For more than two decades, futures traders have turned to the classic Trading Systems and Methods for complete information about the latest, most successful indicators, programs, algorithms, and systems. Perry Kaufman, a leading futures expert highly respected for his years of experience in research and trading, has thoroughly updated his bestselling guide, adding more systems, more methods, and extensive risk analysis to keep this the most comprehensive and instructional book on trading systems today. This detailed, hands-on manual offers a complete analysis, using a systematic approach with in-depth explanations of each technique. This Fourth Edition also provides readers with a CD-ROM that contains the TradeStation EasyLanguage program, Excel spreadsheets, and Fortran programs that appear in the book.

PRAISE FOR NEW TRADING SYSTEMS AND METHODS FOURTH EDITION

"Probably the most comprehensive guide to trading systems ever written from one of the foremost experts in the field. This is an invaluable reference work for anyone with an interest in trading systems."

— Jack D. Schwager, author of The New Market Wizards and the Schwager on Futures book series

"In trading, timing is everything, and now is the time to read this excellent and easy- to-follow book on technical trading systems by Perry Kaufman. He shares his trading tips, insights, and sound advice. He takes you from his rules on price to the recognition of trends and the importance of breakouts. Enjoy this book and find out why trading systems work and which ones work the best."

— Ralph J. Acampora, CMT, Director of Technical Research, Prudential Securities, Inc.

"Investors and traders who have been battered by the markets in recent years may find themselves saying, 'There must be a better way.' There is: systematic trading. In this timely book, Perry Kaufman provides an excellent introduction to the world of systematic trading, where rules— not emotions— rule."

— John Bollinger, CFA, CMT, founder, www.bollingerbands.com

"An updated version of the original and masterful 'how to' book that provides an in-depth analysis of trading techniques.The entire process for designing, developing, and testing trading strategies is put into a cohesive framework."

— David Krell, President and CEO, International Securities Exchange, Inc., New York

"This new edition of New Trading Systems and Methods is a unique source of knowledge and experience for all those seeking to apply a moresystematic approach to the markets.From traditional trading methodologies to lesser-known techniques like genetic algorithms or fuzzy logic, all are treated in a very practical way. It's full of practical ideas and examples to start testing right away."

— Jorge Bolivar, founder of Expert Timing Systems Intl. and TechRules.com, Madrid, Spain

"Perry Kaufman's New Trading Systems and Methods, Fourth Edition, is a must-read for any student of technical analysis. The book is a veritable encyclopedia of the mechanics of sophisticated trading systems by one of the most knowledgeable experts in the industry. Highly recommended."

— Kenneth G. Tropin, Chairman, Graham Capital Management, LP