The MIDAS Approach as a Genuine Standalone Trading System
In the introduction to this chapter, I observed that a major weakness in Levine's presentation of the MIDAS approach is his lack of attention to the practical implications of trading with MIDAS curves, whereas the emphasis in this book is very much on practical trading implications. With this in mind, the second half of this chapter lays a little groundwork for what is to come by discussing how the MIDAS approach can be converted into a practical trading system.
In the following discussion, trading system criteria will be outlined alongside a brief discussion of how the fractal nature of MIDAS meets each one. This discussion can also be read alongside the discussion in Chapter 3 of how ...
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