Solas Swing Trading Software FAQ’s
Are you trading this internally?
Yes, this is the first trading model we have released; We find short term trading models like the Solas Swing trdaing model are very complimentary to our short term volatility models and our long term trend following systems.
Why is there such a difference in price for Solas clients and non Solas clients?
We want a long term relationship with our clients who via quality education and training, daily live mentoring become profitable long terms clients of Solas. €4995 reflects the true value of software such as this, our clients pay us over time and as our services deliver value.
What Time each day is needed to trade this Strategy?
The strategy can be traded with c. 15-30 minutes of time per day depending on how many markets you are trading.
Which is better to Trade the model on, Futures or the ETF’s?
This is a matter of personal preference, the futures markets allow traders and investors more leverage and some extra flexibility with trading hours. If you are new to trading we would suggest trading some of the ETF’s at smaller position sizes. This will get you familiar with the models and the routine of trading each day.
Do you provide Training?
Yes, we provide a of support to our users days training on using the software and daily educational webinars where we discuss how are using the software and the models, plus excellent commentary on the broader markets and what we are doing generally.
I am completely new to trading, is this suitable for me?
We suggest that anyone new to trading needs to get educated first and get a good understanding on how markets are traded. We run a great low cost education program called trading for income program, see the following link for details.
When do the trades trigger?
The Solas Swing Trading model is an end of day trading model that generates its signals on an end of day basis. You can choose to place your order at the close of the days trading or at the next days open. The choice will also depend on whether you are using futures or exchange traded funds (ETF’s)
What risk do you take per trade?
Depending on the instruments the strategy generally needs c. 2-8% of the invested capital to be risked on each trade. This is a swing model which holds positions overnight and for several days, so stop loss levels need to be wide enough to allow the trade to develop.
What account size do i need?
This will depend on what markets you are trading, but to start trading some of the ETF’S or stock you will probably need c. €5k of capital.
There appears to be several strategies in the model with different entry and exit points?
Yes, the model has c. 5 strategies which give entry and exit signals at various levels. You can choose to trade one signal per market and not take any further signals until the first entry has closed out. This is a good way to start and get familiar with using the model.
The other method is to take all more signals which will assist with scaling into and out of positions. This is an individual choice and and will be driven by capital available, trading objectives and risk tolerance of each trader.
How do I see the Entry and Exit Points?
The suggested entry and exit points will be presented on the charts in an easy to understand manner.
Is the software giving advice?
No the software is not giving advice nor is Solas Financial giving advice. The software is a tool to help you determine when to trade some what similar to buying macros for excel. Solas has done the difficult modeling work and it up to each individual trader to implement the software based on your preferred parameters, market bias, and personal views.
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