Chapter 22. System Design and Testing
Chapter Objectives
By the end of this chapter, you should be familiar with
The importance of using a system for trading or investing
The difference between a discretionary and a nondiscretionary system
The mindset and discipline required to develop and trade with a system
The basic procedures for designing a system
The role that risk management plays in system design
How to test a system
Standard measures of system profitability and risk
We have covered most of the methods used by technical analysts to analyze the trading markets. We now enter into the field of how to utilize this knowledge to produce profits and reduce risk. Any constant and consistent management of assets requires money management, which we cover ...
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