FX TRADING SYSTEMS Salvatore Sivieri CEO and Head of Market Analysis department at X-SGS Team
Salvatore Sivieri’s experience in the FOREX industry dates back to 2002, when he developed his first indicators of absolute strength in foreign exchange for a university research project. Since then Salvatore has conducted many studies and analysis on forex behavior in relation to real market trend in different countries. Salvatore has worked as independent trader until 2009, year in which he met his future partners at X-SGS Team. In this interview, Salvatore tells FX Trader Magazine about his theory on Semi- Automated Trading, implemented in what is now the PTC – Power Trade Console.
FXTM Tell us about your experience and the founders’ behind the X-SGS Team project.
SS X-SGS Team is a Swiss-based company founded by a group of young professionals with a significant experience in the Strategic Finance and IT sectors, who combined their skills and know-how to develop innovative tools for the online trading market. Te Company has two core areas: “Market Analysis & Strategy”, which I’m leading and “Product Development”, led by Giorgio Lippolis. My experience in this area goes back to 2002 with a research project aimed to analyze the interactions between Foreign Exchange Market and the Macroeconomics indexes for specific countries. Giorgio has been leading complex IT projects for almost twenty years for Telco, Public Sector Companies and Banks/Financial Institutions.
FXTM You claim to have developed the first Semi-Automated trading soſtware in the world. Do you believe that semi-automated trading is the best approach to online trading?
SS Online trading is done basically according to two main approaches. Tere’s
the “Discretional” mode,
focused on the Trader, based on his own skills and experience. He operates directly in the market making his own analysis, building his own strategies and following them up personally at any given time. Tis way of working is flexible as it is also potentially profitable but it requires many hours of work and generates stress. Te other is the “Automatic” mode, where the Trader uses one or more automatic systems that operate in a fully automated mode. Tese systems are based on sequential algorithms, that are not flexible, and they lead oſten to high loss level and oſten work with a
40 FX TRADER MAGAZINE October - December 2013 INTERVIEW
Profit/Risk ratio inferior to 1. With our semi-automated trading system PTC, which stands for Power Trade Console, we have empowered what was good in both methods. We are giving the Trader the ability to analyze the market, helping him in the decision making process, with the support of the internal AI module, balancing the money and the risk management. But we have automated all the standard and repetitive activities involved in the online trading process. Te new version of PTC provides new features for Professional Traders and Investors who rely on them for their investment, with an improved internal EA (Expert Advisor) and a new Mirroring Tool add-on. Here at X-SGS Team we can really and proudly say that with the PTC everything a Trader could ask to support and improve his work has been done!
FXTM In which markets can your semi- automated system be used?
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