Beating The Market With An Expert Trading System by Jerry Felsen
ARTICLE SYNOPSIS ...Beating The Market With An Expert Trading System by Jerry Felsen
A mathematically provable trading system (MPTS) can be defined as a trading method for which superior expected performance can be proved scientifically. I measure system performance by means of a risk-adjusted return--that is, the index of performance is a ratio of the expected return divided by the corresponding expected risk. To ""beat the market"" earning an above-average risk adjusted return (RAR) is the key.
It's easier to beat the market with an MPTS than by methods that rely mainly on a good track record. The standard app...