TRADERTALK >>>
process.Therefore, our indicator is able to show trend
direction, momentum and how stretched the current
price action is.
Do you use FX algorithms as part of your program
trading activities and if so, are these designed and
built in-house of supplied by external providers?
As of today we do not use FX algorithms in our daily
trading. But we plan to do so in the not too distant
future and are in talks with some providers. We are
definitely following the developments in this area and
are aware of the added value.The capital investments
into such technologies are contingent on our asset
growth over the coming years.
announcements we have created an indicator which In what ways do you leverage trading technologies
keeps us out of the market half an hour before and to help you deliver more stable alpha returns?
after such events.This is particularly helpful for
We mainly trade electronically over platforms withtrading the short-term intervals. On the longer time
very tight and competitive spreads. One of our nextframe we almost trade 24 hours.There is just one
challenges will be to evaluate an in-house order book.overnight time slot in Asia where we ignore any new
The signals generated by the trading systems will beentry signals. Nevertheless, existing positions will
watched in-house until the price moves to our targetalways be secured with an initial stop loss or if already
entry or exit. A pending order will then be executed atin profit with a trailing stop.
market best. We simply want to avoid all of our signals
(i.e. orders) becoming visible and then being watchedOur approach is 95% systematic with a clear and
by our banks/brokers.precisely defined set of rules.The systems tell us where
and when to enter and exit a position and what stop What steps do you take to limit trading risks?
and position size to use linked to the current market
volatility. As previously mentioned our systems tell us everything
we have to do.To limit trading risks anything in
What components make up the formula for your the investment process is checked by two
proprietary trading signal indicators? persons – from signal to order book
status and risk parameters. We haveWell, as you know most if not all
technical indicators lag price. We
have tried to find a formula which
eliminates the lag as far as possible
and reacts to price changes in a quick
way without too much noise.The
main component of the indicator
is historical and actual price
action on which we calculate
some Standard Deviations
and Volatility measures. We
have combined momentum,
trend and volatility in
one indicator to prevent
an information overload
on our charts by using
multiple indicator panels.
Too much information is
just misleading and slows
down your decision making
|166 april 2010 e -FOREX
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