This book really caught my mind when I flip over the few pages. The author did so well to provide readers (traders) with some precise, illustrative and great ideas. Furthermore, all thoughts are fully backed up by research and references. In short, I would say this is a real encyclopaedia reference for trading systems.
In fact, this book brought back a lot of my memories in exploring mechanical trading systems for the past 20 years. I was brought up with mechanical thinking even though I studied sciences throughout my learning time. But, my background and my humbleness lead me to believe that I am not smart enough to be the trading master. As such, I humbly believe that mechanical system with rigid rules suits my character. Hence, the more I read this book, the more it goes back to my memories of back testing. Those days, we are not so fortunate to fully equipped with great computer stuff like what algorithm players do these days. But, this book itself tells the whole story. There is simply no hundred percent robust systems. It is about money management and the volatility calculation to equalize risk that enable thousands of traders to survive in long run.
One small flaw though... In my humble opinion, this book is too complicated to beginners. This is more a book for those who understand certain levels of trading systems. In fact, it is a good refresher for someone like me. I admit that most systems discussed were fully tested by me in the past. However, to revise it... certainly sparks more new ideas for me and it helps to further improve my current systems.
With the small flaw, I am going to rate this book at 9/10. The author did a fantastic book and this book is a must have for all traders.
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