Monday, February 20, 2012

ETP System Auto Trading Program - A Review

Dear fellow traders,

Auto trading has gained popularity during these recent years among traders. In fact, many big financial institutions have been using system programs to trade accounts in the sum of millions or even billions of dollars in trading mutual funds and also in hedge funds.

According to Wikipedia, a special class of algorithmic trading is the "high-frequency trading" (HFT), in which computers make elaborate decisions to initiate orders based on information that is received electronically, before human traders are capable of processing the information they observe. As of year 2009, HFT firms account for 73% of all US equity trading volume.

Retail traders who commit the majority of their time in their day jobs or with their family, hardly have the privilege to sit down in front of the PC to trade. Thus, at times they missed out some good trades when they do not have the opportunity to enter their trades. It could also spell trouble for traders who are not used to setting stop losses in their trades, to see their trading capital vapourized when they are unavailable to close out their losing trades. With the fear of mounting losses in their trades, this also drastically effect their concentration in whatever they are doing (eg. in their job) that have prevented them in closing their trades.

That’s where the advantage of auto trading comes in. An auto trading system enables you to simply install a trading system in your trading account and you just let the system trade your account on its own. You code in the entry criteria for the system to enter the trades. At the same time, you can also program the exit rules to either stop loss a losing position, lock in your targeted profit or to let your profit run.

This type of auto trading, or system trading, helps to free up your time to monitor your trades; especially if you are trading an instrument that is traded almost 24 hours a days, 5 days a week, for instance, forex trading. At the same time, you will not likely to miss out some of the good trades during times when you are not available in front of the trading screen, like when you’re at work or when you’re asleep. With automatic trading, the trades will be triggered automatically by the auto trading program when the entry criterias that you have coded are met.  

For instance, the auto trading workshop that I have recently attended even allow us to adjust the entry criteria of my trading codes to adapt to the ever changing market conditions. This is because the trading program provided by the ETP Trading System is white box. This means that the trading rules are all transparent to the attendees. We have the ability to change the trading criterias that we see fit according to the current market conditions.

I wonder whether you are aware that most of the forex auto trading robot that are sold in the internet are black box. These system may have work well in the past. However, after you’ve bought the black box system and realized that when they stop working in the current market conditions, you are helpless and only see yourself keep losing your precious trading capital. You are practically under the mercy of the programmer who sold you the black box trading robot of whether he would ever provide an upgrade to the trading program. Since it is black box, you can’t make any adjustment to the codes. And even if you want to, you probably won’t understand how the codes work. At least with the ETP automatic trading set file, we understand exactly what our entry criterias are and at what point we cut our loss or take profit. The ETP auto trading system is white box. You are able to amend these criterias as and when necessary.

The other thing I like about the auto trading program taught by ETP System is that it even  allow traders to input the money management and risks management criterias. As most seasoned traders know, money management is an important discipline that has to be adopted right at the beginning if you aspire to be a professional trader in the long run. Money management basically means that you allocate an appropriate percentage of your trading capital for every trade, irregardless whether you are winning money or when you have encountered a series of losing trades. Disciplined money management will prevent you from blowing up your account trading bigger lot sizes to recover your earlier losses. As we all know, you could very well lose everything in this last bet of yours. The money management criterias that are built into the ETP trading set file will safe-guard traders right at the start. You can enter a specified lot size for every trade to remove the temptation of over betting your trading account. As mentioned, you can input these criteria according to the risks/rewards tolerance that you are comfortable with.

Talking about trading emotions, auto trading program helps to eliminate the twin tower emotions of fear and greed that most traders face. The program executes the trade when the entry signals are satisfied. This eliminate the hesitance that some traders encounter, especially new traders, who are afraid to enter a trade when the signals appear. On the other hand, there are some traders who tend to over analyze a trade too much. The trade would then become risky if they enter too late after much pondering. There’s also the indecision that most traders face with a losing position. But with auto-trading, the program will just terminate the trade when the specified stop loss is hit. This is more sensible compared to getting yourself nervous hanging on to a losing trade,  hoping and praying that the trade will turn around; which may never happen.

The flip side of the emotions of fear is about greed. I believe many traders have moments when they want to hang on to their profitable trades as long as possible to squeeze more profits from the winning trade. But they become immobilized when their trade suddenly turned around. They stubbornly hang on to their trade only to see their trade turned into a losing trade instead, just because they want to gain back the profits they saw earlier. At least with the ETP auto trading set file, you can set the initial profit target that you wish to stick to. You can also set the minimum profit that you want to see before the system triggers a trailing stop loss and profit target. Thus, in the event when your trade turns sour, you will at least protect some of the profits accumulated with the trailing profit & stop loss setup. As mentioned, the ETP  trading codes is a white box system. You can amend these stop loss and profit criterias according to your trading risks appetite.

