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Trading Rules for the Abu Dhabi Stock Index

Author

Listed:
  • Metghalchi Massoud

    (University of Houston-Victoria)

  • Garza-Gomez Xavier

    (University of Houston-Victoria)

Abstract

In this article, we investigate technical trading rules using data from the Abu Dhabi stock market. Empirical evidence shows that technical rules have predictive power and can discern recurring price patterns in the Abu Dhabi stock market, which suggests that traders can exploit this predictive power and design profitable strategies to beat the buy and hold strategy even after considering transaction costs.

Suggested Citation

  • Metghalchi Massoud & Garza-Gomez Xavier, 2011. "Trading Rules for the Abu Dhabi Stock Index," Review of Middle East Economics and Finance, De Gruyter, vol. 7(1), pages 52-66, May.
    • Handle: RePEc:bpj:rmeecf:v:7:y:2011:i:1:n:4
    DOI: 10.2202/1475-3693.1342
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    References listed on IDEAS

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    Cited by:

    1. Louie Ren & Peter Ren, 2021. "Type I error of t-tests from the simple moving average technical trading rules," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 61, pages 47-61.
    2. Abhibasu Sen & Karabi Dutta Choudhury, 2024. "A case study of Gulf Securities Market in the last 20 years: A Long Short‐Term Memory approach," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 78(1), pages 136-166, February.

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