Profitable day trading Bitcoin futures following continuous bullish (bearish) candlesticks

被引：4

作者：

Day, Min-Yuh ^{[1
]}

Huang, Paoyu ^{[2
]}

Chen, Yirung ^{[3
]}

Lin, Yin-Tzu ^{[4
]}

Ni, Yensen ^{[3
]}

机构：

[1] Natl Taipei Univ, Grad Inst Informat Management, New Taipei, Taiwan

[2] Soochow Univ, Dept Int Business, Taipei, Taiwan

[3] Tamkang Univ, Dept Management Sci, 151,Yingzhuan Rd, New Taipei 25137, Taiwan

[4] Tamkang Univ, Dept Ind Econ, New Taipei, Taiwan

来源：

APPLIED ECONOMICS LETTERS | 2022年 / 29卷 / 10期

关键词：

Bitcoin futures; take-profit; stop-loss; candlestick technical trading; investing strategies;

D O I：

10.1080/13504851.2021.1899115

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We explore the profitability of day trading Bitcoin futures following diverse consecutive 3 bullish (bearish) one-minute candlesticks and then adopt stop-loss or take-profit only as exits. We reveal that different from our cognition, adopting take-profit strategies would have a notable average positive profit per trade (APPT), which is robust by employing the upward trend out-of-sample data different from the downward trend in-sample data. We infer that such impressive findings might result from temporary rising (falling) prices likely manipulated for appealing to investors pursuing long (short) positions. As a result, investors may realize profit instead of suffering loss frequently by adopting take-profit exits since mean reversion might often occur after such manipulation. Moreover, we argue that stop-loss might be redundant for day trading such futures because stop-loss seems enclosed in the mechanism of day trading.

引用

页码：947 / 954

页数：8