Ok... conclusion: Yes, this is really one of those books in the market. The author obviously is promoting something for the readers to buy on after reading this book. The last 42 pages of source codes did enough to prove my point. Well, there is nothing wrong with such intention. After all, the author did not force us to buy his book in the first place, LOL. The best part is... the author is actually promoting something unique... Something that never crossed my mind before. In fact, it is something interesting to ponder about... As such, I ended up not feeling bad even though the 42 pages of codes initially sounded like some kind of rubbish to me, LOL.
So, is there any good point to pick up from this book? Honestly... the answer is yes! This is actually not a bad book for beginners. I believe novices and beginners might find it interesting since it does not involves complexity. In short, it is a book with straight forward points and any readers shall catch up easily.
As for non-beginners; well, this book at least serves as a good book for revision purpose. After all, it is a thin book. Off and on, we need a thin book to refresh what we had learned and what we are practicing at the moment. Topics discussed may sounds familiar. But, familiar stuff does not means it is useless. For example, listed below are some of the very familiar quotes (but still sounds useful to me) :
1. If a trading system is too simple it risks being predictable and may generate too many false signals. If it is too complicated, it risks missing out on profitable opportunities.
2. The reality of market dictates that the exact timing of price swings can be known only after their occurrence and not before. Despite that, trading system developers have attempted to devise indicators, with the intention of predicting the timing of similar events.
3. Some trading systems may exhibit the least variation between historical and actual performance in longer-term trading and the highest variation is in intraday trading.
4. Variation between back-tested and actual performance can be decreased if the system is used in liquid markets.
Of course, I do not agree 100% on this book. For example, I could not accept the risk percentage method although it is very much recommended by the author. My point is simple... the risk should be determined by the market, not by a pre-determined risk level that a player willing to risk. As such, I found myself do not agreed much on the chapter of "Risk & Money Management", be it a Martingale or Anti-Martingale stuff...
Overall, this is a book with strengths and weaknesses. I personally rate it at 5/10 since I think I love certain part; hate certain part and certain part just sounds too simple to me, LOL. Lastly, I would like to repeat what I said above... It is just a thin book. Since it would not take up a lot of time, why not flipping through? Maybe there are some gems along the way? Hmm... LOL
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