System and Methodology for Designing and Implementing Strategic Trading Opportunities
A system and methodology which provides a platform through which traders can apply technical analysis functionalities and other innovative trading analysis methodologies in the context of a graphical user interface which also includes one or more pricing charts associated with the instrument of interest. According to the teachings of the present invention, this platform provides the ability to analyze and implement trades based on a user interactive process through which the system guides the trader in selecting trades that are expected to have a relatively high probability of being profitable.
1 . A trade construction system configured to generate trading actions for potential execution comprising:
one or more processors configured to execute computer program modules, the computer program modules comprising:
a chart presentation module configured to receive time and price data associated with at least one instrument to be traded and to display said time and price data in a chart on a user interface;
a zone drawing processing module configured to permit a user to draw at least one supply zone or at least one demand zone such that said at least one supply zone or said at least one demand zone is superimposed over said chart displayed on said user interface;
a zone selection module for permitting said user to select one of said at least one supply zone or said at least one demand zones for consideration in connection with a possible trading action;
a scoring module for scoring a potential trade associated with said selected at least one supply zone or said at least one demand zone; and
a trade determination module for determining whether said scored potential trade should be recommended for trading execution.
2 . The system of claim 1 further comprising a trade parameter determination module, said trade parameter determination module identifying trading parameters to be associated with said scored potential trade.
3 . The system of claim 2 further comprising a trade execution module, said trade execution module executing said scored potential trade in response to a user action requesting said execution.
4 . The system of claim 1 wherein said trade construction system generates a user interface on at least one client computing device operated by said at least one user.
5 . The system of claim 1 further comprising an administrative control module accessed by an administrator via an administrative client, said administrative control module receiving instructions from said administrator which are implemented as one or more time frames to be associated with candles displayed on said chart.
6 . The system of claim 1 wherein at least one trading purpose is determined and wherein said at least one trading purpose impacts candle timing as presented in said chart by said chart presentation module.
7 . The system of claim 1 wherein a plurality of supply and demand zones may be created by a user through interaction with said zone drawing processing module.
8 . The system of claim 1 wherein said scoring module scores said potential trades by associating a numeric value with each of said potential trades.
9 . The system of claim 1 wherein said scoring module scores said potential trades by associating a trade recommendation value indicative of whether or not each said potential trade should be executed.
10 . The system of claim 1 wherein said trade construction system is cloud-based.
11 . A computer-implemented method of generating trading actions associated with an instrument for potential execution, the method being implemented in a computer system comprising one or more processors configured to execute computer program modules, the method comprising the steps of:
identifying at least one high time frame supply and demand zones on a pricing chart and detecting at least one zone that forms a curve, said curve comprising one supply zone and one demand zone;
determining a trend for said instrument;
identifying at least one of said supply and demand zones to be associated with said trading actions;
scoring at least one of said trading actions based upon said at least one of said supply and demand zones; and
determining trading parameters to be associated with said at least one of said trading actions.
12 . The method of claim 11 wherein at least one trading purpose is employed in connection with the determination of said curve.
13 . The method of claim 11 further comprising the step of selectively executing said trading actions according to said determined trading parameters based upon said scoring.
14 . The method of claim 12 wherein a user determines said at least one trading purpose.
15 . The method of claim 11 wherein said scoring comprises assigning a numeric value to each of said trading actions.