Structural Market Behavior and Systematic Trading: Multi-Instrument Validation of the BLT Engine

Read full text
Authors: Sofiane Boutgajouft
Cited by: 0

Abstract

This paper presents an empirical evaluation of the BLT Engine, a systematic tradingframework derived from a structural market theory and assessed through multi-instrument,multi-year historical simulation and statistical robustness testing. Rather than disclosing implementation details, the study focuses on the observablebehavior of the framework under real historical market conditions. Evaluation criteriainclude profitability consistency, drawdown containment, equity stability, andsensitivity to trade-sequence variability across heterogeneous instruments and marketregimes. Performance metrics are complemented by Monte Carlo resampling, in which realized tradesare randomly reordered to generate alternative equity trajectories. This procedure allowsfor a rigorous assessment of robustness and path dependency. Across all evaluatedscenarios, results indicate bounded equity dispersion and the absence of structuralfailure, suggesting that observed performance reflects persistent structural marketbehavior rather than favorable sequencing effects. The findings support the relevance of structural market frameworks for systematic tradingresearch and provide empirical evidence consistent with the theoretical foundations ofthe BLT Engine.

Fields of Study & Subjects

Financial Markets and Investment Strategies Complex Systems and Time Series Analysis Corporate Finance and Governance

Publication details

Journal / source
Zenodo (CERN European Organization for Nuclear Research)
Publication date
8 January 2026
Language
EN