Portfolio of Trading Systems: Path of Least Resistance to Consistent Profitability
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About this ebook
Teguh Pranoto Chen
Upon graduation, Teguh Pranoto Chen traded an opportunity of a lifetime to join one of the most respected investment banks in the world with assignments in New York, London, and Tokyo to surf in Hawaii. Returning to Asia, he started his career with P&G in Jakarta. Not long, he skipped an offer to join a top twenty PhD program in the United States. His assignments with P&G included shutting down manufacturing sites, delisting a publicly listed company, integrating new businesses, and streamlining operations while building successful businesses across Asia. Along the way, he bagged multiple awards and recognitions. After which, he joined a privately funded start-up to build an integrated coal mining project with a three-hundred-kilometer railway behind access to the second largest coal mine in Indonesia. Currently with Publicis, one of the largest advertising holding companies, he embarks on a new challenge to build integrated digital businesses across Asia. He lives in Singapore with his beloved wife, two beautiful children, and their little dog. While not attending his day jobs, he dedicates his time for his passion in trading.
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Portfolio of Trading Systems - Teguh Pranoto Chen
Copyright © 2014 by Teguh Pranoto Chen.
Designs and illustrations © 2014 by Teguh Pranoto Chen
ISBN: Softcover 978-1-4828-2836-8
eBook 978-1-4828-2837-5
All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews.
Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.
Toll Free 800 101 2657 (Singapore)
Toll Free 1 800 81 7340 (Malaysia)
www.partridgepublishing.com/singapore
CONTENTS
Disclaimer
Praise For This Book
About The Author
Chapter 1 Great Traders Are Not Born; They Are Made
Chapter 2 Speculation—A Risky Business?
Chapter 3 About Technical Analysis
Chapter 4 What Is A Trading System?
Chapter 5 Key Success Factors
Chapter 6 The Game Plan
Chapter 7 Pillars Of A Trading System
Chapter 8 Optimization
Chapter 9 Tools Of The Trade
Chapter 10 Evaluating A Trading System
Chapter 11 Managing Risk
Chapter 12 Portfolio Of Trading Systems
Appendix 1 References
Appendix 2 Definitions From Multicharts
Appendix 3 Futures From Premium Data
Appendix 4 Links
DISCLAIMER
Futures, forex, and options trading have large potential rewards but also large potential risks. You must be aware of the risks and be willing to accept them in order to invest in these markets. You should not trade with money you cannot afford to lose. This book is neither a solicitation nor an offer to buy/sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this book. The past performance of any trading system or methodology is not necessarily indicative of future results. This book is for informational purposes only.
PRAISE FOR THIS BOOK
If you want to learn more about trading systems, Teguh’s book is a very good investment. He covers the full spectrum of systematic trading, from system design to money management. The trading business can be very difficult, but Teguh’s book will reduce the learning curve considerably. Plus, Teguh is a trader himself and believes in the systematic approach. The book also touches on sophisticated topics, such as Monte Carlo simulation and optimization. In the end, the book shows the true benefit of combining noncorrelated algorithms to increase profits and reduce drawdown.
~ George Pruitt, Author of The Ultimate Trading Guide
and Building Winning Trading Systems with TradeStation
An enjoyable read. Teguh gives well-considered insight into the foundations required to embark upon a successful trading career.
~ Trent Donovan, Broker
Teguh has crystallized his many years of trading experience into a few simple rules in this must-read book. I highly recommend it to those who want to succeed in a trading career.
~ Wang Tao, President, Technical Analysts Society (Singapore)
Mechanical trading is a complex topic and there are few book in existing literature that explain it simply and accurately for the newbie. Teguh has risen nicely