Quantitative Trading Systems

This website is the home for the book,
Quantitative Trading Systems,
by Dr. Howard Bandy

The book discusses topics related to the design, testing, and validation of trading systems.
The main focus is to raise confidence that the trading system you develop will be profitable when traded with real money.
Some of the key topics are: defining an objective function, using in-sample data for system development, using out-of-sample data for system testing, using walk forward analysis to learn what to expect, determining whether the system is broken.
The book includes over 80 program listings, ready to run using AmiBroker, that illustrate the topics being discussed.

Several sections of the book, exactly as they appear in the book in print, have been posted on this web site in pdf format. You can view them using the Book menu.
The Contents and Preface sections will give a good idea of what the book is about, and whether it is what you are looking for.
The two chapters are typical of the approach taken throughout the book — some discussion of ideas, followed by some AFL code.
The books are in inventory and are being shipped as ordered — normally within two business days.

You can order the book using one of the "Buy Now" buttons below

The six buttons differ in the shipping -- the book is the same on all of them.
  • The book is priced at $49.95. That includes shipping within the US via USPS Media Mail. Media Mail sometimes takes over two weeks to arrive, and may be particularly slow during the holiday period.
  • Priority Mail within the US (2 to 3 business days) is an additional $3.95, for a total of $53.90.
  • Express Mail within the US (overnight to 2 business days) is an additional $15.95, for a total of $65.90.
  • Priority Mail International to Canada or Mexico (10 to 15 business days) an additional $12.95, for a total of $62.90.
  • Priority Mail International anywhere overseas (6 to 10 business days -- longer in some countries) an additional $14.95, for a total of $64.90.
  • Express Mail International to any destination overseas (5 business days) an additional $29.95, for a total of $79.90.
Our experience tells us that the delivery times listed are accurate for developed countries with benign customs practices. Once the package arrives in the destination country, that country's customs and postal service affect the delivery time. Deliveries to addresses in India are being reported back to us as taking a month or more.
The US Post Office is raising postage rates on May 12, 2008. We will be absorbing these increases and not passing them on to our customers.
This button is for $49.95 for delivery in the United States, including shipment using USPS Media Mail.
This button is for $53.90 for delivery in the United States, including shipment using USPS Priority Mail.
This button is for $65.90 for delivery in the United States, including shipment using USPS Express Mail.
This button is for $62.90 for delivery in Canada or Mexico, including shipment using Priority Mail International.
This button is for $64.90 for delivery overseas, including shipment using Priority Mail International.
This button is for $79.90 for delivery overseas, including shipment using Express Mail International.
Orders placed using the PayPal buttons will be shipped as soon as possible — usually the business day after the order is received.

If PayPal does not work for you, you may order by mailing a check to us. Make the check out and mail it to:
Blue Owl Press
3700 S. Westport Avenue, #1876
Sioux Falls, SD 57106

Ordering by mailing a check will delay receipt of your book by about two weeks.
When ordering by mail, please include your email address so that we can send you a confirmation of your order and shipping date.
It is too late for changes to this edition, but constructive comments and suggestions for additions for the next edition will be welcome.

Please contact us at: