Comparison of trading systems based on technical analysis using real and random data

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F18%3A10241053" target="_blank" >RIV/61989100:27510/18:10241053 - isvavai.cz</a>

Výsledek na webu

<a href="http://ece.mendelu.cz/wcd/w-rek-ece/ece2018_fin.pdf" target="_blank" >http://ece.mendelu.cz/wcd/w-rek-ece/ece2018_fin.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Comparison of trading systems based on technical analysis using real and random data

Popis výsledku v původním jazyce

With growing digitization, not only in the financial markets, technical indicators are more accessible to more and more traders. In addition, the ever-shortening investment horizon often leads to a shift away from fundamental analysis and emphasizes the use of technical analysis. Currently, there is still discussion on the effectiveness of technical analysis in contrast to the validity of effective market theory. While practitioners compose, most trading systems just based on technical indicators and price action, the academic community is increasingly inclined to the theory of random asset development. The aim of the paper is to analyse the differences the effectiveness of technical analysis indicators of real assets with the application of the same indicators to randomly generated values. The CFD derivatives are used for the application, namely currency pair, exchange index and cryptocurrency. Random values are then generated. The output of the article is to evaluate the performance of trading systems based on selected indicators of technical analysis by comparing real asset data and randomly generated data.

Název v anglickém jazyce

Comparison of trading systems based on technical analysis using real and random data

Popis výsledku anglicky

With growing digitization, not only in the financial markets, technical indicators are more accessible to more and more traders. In addition, the ever-shortening investment horizon often leads to a shift away from fundamental analysis and emphasizes the use of technical analysis. Currently, there is still discussion on the effectiveness of technical analysis in contrast to the validity of effective market theory. While practitioners compose, most trading systems just based on technical indicators and price action, the academic community is increasingly inclined to the theory of random asset development. The aim of the paper is to analyse the differences the effectiveness of technical analysis indicators of real assets with the application of the same indicators to randomly generated values. The CFD derivatives are used for the application, namely currency pair, exchange index and cryptocurrency. Random values are then generated. The output of the article is to evaluate the performance of trading systems based on selected indicators of technical analysis by comparing real asset data and randomly generated data.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Enterprise and Competitive Environment : 21st annual international conference : conference proceedings : March 22-23, 2018, Mendel University in Brno, Czech Republic

ISBN

978-80-7509-561-9

ISSN

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e-ISSN

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Počet stran výsledku

11

Strana od-do

310-320

Název nakladatele

Mendelova univerzita v Brně

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

22. 3. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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