Quantitative Trading Strategies: Harnessing the Power of Quantitative Techniques to Create a Winning Trading Program (The Irwin Trader's Edge Series)

Author: Lars Kestner, McGraw Hill
List Price: $65.00
Our Price: Click to see the latest and low price
ISBN: 0071412395
Publisher: McGraw-Hill (August, 2003)
Sales Rank: 278,808
Average Customer Rating: 3.5 out of 5

Customer Reviews

Rating: 3 out of 5
Easy to follow, but not much insight.
This is probably a book for ordinary investors, but certaily not for "Quant". The book is definitely very easy to follow. However, other than a few technical analysis tools, Kestner didn't really address quantitative investing. He just provided a few computer printouts for a few technical strategies - no fundamental data or "real" quantitative tools were ever used. If you don't have the math/statistics/finance backgroud, but want to learn how to systematically use technical analysis, buy this book. For serious Quants, don't worry about it.

Rating: 4 out of 5
Concise and intelligent
Worth the money, as the book provides an in-depth explanation about money management and risk. It is also very well written with good illustrative examples and easy to follow.

It also provides great ideas to trading systems and very insigthful information on how to analyze trading performance. The great advantage of this book is that it actually explains the assembling of a trading system from concept to an actual trading tool. However, it lacks explanation on real-trading, commission and slippage issues.

I like the book due to a defined and well ordered stream of information. Perry Kauffman's trading system book is the complete opposite of Kestner's work. Despite Kauffman's solid knowledge, his writing is so hard to follow to the point that some sentences provide a double meaning interpretation. The information is also shuffled and disorganized to the point of addressing some unnecessary issues.

Kestner's work is much more enjoyable...

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