Murray A. Ruggiero | 1997 | ISBN: 0471149209 | English | 336 pages | PDF | 11.6 MB
Until recently, the computer has been used almost exclusively as a charting and data-gathering tool. But as traders and analysts have quickly discovered, its capabilities are far more vast. Now, in this groundbreaking new book, Murray Ruggiero, a leading authority on cybernetic trading systems, unlocks their incredible potential and provides an in-depth look at the growing impact of advanced technologies on intermarket analysis. A unique resource, Cybernetic Trading Strategies provides specific instructions and applications on how to develop tradable market timing systems using neural networks, fuzzy logic, genetic algorithms, chaos theory, and machine induction methods.
Drawing on his extensive research on market analysis, Ruggiero provides an incisive overview of cyber-systems–systems that, when applied correctly, can increase trading returns by as much as 200% to 300%. The author covers a wide range of important topics, examining classical technical analysis methodologies and seasonal trading, as well as statistically based market prediction and the mechanization of subjective methods such as candlestick charts and the Elliott Wave. Precise explanations and dozens of real-world examples show you how to:
• Incorporate advanced technologies into classical technical analysis methodologies.
• Identify which of these technologies have the most market applicability.
• Build trading systems to maximize reliability and profitability based on your own risk/reward criteria.
