Sharpe Shooter

Sharpe Shooter is our first execution tool for license, designed for those seeking a balance between manual and automated trading. It is based on insights gained from experience working on both directional trade desks and market-making desks. The concept behind Sharpe Shooter is to integrate the strategies employed by various market participant types to optimize performance. The objective is to capitalize on the noisy price movements of a futures contract during a market move.

The algorithm manages cover orders for your initial position throughout its operation. If the market retraces multiple times during a directional move, it allows you to achieve smoother and enhanced returns before reaching your target. For traders with a deep understanding of their markets, selectively using this algorithm at optimal times can further smooth returns over multiple uses.

Here is a brief video with an example.

Here is a sample of fills to give you a sense of how it works.

Read more here if you want to dig into the weeds and read about what motivates us to build in this way.

Contact us here if you want to try this algo free for two weeks.

Pallino: On Target