Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/38797
Title: | Random walks : reality or myth? : technical analysis in the foreign exchange market : a theoretical and empirical examination |
Authors: | Falzon, Michela |
Keywords: | Foreign exchange market Random walks (Mathematics) Stochastic analysis Trading bands (Securities) |
Issue Date: | 2018 |
Citation: | Falzon, M. (2018). Random walks: reality or myth?: technical analysis in the foreign exchange market: a theoretical and empirical examination (Bachelor's dissertation). |
Abstract: | The goal of this thesis is to assess the profitability of several technical trading tools in the FOREX market. The indicators tested are: Bollinger bands, Simple Moving Average, Moving Average Convergence Divergence, Relative Strength Index and Stochastic Oscillator. This paper explores the ability these technical tools have to predict future price movements and in turn generate higher returns than an average buy and hold strategy. An algorithmic approach is taken over the period starting from 01/01/2009 and ending at 31/12/2007, using C# as the chosen programming language. The collected results imply the unprofitability of technical analysis which subsequently suggest that the forex market is an efficient one. |
Description: | B.SC.(HONS)MATHS,BANK.&FIN. |
URI: | https://www.um.edu.mt/library/oar//handle/123456789/38797 |
Appears in Collections: | Dissertations - FacEma - 2018 Dissertations - FacEMABF - 2018 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
18BBNK023.pdf Restricted Access | 6.53 MB | Adobe PDF | View/Open Request a copy |
Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.