Stock Market Edges - Philip Reschke

Stock Market Edges

By Philip Reschke

  • Release Date: 2013-05-16
  • Genre: Investing
  • Size: 53.49 MB
Score: 4.5
4.5
From 7 Ratings

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Description

Improve the precision, accuracy and profitability of your stock market trading strategies by leveraging some of the many market edges that successful traders exploit every day.

Read this book to learn how to:

• Improve the accuracy and profitability of your trading strategies by leveraging statistically proven market edges
• The power of using at least one "set-up" and one "entry signal" when developing trading strategies to tilt the odds in your favor
• Conduct statistical tests to analyze whether your trading ideas has an edge over the overall market
• Avoid some of the many mistakes that beginner traders do, such as not taking trading costs into account when backtesting your strategies

Foreword by Stan Bokov, Chief Operating Officer at MultiCharts.

Every market edge presented in Stock Market Edges is based on comprehensive statistical analyses and has been tested across seven different markets (S&P 500 ETF, NASDAQ 100 ETF, FTSE 100 Index, German Stock Index (DAX), Hang Seng Index, Nikkei 225, and the S&P 500 Index) over a period of more than 14 years.

The tests range from simple moving averages to various chart patterns and indices, namely:

• Short-term highs and short-term lows
• The Relative Strength Index
• Consecutive up days and consecutive down days
• Extreme up days and extreme down days
• Daily up gaps and daily down gaps
• Average Directional Index
• The Volatility Index
• Key reversal bars
• 50- and 200-day moving averages
• Advancing and declining issues

The final chapter lays out a very consistent and profitable sample trading strategy, built entirely on set-ups outlined in the book to prove that the edges actually provide the trader with an advantage.

Contrary to most other trading books, expected slippage and commissions have been deducted from the test results for the S&P 500 ETF and the NASDAQ 100 ETF.

All market edges and trading strategies presented in Stock Market Edges can easily be implemented and executed in trading platforms such as MultiCharts, TradeStation, NinjaTrader and MetaTrader.

Reviews

  • The Best Trading Book I Have Read

    5
    By TBTBIHR
    The book is different from other trading books that I have read. It offers a wealth of insight into what works and what does not. The value provided in this book is absolutely eye-opening and saves traders such as me hundreds of hours testing various ideas for statistical edges. I am very satisfied with what I have gotten out of Stock Market Edges.
  • Great value at a small price

    5
    By JimCanadian
    Once I opened Stock Market Edges, I read it from cover to cover within a few hours. The book presents applicable market edges that will help you improve your automated trading strategies. I am using TradeStation to develop and trade my account and I found it pretty easy to leverage some of the concepts from this book. The book gives you detailed findings on 10 different patterns and indicators and teaches you how to use them to your advantage. Not all indicators and patterns work equally well across all markets and the fact that the author does not try hide this or promise you the moon just adds more credibility to the book. I have already recommended this book to some of my trader friends.

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