What are Auto Trading Trading Systems?

Trading systems are simply sets of rules that traders use to determine their entries and exits, risk managment and portfolio risk across a range of instruments. Developing and using trading systems can help traders attain consistent returns while limiting risk at the instrument and portfolio level.In an ideal situation, traders should feel like robots, executing trades systematically and without emotion. So, taking this to the next step, what’s to stop a software program from trading your trading model? The answer is Nothing!

The new autotrading interface to Solas Pro delivers traders this capabality to create and run your own automated trading systems.

How Are Automated Trading Systems Created?

How are Auto Trading Systems developed?

Automated trading systems are created by converting your trading rules into code that your computer can understand. Your computer then runs those rules through your trading software, which looks for trades that adhere to your rules. Finally, the trades are automatically placed via SolasPro.com

What kind of rules can be automatically executed?

You can define rules based on price patterns, market trends, such as fading or counter trends, price points, averages, any combinations of technical indicator, price level proximity or pivots as the input rules for trading.

Once you have coded these rules, you can back test the rules to validate their profitabality and robustness.  This saves months of manual time paper trading, which increases your overall productivity. You will be spending your time conceptualisting and testing good trading scenarios, rather the non productive time, paper and manual backtesting, which is rarely accurate.

I need assistance developing a trading model, can Solas Help?

If you do not have the expertise to develop an automated model or back test your preferred method of trading, you can purchase one from a reputable developer or partner with a company that can develop one with you under license.

Solas Financial provide development services for automated trading systems and also licences some of its internal trading models which are portfolio based. Typically, to run a portfolio based model, an account size of €100k or greater is required. Need to talk about this ? email info@solasfinancial.com and we will setup a meeting.

Do I need to be very technical to run an Automated Trading System?

No, but you do need to be familiar with computers and you need to have a good computer system setup, ie good broad band, good computer setup etc. You will need to be in a position to be able to continuously monitor your trading setup, to make sure every thing is running smoothly and the connections are present to the brokerage house and exchanges.