What is a sceeto?
A sceeto is a fully automated Algorithmic
Trading Drone.
sceetos:
-
Harvest information
-
Identify and trigger ideal entries for your setups with
uncanny precision
-
Manage all of your stops and targets
sceetos incorporate
the best aspects of Automated Trading:
-
Mitigating Human Error
-
Automating Stops and Targets
-
Dynamic Entry and Trade Management Rules
While eliminating the Achilles
Heel of Discretionary and Grey Box Trading - the inevitable
Human Errors:
-
Fat Fingers
-
Impatient Entries
-
Doubling Down on a Loser
-
Even Worse Stuff
sceetos require absolutely no programming
(really).
sceeto's Dynamic Trade Management vs. Static Trade
Management
Much of today's Trade Management tends to have static
parameters for Entries, Stops and Targets.
A sceeto's Trade
Management parameters are always generated dynamically based
on multiple pieces of real-time market information.
Conventional Trade Management for grey-box and fully
automated trading systems usually takes the form of an entry
either ‘at the market’ or 'next bar market', while
discretionary traders enter primarily at the market, limit
at bid/offer, or on a stop, either market or limit.
Conventional Trade Management Stops and Targets are then x
ticks away from your entry price.
This is a very basic, very plain vanilla approach that does
not take advantage of any of the other market information
that is available such as recent price action, historical
price action and or other indicators.
All sceeto
Automated Trade Management methods
take advantage of information about current market
conditions and prior historical patterns to provide you with
significantly more adroit and intelligent approaches for
entering and exiting your trades (more
info here).
All of these calculations are done continually in real-time
and are thus waiting within your sceeto for
activation upon receipt of your order to enter a market, be
it Long or Short.
Using sceeto’s Trade
Management, a trader automatically applies dynamic Trade
Management rules to all of their Entries, Stops and Targets,
that are unique and relevant to the current market
conditions...rather than using static, hard-coded inputs
derived from an optimization tool.
Prior to sceeto,
a trader who wanted to incorporate any Trade Management
methods beyond placing a protective stop 'x Ticks' from
entry and a Price Target 'y ticks' from entry, would have to
go down the road of custom programming.
sceeto comes
out-of-the-box with these dynamic Trade Management
algorithms.
======= sceeto trading
============================================================
To
trade with a sceeto all
a trader has to do is:
- Determine that the time is ripe, or almost ripe, to
be in a particular market ( such as: E-mini S&P 500 , or
GOOG, or EURUSD )
- Click 'Buy' or 'Sell'
Your sceeto will do the rest...it will:
-
Determine optimal entry Price
-
Generate, send out, and monitor your entry order
-
Pull the entry order if the sceeto's algorithms
determine that the current setup has a low probability
of a profitable trade
-
Create and implement stops predicated on proprietary
algorithms
-
Create and implement targets predicated on proprietary
price distribution algorithms
-
Manage the complete trade for you under the guidance of
algorithmic computations - unhindered by emotional
interference
