E-mail:    

TRADING SYSTEMS

Interview with Salvatore Sivieri

CEO and Head of Market Analysis department at X-SGS Team

trading systems semi automated trading Salvatore Sivieri

Salvatore Sivieri’s experience in the FOREX industry dates back to 2002, when he developed his first indicators of absolute strength in foreign exchange for a university research project. Since then Salvatore has conducted many studies and analysis on forex behavior in relation to real market trend in different countries. Salvatore has worked as independent trader until 2009, year in which he met his future partners at X-SGS Team. In this interview, Salvatore tells FX Trader Magazine about his theory on Semi-Automated Trading, implemented in what is now the PTC – Power Trade Console.

FXTM

Tell us about your experience and the founders’ behind the X-SGS Team project.

SS

X-SGS Team is a Swiss-based company founded by a group of young professionals with a significant experience in the Strategic Finance and IT sectors, who combined their skills and know-how to develop innovative tools for the online trading market. The Company has two core areas: “Market Analysis & Strategy”, which I’m leading and “Product Development”,  led by Giorgio Lippolis. My experience in this area goes back to 2002 with a research project aimed to analyze the interactions between Foreign Exchange Market and the Macroeconomics indexes for specific countries. Giorgio has been leading complex IT projects for almost twenty years for Telco, Public Sector Companies and Banks/Financial Institutions.

FXTM

You claim to have developed the first Semi-Automated trading software in the world. Do you believe that semi-automated trading is the best approach to online trading?

SS

Online trading is done basically according to two main approaches. There’s the “Discretional” mode, focused on the Trader, based on his own skills and experience. He operates directly in the market making his own analysis, building his own strategies and following them up personally at any given time. This way of working is flexible as it is also potentially profitable but it requires many hours of work and generates stress. The other is the “Automatic” mode, where the Trader uses one or more automatic systems that operate in a fully automated mode. These systems are based on sequential algorithms, that are not flexible, and they lead often to high loss level and often work with a Profit/Risk ratio inferior to 1. With our semi-automated trading system PTC, which stands for Power Trade Console, we have empowered what was good in both methods. We are giving the Trader the ability to analyze the market, helping him in the decision making process, with the support of the internal AI module, balancing the money and the risk management. But we have automated all the standard and repetitive activities involved in the online trading process. The new version of PTC provides new features for Professional Traders and Investors who rely on them for their investment, with an improved internal EA (Expert Advisor) and a new Mirroring Tool add-on.  Here at X-SGS Team we can really and proudly say that with the PTC everything a Trader could ask to support and improve his work has been done!

FXTM

In which markets can your semi-automated system be used?

SS

PTC works with all financial instruments available from the Trader’s Broker, therefore we can operate in whichever market we desire: Forex, CFDs, Commodities, Indexes, etc.  The system has been designed to be an extremely flexible tool, suitable for any trading environment.

FXTM

Does PTC require special technical skills by the user?

SS

No, there’s no need of any additional skill. At the moment PTC works on top of MT4, therefore who works with it simply has to insert the operations in our software. We have created and uploaded training and educational material available at www.xsgs-team.com/webinars besides a comprehensive on-line help in every section and form of the PTC itself. Traders can also find additional online documentaiton and a video tutorial in the PTC area of our web site www.xsgs-team.com/ptc 

FXTM

What are the disadvantages of standard Expert Advisers compared to your software?

SS

Automatic systems are not flexible. I have been working with these systems, besides PTC, and in my experience constant monitoring is required, such as a deep analysis. The Semi-Automated mode, which PTC implements, is the best way to get great results for the work of a trader.

FXTM

In your opinion, what are the advantages and disadvantages of automated trading compared to discretionary trading?

SS

It is true that automated systems allow traders not to take direct decisions and reduces their working time, but on the other hand it is well known that automated systems often generate losses. The discretional mode, which is making traders think, decide and act in a direct way, is for sure more time consuming and requires a great effort.

FXTM

Do you think that FX traders will use automated systems more and more in the future?

SS

No, the future is definitely not in the automated systems, but in the shared know-how generated by the expert traders who operate in the market, which can be used partially or entirely by others via specific tools and software. The semi-automatic approach will allow expert traders to maximize their profits, improve their performance with a reduction in stress. At the same time, the semi-automatic concept implemented in the PTC will allow less experienced users to follow the signals of the professional traders.

FXTM

How much does education matter in trading?

SS

X-SGS Team is a company that wants to improve the trading skills of its users. That’s why on our website we have uploaded a great amount of documentation from Videos to Slideshows and also the Webinar I give regularly. Everything is clearly explained in order to help traders who are not yet experts to get the basis for their work as well as expert traders to improve their knowledge on specific topics. Besides this generic educational material, we have also created some material about the use of PTC, including step-by-step videos, so that everyone can really become proficient with our software in a very short time, and become a good Trader.

FXTM

What personal skills should a trader develop in order to be successful?

SS

This is something I constantly state during my lessons. For sure it is important to be willing to risk, trading means opportunity to make good profits, but before that you have to risk. In addition, the trader must be extremely rational. Everything may turn better with the support of someone who can lead you along the way, and I can show the way to begginers. 

FXTM

Do you plan to add other platforms, except MT4?

SS

At the moment the PTC is available only for MetaTrader4 platform, but we will soon release a version compatible also with MT5 and for the most commonly used trading platforms.