国际现货黄金投资的系统化交易研究

发布时间：2018-03-13 20:27

本文选题：伦敦金　切入点：中小投资者　出处：《浙江工业大学》2014年硕士论文　论文类型：学位论文

【摘要】：国内中小投资者是金融市场投资队伍的大军。2008年以来,中国股市的剧烈下跌使他们对牛短熊长、做多不做空的股票市场渐失信心,随着黄金的巨大上涨吸引他们加入全天T+0双向杠杆的国际现货黄金投资。但部分投资者被非法炒金欺骗后再也不敢涉足,又由于缺乏强的风险意识和盈利模式,一直处于赚少赔多甚或亏损爆仓的恶性循环中,他们对标的、平台和盈利模式亟需进行优选调整。本文立足于国内外的九大投资品种,首先分别对它们的优劣进行比较分析后筛选出国际现货黄金为独具优势的投资标的,同时对国内非法炒金、不良代理商、假冒公司和正规的平台作了适当地辨伪和指引。然后从系统化交易的角度出发,对交易系统的简单模型进行开发、检测和评估,最终通过对香港领峰贵金属的投资的案例进行系统化交易的实证分析。论文通过详实的图表数据、系统分析和实证研究,解决了中小投资者重点关注的三个问题：对投资标的与正规平台的优选；中小资金如何又快又稳健的复利增长；以及主观消极心态的成功修练。本文利用了移动平均线MA和MACD的有效结合以及风险仓位的科学管理,将交易系统的规则模型化,用实证研究的科学方法,对系统进行了样本内数据的历史回溯测试、参数的优化调整、样本外数据的检验和评估以及实际案例的分析,对国际现货黄金投资系统化交易的可行性和有效性进行了实证研究。研究得出了构建一个国际现货黄金投资的交易系统是能够达到“盈利+修练”的结论,并提出了在国际现货黄金投资的系统模型化和案例实证研究过程中,对于系统的关键组成部分、参数的优化调整、不同偏好选择的效果等方面的个人建议。研究成果对国内的中小投资者选择一条更省心便捷的投资渠道,在万变的投资市场中找到一条适合自己偏好的稳健盈利模式,以及在百倍杠杆的市场中修练在任何领域客观归零、居安思危、自信坚持的成功心态,都具有现实的指导意义。
[Abstract]:Since 2008, the sharp decline in China's stock market has caused them to lose confidence in the bullish, short-bearish stock market. As the huge rise in gold attracted them to join the all-day T0 two-way leverage of international spot gold investment. However, some investors were cheated by illegal gold speculation and did not dare to step in any more, and because of the lack of strong risk awareness and profit model, They have been in a vicious circle of earning less and losing more, and they need to adjust their targets, platforms and profit models. Based on the nine major investment varieties at home and abroad, this paper first compares and analyzes their merits and demerits, and then selects the international spot gold as the investment target with unique advantages. At the same time, it also makes an analysis of the illegal speculation of gold in China and the bad agents. Counterfeiting companies and formal platforms are properly identified and guided. Then, from the perspective of systematic trading, a simple model of the trading system is developed, tested and evaluated. Finally, through the empirical analysis of the investment cases of precious metals in Hong Kong's leading peak, this paper makes a systematic analysis and empirical research through detailed chart data, systematic analysis and empirical research. It solves three problems that the small and medium investors focus on: the optimal selection of the investment target and the formal platform; the rapid and steady compound interest growth of the small and medium-sized funds; and the successful practice of the subjective negative mentality. In this paper, the effective combination of moving average MA and MACD and the scientific management of risk positions are used to model the rules of the trading system and to carry out the historical backtracking test of the data in the sample by using the scientific method of empirical research. The optimization and adjustment of the parameters, the examination and evaluation of the data outside the sample, and the analysis of the actual cases, This paper makes an empirical study on the feasibility and effectiveness of systematic trading of international spot gold investment, and draws the conclusion that constructing a trading system of international spot gold investment can achieve "profit improvement". In the process of systematic modeling and case study of international spot gold investment, the optimization and adjustment of parameters for the key components of the system are put forward. Personal advice on the effects of different preferences. The results of the research choose a more convenient and convenient investment channel for small and medium-sized investors in China, and find a sound profit model suitable for their preferences in the ever-changing investment market. And in a hundred times leveraged market practice in any field of objective zero, improve vigilance, self-confidence and adhere to the successful mentality, have practical guiding significance.
【学位授予单位】：浙江工业大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F831.54

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