Silva de Souza, Matheus José; Franco Ramos, Danilo … - In: Financial Innovation 4 (2018) 1, pp. 1-18
In this paper, we investigated the profitability of technical analysis as applied to the stock markets of the BRICS … markets of each BRICS member. We developed an automated trading system that simulated transactions in this portfolio using … South Africa, the latest member included in BRICS. Our results showed that the returns obtained by the automated system, on …