Review Trading Systems: A New Approach to System Development and Portfolio Optimization
by URBAN JAEKEL and EMILIO TOMASINI
Teaching how one can go about building a successful trading system is the thesis of the book, “Trading Systems: A new approach to system development and portfolio optimization.”
The material details the steps that the trader should know so that success would be guaranteed. The book ensures that the trader need not be entangled with complicated formulas and techniques that may not be necessarily relevant to the kind of industry that they are in or come from.
The book goes at length to discuss how to
- adapt codes that are extant to specific market conditions
- go about building a portfolio
- know when to switch from one system to another
About the Authors
Emilio Tomasini works as an Adjunct Professor of Corporate Finance at the University of Bologna. He is also hailed as one of the best experts in trading systems in all of Europe.
Urban Jaekel has worked on the Chicago Mercantile Exchange (CME). He trades stocks and futures for more than two decades. He has also managed money for institutional investors.
Table of Contents
- A brief guide to trading systems development and evaluation
Here, the author had summarized his years of tenure within the trading industry into a number of easy-to-understand tips.
- Step-by-Step Development Process
The readers are made privy to a detailed process that would lead to the construction of a system for trading. This system covers the writing of the initial code for money management.
- Building Portfolios
This segment discusses how one could go about building portfolios through two distinct ways:
- Combining a number of various trading systems, meant for a number of different markets
- Trading a portfolio containing numerous stocks through the Bollinger Band strategy
The material makes it clear that the traders’ work is never done. What the trader succeeds in is actually surviving a trading venture to wake up and trade another day. The book, “Trading Systems” ushers the readers into unfamiliar, yet profitable, trading methods.