Cybernetic Trading Strategies

Описание

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Library of Congress Cataloging-in-P~bficatian Data:
Ruggiero, Murray A., 1963-
Cybernetic trading strategies : developing a profitable trading
sysfem with state-of-the-art technologies/by Murray A. Ruggiero,
P. cm. -(Wiley trading advantage)
Includes index.
ISBN O-471-14920-9 (cloth : alk. paper)
1. Investment analysis. 2. Electronic trading of securities.
I. Title. II. Series.
HG4529.RS4 1997
332.6’0285-dc2l 96.53326
Printed in the United States of America.
1098765432
Foreword
As we approach the end of one millennium and the beginning of another,
computers have changed the way we think and act. In the field of financial market analysis, the changes have been nothing short of revolutionary. Some of us remember when analysts charted the performance of
markets without the aid of computers. Believe me, it was slow and M) fun
at all. We spent hours constructing the charts before even getting to the
fun part-analyzing them. The idea of experimenting with indicators and
optimizing them was still decades away.
The computer has removed the drudgery of market analysis. Any investor can buy a computer and some inexpensive software and, in no time
at all, have as much data at his or her fingertips as most professional
money managers. Any and all markets can be charted, manipulated, overlaid on one another, measured against one another, and so on. In other
words, we can do pretty much anything we want to with a few keystrokes.
The popularity of computers has also fostered a growing interest in technical market analysis. This visual form of analysis lends itself beautifully to the computer revolution, which thrives on graphics.
Up to now, however, the computer has been used primarily as a datagathering and charting machine. It enables us to collect large amounts of
Mr. Murphy is CNBC’s technical analyst, and author of Technical Analysis of the Futures
Markets and Inremarker Technical Analysis. His latest book, The Visual Investor (Wiley,
1996). applies charting techniques to sector analysis and mutual fund investing.

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