Joseph Seelentag & Daniel Peleg – The Art of Forex Portfolio
This time I’d like to speak you about an e-book (PDF format) titles “The Art Of Forex Portfolio” that I had the prospect to learn the primary time a couple of yr in the past. The content material now has been up to date and I had the prospect to re-read it currently.
The e-book is kind of a straightforward studying, but additionally very sensible and so I’m positive that these of you that wish to learn to construct a portfolio will certainly discover it very helpful.
The ebook is dividide into just a few chapters (15):
Chapter 1 is an outline of the ebook and presentation of the authors.
Chapter 2 is an introduction to Forex and a briefly to MT4 and ZuluTrade platform.
Chapter three introduces just a few primary ideas like threat/reward and divesification
Chapter Four is devoted to analyzing and classify the diffent buying and selling methods (quick time period, medium-long time period, grid buying and selling and miscellaneous)
Chapter 5 explaing how you can choose the methods to be putted in our portfolio primarily based on the kind of technique, the timeframe that they use and the forex pair that they work on (analyzing a bit of the idea of correlations between them).
Chapter 6 is devoted to the explainantion of the lengthy course of of portfolio testing and otpimization. WIth MT4 issues will not be straightforward as we will’t backtest/optimize EAs on a number of pairs so listed here are additionally defined just a few tips that can be utilized to have then a “global” porfolio evaluation.
Chapter 7 reveals in what MT5 can be higher than MT4 and what we will do with it that we truly can’t with MT4. MT5 infact has a extra superior “portfolio” method.
Chapter eight might be one of a very powerful ones and is devoted to portfolio balancing. It explains how you can management threat and fairness curves in order that our portfolio offers the smoothest attainable fairness line. It’ll additionally analyze the “compatibility” of methods primarily based on the graphical look of their fairness traces. A notice about that: with experiece you’ll study tha the fairness line offers you a LOT of informations concerning the technique behind it. There are “typical” fairness traces which might be strictly associated to methods. And every technique has often a tupical threat profile.
Chapter 9 teaches you how you can run a number of methods collectively by specializing in these which might be the technical issues associated to that (Magic Numbers, settings, profiles, and so forth).
Chapters 10-11-12 swap the eye from the Metatrader platform to the ZuluTrade platform. It is a form of “signal service” that may be managed through internet. They train you how you can handle a ZuluTrade portfolio and describe you some ready-made ones.
Chapter 13 talks about portfolio and account monitoring
Chapters 14-15 shut the e-book speaking about sign companies and conclusions.
The core of the e-book are chapters 4, 5, 6 and eight. Those Four chapters will provide you with many of the informations it’s essential to begin analyzing EAs performances and techniques, beginning making an attempt to place issues collectively (the correct approach) and stability them in order that the end result (the portfolio) offers you a easy fairness line that’s our primary aim.
Most of the steps described within the e-book are those I’m taking in constructing our buying and selling portfolio for 2011
The e-book is just not low-cost ($97) and it’s not a compulsory studying for being a succesful automated dealer, however absolutely will provide you with an excellent beginning background.