All Trading Secrets Books

In this book, Joe Krutsinger, author of the Trading Systems Toolkit, and Larry Williams along with 13 other well-known professional traders answer direct questions about the systems they developed to beat the markets. Not mysterious "black box" systems that generate uncheckable buy and sell signals, these actual, coded systemsNwith sample resultsNare included in this book for you to try. Ready to be entered in TradeStation, these programsNand the seminar-leading expertsO adviceNwould cost you many thousands of dollars if purchased separately.

User Reviews about Trading Systems: Secrets of the Masters

The book consists of a series of answers to a questionnaire sent out to many system developers, and literally a line of code devoted to the concepts presented by each interviewee. None of the ideas or answers by themselves will provide you with anything near a complete trading system, making the title misleading. In fairness, it's probably wishful thinking that one could get anything more than a lead out of any book on trading systems.

On the upside, it's been over a decade since the release of the book and a few of the systems have held up and the basic logic behind the systems the interviewees have sold in the past could you on the path to a profitable system.

There are a few noteworthy pieces to the puzzle and words of wisdom that someone can take away from the book:

* Many use similar principles as the core of their system logic - buying higher highs
* Most count winning % as the least important aspect to a trading system, pointing to drawdowns and number of trades as more important metrics
* Several use SP trading systems, and although perhaps due to the date of the book, look at no less than 15 minute bars and most 45 minute bars and higher, saying there is too much noise in 1-5 minute bars
* Many use very few parameters that can be optimized or curve fitted to past data
* The constant refrain is the simpler the better
* They build on the work of others and few are totally unique -- A Few Nuggets, as Long as You Are a Beginning System Developer

Written in pseudo-Market Wizards style.. consists of a questionaire/interview with some of the legends of this most recent generation. There is some bias towards mechanical systems, but the information discussed is beneficial to every trader. This is one of those books that you can pick up a handful (and more) of ideas to try out for yourself. -- Solid

I found Joe's book to be extremely helpful in getting into the minds of some top traders. I have found in my own trading that one good idea can be worth thousands of dollars in profits(or avoided losses for that matter). One of the easiest ways to develop success at anything that you do is to find out what the pro's are doing and then try and copy them. Joe's book sheds light on the processes the pro's use to develop trading systems and will help you on your journey to developing your own successful strategies. Get two copies, one for your library and another for the people that will inevitably ask to borrow yours. -- A great learning aid in trading