![]() The chapter also elaborates on discretionary trading, including verification quantification risk and reward performance profile and the extensibility of trading strategy. ![]() With all of the changes in communications, technology, and trading styles, a thorough and comprehensive working knowledge of how to properly design and test strategies has never been more important than. ![]() Those factors along with a consistent set oftrading rules essential to the management of risk and to the creation of trading profit are covered with relevant examples. Robert Pardo âThe Evaluation and Optimization of Trading Strategies'. The factors because of which a properly tested and validated systematic trading strategy helps in the pursuit of trading profit are its verifiability, quantifiability, consistency, objectivity, and extensibility. The benefits of a trading strategy, the historical simulation, and strategy optimization are discussed in detail. This chapter presents the benefits of systematic trading strategy, along with some drawbacks, of trading with a computer-tested automatic trading strategy. A systematic trading strategy means acting methodically according to a fixed plan that is designed to achieve a profitable return by going long or short in markets on organized financial exchanges.
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