I’m approaching trading systems from a software development perspective and found a great opening paragraph in ‘Trading Systems - A new approach to system development and portfolio optimisation’ by Urban Jaekle & Emilio Tomasini :
Nowadays the term trading system conveys many meanings that can sometimes be misleading. A trading system is a precise set of rules that automatically defines, without any human discretionary intervention, the entry and exit on the markets. Since rules are precise there is no doubt over when to apply them and this makes the trading system statistically testable. This means that we can figure out how the system performed in the past and how it could perform in the future with a certain degree of confidence.
If you’ve read it, what did you think of the rest of the book ?
Any suggestions about what should go next to it on the Trading Systems bookshelf ?
