Re: the book called " Trading Systems That Work"

["Peter B. Nelson" <peter.nelson@xxxxxxxxxxx>]

Cameron,
    I have been reading this book (up to page 66 now) very carefully.  The
concepts are great, and I'm learning much, but it is a slow read and
difficult.
    This book is for you if all the following are true: You are a
tradestation user, and have excel.  You are insterested in the mathematics
and statistics behind developing and evaluating automated trading systems.
You are willing to write your own tradestation code to build your own
systems.  You do not expect the book to give you a "winning" system already
canned and developed.
    Unless you are a tradestation user (as I assume you are), the book loses
75% of its value, as all code examples are given in a combination of
tradestation and excel.  If you are not a programmer, the book loses 25% of
its value, as it is teaching concepts more than concretes, and you must code
your own systems to use the concepts.
    Unfortunately, the code is not as good as mine would be, and I've found
at least one bug so far.  For example, the books code typically uses a
combination of tradestation to output to ascii files, then excel to analyze
the data from the ascii files.  This approach means one cannot quickly
evaluate the output of many runs from a tradestation optimization job.
    Also unfortuate - if you want running code you must enter it yourself,
by hand, or... you can buy the CD-ROM for $130 from
http://www.thomasstridsman.com/.  Blech!
    This book does not specify a "winning" system.  It teaches you many
analytical and statistical skills you need to build your *own* system.  That
is exactly what I wanted, and so I love the book.

Regards,
Peter Nelson

----- Original Message -----
From: "Cameron Jones" <camster@xxxxxxxxxxxxxx>
To: "omega list" <omega-list@xxxxxxxxxx>
Sent: Tuesday, June 26, 2001 5:42 AM
Subject: the book called " Trading Systems That Work"





I Reposted to avoid more confusion

> Hi all
>
> As any one read this book   "Trading Systems That Work "    ......... is
it worthy to buy?    Any one want
to
> sell me a copy?
>
> Regards
> Cameron
> Gold Coast
>