Mechanical Trading Systems

A wide variety of flexible trading systems that combine
sophisticated technical analysis with trading psychology
theory

Mechanical Trading Systems examines the development process for
choosing and using mechanical trading systems in conjunction with
trader psychology. This book discusses the advantages and
disadvantages of mechanical trading systems; the dangers in system
development and how to avoid them; the optimal methods for
back-testing trading systems; position sizing and other risk
quantification tools; and methods of improving rates of return on
investments without significantly increasing risk. Most
importantly, through a detailed examination of various types of
unsuccessful trader personality traits (e. g. , fearfulness, greed,
and impatience), the book recommends different types of trading
systems for a diverse array of trader types.

Richard L. Weissman (Port Richey, FL) has seventeen years'
experience as a trader and developer of trading systems. He
currently provides independent consultation an d training services
to traders and risk management professionals in the areas of
technical analysis, risk management, and trader psychology.