An interesting new study of Machine Learning shows gains over human traders

An interesting new study of Machine Learning shows gains over human traders

Not to scare the humans. As many of us know, the state of AI in Finance is still often best explained by this meme:

An interesting new study, citing, ahem, moi, however, suggests that machine learning is very capable of beating at least some traders. Specifically, the study applies modern methods to technical analysis, an old workhorse of many chartists, and finds that machine learning is certainly way better than manual labor.

Here is the link to the study: https://www.hindawi.com/journals/complexity/2020/8285149/