The Ultimate Trading Guide (Wiley Trading) (英語) ハードカバー – 2000/1/15
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How to Spot Short-Term Trends, Trading Systems That Work, Money Management Techniques, and Patterns for Profit
Become the ultimate trader!
The Ultimate Trading Guide is your chance to get what every trader wants, but few have: the know-how to develop and correctly use a logic-based, reliable, and profitable methodology for successful buying and selling-now. In this complete tutorial, one of today's most respected analysts and his partners provide you with all you need to know to develop an original, computerized system that works for you.
"Can you make money trading the markets with a system? You bet, and this is the book that shows how it's done, based on decades of research and actual trading."-Larry Williams, Author, Day Trade Futures Online and Long-Term Secrets to Short-Term Trading
"Traders at all levels of experience will find a treasure chest of knowledge and guidance in The Ultimate Trading Guide. Advice from these expert authors, gained over decades of trading, research, and study of markets and systems, is virtually priceless. This book receives my highest recommendation."-Edward D. Dobson, President, Traders Press, Inc.
"John Hill, George Pruitt, and Lundy Hill are the acknowledged masters in the design and development of mechanical trading systems. So it's no surprise The Ultimate Trading Guide gets my highest recommendation for those interested in the mechanized trading of stocks and futures." -Gary Smith, Author, How I Trade for a Living
"A well-written and thoroughly enjoyable book. It is filled with refreshingly new ways of looking at the market, combined with valuable perceptions that can only come from John Hill's years of experience and the ability to see the big picture. My congratulations to John for his tenacity in delivering Futures Truth." -Perry Kaufman, Author, Trading Systems and Methods, President, Strategic Market Systems
JOHN R. HILL is the President and founder of Futures Truth, a leading newsletter that analyzes and rates trading systems. He has been a frequent guest on CNBC and is a popular speaker at numerous investment conferences. Mr. Hill holds a master's degree in chemical engineering from Ohio State University.
GEORGE PRUITT is the Director of Research for Futures Truth. In addition, he has written for Futures magazine and has had research published by the Wall Street Journal and Barron's. Mr. Pruitt holds a B.S. in computer science from the University of North Carolina at Asheville.
LUNDY HILL began his career working on the floor of the Chicago Mercantile Exchange and the Chicago Board of Trade. He currently operates Commodity Research Institute, a futures brokerage company. Previously, he organized Stafford Trading Company, a registered CTA. Mr. Hill holds a degree in electrical and computer engineering from Clemson University.
That being said, the writing in this book is bad and looks like it was slapped together. The discussion of a particular trading concept will shift from anecdote to statistic to general rule without rhyme or reason. There are a lot of typos, and some of the performance tables contain obvious errors (for example, the net profit divided by the number of trades doesn't come anywhere near to the average profit per trade). At one point, the authors say that they include the code for one of the systems discussed, and then don't include it. What the heck is going on? It's unforced errors like these which make me give it only three stars. And, of course, the goofy title.
You will find many gems from reading this book, but you'll have to sift through a lot of errors and bad writing in order to get to them.
This is a good review of a range of approaches to the market. It also gives you (free) a number of workable systems that you would pay a lot for elsewhere. If you email them with questions they will also answer.
Their work on Commoditity Channel Index is limited but so what. I use CCI possibly in the same way that Howdy does but I dont find that missing one (of so many) ways to make or lose money in the markets is much of an issue. There are lots of great strategies in here ... look up Woodies Club on the net if you want a CCI based one as well.
Good book John.