Recently I had the opportunity to read the book “Modeling Trading System Performance” from Howard B. Bandy.
The book is covering topics such as Monte Carlo Simulation, Position Sizing, Risk Management and Statistics. The tag line of the book:
If you have been in the dark about moving from developing trading systems to the business of trading, this book will illuminate the process.
The book isn’t about entries, exits or how to make you rich in no time. Though I like it for multiple reasons. It focus on largely overlooked things such as “trading objectives vs. money management” or “is your system still working or already broken”. The book is hands-on in a sense that you get real advice what to do and how to do it. The Language is precise and right to the point. It’s one of these book that will be in my library for quite some time and getting pulled out for specific questions and advice now and then.
Unfortunately it isn’t available in an e-book version. You can find more information about the book and how to order it here.
– Frank
