Do automated strategies that can generate consistent profits really exist? value ?
Yes, the obvious one is the trend following system the Turtle Traders used, where you buy when the stock has reached an all time high.
The reason that trend following strategy hasn't caught on with hedge funds is you have to deal with potential drawdowns in monthly returns, which will cause investors to bail.
But if you are an individual investor who can ride out the drawdown (of say buying Nvidia at its all time high of $140.76), that simple strategy is net profitable.
