Nostradamus Systems automated trading model SPOTRADAR produced an un-leveraged return of 14.64% in 2006, trading intra-day EURUSD. The model typically aims to make a 50-pip profit against a 30 to 50-pip adjusting stop loss, and has parameters that give it a cautious stance overall, generating just 1-2 trades per day. An un-leveraged return of 4.25% was produced in 2005.
"We aim to release further models in GBPUSD, USDJPY and USDCHF in 2007, these are currently in final testing" explained Nostradamus IT Director Geoff Gant." These models are ideal for banks who want an automated systematic trader on their desk, and brokerages that want a product that can be used to create a managed account programme."
Spotradar can be received by traders at banks, brokerages and fund managers using a distribution system that generates on screen visual and audio alerts. The system can be API linked to single and multi bank trading platforms to place trades automatically on request.
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