Yes.  Quant signals or events trigger buy and sell action. 
It works very well and takes the emotion out of process and, once set
up, thescreening process takes the place of most of your research and
time.  

I’ve worked with mechanical investing in a different format for many years - the small part of the system he shared with me was amazing.  I’ve always been interested in the process.

I bought a system from a guy about 12 years ago and it’s averaged 22% return after fees for the last 10 years but it’s a much lower tech version of what this guy was doing.  I’m on vacation in a few weeks and have 4 books to read on the flights to learn a little more about his process.   

The guy was trying to get us to run a company he’s wanting to start - I’m not doing that but I may incorporate a lot more of his business plan into my offerings.