Jack Schwager’s Guide to Winning with Automated Trading Systems Course Manual Jack Schwager An Overview of Trading Systems - And Why You Should Use Them 2 The Most Important Lesson of the Market Wizards Benefits of a Mechanical Trading System Six basic advantages of trading systems: l Eliminates emotion l Eliminates need for constant decision making l Ensures consistency of approach l Risk control l Same approach can be applied to many markets l Approach can be tested for statistical reliability 4 Defining and Illustrating the Leading Types of Trading Systems 5 6 7 8 9 10