Topics on Automated FX Trading Systems

Topic 1. Three good books



Here are three good books for the developers and fans of automated trading strategies.



1. Building Reliable Trading Systems

by Keith Fitschen, 2013



Introduces ideas on money management and position sizing for different markets.

Details exactly what it takes to build, test, and implement tradable strategies.



2. The Evaluation and Optimization of Trading Strategies

by Robert Pardo, 2008



Introduces a way to develop, optimize and verify trading strategies, from the

design of workable trading strategies to measuring issues like profit and risk

including a useful technique "Walk-Forward Analysis".



3. Algorithmic Trading: Winning Strategies and Their Rationale

by Ernie Chan, 2013



Uses an excellent selection of mean reversion and momentum strategies to explain

the rationale behind each strategy, shows how to test it, improve it, and discusses

implementation issues.