Cybernetic Trading Strategies: Developing a Profitable Trading System with State-of-the-Art Technologies

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Book title: Cybernetic Trading Strategies: Developing a Profitable Trading System with State-of-the-Art Technologies

Cybernetic Trading Strategies: Developing a Profitable Trading System with State-of-the-Art Technologies Technical details/features and description:

“The computer can do more than show us pretty pictures. [It] can optimize, backtest, prove or disprove old theories, eliminate the bad ones and make the good ones better. Cybernetic Trading Strategies explores new ways to use the computer and finds ways to make a valuable machine even more valuable.” —from the Foreword by John J. Murphy. Until recently, the computer has been used almost exclusively as a charting and data-gathering tool. But as traders and analysts have quickly discovered,

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3 thoughts on “Cybernetic Trading Strategies: Developing a Profitable Trading System with State-of-the-Art Technologies

  1. 12 of 12 people found the following review helpful:
    3.0 out of 5 stars
    Few good chapters, March 9, 2001
    By 
    Leonid B. Gorkin (New York, NY) –
    (REAL NAME)
      

    Amazon Verified Purchase(What’s this?)
    This review is from: Cybernetic Trading Strategies: Developing a Profitable Trading System with State-of-the-Art Technologies (Hardcover)

    There are only few books available on the subject (which comes at no surprise, as people who know how to write such a book would get tons of money just applying these methods, rather than writing a book). Chapters on basic consepts are worth reading, looks like the author knows what he is talking about. It includes intermarket analysis, seasonal trading and trading using technical indicators. More advanced subjects, such as neural networks, genetic algorithms, machine learning, statistics and others are very weak. Look somewhere else if you want more info on this.

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  2. 15 of 16 people found the following review helpful:
    4.0 out of 5 stars
    Introduction to Applied Intermarket Analysis & Trading, May 24, 2000
    By 
    Ronald Davis (portland) –
    (REAL NAME)
      

    Amazon Verified Purchase(What’s this?)
    This review is from: Cybernetic Trading Strategies: Developing a Profitable Trading System with State-of-the-Art Technologies (Hardcover)

    This book focuses on intramarket trading rountines, by which I mean using one market to estimate the behavior of another before it happens. This idea was first introduced by John Murphy. However, he did not, at that time, present trading paradigms.

    In my opinion, Ruggerio does not intend this book to be a complete exposition on intermarket trading systems, much less on “cybernetic trading strategies.” He does present enough examples to show the way to develop your own, presumably more sophisticated intermarket systems. Ruggerio really doesn’t attempt to program and use technical analysis, nor does he claim to. His discussion of neural nets and genetic algorithms are very introductory. These are, however, topics that require at least a book each, absent a very good background by the reader.

    In short, this is a pretty decent idea book, or rather approach book dealing with computer driven trading systems which use intermarket analysis. Personally, I think it’s a useful book, even though I don’t use the approach: I’m more technically oriented.

    If you are looking for a definitive approach to using modern math to make a zillion dollars while you watch basketball, this isn’t the book. Of course, you won’t find that book, but that is a different discussion. Don’t go here for neural nets or genetic algorithms, either. See Goldman(?) for the latter. I’m no help for the former.

    I should note that this book is aimed at commodity traders. Stock traders can make use of the techniques by translating “commodity name” to “sector name,” assuming one uses sector analysis.

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  3. 10 of 10 people found the following review helpful:
    3.0 out of 5 stars
    An average overview., April 21, 2001
    By 
    Andrew Godunov (Moscow) –

    This review is from: Cybernetic Trading Strategies: Developing a Profitable Trading System with State-of-the-Art Technologies (Hardcover)

    I like this book because it is easy to read, it is short and has a good overview of morden methods for stock and commodity trading. Unfortunately author does not give any essential details or any mathematical justification for advanced method like MEM or Chaos and others except for emotions “how wonderful it is” with additional references to other sources that of course, cost money. So I find it difficult to use this book “to develop a profitable system with a state of the art technologies” because it does not have crucial details and therefore I put 3 star for my failed expectations. I recommend this book as an overview only.

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