Alexander Elder Books


 

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Alexander Elder covers topics including traders psychology, market psychology, computerised systems for technical analysis, trading systems and risk management. Dr Elder also runs a web site here.

He introduces some trading systems which can make a good starting point for a trader. He also has some codes you can use to put his indicators into software packages like Optuma.

The most important thing to remember in my opinion is that it is vital to plot indicators on a chart and see how well those indicators track the market you are looking to trade. It is a mistake to blindly follow any system you have not backtested yourself. Market conditions change and past results may not be repeated in the future.

Originally posted 2017-05-02 15:26:47.