One of the biggest trading firms in Europe wanted to build automated trading applications based on Scalping Strategy on the TBricks platform.
Background
Scalping is one of the most common day trading strategies to prioritize making high volumes of small profits. But it requires a strict exit strategy to protect small gains against one large loss With that in mind, we built an automated trading application that places and exits the orders from the market based on a defined model.
Solution
To execute the trading strategy, we built a set of applications to achieve:
1. Automated order placement in the market to get good positions
2. Automated order placement in the market to scalp the market and book profit
3. Automated exit of orders from the market based on a defined model to protect against the big loss
Result
The application proved to be effective for specific instruments in a steady market
