An Empirical Study on the Performance of the “Head-and-Shoulders” Technical Strategy

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Lan, Xin (2014) An Empirical Study on the Performance of the “Head-and-Shoulders” Technical Strategy. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

Abstract: The performance of technical analysis has long been a controversial topic between the practitioners and academics. In order to examine the performance of one of the most popular technical trading rules, the head-and-shoulders strategy, the study uses hourly historical data over the period of 01/06/2004-01/06/2014 on six currency pairs in foreign exchange market. Returns and profits were compared with buy-and-hold strategy and the results suggested that the head-and-shoulders strategy unperformed the buy-and-hold strategy.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 11 Nov 2014 16:46
Last Modified: 19 Oct 2017 14:01
URI: https://eprints.nottingham.ac.uk/id/eprint/27537

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