Beta Testers wanted for a macro economic trading application.

Hi,

I am looking for some beta testers that would be interested in helping testing a brand new type of trading tool.

I have developed an application that works with Trading Technologies X_Trader Pro, that enables you to systematically trade, in real time, over 350 global economic indicators. The application works very well and is quite unique.

An example of some of the data releases that can be traded with the application are:

FED rate announcement
ECB rate announcement
BOE rate announcement and QE
Durable Goods Orders
Non Farm payrolls
Initial Jobless claims
Consumer Credit
DOE Natural Gas Stocks
DOE Petroleum Stocks
DOE Refinery Utilization
ISM
GDP
CPI Saxony
Factory Orders Industrial Orders
Eurozone CPI
Germany CPI
IFO
Imports Exports Trade Balance
Industrial Production
Producer Prices
Quarterly Final German GDP
Retail Sales
ZEW

If you are interesting in helping me with some beta testing, then please send me a private message.

Cheers

Algo

When you say trade the releases do you mean it feeds through and opens market positions or you're punting otc with others?

The application takes the data release and enters an order into the market if entry conditions are satisfied.

The entry conditions are determined by the trader who must enter the parameters into the application prior to the economic data release. There is a user interface that is very easy to use.

The application enables the trader to prepare for market moving economic data releases and then participate in real-time.

The core markets that we have worked successfully with are:

LIffe
Eurex
CME
CBOT
ICE

So if you trade something like BUNDS/EURIBOR/6E/GILTS/eMinis over ECB rate announcments you could use the application to execute an order if there was a surprise rate move.

algo said:

Hi,

I am looking for some beta testers that would be interested in helping testing a brand new type of trading tool.

I have developed an application that works with Trading Technologies X_Trader Pro, that enables you to systematically trade, in real time, over 350 global economic indicators. The application works very well and is quite unique.

An example of some of the data releases that can be traded with the application are:

FED rate announcement
ECB rate announcement
BOE rate announcement and QE
Durable Goods Orders
Non Farm payrolls
Initial Jobless claims
Consumer Credit
DOE Natural Gas Stocks
DOE Petroleum Stocks
DOE Refinery Utilization
ISM
GDP
CPI Saxony
Factory Orders Industrial Orders
Eurozone CPI
Germany CPI
IFO
Imports Exports Trade Balance
Industrial Production
Producer Prices
Quarterly Final German GDP
Retail Sales
ZEW

If you are interesting in helping me with some beta testing, then please send me a private message.

Cheers

Algo

Click to expand...

So if you trade something like BUNDS/EURIBOR/6E/GILTS/eMinis over ECB rate announcments you could use the application to execute an order if there was a surprise rate move.

Click to expand...

I can do all that by watching price move after an announcement and using stop and limit orders.

I'm very skeptical about news trading programs, although there may be some that work very well. If you are lousy at inputting parameters because you don't know what you are doing or because the surprise rate move caused the BUNDS/EURIBOR/6E/GILTS/eMinis to move in a surprise direction then it's just suicide. If you do know what you are doing then how would the program help?

Peter

ADDED: Since you are in beta testing I wish you well.

Huh? I don't quite understand it... Does it enter orders depending on your own forecast or, more precisely, if the outcome is different to your forecast?

I'm guessing this is just like a limit order then... an invisible one?

Martinghoul said:

Huh? I don't quite understand it... Does it enter orders depending on your own forecast or, more precisely, if the outcome is different to your forecast?

Click to expand...

Hi Martingoul,

It is an application that is connected to a high speed feed.

It enables you to enter instant orders into the market based on the result of the data point (s) and your entry parameters.

For example, if the market is expecting the ECB to leave rates unchanged and they move rates by 25 bp in a suprise rate move, and you have set up the application to buy or sell on a 25bp rate move, then the application will enter a market order the moment the data is published.

With the application, i am consistantly one of the very first to market. I can trade NFP from london and get filled before the news has been squarked to the rest of the market, and faster than the human eye can read a bloomberg or reuters figure page.

Algo.

wackypete2 said:

I can do all that by watching price move after an announcement and using stop and limit orders.

I'm very skeptical about news trading programs, although there may be some that work very well. If you are lousy at inputting parameters because you don't know what you are doing or because the surprise rate move caused the BUNDS/EURIBOR/6E/GILTS/eMinis to move in a surprise direction then it's just suicide. If you do know what you are doing then how would the program help?

Peter

ADDED: Since you are in beta testing I wish you well.

Click to expand...

Hi Peter,

Yes you are right. You need to understand the concequence of the data on the market and how it will impact the market that you are trading.

If you do not understand the concequence then you should stay away from trading in this method.

If you understand that BOE hiking rates 25bp in an unexpected move will see the short sterling sold off and you would like to be one of the first in the market to capture as much of that move as possible without the need to listen for the results or read the results, then this application would work well for you.

In essence, it takes away the requirement to understsand the results and make the correct decision. Automated figure trading. It is the future. People used to be sceptical about automated spreading programs. Now they are defacto.

What the program does is automate the whole process for you. You set it up before the figure, when the figure is published, if your parameters dictate it then you will have an order in the market instantly.

In the 3 years I have been developing this application, it has never made an error, only money.

Algo

algo said:

Hi Martingoul,

It is an application that is connected to a high speed feed.

It enables you to enter instant orders into the market based on the result of the data point (s) and your entry parameters.

For example, if the market is expecting the ECB to leave rates unchanged and they move rates by 25 bp in a suprise rate move, and you have set up the application to buy or sell on a 25bp rate move, then the application will enter a market order the moment the data is published.

With the application, i am consistantly one of the very first to market. I can trade NFP from london and get filled before the news has been squarked to the rest of the market, and faster than the human eye can read a bloomberg or reuters figure page.

Algo.

Click to expand...

I see... This isn't for me then. I fail to use its usefulness, if I am to be honest. Moreover, you're competing with some very very serious people who have invested a LOT infrastructure. How you can beat them is beyond me? Moreover, why you'd want to compete with them might be an even more pertinent question. At any rate, best of luck to you!

It is true that this type of technology has only been the domain of the funds (and certainly 1 group) up until now. In all the time that we have been developing it, we have had successful results. There is still plenty of room in this space to participate, especially for the point and click traders to have an application on their front end that enables them to react to realtime economic data releases and get an order into the market in UNDER 50 milliseconds (1/20 th of a second). For example, a few months back, while being in London, I was able to trade non farm payrolls and get my order in to the market within 4 prices in the bund and profited from the majority of the move as the application placed the order and a trailing stop (you can select any type of stop or order type. You can let it manage the trade or you can take full control). In the last NFP I was able to enter a trade a make a profit too and was out before most people had time to understand the results. I made a video of that.

Once the application has been primed and activated, you take all the emotion out of the trading of that data point and make the trade 100% systematic. No emotion and a technical advantage puts the fun and profitability back into trading economic figure.

If anyone would like to try it out them send me a pm.

If you are not satisfied I want to clear it.

Hmm, old thread, missed it first time round.
What struck me most is no mention of
keeping tabs on average trade size for a given number of ticks (vol/tick).
Trading the fig alone seems a touch risky.

If an algo decides to bolt the "wrong" way and creates a stampede,
in other words.
Surely tick volume must be taken into account, all the algos
you are up against do so anyway.
Thats where they do have a potent edge due to co-location latency,
or rather the lack of it.
Thats the primary risk of trading that close to release.

News trading is always of interest to me, so I'd be keen to hear how you are getting on.