Through statistical analysis of simulation data, result proves that moving average rule and trading range break rule can gain excess returns at a certain extent, and conclusions support the effectiveness of technical analysis finally. 通过对模拟数据的统计分析,最后得出简单移动平均规则与交易范围突破规则均能够获得显著的超额收益的结论,而且长期情况下和设置有效突破因子后的简单技术交易规则更为显著。