Description
Capstone Trading Systems Algorithmic Trading System | 339 MB
Algorithmic Trading Systems: Advanced Gap Strategies for the Futures Markets by David Bean is a deep dive into the intricacies of algorithmic trading, specifically tailored for traders who are looking to gain an advantage in the highly competitive futures markets. This book provides an in-depth look at what happens behind the scenes on Wall Street, revealing strategies that have been back-tested and proven effective across multiple markets. With a focus on giving traders the tools and insights necessary to succeed, David Bean’s work is both a guide and a challenge to traditional trading wisdom.
Uncovering Wall Street’s Secrets
Wall Street is synonymous with wealth and success, yet many individual traders struggle to achieve the same level of profitability. What sets successful firms apart is the strategic approach they bring to the markets. This book addresses the crucial question: What do major Wall Street firms know that you don’t? The answer lies in having a structured, algorithmic plan—something that many traders overlook. Without a precise, tested strategy, trading becomes a gamble rather than a calculated endeavor.
Algorithmic Trading Systems bridges this gap by offering a collection of tested systems that help traders develop a strategic edge. It provides the tools and knowledge needed to level the playing field and take advantage of the wealth opportunities available in the futures markets.
Comprehensive Learning and Practical Application
David Bean’s approach is hands-on and practical, designed to help traders at any experience level. The book covers a variety of strategies that have been successful across multiple futures markets. Readers will learn to navigate and trade in diverse environments, including:
- E-mini S&P
- Crude Oil
- Euro Currency
- DAX
These strategies are backed by open-source code, allowing traders to see exactly how the algorithms work. The book includes coding logic for both NinjaTrader’s C# and Tradestation’s EasyLanguage, providing flexibility for those using different platforms. By giving access to this open code, Bean ensures that traders have the opportunity to understand and modify the systems to suit their own trading styles and objectives.
Detailed Instructional Support
The book doesn’t stop at providing strategies—it offers over 40 instructional videos that break down trading system principles and coding practices. These resources are designed to build confidence in traders, ensuring they grasp the core concepts and mechanics of the algorithms. Whether you’re an experienced coder or a beginner, these videos provide a step-by-step guide that complements the written content.
Advanced Trading Strategies: Gaps and Beyond
One of the core focuses of the book is trading gaps. Gaps occur when the market opens significantly higher or lower than the previous day’s close, creating opportunities for traders. Bean delves into advanced strategies for trading these gaps, especially those that have already been filled. Understanding how to react when the market returns to fill a gap can be a highly effective trading strategy, and the book explains multiple exit strategies and trend-filtering techniques to optimize trades.
For traders operating in 24-hour markets, Bean provides additional setups and methods tailored to this environment. He introduces a new pattern in Chapter 4, which focuses specifically on trading gaps after they have been filled, providing traders with another tool in their trading arsenal.
Challenging Wall Street’s “Truths”
Beyond strategies and technical guidance, Algorithmic Trading Systems takes a critical look at some of the long-held “truths” in trading that often favor brokers rather than traders themselves. The book challenges clichés like:
- “You can’t go broke taking profits.”
- “Don’t let a winning trade turn into a losing trade.”
Bean argues that these sayings can be misleading and, when applied without consideration, may actually harm a trader’s performance. By reevaluating these principles, traders can develop a more flexible and effective approach to their trading plans, maximizing profitability while managing risk.
Hands-On and Practical: A Continuation of Proven Techniques
Building on his previous work, Seven Trading Systems for the S&P Futures, published in 2010, Bean expands his teachings to cover additional markets and setups. The book continues the journey by exploring market behaviors and patterns, especially as they relate to gap trading. The aim is to give traders actionable strategies that can be implemented immediately and adapted to various trading scenarios. By combining theoretical knowledge with practical coding examples and instructional videos, Bean ensures that readers gain not just the “what” but also the “how.”
An Educational Investment in Trading Mastery
Algorithmic Trading Systems is not just a book; it’s an educational package that equips traders with the skills needed to compete with the best in the market. Whether you’re an experienced trader looking to refine your strategies or a newcomer seeking to build a strong foundation, this resource offers a wealth of knowledge. The open-code examples, the 40+ instructional videos, and the step-by-step explanations of complex strategies provide a well-rounded, comprehensive learning experience.
For more information and access to these advanced trading techniques, visit:
Algorithmic Trading Systems
By following the guidance and strategies outlined in this book, traders have the opportunity to gain a competitive edge, uncover the truth behind Wall Street’s success, and potentially achieve greater profitability in the futures markets.
