Why technical trading may be successful? A lesson from the agent-based modeling

Authored by AB Schmidt

Date Published: 2002-01-01

DOI: 10.1016/s0378-4371(01)00432-0

Sponsors: No sponsors listed

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Model Documentation: Other Narrative

Model Code URLs: Model code not found

Abstract

It is shown using a simple agent-based market dynamics model that if the technical traders are able to affect the market liquidity, their concerted actions can move the market price in the direction favorable to their strategy. (C) 2002 Elsevier Science B.V. All rights reserved.

Tags

econophysics