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Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals: 274 (Wiley Trading)
£73.90£79.80 (-7%)
Evidence-Based Technical Analysis examines how you can apply the scientific method, and recently developed statistical tests, to determine the true effectiveness of technical trading signals. Throughout the book, expert David Aronson provides you with comprehensive coverage of this new methodology, which is specifically designed for evaluating the performance of rules/signals that are discovered by data mining.
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Additional information
| Publisher | 1st edition (8 Dec. 2006), Wiley |
|---|---|
| Language | English |
| Hardcover | 544 pages |
| ISBN-10 | 0470008741 |
| ISBN-13 | 978-0470008744 |
| Dimensions | 16.51 x 4.57 x 23.62 cm |
by Dejan Corovic
David R Aronson does an excellent job of explaining a methodology related to reducing the influence of data mining (data snooping, curve fitting etc.) on selecting the truly productive trading rules. He is an excellent teacher, with ability to explain complex concepts in an accessible way.
This book is good for somebody who is a beginner in statistics and beginner in data mining. It is not practicioner’s book, since examples and methodology are only described enough to be explained, but not illustrated by the rigorous detail.
by Amazon Customer
There’s a lot of useful material in this book – there’s also a lot of pseudo scientific bigotry. The scientific method is held up as the Holy Grail and without doubt it has it’s uses – but it’s only part of the story. As Einstein said – imagination is the most important thing. Once you’ve hit upon some innovative idea then the scientific method is merely a process of shaping it up. Half the book can be dismissed as the author attempting to constrain the world within the scientific method – the rest of the book is very useful – particularly for avoiding the hunt for fool’s gold.
by Steve Stevenson
I’m only 100 pages into the book, but am becoming frustrated with the author’s continual criticism of other technical analysis methodologies. He would save readers’ time if he got to the point, rather than wasting everyone’s time with continuous straw man arguments.
by Book fan
An overdue examination of technical analysis from a scientific perspective. For too long TA practitioners have used overly vague terminology and methods for predicting the market. Presumably many thousands of investors have tried to put these into effect losing themselves money and causing heartache in the process.
There is a role for TA but one that is based on reasonable testable propositions, this book is a major step in this direction.The sections on statistics were some of the clearest explanations on this topic that i have ever seen and helped me with my finance masters.
This is not the typical TA book with 20 surefire ways to double your profits. It is more realistic but at the same time a little depressing ….success in trading (as in life) requires a lot of hard work , study and training …there are no shortcuts.
NOTE: this is not the typical TA book, do not buy it if you are looking for that killer chart formation (that worked in the past but probably won’t in the future) but do buy it if you genuinely want to learn something about the market and how to backtest stock movements. From this perspective this is the best book available and should be on the shelf of any serious investor.
by LIVIU VALERIU LUPUSOR
Good introduction on reviewing Technical Analysis from the scientific perspective