The Evaluation and Optimization of Trading Strategies (Wiley Trading) (Hardcover)

by Robert Pardo (Author)
Key Phrases: performance summary, perfect profit, profitable tests, Walk-Forward Analysis, The Historical Simulation, The Evaluation of Performance (more...)

Editorial Reviews

Review
"...an essential read."The Technical Analyst August 2008

Product Description
With all of the changes in communications, technology, and trading styles, a thorough and comprehensive working knowledge of how to properly design and test strategies has never been more important than it has become in today’s extremely competitive markets. That’s why Robert Pardo has created The Evaluation and Optimization of Trading Strategies, Second Edition. For anyone planning to employ algorithmic or mechanical strategies in their trading, this book offers the information you need to properly understand and execute them.

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Product Details

• Hardcover: 334 pages
• Publisher: Wiley; 2 edition (February 8, 2008)
• Language: English
• ISBN-10: 0470128011
• ISBN-13: 978-0470128015
• Product Dimensions: 9 x 6.4 x 1.5 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 3.2 out of 5 stars See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #197,723 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

25 of 29 people found the following review helpful:

3.0 out of 5 stars If your new to optimization concepts..., February 13, 2008

By	AK (Kentucky) - See all my reviews

I use Tradestation for my day trading and thought I might learn something new from this book to help me better optimize my strategy ideas. Maybe my expectations were too high. The book is a basic concepts book about strategy optimization with nothing revolutionary (in my opinion). If you are new to Tradestation and are curious about Walk Forward Analysis or Optimization, just Google it... I really need to screen the books I am considering buying more at the bookstores before I buy them. grrrr

3 of 3 people found the following review helpful:

5.0 out of 5 stars Great educational material, January 23, 2009

By	G. PRUITT (Horse Shoe, NC United States) - See all my reviews (REAL NAME)

This book is precisely written and gives a great educational foundation on the concepts of trading system analysis and proper optimization. TradeStation, TradersStudio and the other testing platforms are tremendous tools and can be used to develop robust trading systems but at the same time they can be quite dangerous to the novice trader. With the computational power and data that it available today, a new system developer can easily get carried away and over curve fit their trading scheme. Bob tells how not to do this. The book also covers the most important performance metrics and how they should be used to determine the robustness of a trading plan. Also Bob has worked with Bill Dunn for many years and this is definitely an indicator that Bob knows what he is writing about. If you are interested in developing robust trading systems or analyzing one to purchase, you can't go wrong buying EOTS.

1 of 2 people found the following review helpful:

1.0 out of 5 stars Not Worth the Price, June 14, 2009

By	RayGUN (FL) - See all my reviews

You would be better off watching the free trading videos on Trade Station to learn about creating trading systems and optimization. This book seems to be one long commercial for Pardos Group forward testing software which is no longer available. The book is basically useless since the premise is that in order to test a trading strategy you must first test it in out of sample data. This makes perfect sense but you need software and a data feed to do this otherwise time consuming testing.
The software recommended of coerce is Pardos group which they no longer sell.