The other important component that the ETP auto trading program handle is Risks Management. You are able to program whether you want additional trades to be triggered to salvage a losing trade. This helps you to at least achieve break-even or even gain a small profit when your initial trade start to turn favourable. The risk management also take into considerations additional stop loss measures that you may want to implement to better protect your trading capital in case you are a more conservative trader. You live to trade another day as long as you have your capital at hand. As usual, you are able to adjust the risks management criterias in the ETP set file.

Thus, the ETP auto trading program takes care of 4 important pillars of a good trading system, namely : entry management, exit management, money management and risks management. Since the ETP auto trading program codes is a white box trading system, you will attend a 2 full-days weekend workshop where the specified criterias in all the 4 critical components of the auto trading program will be explained to you. In the workshop, you will also learn how to amend these criterias to suit your trading style and your risks/rewards appetite. There are many group activities in the workshop to keep the session lively. These activities also help you to absorb the materials better from practical application rather than just going through the workshop notes. After this 2 days workshop, you are also able to attend the ongoing basic and advanced workshops on specified weekday evenings to refresh what you have learned and to learn advanced skills in adapting the ETP auto-trading set file to your trading requirements.

ETP auto trading workshop is taught personally by Mr. Marcus Lau. Marcus is a former Director and shareholder of an MNC. He is a seasoned investor with more than 11 years of solid investing experience. Personally, I find Marcus to be a very knowledgeable and dedicated speaker. He has an in-depth knowledge of the ETP auto trading system. Most importantly, he is able to explain the intricate criterias of the 4 components of this trading program clearly and patiently. I also like the way he injects some humor and sometimes relevant anecdotes during the workshop to make the learning session more alive.

You may also be keen to know that the ETP auto trading system allows you the flexibility to trade a variety of trading instruments, including foreign currencies and commodities like gold, silver and even oil.

Give yourself an opportunity and check out whether the ETP auto trading program suits your trading requirements. You can check the latest preview dates here.

You can call +65 8188 7488 or
register online at :

Location :
10 Anson Road #19-14,
International Plaza,
Singapore 079903
(above Tanjong Pagar MRT) 

Good News!! If you decide to sign up for the 2 day workshop after seeing this review, the organizer has specially allow me to offer you the following discount code to you so that you can grab a S$250 discount off the workshop costs. But this discount code is not going to last forever. Thus, I would like to advise you to take advantage of this discount code to claim your S$250 discount while it is still available.

The discount code is : 08009J

Personally, I feel that its worth investing 2 hours of your time to attend the workshop preview to at least decide whether you want a trading system that can free up your quality time for your other commitments. At the same time, determine whether the ETP auto trading system can fulfill your trading objectives, your trading lifestyle and the risks/rewards tolerance level that you desire.

*** Latest *** - You can view the status of my live ETP Trading over Here..

Remember to inform the organizer about the discount code : 08009J so as to grab the S$250 discount during registration!

Good Luck with your trading!

Tony Chai


stock options trading said...

Hi I am Rick from the same trade that you are into - Stock Options. With the world getting more and more technical in every aspects we now have high-frequency trading, as you mentioned in your post. Whats good about HFT is that, here the programs are engaged in crucial analysis of the market data in order to identify the different trading opportunities that may be available for just a few seconds or even for a small fraction of one second to even several hours. I have seen the program really effective.

I have gone through your posts entirely and found it highly helpful for me, my team and even my friends. I have forwarded this link to some of my people and they have shown great interest in your write up. Thanks for the great work here. Keep it up.

Tony Chai said...

Hi Rick,

Thanks for your kind words.

As with any trading system or methodology that you just learn, I advise that you first paper trade it with a demo account for at least a few months.

This helps you to :
1. familiarize yourself with the 4 components of the ETP auto trading system
2. understand the criterias in each components so that you know exactly what to adjust to adapt to the market conditions
3. decide which trading time frame suits your risks/rewards appetite
4. do you want a system which is more conservative? more aggressive? This will determine whether the system you create (adjust) wants to achieve higher returns but comes with higher risks or a system with conservative returns but with lower risks

The other thing is, you won't be able to "master" all the above just by attending the 2 day workshop.

From my personal experiences, I would recommend coming back for the basics and advanced classes to refresh what you learn and at the same time you are able to further hon your skills in creating an auto trading set file that suit your trading requirements.

The hard work has been done by the ETP System team to create a white box trading system for traders to adjust the various components. We must at least put in some efforts as traders to understand how the trading system works and modify it to our requirements (every trader has his or her trading style).

As mentioned, Marcus is the guy who taught us in the workshop. He explains things clearly because he knows the system well. He is also patient in his explanation to ensure we "get it".

Hope you and your team will gain some insights into the ETP auto trading system during the workshop preview.

Here is a calendar of their workshop preview :

Thanks & Regards,

Tony Chai

Sarah said...

Hey Tony,

I'm looking to get in contact with you! What's the best address to send an email to?

Tony Chai said...

you can contact me at etpsingapore at