The Ultimate Trading Guide

Since this book is written by someone who has reviewed hundreds (if not thousands) of trading systems, this book contains a lot of good, solid ideas about developing and trading robust trading systems. The fact that the author includes programming code for five core systems is a definite plus as well. For these reasons, I recommend this book to anyone seeking to develop and trading mechanical trading systems. You will definitely get your money's worth.That being said, the writing in this book is bad and looks like it was slapped together. The discussion of a particular trading concept will shift from anecdote to statistic to general rule without rhyme or reason. There are a lot of typos, and some of the performance tables contain obvious errors (for example, the net profit divided by the number of trades doesn't come anywhere near to the average profit per trade). At one point, the authors say that they include the code for one of the systems discussed, and then don't include it. What the heck is going on? It's unforced errors like these which make me give it only three stars. And, of course, the goofy title.You will find many gems from reading this book, but you'll have to sift through a lot of errors and bad writing in order to get to them.

Price action in all its forms. Prepare to be amazed at how fundamental these principles are to giving you every confidence in trading simply and accurately.

I would normally give this only 4 stars but people have been giving Mike Covells poor book on trend following 5 stars (I would give it 1) so Hill gets 5.This is a good review of a range of approaches to the market. It also gives you (free) a number of workable systems that you would pay a lot for elsewhere. If you email them with questions they will also answer.Their work on Commoditity Channel Index is limited but so what. I use CCI possibly in the same way that Howdy does but I dont find that missing one (of so many) ways to make or lose money in the markets is much of an issue. There are lots of great strategies in here ... look up Woodies Club on the net if you want a CCI based one as well.Good book John.

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I have read The Ultimate Trading Guide by John Hill, George Pruitt and Lundy Hill with much pleasure. It is one of the best books I have read on the subject. It is clearly written and gives you the tools to design trading systems. It also is realistic and does not promise you The Holy Grail. I have learned a lot from it.

PERFECT CONDITION

No news here. these guys are purely technical. Hill, Lundy and Hill have written their book from years of experience with mechanical trading systems that have made them highly regarded experts. In black and white, what works and what doesn't, will be made clear to the reader from the knowledge of its authors.It is estimated that 80% of the 30 billion dollars in the managed futures industry is traded by systematic methods. It is also estimated that 80% of the traders lose money. This book was written to allow traders to recognize and exploit an edge in the markets. Examples in both the futures and securities are made to prove the authors' point.In the beginning, there is the almighty bar chart and a whole chapter devoted to its proper interpretation. According to these guys, all you need to know is in the charts and nowhere else. And with those bar charts a very simple and complete take on the Elliot Wave Theory will demystify even the most obtuse of the technically impaired. Walk-through examples of trading styles and applications of chart patterns are engaging and relevant to all kinds of markets.The book contains an introduction to mechanical trading systems. Tips on what to look for and where not to look for a system will be very valuable to the inexperienced. Advice on hardware, software, data and testing are also covered, making it a worthy read for anyone interested in mechanical trading.The authors bring precious bits of wisdom with their experience. Though systems are mechanical in design, the mental toughness required to achieve success is important, and much can be learned from the experienced. Make no mistake, this book is not about easy money, but about the reality of achieving success. As the authors put it:"There is a giant chasm between knowledge and a successful trader. Few of us are able to make the leap, and those that do must be on the alert or they will fall back into the abyss."

12 out of 10. But not for everyone. The book is designed to help ~you~ develop a trading system, it does not hand one out to you on a platter. Actually it does serve up many, many, many different systems, tests them, explains them in extreme detail to the point that you could computerise them (if you have that skill) however you won't find any of them work wonders.If however you are very skilled you will get a lot of inspiration from this book. For example, if you are already very advanced, and have developed your own systems either in your head or on computer.If you are a beginner / novice you might be completely overwhelmed.Read the other reader reviews and you'll see generally those who are experienced loved it, those new to trading wanting easy answers hated it / disappointed.It is one of the few books I am reluctant to promote because I don't want the secrets in it to get out - ha! oh well hopefully most people won't get it.

Please don't buy this, the "market" is now dominated by machines not humans and they react and cancel orders before you can even get to see the order!