Why use BWT Automated Trading Systems?
Blue Wave Trading has been developing automated trading systems since 1997 and has become the premier developer of automated strategies in the retail side of the trading industry.
Important: BWT Precision Autotrader Developed in NinjaTrader Professional Unmanaged Mode for unrivaled features, reliability and execution speed, and avoidance of Execution Errors and Overfills
The BWT Precision Autotrader code base is professionally written with advanced coding techniques and has many of hours of live market trading and testing. Trade with confidence in real time and real money and know that great attention and care has gone into avoiding and resolving overfills, entry and exit order errors and other potentially dangerous automated trade scenarios – including an advanced trade workflow safety engine that avoids trade related errors. Beware of any strategy that is not written in NinjaTrader’s unmanaged mode or by programmers who have never traded live. Unfortunately, this would be all or most competing automated trading strategies compatible with NinjaTrader …Know that BWT Trading Software is written in a professional institutional grade code base, designed by a someone who has actually traded and tested our software in actual live trading.
OverFills is a serious and dangerous issue that can occur when using complex entry conditions that bracket the market in both directions end up with both entries being filled instead of one being cancelled. OverFills can also occur when you place a trade quickly hoping to close a position while a prior order to close the same position already had an in-flight execution. The exact scenarios in which an overfill can occur is highly dependent on the specific strategy programming. By default, NinjaTrader will protect against overfills by halting the strategy, but this is NOT desirable as the strategy closes all positions as a market order with slippage , and deletes the strategy from the chart. BWT code is perhaps the only autotrader that truly and correctly addresses this issue properly with our own custom routine that has not logged an overfill since BWT Precision Autotrader version 7 has been released…
Blue Wave Trading has been developing automated trading systems since 1997 and has become a premier developer of automated strategies in the retail side of the trading industry supporting NinjaTrader and Trade Station applications. Automated trading will bring all the desirable elements of a successful trader to your trading – Discipline, Structure, Daily Trading Goals, Efficiency of execution both entry and exit and much, much more…
Blue Wave Trading Automated Trading Systems
|Blue Wave Trading supports the following trade platforms for its day trading and swing trading strategies.
Blue Wave Trading started developing systems in Tradestation in 1997 and became the SIXTH NinjaTrader 3rd Party Add On Developer in July 2007. Since then almost 400 vendors have been added after 2009. BWT was perhaps, if not the first vendor to offer an automated trading strategy in the NinjaTrader platform 6.5. We have never abandoned our original algorithm and system logic, but have continued to refine and improve it’s functionality every year.
I personally have been coding, creating and trading automated strategies since 1997. I have literally coded and tested hundreds if not a thousand of trading rules. Add to the mix that I had a 20+ year career as a Series 6 & 26 principal broker, Registered Investment Advisor, won a trading competition, and managed a portfolio of 6 million doing mutual fund timing and have traded a hundred lot in the EMini SP for my private clients during that time. I have been invited to consult with floor traders at the CBOT, and I was invited to the home offices of two major players in online trading. Read my full bio here.
BWT Precision Trend Indicators and Autotrader – Often Imitated, Never Duplicated – Since 2007
The original BWT Indicator set was called Blue Wave Trading Precision Indicators and MTS Software because MTS means “Manual Trading System”. This trend following and reversal indicator used in the BWT Precision AutoTrader was an original concept and was the first suite of Indicators of it’s kind offered on the NinjaTrader Platform in 2007, click to see the NinjaTrader Original Press Release .
What is an Algorithmic or Automated Trading System?
Algorithmic trading, also called automated trading, black-box trading, or algo trading, is the use of electronic platforms for entering trading orders with an algorithm which executes pre-programmed trading instructions accounting for a variety of variables such as timing, price, and volume. Algorithmic trading is widely used by investment banks, pension funds, mutual funds, and other buy-side (investor-driven) institutional traders, to divide large trades into several smaller trades to manage market impact and risk.
Algorithmic trading may be used in any investment strategy, including market making, inter-market spreading, arbitrage, or pure speculation (including trend following). The investment decision and implementation may be augmented at any stage with algorithmic support or may operate completely automatically.
A third of all European Union and United States stock trades in 2006 were driven by automatic programs, or algorithms. As of 2009, studies suggested HFT firms accounted for 60-73% of all US equity trading volume, with that number falling to approximately 50% in 2012. In 2006, at the London Stock Exchange, over 40% of all orders were entered by algorithmic traders, with 60% predicted for 2007. American markets and European markets generally have a higher proportion of algorithmic trades than other markets, and estimates for 2008 range as high as an 80% proportion in some markets. Foreign exchange marketsalso have active algorithmic trading (about 25% of orders in 2006).Futures markets are considered fairly easy to integrate into algorithmic trading, with about 20% of options volume expected to be computer-generated by 2010.[dated info]Bond markets are moving toward more access to algorithmic traders.
U.S. Government Required Disclaimer
Commodity Futures Trading Commission.*Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.