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Economic News Management Software Suite
Software and Data Suite to empower algorithmic and discretionary traders with actionable intelligence and insights.
WHY IS ECONOMIC NEWS MANAGEMENT IMPORTANT?
Efficient management of economic news events is crucial for any trader - algorithmic or discretionary - to reduce risk and help smooth out the equity curve. However, publicly available economic news services lack the required metrics to make informed trading decisions. Most services merely classify news events as LOW, MEDIUM, or HIGH Impact, and only attribute them to a single currency. This data can therefore lead to sub-optimal decision-making.
Trade Like A Machine has taken this to a new level, allowing each news event to be assigned an impact level on an asset-specific basis. As an example, publicly available news services might provide the following about a news event:
| Datetime | News Event | Currency | Impact |
|---|---|---|---|
| 2024-12-18 19:00 | Fed Interest Rate Decision | USD | HIGH |
This is a good start, but will a Fed Interest Rate decision only affect USD-based assets? No.
Does 'HIGH' provide the necessary granularity to truly determine what the impact on price is likely to be? Again, no.
That's where the TLAM Economic News Software and Data Suite can help. What if you could see detailed metrics (based on previous news events of this type), specific to each asset? Something like this:
| Datetime | News Event | Asset Impacted | Mean Impact Ratio | Mean % Price Change |
|---|---|---|---|---|
| 2024-12-18 19:00 | Fed Interest Rate Decision | EURUSD | 6.94 | 0.37% |
| 2024-12-18 19:00 | Fed Interest Rate Decision | AUDCAD | 4.17 | 0.26% |
| 2024-12-18 19:00 | Fed Interest Rate Decision | NZDJPY | 4.92 | 0.37% |
| 2024-12-18 19:00 | Fed Interest Rate Decision | GBPUSD | 5.49 | 0.33% |
| 2024-12-18 19:00 | Fed Interest Rate Decision | GOLD | 5.93 | 0.62% |
Mean Impact Ratio: The Mean Impact Ratio shows the multiple of the volatility that can be expected following a news release for specific assets (compared with that asset's normal volatility')
Mean % Price Change: Because different assets have different underlying 'normal' volatility, another useful metric is the 'Mean % Price Change'. Although there is some correlation with the 'Mean Impact Ratio' this isn't always the case, especially for assets that have particularly low or high volatility. This is a particularly useful metric for determining if a stop loss or take profit could be hit following news releases.
When combined, these two metrics provide traders with the quantifiable intelligence to decide when it's necessary to take action for the positions they are trading.
For example, if a trader decides that the impact is too great for their strategy's timeframe, they could decide to:
- Avoid opening a new position before upcoming news
- Close an existing position before upcoming news
Both of these approaches can have the effect of reducing risk and hopefully smoothing out the trader's equity curve.
WHAT DO WE OFFER?
There are two options depending on the type of trader and the level of automation required:
- 'Data Only' Service - We offer a data service, effectively providing traders with access to asset-specific ratings for economic news events, enabling them to make manual interventions when necessary.
- 'Software' Service - We offer a software library allowing this to be used within an algorithmic trading environment. The software facilitates event data automatically within the automated trading platform, meaning no manual intervention is required.
To find out more and to receive a quote, use our Contact Page
About The Consultant
A passion for all things analytical, and in particular for automated Algorithmic Trading using Artificial Intelligence and Reinforcement Learning.
Customer Feedback
"Martyn cuts through anything you don’t need to know and jam packs each session with essential value and actionable techniques."
"I must say that the service provided has exceeded my expectations. Martyn doesn’t shy away from sharing the skills and knowledge that he has acquired throughout the years."
"Martyn has equipped me with the right knowledge and tools to become a successful algorithmic trader. What I like about Martyn is that he is not only a great coach but also a successful algorithmic trader himself."
"I have reached a level that I could not have imagined before I started the training. Now I can develop my own strategies avoiding all the traps that most traders are not even aware of."
See more feedback on our training and consultancy services at the bottom of this page
"I’ve been a client of 'Trade Like A Machine' for around 3 years. I’ve worked directly with Martyn Tinsley as a consultancy client over the last 4 to 5 months. To say that I’ve made quantum leaps is no understatement.
