Tooling and execution
Algorithmic trading
Trading decisions and execution driven by code rather than by a person. It covers everything from a single automated entry rule to a fully systematic strategy running unattended.
GFN’s figure
An algorithm trading a GFN account has to respect the same limits a person does: 3% daily on Instant, 5% on the 1 Step and 2 Step, the applicable drawdown floor, and a 2 minutes minimum hold on every trade.
In detail
Algorithmic trading,explained
Automation changes the risk profile more than the strategy. Code runs while you sleep, and on an account whose limits are measured against live equity, an unattended position is counted every second it is open.
Building in the account's own limits is the part most systems miss. An algorithm that does not know about a daily loss limit will breach it eventually, however good the entries are.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Expert advisor
A program that places trades automatically according to coded rules. It executes a strategy without a trader present, which removes hesitation and removes judgement at the same time.
API trading
Placing and managing orders programmatically through an interface rather than by hand. It is how custom systems, risk monitors, journals and analytics tools connect to an account, and it carries the same rules as manual trading.
High-frequency trading
Automated trading at very high order rates and very short holding periods, measured in seconds or less. It depends on infrastructure rather than analysis, and it is not what a retail prop account is built for.
VPS
A rented always-on server used to run trading software continuously. It keeps an automated strategy running through a local power cut, a lost connection or a closed laptop.
Grid trading
Placing orders at fixed intervals above and below a price so that positions accumulate as the market moves. It profits from oscillation and accumulates exposure in a sustained trend.
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