Trading Systems

This is the complete list of trading systems for comparative inspection. Systems are separated into categories of stocks and options, currencies, futures, automated software, annuities evaluation and real estate. They can be further categorized into Procedural Rule Based Systems, Advisory Software Systems and Automated Software Systems.

Procedural Rule Based Trading Systems form, by far, the largest category. To avoid being intimidated by this long list, consider each item like you would a book that has a potential to both entertain and enlighten you. Browse through a few links at no cost and read the words of the authors, themselves, just like you would in a book store. On the other hand, if you look upon these as investments, as rightly you should, you may be caught in a catch-22. On the one hand, you must know exactly how a system works before you invest and, on the other hand, if you already know the information, why should you invest? See what I mean? Just browse like you would in a book store. Not every book has immediate investment value. Since these are non-fiction, they will certainly expand your knowledge base. Since this category consists of the purest form of trading system knowledge, stripped of auxiliary software tools and infrastructure, and involves the lowest cost, I give this category the highest recommendation.

Advisory Software Systems are of several kinds. These can be viewed as specialized tools as you would view the collection of tools in your workshop. Some are used often while others are reserved for special conditions. Some of these create stock candidate watch lists according to pre-selected criteria. Others advise on trade entry and exit points while monitoring market price and volume, sorting data according to pre-selected technical indicators. Still others can combine a combination of these features. These software systems can be connected to either real time market data, delayed data or a static database on CD that is updated periodically. In the scheme of things, this category represents rule based systems that have been automated to reduce time, effort and trading errors.

Automated Systems, also referred to as Automated System Trading Software, represents the state of the art in trading system infrastructure and flexibility. This category of software can be viewed as automated robotic manufacturing equipment for conditions specified by the authors. It is for the full time trader who understands the use of multiple rule based systems and technical indicators. The software can be placed in a mode to automatically execute buy and sell orders according to selected settings while connected through an online broker to real time market data. It is not for everyone. An ongoing acquaintance with this emerging category is a good idea since it incorporates the state of the art in understanding markets.

General information on types of trading systems may help to distinguish between various system hierarchies. Once you become established in the consistent use of a trading system, an amazing ability to set and meet realistic profit goals becomes available through the use of precision money management. Contact me at Systems@WiserTrader.com if you have any questions.