Michael
Lewis, who became famous with his earlier work, “Liar’s Poker”, has written a
new book, this time on High Frequency Trading (HFT), and the experiences of a
group that first of all figured out what was going on, and then developed a way
of combating it.
Their
story is told in a video from the US TV channel CBS’s 60 Minutes program.
OmiCronFX does algorithmic trading
Yes,
OmiCronFX uses computer algorithms to give it a trading edge, but not in the
manner described in this film.
Apart from the benefit of using the software, we also carry out a very significant amount of fundamental and technical research. Once that has identified suitable trading pairs and the direction in which they are most likely to trend, the software takes over the functions of:
Apart from the benefit of using the software, we also carry out a very significant amount of fundamental and technical research. Once that has identified suitable trading pairs and the direction in which they are most likely to trend, the software takes over the functions of:
·
Confirming, by use of the core algorithm, that the
trend exists and is building
·
Deciding the entry point for a position that will
create the best balance between ensuring it is in a trend, on the one hand, and
getting maximum benefit from that trend on the other.
·
Calculating the optimum position size
·
Ensuring profit retention measures are carried out
efficiently
·
Closing the trade when this is appropriate
In
this way we ensure that the rules of the strategy that we have developed over
time are implemented with maximum discipline. The results can be seen for
themselves in our trading.
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