We offer a variety of trading automation in Futures, Options, and Forex, and continue to add new platforms regularly.
Each platform has a unique instrument, trading strategy and risk portfolio, and it is important to understand the differences to find out which program is most appropriate for your needs, your budget, your risk tolerance, and your financial status.
Please bear in mind these are software programs - at no point does Target Trading or its affiliates have possession of your trading account, take deposits of your account or the like. The software is added as a mechanism to your account, and you as the owner retain the ability to enter or exit trades manually, manage risk and/or contract size, turn on or off the software, or close the account.
Here is a brief summary of the different trading automation programs. For further explanation of the programs, continue scrolling down or schedule a Discovery Call with a member of our team!
Software Matrix:
Futures Trading Programs
We offer a variety of Letter of Direction programs for futures trading - where the Broker - a professional trader - trades our software for you in your personal account. For a full explanation of how Letter of Direction works, CLICK HERE.
Q8 Algo Trader
Q8 is an automated algorithmic trading system that uses a counter-trend trading model, taking advantage of overbought or oversold positions.
Traded on a 4 Minute Chart
8 markets are traded (CL, Euro, 30 Year Treasury, Gold, Russel, Nasdaq, S & P, and the Dow Jones)
Up to $200 risk per contract per trade
Average 5-7 trades per day, but no top or bottom barrier
Only trades during US “Pit Session,” no overnight holds
Can be leveraged if the user wants, but recommended $10,000 account size to start, Letter of Direction only
StrikeZONE Algo Trader
Strikezone is an automated algorithmic trading system that uses a return to the mean model, taking trades when the market moves two standard deviations from the mean.
Traded on a 15 minute Chart
8 markets are traded (CL, Euro, 30 Year Treasury, Gold, Russel, Nasdaq, S & P, and the Dow Jones)
Up to $500 risk per contract per trade, when possible moves to breakeven at $250
Average around 7 trades per day, but no top or bottom barrier and may often take none if there are no indicators
Only trades during US “Pit Session,” no overnight holds
Can be leveraged if the user wants, but recommended $25,000 account size to start, Letter of Direction only
Futures Portfolio Management system
Futures Portfolio Management is a comprehensive Letter of Direction program that takes longer term, longer hold positions in up to 25 different futures markets. The system uses a return to the mean model, taking trades when the market moves two standard deviations from the mean.
Traded on a Daily Chart
25 different futures markets are traded
Never fully out of the market, generally holds 7-10 positions, but may hold up to 25 positions at any time.
Trades are made by 7:30am EST if they are to be made.
Trades can and will be held overnight, longer term (meaning increased margin requirements)
Can be leveraged if the user wants, but recommended $45,000 account size to start, and as much as $350,000
Letter of Direction only
FOREX Software
Our Forex trading software is only available in a PAM Pro format through our brokerage partnerships. Each program is vetted and tested to ensure consistency and reliability.
Q10 ALgo trading system
Q10 is an AI-based algorithmic indicator that weighs nine separate indicators at their optimum time to identify, enter and exit trades. For more details on how the Q8/10 program works, CLICK HERE.
Q10 does not set a specific Take Profit (TP) or Stop Loss (SL) in the program, as the strategy is based on identifying trends, in a method called Trend Following. Trend Following is a strategy that seeks to capture gains through the analysis of an asset whose price is moving strongly in a particular direction. In this context, trades can vary in duration, ranging from a period of seconds to a few hours, but it is designed to be back in a cash position by end of trading day.
***ONLY available for those eligible to trade Forex outside of the US***
Options Trading Automation
SPY A Options Strategy
A systematic, weekly options trade based on a daily trend.
SPY Call or Put options are purchased on Friday at 3:45pm EST
During the week, trades can be rolled up or closed depending on the read of the indicators.
Still retain manual control to roll your trade, contract number (leverage), or opening and closing any trades at the same time
Trades can and will be held throughout the week
Automated if through our partnership with Tradier brokerage
Recommended minimum account size of $5000, though you control the leverage.
Equity Portfolio Management
Create synthetic stocks using options with automated software. The program uses controlled leverage and multi-level risk management. The idea is to take the “meat” out of big moves, rather than catch the bottom or top of a move.
Unlimited upside potential - ride the equity up, and leverage it!
Defined risk by using options
Systematic method that works when the market goes up or goes down
Three account sizes ($8,000, $18,000, or $25,000 or any multiplier thereof)
Fully automated at Tradier brokerage