DESIGN, TESTING AND OPTIMIZATION OF TRADING SYSTEMS
John Wiley & Sons
605 Third Avenue
New York, NY 10158
Author: Robert Pardo
1992, 164 pages
As computers get faster and more powerful, many traders are able to surge on to advanced trading
systems, which until only recently were in the exclusive domain of professionals with access to
mainframes. But having tomorrow's hardware is no guarantee of trading successfully.
The facts are clear. First, the vast majority of trading system buyers strive to do as little work as
possible and yet expect the most profitable results. When those results are not quickly forthcoming, they
blame the system. Many good systems are available but there are few traders willing to do the intensive
work needed to make those systems effective in real-time trading.