I endorse Mr. Reddy's book and would recommend it to any serious market operator that is interested in testing various trading ideas. In particular I think this book will be of tremendous value for new quant students that are looking for examples of how to use market generated data to develop trading strategies. This book does a great job of showing how a quant might approach a market to find that trading edge with positive expectancy. The process of uncovering that edge is easy to follow and clearly presented here.One might point out that since this book was published the strategy has not been working well but that is also a lesson for all speculators. Trading strategies are regularly falling in and out of favor as time passes and thus assumptions need to be continually tested as a result. The real message and value of this book is to show the process of using market generated data to produce tested trading strategies as opposed to trading strictly from "ones gut" or utilizing any of the number of popular market aphorisms such as "buy when there is blood in the streets" to execute.