Scott Owens CEO, FX Engines
Scott Owens CEO, FX Engines

Historical Testing - Leveraging online tools for more consistent FX Trading

Scott Owens examines how automated trading systems now allow the trader to construct custom strategies for attacking the market with consistency and discipline.

First Published: e-Forex Magazine 18 / Retail Forex Client / April, 2005

Interest in automated trading systems has surged recently, fueled by the FX market’s unique trading environment. Traders who had previously specialized in equities or futures are often shocked by the physical and emotional demands of forex. The inability to manage a 24-hour market prone to frequent, volatile price moves has left many eager FX market entrants on the sidelines, their accounts liquidated and their courage spent. In automated trading they see new hope.Automated trading systems allow the trader to construct custom strategies for attacking the market with consistency and discipline. These solutions automate trade entry, exit, and intra-trade management, freeing the trader to focus on system design, money management, and other high level – but critical – trading roles.In their optimal implementation, automated trading systems combine the best assets of mechanized systems while still allowing the trader to selectively intervene and apply the nuance that many call the...continued

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