Trading System Introduction . . .
What is a Trading System?
A trading system is a computer based program that provides specific buy and sell decisions. The system instructs you on when to enter and exit all trades. There is no emotion, the system simple scans the markets searching for tradable opportunities based on the system developers trading logic.
Systems fall into a wide variety of categories including; trends, momentum, high probability, pattern. Some of these system may trade a single market or sector while others are broad enough to trade many markets. [More]
Why use a Trading System?
Trading systems allow traders to diversify their approach in the markets. Our parent trading firm is 100% systematic in their approach to trading the markets. Their system's allow them to monitor and trade 40+ markets following 100+ systems, all from a single trading desk.
System trading also allows the trading desk to have a rigid approach. The system will trade with the same inputs at all times; it has no room for emotions or fundamentals. It focuses first on price and then makes decisions from price. Systematic trading, it's the only way to trade.
The Trading Platform.
In the world of trading there are a lot of trading platforms to choose from. At Chart Research we us the TradeStation platform. Why? Because it's the best. It's extremely powerful, in that it allows us to easily code trading ideas and historically backtest results. Most importantly it's user friendly and has a large community of users willing to help.
Our trading desk managers have been using this platform since its early days when it was called System Writer Plus. Over the years, we have actually been instrumental in the improvement of TradeStation, as we co-created the backtesting interface. So we know a thing or two about the platform, hence the reason all system development at Chart Research will be programmed on TradeStation. The links below will provide an overview of the power of TradeStation.
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