Title: Quantitative Trading : How to Build Your Own Algorithmic Trading Business / Edition 1
Author: Ernie Chan
ISBN-10: 0470284889
ISBN-13: 9780470284889
By some estimates, quantitative (or algorithmic) trading nowaccounts for over one-third of trading volume in the United States.While institutional traders continue to implement this highlyeffective approach, many independent traders—with limitedresources and less computing power—have wondered if they canstill challenge powerful industry professionals at their own game’The answer is “yes,” and in Quantitative Trading, author Dr. ErnestChan, a respected independent trader and consultant, will show youhow. Whether you’re an independent “retail” trader looking to startyour own quantitative trading business or an individual who aspiresto work as a quantitative trader at a major financial institution,this practical guide contains the information you need tosucceed. Organized around the steps you should take to start tradingquantitatively, this book skillfully addresses how to: Find a viable trading strategy that you’re both comfortable withand confident in Backtest your strategy—with MATLAB®, Excel, and otherplatforms—to ensure good historical performance Build and implement an automated trading system to execute yourstrategy Scale up or wind down your strategies depending on theirreal-world profitability Manage the money and risks involved in holding positionsgenerated by your strategy Incorporate advanced concepts that most professionals use intoyour everyday trading activities And much more While Dr. Chan takes the time to outline the essential aspectsof turning quantitative trading strategies into profits, he doesn’tget into overly theoretical or sophisticated theories. Instead, hehighlights the simple tools and techniques you can use to gain amuch-needed edge over today’s institutional traders. And for those who want to keep up with the latest news, ideas,and trends in quantitative trading, you’re welcome to visit Dr.Chan’s blog, epchan.blogspot.com, as well as his premium contentWeb site, epchan.com/subscriptions, which you’ll have free accessto with purchase of this book. As an independent trader, you’re free from the con-straintsfound in today’s institutional environment—and as long as youadhere to the discipline of quantitative trading, you can achievesignificant returns. With this reliable resource as your guide,you’ll quickly discover what it takes to make it in such a dynamicand demanding field.
