Pardo shows that the benefits of correct testing andoptimization vastly outweigh the effort required to learn andmaster their proper application, and sets forth in detail thecorrect way to formulate, test, and evaluate a trading strategy. In this updated andrevised edition of his classic work, Pardo, a professional moneymanager and renowned expert in the design and testing of tradingstrategies and computerized trading applications, provides aclear-cut and specific road map for traders who want to transform atrading idea into a tested, verified, properly capitalized, andprofitable automated trading strategy. Robert Pardo argues that a trading strategycan only be properly evaluated and successfully traded when profitand risk have been measured precisely and accurately-whichcan only be done through computerized testing. With all of the changes in communications,technology, and trading styles, a thorough and comprehensiveworking knowledge of how to properly design and test strategies hasnever been more important than it has become in today’s extremelycompetitive markets. It would be an understatement to say that the world has changeddramatically in the sixteen years since the first edition of Design, Testing, and Optimization of Trading Systems waspublished in 1991. Whether a trader is seeking to enhance their profit or just getting started in testing, The Evaluationand Optimization of Trading Strategies offers practical instruction and expert advice on the development, evaluation, and application of winning mechanical trading systems. Written in a straightforward and accessible style ,this detailed guide presents traders with a way to develop and verify their trading strategy no matter what form they are currently using stochastics, moving averages, chart patterns,RSI, or breakout methods.
With this book, Pardo delivers important information to readers, from the design of workable trading strategies to measuring issues like profit and risk. Trading systems expert Robert Pardo is back, and in TheEvaluation and Optimization of Trading Strategies, a thoroughly revised and updated edition of his classic text Design, Testing ,and Optimization of Trading Systems, he reveals how he has perfected the programming and testing of trading systems using a successful battery of his own time-proven techniques. A newly expanded and updated edition of the trading classic,Design, Testing, and Optimization of Trading Systems
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