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AbleSys trading software offers traders specific buy, sell, stop signals and fully computerized trading automation for day trading, swing trading, and position trading of all markets, such as stocks, futures, commodities, forex & bonds etc. S&C Award-Winning 1997-2005 | |
AbleSys Training Systen Software Frequent Asked Question
1. How long has your software been around?
Our software was built based on (e)ASCTrend technology which has been around for more than ten years. When you are looking for trading decision-making software, you don't want to risk your hard earned money on any untested new approaches. "Time tested" is very crucial in selecting your trading tools.
2. Does your software work extremely well for certain markets, that is, better for some markets than for others?
Our universal indicators and system have been used for trading all markets, for example stocks, futures, commodities, Forex, mutual funds, etc. Since the software does not know the underlying markets and chart intervals, it is not possible for the software to curve-fit the data to come up with unrealistic results. This is extremely important because only a good universal system can be robust. Beware of the curve-fitting possibility if you see a system that performs very well for any specific market and interval.
3. What is your system's winning rate?
When you look at a system, you need to look at the profit factor, maximum drawdown, winning rate and overall long-term performance. We are a CTA firm and also a member of NFA. According to the regulation, it is not appropriate to offer general winning rate numbers since it would be misleading due to the generalization. The software offers all important and specific details in the back testing reports. You should be able to find the reports that are relevant and specific to your trading styles and strategies.
A higher winning rate is relatively easy to reach if you set the profit target very small. This will not help you to make a profit. This is the trick many vendors are playing. Please watch out.
4. What is the best interval to trade with your software?
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Longer time interval |
Short time interval |
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Signal accuracy |
High |
Low |
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Trend last |
Longer |
Shorter |
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Anticipated reward |
High |
Low |
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Risks
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High |
Low |
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Efficiency |
High |
Low |
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Intensity |
Low |
High |
Every trader should pick the chart time interval according to his/her own risk tolerance, reward expectation, available time, market to trade, market instrument leverage, etc.
Typically, you select a relatively smaller time interval if the market instrument is heavily leveraged and your risk tolerance is low. You need to be able to follow the market in real time.
If you have a relatively large risk tolerance, you can use larger time interval chart.
Normally, 3/5 minute charts are for day trading, 30/60 minute chart is for swing trading and daily chart is for position trading. Ablesys software and Hybrid Trading Method (HTM) can be used for any time interval trading.
5. What do you mean by 'fully (100%) mechanical'?
Generally speaking, 100% mechanical trading means that you don't use any discretion during the trading. You follow the buy or sell trading signals generated by eASCTrend 6.0. In trading, when you check EBC (Entry at Bar Close) in the TS window, you will get the back testing report that matches the EBC execution method. EBC execution means that you will buy or sell if you see a stable buy or sell TS at the bar close. Actually, fully mechanical means that you cannot inject any discretion during the trading since your decision window (the time you spent to analyze the indicators and price action) is zero (at the bar close).
Here are the situations that are appropriate for fully mechanical trading:
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Automatic Order Execution (AOE) trading
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Broker-Assisted Trading
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Private or public fund trading
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CTA managed fund trading
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Mechanical trading of diversified portfolio
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Fully committed by disciplined traders
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Chart intervals 30-min or more
6. When do I use HTM (the Hybrid Trading Method)?
HTM can be used for any time interval, including smaller intervals (for example 2 minutes or 5 minutes). HTM can be used for day trading, swing trading and position trading of all markets. The goal of the HTM is to find the optimal low risk entry points with the maximum profit potentials. HTM is easy-to-learn, easy-to-use. It is nearly fully mechanical, yet flexible enough to leverage traders
