dc.description.abstract | This research adopts the mechanized operation carrying on the simulation trading by “the specific range for buy and sell strategy” in Taiwan stock market. It attempts to construct such a trading model, to overcome the general investor’’s psycho-behavioral deviation during trading, and to obtain the reasonable investment return. Amount 16 group of parameter combinations, the final test result of “-5% buys;+5% sells” strategy has the highest feasibility. However, 6.38% investment return achieved by, this research actual operation , can not satisfy most investors if by the measure of absolute return, but the relative return; particularly when the trading strategy is easily replaced by other investment tools. Therefore, we did not adopt “the specific range for buy and sell strategy” successfully.
In fact, each kind of model reveals characteristics, and it only works in the appropriate market. For designing a profitable trading strategy, it still depends on the mankind’s view on the market. The final goal of such mechanized trading model is to exactly execute the trading strategy. As the structure of this trading model is only a simple forepart of a program trading strategy, the ultimate purpose of this research is improving on core trading logic, timing of buy and sell, trading rules, stock selections, and so on. We hope that the model can be reconstructed a feasible strategy to work in the stock market in the near future. | en_US |