#198: 4 Essential Algo Trading Books for Beginners

Have you ever noticed that a lot of the most successful traders are avid readers?

Books are a great source of ideas and knowledge, but out of the hundreds of trading books available, which ones are even worth reading?

If I was starting algo trading right now, these are the 4 books I would pick, in no specific order. “Long-Term Secrets to Short-Term Trading” – Larry Williams

My favorite trading book of all time
30-years old, but timeless
Concepts still work…with slight modifications
Easy to understand and implement
Wisdom from a trader of superior achievements
MY FAVORITE PART IS: DOW

Get the book on Amazon: https://amzn.to/3Pflfwc

“Building Winning Algorithmic Trading Systems” – Kevin Davey

Highly practical
From a trader with a proven track-record
Easy to understand and implement
Some practical aspects addressed that I haven’t seen in other books
MY FAVORITE PART: KEVIN’S JOURNEY

Get the book on Amazon: https://amzn.to/3uBd7fR

“The Evaluation and Optimization of Trading Strategies” – Robert Pardo

From a veteran trader with a proven track
A must-have introduction to robustness
Gave me most of the foundation to understand efficient robustness testing and to start building my own procedures
MY FAVORITE PART: The entire book.

Get the book on Amazon: https://amzn.to/3BkMKyi

“The Breakout Trading Revolution” – Tomas Nesnidal

Proven breakout trading formula, which works on almost any market
Highly practical, easy to implement
Loaded with success stories and real, proven breakout trading results…see what is possible!

Get the book direct: https://thebreakouttradingrevolution.com Watch the replay of the algo trading book review.

Tomas and the Systems On The Road team

Recent Posts

See All

#229: NO FILTER TRADING STRATEGY (So simple!)

#228: BEST TREND INDICATOR #2 (+ free strategy)

#228: Mr. Breakouts' Guide to Limiting Constructs

Get Social With Tom

What others are saying

"Tomas is one of the most creative traders I know. He is able to generate unique trading ideas and elegant solutions to system development challenges."

Andrew Swanscott, BetterSystemTrader.com

"Tomas has been a professional trader for more than a decade and I have had the privilege of monitoring his accounts in action since 2006. His systems are performing as some of the best I have ever monitored and executed. I have been in the trading industry since 2002 and worked with many developers from all over the world. Tomas is definitely the one to consider."

Martin Lembak,

Systems Trading Expert,

MFRM, CAIA

"Tomas is a professional trader, who for the last 10 years has specialized in developing trading systems. We have been tracking his trading systems for about 5 years and they generally show very robust, stable and above average performance. Striker is pleased to work with someone like him - a real professional with enthusiasm and deep knowledge of trading."

William Galwas, President Of Striker Securities, Inc

"Personal consultation with Tom helped me to re-evaluate the complexity of my robustness testing and optimization processes. Plus, it has helped me with a specific plan on how to take things forward. It has given me some great ideas on how to avoid overfitting and make my testing more robust and provided tips on low hanging fruit in terms of the best markets to trade for intraday/short-term breakouts."

Craig Peters,

semi-advanced trader,

United Kingdom

"Tom's approach to Automated Trading Strategies design, tests of robustness and portfolio diversification is really unique. He has been a professional trader for many years and the depth of his understanding of Breakout strategies and Market Internals is hard to find elsewhere."

Antonin Fisher,

Hedge Fund Manager,

Czech Republic