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e-Book Rocket Science for Traders: Digital Signal Processing Applications download

e-Book Rocket Science for Traders: Digital Signal Processing Applications download

by John F. Ehlers

ISBN: 0471405671
ISBN13: 978-0471405672
Language: English
Publisher: Wiley; 1st edition (July 20, 2001)
Pages: 264
Category: Hardware and DIY
Subategory: Technologies

ePub size: 1478 kb
Fb2 size: 1858 kb
DJVU size: 1701 kb
Rating: 4.6
Votes: 333
Other Formats: txt azw docx lit

Author John Ehlers sums up his book perfectly in saying, "Truth and science triumph over ignorance and superstition. Rocket Science for Traders adapts digital signal processing techniques from the physical sciences for use in the field of trading.

Author John Ehlers sums up his book perfectly in saying, "Truth and science triumph over ignorance and superstition. This thorough guide develops unique indicators to view the market from a new perspective and will help you expand the use of traditional indicators to achieve more precise computations

Rocket sciencefor traders :digital signal processing applications/ John . hlers. Rocket Science for Traders promises to revolutionize the art of trading by introducing modern digital signal processingto the playing field. The application of digital signal processing offers

Rocket sciencefor traders :digital signal processing applications/ John . p. c. (Wiley trading) ISBN 0-471-40567-1(cloth:alk. 1. Investment l models. The application of digital signal processing offers.

This book gives a completely new view about the market.

I've read lots of books on trading, all of them using the balance between the bulls and the bears, their psicology, who's stronger and how this affects the market. Some of these books are absolutely genial. This book gives a completely new view about the market. At least new to me. Interpreting the market as a signal (just as if it were radio signal, or whatever) and processing the results gives surprising results. In some cases these results are not very different from the traditional indicators, but in others results are incredible.

Author John Ehlers sums up his book perfectly in saying, "Truth andscience triumph over ignorance and superstition. Rocket Sciencefor Traders adapts digital signal processing techniques from thephysical sciences for use in the field of trading. This thoroughguide develops unique indicators to view the market from a newperspective and will help you expand the use of s to achieve more precise computations

Rocket Science for Traders book. Goodreads helps you keep track of books you want to read. Start by marking Rocket Science for Traders: Digital Signal Processing Applications as Want to Read: Want to Read saving.

Rocket Science for Traders book. Start by marking Rocket Science for Traders: Digital Signal Processing Applications as Want to Read: Want to Read savin. ant to Read.

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Rocket science for traders: Digital Signal Processing Applications (John F. Ehlers). 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63. 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126.

Автор: John F. Ehlers Название: Rocket Science for Traders: Digital Signal Processing .

In Trading with Signal Analysis, noted technical analyst John Ehlers applies his engineering expertise to develop techniques that predict the future more accurately in these times that are otherwise so difficult to trade.

Predict the future more accurately in today's difficult trading times The Holy Grail of trading is knowing what the markets will do next. Technical analysis is the art of predicting the market based on tested systems. Some systems work well when markets are "trending," and some work well when they are "cycling," going neither up nor down, but sideways

Как крупные игроки разворачивают рынок в тренд. Смотрите урок! Брокерские услуги · Выбор брокера · Прогноз цены · Ошибки трейдеров · Как ловят толпу · 18+ · Содействие в подборе финансовых услуг/организа.

Как крупные игроки разворачивают рынок в тренд. Смотрите урок! Брокерские услуги · Выбор брокера · Прогноз цены · Ошибки трейдеров · Как ловят толпу · 18+ · Содействие в подборе финансовых услуг/организаций

Predict the future more accurately in today's difficult tradingtimesThe Holy Grail of trading is knowing what the markets will do next.Technical analysis is the art of predicting the market based ontested systems. Some systems work well when markets are "trending,"and some work well when they are "cycling," going neither up nordown, but sideways. In Trading with Signal Analysis, notedtechnical analyst John Ehlers applies his engineering expertise todevelop techniques that predict the future more accurately in thesetimes that are otherwise so difficult to trade. Since cycles andtrends exist in every time horizon, these methods are useful evenin the strongest bull--or bear--market.John F. Ehlers (Goleta, CA) speaks internationally on the subjectof cycles in the market and has expanded the scope of hiscontributions to technical analysis through the application ofscientific digital signal processing techniques.
Comments:
Leceri
The contents were too deep for me. I observed the book was well written and presented the
covered material in great detail. It's an excellent read for the right market technician.

Minnai
Very good and highly useful equations applying signal theory to financial time series.

