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Technical Analysis: The Complete Resource for Financial Market Technicians by Ph.D. Julie R. Dahlquist, - CMT Charles D. Kirkpatrick II

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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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