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Avg. Customer Rating:(based on 12 reviews) Sales Rank: 282760 Category: Book
Authors:George Pruitt, John R. Hill Publisher:Wiley Studio:Wiley Manufacturer:Wiley Label:Wiley Languages: English (Original Language), English (Unknown), English (Published) Media: Hardcover Number Of Items: 1 Pages: 408 Shipping Weight (lbs): 2.1 Dimensions (in): 10 x 7.3 x 1.5
Product Description Praise for BUILDING WINNING TRADING SYSTEMS with TradeStation ?
"This book will prove vital to all systematic traders. Pruitt and Hill share a wealth of innovative timing patterns and fully disclosed trading strategies. For TradeStation? users, there are powerful tutorials on indicator design and system building. The authors vast expertise will benefit even practiced TradeStation? veterans." Nelson Freeburg Editor, Formula Research
"TradeStation? systems traders will discover a virtual gold mine of knowledge, guidance, and the benefit of vicarious experience from the two foremost experts on the subject in this valuable new addition to trading systems literature. There has long been a notable lack of worthwhile reference material for TradeStation? users, and Building Winning Trading Systems with TradeStation? fills a large void in this area." Edward Dobson President, Traders Press, Inc.
"Building Winning Trading Systems with TradeStation? is filled with useful information and practical real-world examples. I believe TradeStation 6? users will find it a valuable resource." Bill Cruz Co-CEO, TradeStation? Group, Inc.
Dated but some useful information February 4, 2007 4 out of 4 found this review helpful
I'd call this book a beginner/intermediate level Tradestation guide. It starts with the very basics of EasyLanguage and then moves into some simple trading systems. If you get the Easylanguage beginners guides from Tradestation, you wouldn't need the first third of the book. I was looking for some coding ideas as well as some debugging ideas. I did get both from the book. The middle of the book is the good stuff and had some trading systems and debugging methods, but not $60 worth. The book appeared to be packed with all kinds of useful information but there is a lot of useless fluff, the last third of the book had lots of Reserved Words and reference stuff that isn't necessary to include. There was even interviews with system developers. I thought this was about building trading systems?? As was mentioned in previous reviews, try to find the book used. Also, the book was published in 2003. The code in the book is about 4 years old and is still usable but dated.
Buy it if you can find it used. May 1, 2005 54 out of 55 found this review helpful
For new system developers using TradeStation:
First, read the Tradestation Manuals. From the main menu, choose Help -> TradeStation Books. Read "Getting Started with TradeSation EasyLanguage" then move on to "EasyLanguage Reference Guide."
Next, bring up a TradeStation chart and add some random strategy. Click View -> Strategy Performance Report. In the Performance Summary and Trade Analysis tabs, click on each statistic's name type and read the description. It is pretty informative.
Then read chapter 5 of this book if you need more info on the stats.
Chapter 6 is the real meat of this book and the reason you should add it to your library. Unfortunately it is riddled with typographical errors. It's a shame. If the authors would have just copied and pasted the code from a verified strategy, they would have caught most of the problems.
Chapter 7 and 8 also have some valuable information.
Again, if you can find this book used, go ahead and buy it. There are a couple strategy coding, debugging and printing, and EL tweaks for research that you will find interesting.
Also, look into
"Professional Stock Trading: System Design and Automation" (more good ideas and examples of TS coding)
"Design, Testing, and Optimization of Trading Systems" by Robert Pardo (oldie but goodie on system design, but no TS).
"The Encyclopedia of Trading Strategies" by Jeffrey Katz (there is good chapter on basic statistics originally published in 1997 Technical Analysis of Stocks and Commodities)
Fails to live up to expectations or its price October 12, 2004 16 out of 16 found this review helpful
The information about TradeStation is easily replaced with the manuals available from the company. The trading systems included have some interesting features, but the design and analysis is far inferior to what you'll find in, say, Conway & Behle's "Professional Stock Trading: System Design and Automation". And the editing of the text is very sloppy. This would be a decent value were it a $30 paperback, but as a premium priced book it dissapoints. There are much better ways to spend this much money on books about stock trading.
Very helpful, but badly edited March 19, 2004 20 out of 21 found this review helpful
The systems are very good. You will of course need to tune them, but I am generally very impressed. The prose is also very good, and I have much better insight about how to design systems like this.
The only downside is that the code fragments in the book 1) are not available for download on the web, which is just silly in this day and age; 2) are very poorly edited; they contain syntax errors and obvious bugs.
So poor technical editing, but great content.
A Truly "Robust" Book For Serious Traders June 30, 2003 23 out of 26 found this review helpful
I gave this book the maximum 5 stars because its overall impact on me as a trader was so profound. I would say it catalyzed a revolution in my success rate to such an extent that I now feel capable of making a living at this profession for the first time in my career. Obviously (as the title suggests) the book is primarily about how to use Tradestation software, or more specifically, the programming language that comes with TS known as Easylanguage. Long regarded as an oxymoron by those in the know, 'Easylanguage' is in fact anything but easy...it can be downright daunting at times. But this book really helps to break the ice by enabling dedicated students to get a working feel for the ins and outs of Tradestation and its various idiosyncrasies. Worth the price of the book alone is the chapter about trading strategies (chapter 6), subtitled by the authors "The Big Damn Chapter on Trading Strategies". A word to the wise - the SuperCombo System elucidated in this chapter contains all the elements to propel the reader much closer to that final elusive goal of consistent profitability. Perhaps you will need to modify it a bit here and there to suit your chosen market, but in the final analysis the seed concepts embedded within this single mechanical trading approach are robust and universal enough to grind out real money day in and day out for a long, long time to come. Please don't get me wrong - this is not so much a ready-made formula as it is a theoretical framework which needs to be "fleshed out" through hard work in order to be fully viable. I have always had a great deal of respect for John Hill and George Pruitt, both because of their candor and straightforwardness and because of their willingness to tirelessly follow a lead through to the end in order to discover the truth. "Building Winning Trading Systems with Tradestation" is more than a book about Easylanguage, it is a Magnus Opus of sorts, weaving many different ideas on many different levels in order to reveal a tapestry of trading that borders on something resembling a Rosetta Stone for the aspiring trader. Highly recommended.
