The Advantages of Trading with a 100% Mechanical Approach - Part 2
Expert: Richard Saidenberg
Type:
PDF Workbook
MP3 Audio
Running Time:
90 minutes
Workbook Length:
23 pages
Availability: Now
Average Rating:
In this presentation, Rick Saidenberg discusses the advantages and disadvantages of mechanical systems trading. Rick believes that anyone can trade profitably by using purely mechanical systems. He describes the innermost details of developing a successful trading plan. You will learn the exact pitfalls that can hinder the success of a mechanical system.
Rick shows you the steps required to develop a breakout system, a reversal system, and a combination system that incorporates both breakouts and reversals. He provides you with complete trading rules for entries and exits for each system. You will learn to use the tools you need to develop a trading system and strategy best suited for your style of trading.
Building upon his 1995 presentation, Rick demonstrates how to develop as well as read TradeStationTM’s performance reports. He highlights the crucial statistics that enable you to identify profitable systems in both hypothetical and real-time trading. Rick elaborates on the new twist on diversification discussed in the previous year’s workshop — concentrating on one market and diversifying by trading several unrelated systems.
About The Expert
Richard Saidenberg
Richard Saidenberg is a CTA and an independent futures trader. After receiving a B.A. degree in economics from the University of Michigan, Rick worked on the floor of the American Stock Exchange as a specialist clerk and later an arbitrage clerk. Later, in the Major Market Index options pit, Rick was exposed to mechanical systems trading. He has traded his own account, using his own tools and mechanical systems, for fifteen years. To speed up his research and development effort, Rick became an accomplished programmer of trading systems. As a logical extension of his talent, Rick provides custom programming of indicators and trading systems to users of TradeStationTM and SuperCharts. In ..
