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Study Guide for Technical Analysis Explained Fifth Edition, 5th Edition by Martin J. Pring

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34

AUTOMATED TRADING SYSTEMS

Questions

Subjects to Be Covered

Advantages and disadvantages of automated systems

Appraising systems

Troubleshooting poorly performing systems

1. True or false: Mechanical systems can be used as a substitute for judgment and thinking.

A. True

B. False

2. Which is likely to be a better system?

A. One that has a perfect fit with historical data with one security

B. One that has a profitably consistent but imperfect historical fit over many securities

C. One that has a huge profit based on one or two signals

D. None of the above

3. What are some of the advantages of well-designed mechanical systems?

A. They remove objectivity.

B. They remove subjectivity.

C. They allow the trader to participate in every worthwhile move. ...

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