Algorithmic Trading: Winning Strategies and Their Rationale
“Algorithmic Trading: Winning Strategies and Their Rationale” by Ernie Chan is a highly regarded book that provides a comprehensive overview of algorithmic trading strategies and the underlying principles that drive them.
Ernie Chan, a seasoned quantitative trader and financial engineer, combines his practical experience with a deep understanding of quantitative finance to offer valuable insights into the world of algorithmic trading.
Key features and insigths
Strategy Development — The book delves into the process of developing algorithmic trading strategies, starting with the fundamental concepts of trading and risk management. Ernie Chan emphasizes the importance of having a clear rationale for each trading strategy, and he guides readers through the steps to create and test these strategies.
Quantitative Analysis — Readers are introduced to quantitative analysis techniques, which are fundamental to understanding the performance and risk characteristics of trading strategies. The book covers various quantitative tools, including statistical analysis, time series analysis, and risk assessment.
Strategy Examples — Ernie Chan provides practical examples of algorithmic trading strategies, giving readers a deeper understanding…
