A bulletproof trading system is essential for trading success. You also need an effective system for trading to implement that trading system consistently. Otherwise, your trading experience will be stressful at best and insanely inconsistent at worst. Though you can always get a "canned" black-box trading system, few traders ever stick with them for long: experts agree that the ideal system for each trader is unique to his or her trading style—proprietary systems created by the individual. 
Now acclaimed system developer Tushar Chande shows you how to create "real-world" systems that meet your trading needs. A stimulating mix of cutting-edge techniques, timeless principles, and practical guidelines, Beyond Technical Analysis offers a comprehensive methodology to develop and implement your own system, bridging the gap between analysis and execution. Chande begins with a crucial first step: assessing your trading beliefs. As he points out, "Your beliefs about price action must be at the core of your trading system. This allows the trading system to reflect your personality, and you are more likely to succeed with such a system over the long run." Once you've pinpointed your beliefs, you can then build effective systems around them. To help you construct and use these systems, Chande starts with the basics and ends at the state of the art. With easy-to-read charts and numerous examples, Chande explores the following: <ul>
<li>Foundations: diagnosing market trends, the perils of optimization, setting initial stops, selecting data, choosing orders, and understanding the summary test results</li> <li>New systems: trend following, pattern-based, trend/anti-trend, inter-market, filtered and extraordinary market opportunity systems, plus variations</li> <li>Equity curve analysis: measuring smoothness, portfolio strategies, monthly equity curves, and triggering effects</li> <li>Money management: risk of ruin, projecting drawdowns, changing bet size</li> <li>Data scrambling: a new method to generate synthetic data for testing</li> <li>A system for trading: starting, risk control, compliance, full traceability</li> </ul>
To foster consistent execution, Beyond Technical Analysis provides software that enables you to "paper trade" your system. A demo disk of Chande's $ecure trade management software and data scrambling utility will let you test your system on "true" out-of-sample data and track your emotions and P&amp;L as you transition the system from computer table to trading desk. A complete, concise, and thorough reference, Beyond Technical Analysis takes you step-by-step through the intricacies of customized system design, from initial concept through actual implementation. Acclaim for Tushar Chande's revolutionary approach for developing and implementing your own winning trading system "Tushar Chande provides insightful but clear-cut techniques which will enlighten the savant as well as the newcomer. I would urge traders of all levels of experience to apply Chande's tremendously useful strategies!" — Charles Le Beau President, Island View Financial Group Inc., author, Computer Analysis of the Futures Market "The chapter on 'Equity Curve Analysis' alone will share with you concepts which have cost large trading houses millions of dollars to discover." —Murray A. Ruggiero, Jr. Contributing Editor, Futures Magazine President, Ruggiero Associates "Tushar Chande is an accomplished quantitative technician, but in this book he's gone far beyond grinding numbers. His coverage of system development is the first thorough treatment disclosing both specific trading systems and the practicalities of their implementation." — John Sweeney Technical Editor, Technical Analysis of Stocks &amp; Commodities magazine author, Maximum Adverse Excursion: Analyzing Price Fluctuations for Trading Management "For any aspiring CTA, this is a must-read on developing [his or her] trading system." — Rick Leesley Jack Carl Futures

Beyond Technical Analysis: How to Develop and Implement a Winning Trading System (Wiley Trading)

Business & Money

Chande, Tushar S.

Economics

wiley

A technical analysis classic, newly updated to help traders develop and forward-test a high-performance trading system for today's markets In trading, a winning system is everything. While it is theoretically possible to buy a "canned" trading system, most experts agree that the best system is proprietary to each trader--developed, implemented, and tested by the individual to suit his or her exact requirements. A stimulating mix of cutting-edge techniques, timeless principles, and practical guidelines, this updated edition of a technical analysis classic offers traders a comprehensive methodology to develop and implement your own trading system, bridging the gap between analysis and execution. Tushar Chande (Pittsburgh, PA) holds nine U.S. patents for creative solutions to flexible manufacturing problems using high-power lasers and optical fibers. A contributing editor to Technical Analysis of Stocks &amp; Commodities magazine, he has been a registered Commodity Trading Advisor and is the principal author of The New Technical Trader (0-471-59780-5) (Wiley).

Beyond Technical Analysis: How to Develop and Implement a Winning Trading System, 2nd Edition

The breakthrough trader’s guidebook that combines the latest, most promising methods of technical analysis with the classic tactics of risk control and money management… In The New Technical Trader, trading system wizard Tushar Chande and money management expert Stanley Kroll present a bold new array of dynamic, price-based, and risk control indicators that provide timely, reliable answers to the difficult analytic challenges of pattern recognition, variable indicator length, and price projection. Developed by the authors to overcome the specific limitations of existing technical indicators, they can be used in virtually any market—futures, commodities, stocks, indices, and mutual funds. Each new indicator is supported by step-by-step tutorials and real-world trading scenarios that illustrate the best strategies for its use, and show how to adapt it to your trading style. Now you can develop a successful, comprehensive personalized trading plan using: 
<ul>
<li>New momentum oscillators—the Chande momentum oscillator, stochastic RSI oscillator, variable-length dynamic momentum index—that overcome the limitations of the relative strength index</li> <li>Qstick, a quantitative candlestick that generates objective numbers instead of subjective patterns</li> <li>Linear regression analysis that quantifies trendiness, projects prices, and prompts the development of a better game plan</li> </ul> If you need to reliably project prices under different market conditions, estimate risk on new positions, create stops to cut your losses, or plot momentum swing failures, The New Technical Trader is your first place to turn. It’s the frontline guide for developing objective consistency in your decision making and gaining a valuable edge in today’s commodities, currency, and stock markets.

The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators (Wiley Finance)

Kroll, Stanley

See the best price to sell, buy, or rent books by Chande, Tushar S.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Chande, Tushar S.

See the best price to sell, buy, or rent books by Chande, Tushar S.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Beyond Technical Analysis: How to Develop and Implement a Winning Trading System (Wiley Trading)

Beyond Technical Analysis: How to Develop and Implement a Winning Trading System, 2nd Edition

The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators (Wiley Finance)