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Finance and Investment
Industry Financial Trading Expert
System Design
and Development of Financial Trading Expert System (FETS).
Nanyang
Technological
University.
Singapore
. Francis Lim,
2001.
Abstract of FETS
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ABSTRACT
The aim of this study is to design and develop a
financial trading expert system. The principal function of this
trading expert system is to provide traders the discovery mechanism
for system trading that will result in improving the trader's
psychology and self-confidence.
This study will help to develop a proactive approach to
investing, explaining how to develop an accurate forecasting of the
stock market outlook. The key principles of effective trading
strategies and its trading analysis approaches are reviewed. It
reviews on various well-known financial technical indicators,
explaining how these indicators tools are used to maximize stock
market profits. The study surveys the various related computerized
trading expert systems available in today's market where traders and
investors can capitalize on the breadth of available financial
information data sources and electronic brokerage
services.
The concepts and principles involved in trading expert
system development are discussed, including data collection and
verification, data processing, stock selection, trade strategy,
trade simulation and live trading.
The performance evaluations of the trading results are
tested out with different market trends and conditions. The
performance measures of how good a trading system works are
important in evaluating targets and expectations by comparing
various alternative strategies in assessing the system risk and
reward ratio.
The study concludes with a discussion of the experiences
and lessons learnt in developing the system, highlighting the
features of a good design trading system and as well the limitations
of the study and providing recommendations for further improvement
to the system.
Abstract of FETS
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