Monn
Whoever reads the reviews for this book will note the polarity: people either think it's wonderful or it's horrid. I'll try to give a more balanced review here.
* This book is for the mathematically/analytically inclined. If you don't consider yourself in this category, I would not suggest this book. At the VERY least you should have a solid background in trigonometry.
* This book is exactly what is says: Digital-Signal Processing (DSP) applied to stock trading. I myself am an Electrical Engineer who's day-job consists of about 90% DSP-work / 10% other tasks. For this reason, I believe I can fairly say that the DSP concepts presented are done so in a fairly clear and fairly accurate manner (this varies from time-to-time).
* Most of the concepts presented in Ehlers' book would be what I consider "traditional" DSP. There is a problem here (that is almost completely overlooked in the book): "Traditional" DSP is based on a series of assumptions that must be at least approximately fulfilled. Recent academic research has tended to show that stock-market "signals" tend NOT to fulfill these assumptions very well. In some ways, this puts a significant dent (in my view) in the theory used as the basis for the indicators derived.
* The attention to detail at times is very obtrusive to a reader with a keen eye and understanding of what is being described. For example: there is (what I consider to be) a glaring error in the MAMA filter that no one has ever pointed out and that is not corrected on his website. How has this escaped notice for so long? [Side note: be careful about his claim that MAMA's avoid whipsaws - they DON'T at all in ranging markets!]
* Two mechanical systems are described in detail in the book: the SineTrend Automatic System and the ZeroLag Intraday System. I have EXTENSIVELY tested both systems, exactly as described in the book, on a very-wide range of stocks, commodities, and currencies. These simulations were carried out using a test suite I had developed for my own use to simulate trading conditions as realistically as possible. This includes conservative, but realistic allowances for slippage, commissions ($15 round-turn), and signal reaction.
Ehlers results for the SineTrend Automatic System grab your attention in the book (greater than $100,000). However, no initial investment is listed in the book and one should be careful to note that these results are over a 15 year period. Assuming a $10000 initial investment (though this isn't specified in the book), this is a 17% annual return. Not bad, not great.
The REAL problem here is that a more realistic simulation shows that one is hard-pressed to show ANY profit on ANY type of stock/commodity/currency. I've tried the system (unaltered) on dozens of instruments, with a couple rather moderate successes and the rest losing money terribly, even with reasonable stop losses and money management.
* Almost (if not all) of Ehler's graphs in his book are from the same time series: specifically the US96H (March 1996 Treasury Bond contracts). I HAVE been able to reproduce all of the graphs in his book using the indicators: so there is no falsification in them, as implied in other reviews. However, the time period under consideration shows a series with nearly ideal characteristics for Ehlers systems, while almost all other series I've tested his indicators and systems on do not exhibit the same performance.
* MOST ALL of the information presented in his book is available for FREE download on his website as Word DOCs. There is also a lot of other papers he has written available on the site.
* Ehlers is doing what I think needs to be done in the trading industry: trying new techniques and methods. He has a good grasp of the electrical-engineering concepts and how to apply them to trading, but the results presented in his book are NOT indicative of TYPICAL results of the performance of his systems. The ideas and the theory behind them are, generally, good, though he is a bit prone in parts to handwaving and glossing-over of some obvious pitfalls (obvious, at least, to another electrical engineer).
* For the mathematically-inclined who enjoy working on their own ideas and own systems, this book could give you a lot of insight into technical trading and provide some good jumping-off points to developing systems that are TRULY profitable. I have yet to see (or develop) one that I would be willing to risk real money on and I would caution readers from thinking that either of the two systems presented will provide the type of profits described in the book.
To all others (probably the vast majority of those interested in this book!) I would say be very careful before spending your money on this. There is no reliably turn-key system provided in this book, even though there are two that are purported to be such.

Nakora
Fine book for what it is, but this is just not the right technique for systematic trading because the models proposed are misspecified for the signal over the time series (as another reviewer pointed out, price time series do not conform to the conditions of electrical and telecommunications signals).

Still, many of the skills needed to isolate real signals and deploy real strategies are built through exercising with these methods, so all is not lost if you wade through this, deploy something, and come back with knowledge but little cash.

Who is the book not for: phynance-lite Excel-based users.

Who is the book for? Do you use Matlab or Mathematica or Maple? Do you know what an Active X link is for data feeds? Do you look at the tick data of the currency and swaps market and see gold? Are you laughing at me because these questions are inefficient baby-level stuff? (Hint: you've outgrown this book).

Zahisan
In this day and age of readily available information, super computers and advances in computational tools, the markets are becoming extremely efficient. If a trader or investor wants to keep pace or even "beat the market", he must become more sophisticated. Rocket Science for Traders offers traders the tools necessary to survive in the equity and commodity markets.
The math and accompanying monologue may be difficult but the premise is simple. If the markets are somewhat inefficient then past prices contain information that is exploitable by the trader. But the past prices will also contain unwanted "noise". John Ehlers book provides the tools necessary to eliminate the noise offering traders a clearer picture of where the markets are heading. If someone understands this they can skip the math and derivations and simply copy the code into TradeStation and immediately use the indicators and systems. Or, better yet, use the indicators and cycle length measurements as inputs into other systems and indicators making them truly adaptive and powerful.
I agree with the reviewer who said to "keep it simple." However, we should remember Einstein's recommendation that a model should be "as simple as possible, but not simpler." This book offers traders the ability to use state of the art signal extraction in their simple models. Anyone that develops his or her own trading strategies based on technical analysis must have and USE this book.

Malalanim
John Ehlers has taken important steps in expanding fully mechanical techanical systems. This book is written at several levels, with my appreciation growing each time I go back to get more details in my system development. His book is a great reference to developing indicators and systems that complement your own trading style. As I firmly believe that a trader has to develop a system that he understands and has confidence in, the adaptive philosophy embodied by his systems are necessary in todays constantly changing environment. This book is essential for those involved in system development of their own.

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