Jack Schwager’s Guide To Winning With Automated Trading Systems. Course Manual

Jack Schwager’s Guide to Winning with Automated Trading Systems Course Manual Jack Schwager An Overview of Trading Systems And Why You Should Use Them 2 The Most Important Lesson of the Market Wizards Benefits of a Mechanical Trading System Six basic advantages of trading systems: Eliminates emotion ● Eliminates need for constant decision making ● Ensures consistency of approach ● Risk control ● Same approach can be applied to many markets ● Approach can be tested for statistical reliability ● 4 Defining and Illustrating the Leading Types of Trading Systems 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 An Alternative Approach Counter-Trend Systems 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 Taking Advantage of Charts by Using Pattern Systems 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95