Read this book to learn how to:
- Improve the accuracy and profitability of your trading strategies by leveraging statistically proven market edges
- The power of using at least one "set-up" and one "entry signal" when developing trading strategies to tilt the odds in your favor
- Conduct statistical tests to analyze whether your trading ideas has an edge over the overall market or not
- Avoid some of the many mistakes that beginner traders do, such as not taking trading costs into account when backtesting your strategies
Foreword by Stan Bokov, Chief Operating Officer at MultiCharts.
Every market edge presented in Stock Market Edges is based on comprehensive statistical analyses and has been tested across seven different markets (S&P 500 ETF, NASDAQ 100 ETF, FTSE 100 Index, German Stock Index (DAX), Hang Seng Index, Nikkei 225, and the S&P 500 Index) over a period of more than 14 years.
The tests range from simple moving averages to various chart patterns and indices, namely:
- Short-term highs and short-term lows
- The Relative Strength Index
- Consecutive up days and consecutive down days
- Extreme up days and extreme down days
- Daily up gaps and daily down gaps
- Average Directional Index
- The Volatility Index
- Key reversal bars
- 50- and 200-day moving averages
- Advancing and declining issues
The final chapter lays out a very consistent and profitable sample trading strategy, built entirely on set-ups outlined in the book to prove that the edges actually provide the trader with an advantage.
Contrary to most other trading books, expected slippage and commissions have been deducted from the test results for the S&P 500 ETF and the NASDAQ 100 ETF.
All market edges and trading strategies presented in Stock Market Edges can easily be implemented and executed in popular trading platforms such as MultiCharts, TradeStation, NinjaTrader and MetaTrader.
Editorial ReviewsAbout the AuthorPhilip Reschke has traded the stock market for more than 15 years. He firmly believes that smart short-term trading decisions must be based on quantitative research, not discretionary belief.
Philip has spent a lot of time identifying exploitable stock market edges, some of which he shares with his readers in his first book, Stock Market Edges - A quantitative guide to developing winning trading strategies, published on May 16, 2013.
The book teaches the active trader how to improve the precision, accuracy and profitability of their stock market trading strategies by leveraging some of the many market edges that successful traders exploit every day.
Every market edge presented in Stock Market Edges is based on comprehensive statistical analyses and has been tested across seven different markets (S&P 500 ETF, NASDAQ 100 ETF, FTSE 100 Index, German Stock Index (DAX), Hang Seng Index, Nikkei 225, and the S&P 500 Index) over a period of more than 14 years.
Stock Market Edges was initially released in May 2013 as a Multi Touch book designed exclusively for the iPad and only available in Apple's iBookstore. After big demanded Stock Market Edges was released for Amazon's Kindle as a traditional eBook in Apple's iBookstore. Since its release Stock Market Edges has received an average rating of 4.8 on 80+ reviews across several countries, including the United States, Canada, United Kingdom, Germany and Denmark.
Product Details
- File Size: 16664 KB
- Print Length: 188 pages
- Publication Date: January 15, 2014
- Sold by: Amazon Digital Services, Inc.
- Language: English
- ASIN: B00DY73M24