Systematic Trading: A Unique New Method for Designing Trading and Investing Systems

Robert Carver



This is not just another book with yet another trading system. This is a complete guide to developing your own systems to help you make and execute trading and investing decisions. It is intended for everyone who wishes to systematise their financial decision making, either completely or to some degree. Author Robert Carver draws on financial theory, his experience managing systematic hedge fund strategies and his own in-depth research to explain why systematic trading makes sense and demonstrates how it can be done safely and profitably. Every aspect, from creating trading rules to position sizing, is thoroughly explained. The framework described here can be used with all assets, including equities, bonds, forex and commodities. There is no magic formula that will guarantee success, but cutting out simple mistakes will improve your performance. You'll learn how to avoid common pitfalls such as over-complicating your strategy, being too optimistic about likely returns, taking excessive risks and trading too frequently. Important features include: - The theory behind systematic trading: why and when it works, and when it doesn't. - Simple and effective ways to design effective strategies. - A complete position management framework which can be adapted for your needs. - How fully systematic traders can create or adapt trading rules to forecast prices. - Making discretionary trading decisions within a systematic framework for position management. - Why traditional long only investors should use systems to ensure proper diversification, and avoid costly and unnecessary portfolio churn. - Adapting strategies depending on the cost of trading and how much capital is being used. - Practical examples from UK, US and international markets showing how the framework can be used. Systematic Trading is detailed, comprehensive and full of practical advice. It provides a unique new approach to system development and a must for anyone considering using systems to make some, or all, of their investment decisions.


這不僅僅是另一本帶有另一種交易系統的書籍。這是一本完整的指南,教你如何開發自己的系統,幫助你做出交易和投資決策。它適用於希望將其金融決策系統化的所有人,無論是完全還是部分地。作者羅伯特·卡弗(Robert Carver)借鑒金融理論、管理系統對沖基金策略的經驗以及自己的深入研究,解釋了為什麼系統交易是有道理的,並展示了如何安全且有利可圖地進行系統交易。從創建交易規則到頭寸大小的每個方面都有詳細的解釋。這裡描述的框架可以應用於所有資產,包括股票、債券、外匯和商品。沒有一個能保證成功的神奇公式,但消除簡單的錯誤將提高您的表現。您將學習如何避免常見的陷阱,例如過於複雜化策略、對預期回報過於樂觀、承擔過多風險和過於頻繁交易。重要特點包括: - 系統交易背後的理論:為什麼以及何時有效,以及何時無效。 - 設計有效策略的簡單而有效的方法。 - 可根據您的需求適應的完整頭寸管理框架。 - 完全系統交易者如何創建或適應交易規則以預測價格。 - 在系統框架內進行裁量交易決策的方法。 - 為了確保適當的多樣化並避免昂貴且不必要的投資組合變動,傳統的長期投資者應該使用系統。 - 根據交易成本和使用的資本量調整策略。 - 來自英國、美國和國際市場的實際例子,展示了該框架的應用。《系統交易》詳細、全面且充滿實用建議。它提供了一種獨特的系統開發方法,對於任何考慮使用系統來做出一些或全部投資決策的人來說,這是必不可少的。