Why Auto Trading?
You define what rules to trade and then get them 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 and increases your overall productivity, ie you will be spending you time conceptualisting and testing good trading scenarios rather the non productive paper and manual backtesting which is rarely accurate.
Once you have developed a trading model you are comfortable with, the Solas Pro / Multichart bridge will then use these parameters and rules to execute the trades automatically on your behalf, any time of the day or night, any day of the year in any market the world over.
This allows trading exactly as you would if you were able to do nothing else but sit by your computer and manage trades all day and night long, all week and year long. There is no worry that you will miss an important investment opportunity or bail-out point overnight or while at work; This is the most crucial advantage of autotrading, and the best reason to use automated models.
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 algo from trading your system? The answer is Nothing!
The 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?
Automated trading systems are created by converting your trading system’s 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
Purchasing an Automated Trading System:
If you do not have the expertise to develop an automated model, 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 accont sizes of €100k or greater is required.
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