A STUDY OF PROFIT MINING

Yuh-Long Hsieh, Don-Lin Yang

Abstract

In the past decade, association rule mining has been used extensively to discover interesting rules from large databases. However, most of the produced results do not satisfy investors in the financial market. The reason for this is because association rule mining simply uses confidence and support to select interesting patterns while the investor is more interested in the result- trading at high profit and low risk. We propose a novel approach called Profit Mining which provides investors with trading rules including information about profit, risk, and win rate. To show the feasibility and usefulness of our proposal, we use a simple trading model of an inter-day trading simulation. This mining approach works well not only in the stock market, but also in the futures and other markets.

References

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Paper Citation


in Harvard Style

Hsieh Y. and Yang D. (2011). A STUDY OF PROFIT MINING . In Proceedings of the International Conference on Knowledge Discovery and Information Retrieval - Volume 1: KDIR, (IC3K 2011) ISBN 978-989-8425-79-9, pages 502-506. DOI: 10.5220/0003691705100514


in Bibtex Style

@conference{kdir11,
author={Yuh-Long Hsieh and Don-Lin Yang},
title={A STUDY OF PROFIT MINING},
booktitle={Proceedings of the International Conference on Knowledge Discovery and Information Retrieval - Volume 1: KDIR, (IC3K 2011)},
year={2011},
pages={502-506},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0003691705100514},
isbn={978-989-8425-79-9},
}


in EndNote Style

TY - CONF
JO - Proceedings of the International Conference on Knowledge Discovery and Information Retrieval - Volume 1: KDIR, (IC3K 2011)
TI - A STUDY OF PROFIT MINING
SN - 978-989-8425-79-9
AU - Hsieh Y.
AU - Yang D.
PY - 2011
SP - 502
EP - 506
DO - 10.5220/0003691705100514