Dr Howard B Bandy – Quantitative Technical Analysis

Dr Howard B Bandy – Quantitative Technical Analysis

This is the fifth edition of this book. Dr. Howard BandyThis article discusses an integrated approach for trading system development and management.

It starts with an assessment and quantification about the various aspects of risk.

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1.  The trader’s personal tolerance for risk.

2.  The price fluctuations inherent in the issue to trade are a potential risk.

3.  Trading system rules can increase the risk.

4.  The trade-By-Trade risk is a consequence of trading.

Original objective function called “CAR25,” Risk-based-It is possible to calculate and explain the normalized profit potential.  CAR25 is the closest I’ve found to a universal objective function.

Recognizing the non-essential is crucial-These characteristics are discussed along with techniques to handle them.

The discussion covers all aspects of trading system development including backtesting, optimization, design, testing, and walk forward analysis.  That is followed by two parallel development paths — one using traditional trading system development platform and the second machine learning.

A unique technique that uses empirical Bayesian analysis to recognise the importance and management of trading position sizing is called “dynamic position sizing” Quantified in a metric called “safe-f,” It is now available.  The book also contains computer code that implements dynamic position sizing.