Kaufman Constructs Trading Systems

Book Synopsis: This is a step-by-step guide to developing a successful trading system for stocks and futures. Perry Kaufman is recognized as one of the leading developers and consultants in the financial industry, with a successful trading record that goes back 40 years. He is the author of "Trading Systems and Methods, 6th Edition," said to be the most definitive book in its field.

"Kaufman Constructs Trading Systems" not only answers key questions about trading systems and development that were asked by attendees at his conferences, it takes the process to another level, giving more examples of systems and covering far more topics that are essential to success. It has also been published as an ebook so that it can be easily accessed worldwide.

Readers will find a complete discussion of trends systems, mean reversion methods, and both daily and intraday trading systems. Mr. Kaufman explains why certain markets are better for trend systems while others are best for mean reversion. He gives you a deep understanding of the principles that make systems profitable. He steps you through the entire process from the idea to the rules, from testing to deciding on the final model.

There are two other valuable sections in this book. The first is the evaluation of risk, and ways to control it. Without proper risk control there can be no success. The second is determining stock or commodity selection when creating a portfolio. Years of experience have gone into the rules for stock selection, although they turn out to be very simple.

This easy to read book will be a most valuable addition to your library to help you on the road to success.