You guys can use this thread to discuss the book. I also highly recommend watching the webinars on futures.io (formerly BMT) from Kevin Davey, there are several and they are all fantastic.
I've also invited Kevin back for a new webinar in the coming weeks, and to give away several of his new books (with autographs). Look for a separate thread for that event later.
Due to my background and my style of trading i own all relevant book's about that topic. I'm very glad that our friend Kevin has made a lot of efforts to make that book happen. I'm not an author myself but i know from other friends that it is an really huge task and often it turns into a nightmare.
Thanks Kevin i will buy one (unseen) if available here in Germany!
The book is a good read and very honest. If you think about buying a signal anywhere, read the book first and then think again. Coming up with a signal you can trade is hard work and not a quick road to riches.
I can definitely recommend it and even advanced system developers might be able to pick up a thing or two. Of course there is only so much you can put into a book, but @kevinkdog does a great job going over every aspect of his development process.
Regards,
ABCTG
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I have wondered in the past as to why Kevin is not considered a vendor? Can anyone help me understand the line between being considered a vendor and not one on the forums?
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Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
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Discussed multiple times on futures.io (formerly BMT). There is a bug where Market Wizards do not show their vendor badge. I am not going to fix this bug. See futures.io (formerly BMT) 5.0 thread.
When I became interested in automated trading, this was the first book I read after a couple of ebooks. After Kevin's book, I read five other books on the topic but Kevin's book was the most helpful one to me by far.
Building a picture perfect backtest equity curve is very easy. A trader will probably make many mistakes while creating that. Kevin writes about the possible mistakes and how to prevent them one by one.
If you're just starting to autotrade, some of the concepts might be hard to grasp at first. At least that was the case for me. Some parts weren't clear to me and Kevin sent me further explanations via email.
If you're beginning to autotrade, this book will save you so much money. If you're an experienced trader, I'm quite sure you'll find parts from the book that'll boost your results.
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I have read a lot about the theory of automated trading (entries and exits, money management, Pardo, Stridsman, Fitscher, Tomassini, Putt Book, etc).
Kevin's book is the first one that shows me how to tie everything together to create automated trading systems.
This book helped me to create my first automated trading system in Tradestation.
From the book, I also got the impression of Kevin's honesty, so I decided to take Kevin's webinar as well (since I wanted to go faster). My aim was to get Kevin's 6-month personalized guidance (I am a newbie to Tradestation, and this is my first time into automated trading). For me, it was either spend the money here, or the market will take it anyway.
Well, all I can say is that I am getting great value. Kevin's help is on-time and straight to the point. His knowledge on things has saved me heaps of time and heartache. I feel that I am on the right track.
Anyway, just my review of his book. I highly recommend it if you are ready to walk the talk.
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