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Pros & Cons
pros
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pros
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Comprehensive Learning
Customers highly praise the comprehensive learning experience provided by the book, with many emphasizing its educational value and practicality. The author's expertise and real-life experiences are described as invaluable for traders looking to improve their skills and achieve success.
Real-Time Strategy Building
Customers have a generally positive opinion regarding the real-time strategy building aspect of the book "Building Winning Algorithmic Trading Systems". The book provides valuable insights into the process of creating, monitoring, and going live with profitable strategies. Many reviewers praise the author's comprehensive approach to system development, emphasizing the importance of setting goals, handling data, major stages of system development, performance evaluation, prediction, and psychology. Some also highlight the author's expertise in the field and his availability for support. A small group of customers mention some challenges they faced while following the process outlined in the book but overall find it
neutral
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Scientific Strategy Testing
Customers who have read Building Winning Algorithmic Trading Systems praise its thorough explanation of strategy testing methods, including backtesting, out-of-sample testing, walk-forward testing, and Monte Carlo analysis. They appreciate the author's emphasis on avoiding over-optimization and ensuring statistical validity in trading systems. Some reviewers have found the book particularly helpful for separating successful strategies from those that are not worth pursuing.
Code Examples
Customers have mixed opinions regarding the code examples in the book, with most expressing positive sentiments towards the practical tips and real-world applications. However, a small group of reviewers felt that the code examples were not specific enough or lacked substance, potentially due to the focus on trend following strategies and the absence of significant performance data from live trading.
Highlights
Quality
He mixes high human qualities and values, that are necesary for beeing successful at any challenge in life, with a high degree ... Read More
Very impressed with the quality of the material.
I have seen mountains of garbage published about how to trade over the years.
Moreover, even a valid backwards test, unless accompanied by the proper walk forward test + adding slippage and commissions wil... Read More
Price
Even established investors could save money,with some of his ideas,i suspect.
Competitiveness
Knowing that you have a system with a statistically provable edge gives a trader the confidence and incentive to trade better.
The other key is this guy has demonstrated his knowledge via real world trading, including documented competitions (granted at ... Read More
Most retail traders don't know that they can use their computer to test different combinations of indicators, entry methods, fi... Read More
To only point out that "the euro strategy in the book is not doing great" is missing the forest from the trees.
Overview
- How are reviewers describing this item?
good, real, algorithmic, great and many. - Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
- Our engine has determined that the review content quality is high and informative.
- Our engine has discovered that over 90% high quality reviews are present.
- This product had a total of 319 reviews as of our last analysis date on Nov 20 2024.
Helpful InsightsBETA
Posted by a reviewer on Amazon
If you are just optimizing then trading and wondering why your strategies dont work in real life
Posted by a reviewer on Amazon
Do yourself a favor and learn the right way first
Posted by a reviewer on Amazon
I had great backtests than showed i was going to make tons of money
Posted by a reviewer on Amazon
But for some reason four years later i have earned some money with them but lost some more
Posted by a reviewer on Amazon
This is not a book about indicators instead it discusses methods the process and discipline in building algorithmic trading systems
Posted by a reviewer on Amazon
If you plan to venture into algo trading it is important to have a dependable repeatable process that will improve your results
Posted by a reviewer on Amazon
However it is much harder to build one that will work well in real time trading
Posted by a reviewer on Amazon
The book reveals what most retail traders will never know even exists
Review Count History
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