The Black Book of Financial Hacking: Passive Income with Algorithmic Trading Strategies

A trader's dream: Sitting with a cold beer on the beach while some computer breeds money with automated trading. Can this actually work? Can algorithmic strategies even outperform human traders? This textbook covers the "algorithmic" part of algorithmic trading - not with 'technical indicators', but with solid math and statistics. The author and his team have developed almost 2000 trading systems for institutes, funds, and private traders. In his book you'll learn all the tricks and traps, which methods work and which don't, and how to develop a solid trading system from the first idea until going live. Many example systems are presented with new trading methods, such as spectral analysis, statistical filters, and pattern detection. You're introduced in proper testing with Walk Forward, Montecarlo, Cluster Analysis, and Reality Check methods. All examples come with code ready to run. No matter if you are a beginner or a seasoned algo developer, this book will provide new insights into algorithmic trading. Hack the financial markets! The fourth edition contains updated trading systems and a new section about strategy evaluation. "Johann Christian Lotter has succeeded in writing an interesting and, above all, honest book: Instead of picture-book examples, it presents working code, instead of rose-coloured rhetoric, hard truth. All prospective traders interested in algorithmic trading should take a look at this book." TRADERS' August 2016