by Ernie Chan (Author)
Praise for Algorithmic Trading
"Algorithmic
Trading is an insightful book on quantitative trading written by a
seasoned practitioner. What sets this book apart from many others in the
space is the emphasis on real examples as opposed to just theory.
Concepts are not only described, they are brought to life with actual
trading strategies, which give the reader insight into how and why each
strategy was developed, how it was implemented, and even how it was
coded. This book is a valuable resource for anyone looking to create
their own systematic trading strategies and those involved in manager
selection, where the knowledge contained in this book will lead to a
more informed and nuanced conversation with managers."
—DAREN SMITH, CFA, CAIA, FSA, President and Chief Investment Officer, University of Toronto Asset Management
"Using
an excellent selection of mean reversion and momentum strategies, Ernie
explains the rationale behind each one, shows how to test it, how to
improve it, and discusses implementation issues. His book is a careful,
detailed exposition of the scientific method applied to strategy
development. For serious retail traders, I know of no other book that
provides this range of examples and level of detail. His discussions of
how regime changes affect strategies, and of risk management, are
invaluable bonuses."
—Roger Hunter, Mathematician and Algorithmic Trader
