Modern Algorithmic Trading - Advanced Trading Products for Private Users

Welcome

Extensive experience in software development and trading has allowed us to overcome common challenges in mastering automated trading. Our products stand out from the myriad of half-baked, poorly tested, and confusing solutions offered by numerous other providers. This article provides an introduction to what you can expect from our well-structured software stack.

Anyone delving into automated trading will inevitably encounter the term expert advisor. Expert advisors are applications embodying and executing an automated trading strategy. In recent years, there’s been a surge in interest in so-called trading bots and algo trading tools. However, most software solutions fail to meet modern professional development standards due to not following fundamental coding principles.

In contrast, an automated trading system is a complex software developed over years with invaluable input from professional traders, investors, and developers. This type of collaboration has shaped our trading framework, resulting in more than 600,000 lines of extensively tested code fully dedicated to automated trading. Our products frequently utilize the same components of this framework, making it unique and user-friendly for beginners, intermediates, and even professional traders or investors. You can start immediately with a simple Stop Loss Manager and soon implement your own fully automated trading strategies with a state-of-the-art web-based Expert Advisor Builder or using our fully automated trading system Signova.

Learning and Support

Our user-friendly and easy-to-understand products are accompanied by detailed learning resources divided into three categories:

Getting Started Guides: These provide a basic introduction to each product and the operating principles, guiding you through the initial steps of practical usage.

User Manuals: Detailed manuals for each product that thoroughly explain every function and input parameter, giving you complete control over your trading setup.

Tutorials and Examples: To simplify the learning process, especially for the more feature-rich products like the Expert Advisor Builder, we offer numerous practical examples that facilitate learning by doing.

We recommend starting with the getting started guides, then moving on to the tutorials and examples, and finally exploring the user manuals as needed. You might not need to read everything, depending on your expertise. However, we strongly advise starting with a demo account before transitioning to live trading once you’re comfortable with the product. Our approach emphasizes learning through examples and illustrations, minimizing lengthy textual explanations.

The Trading Framework

Let’s start by discussing the trading framework and how each product is derived. In modern software development, code reusability is highly desirable. Ideal code is written in a way that allows it to be reused across different products. A practical analogy would be the engine of a car. Many car manufacturers use the same engine in various models.

When you begin with the Stop Loss Manager or Meta Extender, you’ll notice similarities to the Expert Advisor Builder. Especially if you plan to use the Expert Advisor Builder, it’s advisable to start with the Meta Extender, as it allows you to use the same features with a user-friendly interface. It helps you understand the best practices and principles. For instance, the inspector module oversees performance and drawdown and is used across various products.

Let’s delve into the product portfolio. The following illustration shows a graph that positions each product based on the recommended skill level and degree of automation.

Understanding Trading Types

The two main trading types are defined as follows:

Automated Trading: Refers to software that independently and automatically makes decisions to open, manage, and close a trade.

Manual Trading: Using a trading platform, a human makes manual decisions to open, manage, and close a trade.

There are various stages between those two types of trading. For instance, a fund manager might use an automated trading system but must still approve the suggested trades. Technically, this is a fully automated system, but regulatory requirements necessitate a human being to make the final decision. Thus, manual trading is still a part of this system, albeit a tiny percentage of the decision-making process.

On the other hand, a day trader might be informed directly in the price chart with news information such as ECB data and use this information to derive trading signals from it. It is a trading system that is technically entirely manual, but by showing events in a chart, a filter logic decides which news is delivered to the trader. Thus, a trading system like this consists of a tiny percentage of automated trading, while the vast majority of the system is considered manual trading.

Product Portfolio Overview

Our product portfolio includes four main trading solutions:

Signova

Signova is our fully automated trading system that replicates the behavior of professional traders hired by banks and funds. This institutional-grade algorithm achieves up to 10% monthly profit with less than 10% drawdown by implementing 50+ strategies in parallel across 20+ forex symbols. Unlike typical single-strategy systems, Signova uses a multi-strategy approach with self-adaptation capabilities - removing underperforming strategies and creating new ones on demand. The system trades exclusively on H4 timeframes with D1 trend validation, ensuring proper risk management and sustainable growth through diversification.

Expert Advisor Builder

The Expert Advisor Builder is a runtime environment that executes automated trading strategies on MetaTrader 4 and MetaTrader 5 platforms without requiring programming knowledge. Users design strategies visually in the web-based Expert Advisor Builder, then export them as text-based trading module files. The interpreter reads these modules from a designated folder and executes trades according to the defined logic. It can manage multiple trading modules simultaneously, each operating independently with its own signals and risk management. Modules can be added, removed, or modified during runtime without interrupting live trading, providing flexible strategy management.

MT5 Tick Data

Proper development and testing of trading strategies requires accurate historical chart data for an extended period. To access this data type, you can subscribe to up to 26 major and minor symbols, each available in three different spread variants. The MT5 Tick Data includes tick precise historical data for up to 20 years into the past.

Meta Extender

This is an in-chart user interface that provides semi-automated trading tools and convenient widgets for managing aspects like trade splitting, trailing stop losses, risk and money management, an automated trading journal, and much more. With a home screen, you can select from various widgets designed to support you in trading.

Stop Loss Manager

A straightforward application that automatically sets the stop loss for newly opened trades based on the current market conditions. If the price moves in favor of a trade, the application will adjust the stop loss according to the chosen trailing method. Selectable trailing methods are market trailing, average true range trailing, parabolic SAR trailing, fixed distance trailing, and breakeven trailing.

Technical Foundation

All products were developed using the programming languages MQL4 and MQL5 and can be executed with any MetaTrader 4 or MetaTrader 5 trading platform. The MetaTrader is a widely used trading platform catering to beginners learning to trade and professionals managing accounts with millions. From a development perspective, the MetaTrader platform is more of an integrated development environment (IDE) rather than only a trading platform. Thanks to the strong similarities and virtually limitless possibilities of the MQL4 and MQL5, the MetaTrader can be expanded with a vast range and variety of applications, such as the products listed above.

Our trading framework is an entire software layer specifically designed for automated trading.

Abstraction and Accessibility

Abstraction in software is a common approach to simplifying complex topics into user-friendly, small, and easy-to-understand products. The aim was to identify all reusable tasks in developing automated trading systems and package those into different products for various skill levels. The products are affordable subscriptions for everyone regardless of skill level or financial possibilities. With the products derived from the trading framework, you can trade manually but with algorithm support or instruct an application to trade autonomously. None of the products require coding skills or the need to write code.

From a coder’s perspective, a chart is merely a series of numbers. Hence, there was no need to adapt the trading framework exclusively to forex, indices, futures, or stocks. Therefore, all products are compatible with any asset supported by the MetaTrader 4 or MetaTrader 5 trading platforms. For example, you can use the products to trade derivatives such as forex CFDs or real stocks with an MT5 investment account!

The applications are usable with the following trading platforms.

Key Advantages

Our complete trading framework offers several unique advantages:

Professional Development Standards: Over 600,000 lines of extensively tested code dedicated to automated trading

Code Reusability: Modular design allows components to be shared across different products, ensuring consistency and reliability

Skill Level Flexibility: Products designed for beginners through professional traders and investors

No Coding Required: All products are designed to be used without programming knowledge

Platform Compatibility: Works with any asset supported by MetaTrader 4 or MetaTrader 5 platforms

Affordable Access: Subscription-based pricing makes professional trading tools accessible regardless of financial possibilities