Over the years I’ve met with a handful of outstanding traders and fund managers. One that I’ve worked with and actually come away with workable, long-term plan and genuine value is Martyn. Martyn has a remarkable skillset and expertise in the most forward-looking of trading abilities.
Using Martyn’s methods, I’ve already built profitable systems but Martyn teaches long-term thinking and strategising. Working with Martyn has given me total confidence in my own ability to create and update investment strategies over the long-term. He’s shown me how to prove what works in the markets and what doesn't.
He cuts through anything you don’t need to know and jam packs each session with essential value and actionable techniques. I cannot recommend working with Martyn enough. He cares about the results you are going to get and has a strong attitude of capital preservation. He’s also a great guy."
Dr Samuel Beatson
Algorithmic Trader and Investment Manager (Sheffield, UK)
"Martyn has been monumental in my progression to becoming a self-sustained algorithmic trader. He has the foresight and experience to highlight your blindspots quickly, some of which could have taken months or years to recognise on your own.
He lays out very clear and common sense pathways to attaining a robust system and gives you the right tools to build it yourself. He openly articulates frameworks to produce successful systems (that he untises himself) and gives clear insights as to why they matter.
Martyn is backed up with results and experience. He has the ability to talk deeply on any subject related to the financial markets and will have some thoughtful insights into any unique problem you may have. Martyn has given me confidence by giving me knowledge. I am looking forward to our future interactions.
If you take algorithmic trading seriously, having Martyn as part of your journey is essential."
Sean Johnson
Algorithmic Trader (Wellington, New Zealand)
“After trying to wrap my head around algorithmic trading for a year, and after following Martyn on social media and reading his blog and articles, I realized immediately that he was the person that could help me put things into perspective and guide me.
I have taken a couple of the training modules with Martyn, in addition to bespoke consultancy in many areas surrounding algorithmic trading, optimization, and coding. I must say that the service provided has exceeded my expectations. Martyn doesn’t shy away from sharing the skills and knowledge that he has acquired throughout the years. It has been very insightful and eye-opening in many areas. He changed the way I approach trading.
I highly recommend his services for anyone that is seeking a serious path in algorithmic trading.”
Abbas Khelkhali
Algorithmic Trader and Trading System Developer (Dubai - United Arab Emirates)
"Martyn is a great coach and has deep knowledge in the field of algorithmic trading.
He designed a coaching program just for me based on how much I knew about forex trading and systematic trading; he patiently walked me through the program.
Martyn has equipped me with the right knowledge and tools to become a successful algorithmic trader. What I like about Martyn is that he is not only a great coach but also a successful algorithmic trader; this was an incredibly important point for me in my decision to work with him. He made it easy to transition from manual trading to algorithmic trading."
Aboubakar Coulibaly
Algo Trader and Trading System Developer (Dhahran - Saudi Arabia)
“Martyn has a huge knowledge which he is willing to share and he also makes difficult concepts easy to understand. His scientific approach has provided me with a lot of confidence about how to develop and test systems robustly.
The training has been of huge benefit to my knowledge in algorithmic trading. I have reached a level that I could not have imagined before I started the training. Now I can develop my own strategies avoiding all the traps that most traders are not even aware of when trying to develop their own automated trading systems.
I would 100% recommend his training.”
Arnaud Hoffstetter
Professional Trader and Trading System Developer (France)
“It's been an incredible journey with Martyn. We came from the discretionary side of trading and we have been looking for some time for a way to learn algorithmic trading and put our ideas into automated EAs. We performed a lot of research on the internet and Trade Like A Machine was the best choice and this was backed up his multiple track records that demonstrated to us that what he teaches really works!
Martyn has the patience and the ability to teach everything we needed in a really understandable way, even with the barrier of the language (English is not our native language)."
Raymond and Colleagues
Traders (Spain)
Important Note: All information and resourecs provided as part the educational modules and bespoke consultancy are based on our own experience, research and findings. You should always test these ideas out for yourself before using them, to ensure they work for your own personal trading circumstances and style, and before using them for trading purposes. Note that our services are educational only and do not constitute financial investment advice of any sort.
1Some modules include our MT5 EA Framework in the price. However, note that this does not come with any support after the consultancy has finished. It's a case of 'you are free to use it, but you need to understand and support it yourself'. If you did need support for future systems that you develop, or if for example you change code that introduces a bug etc. then free support cannot be provided. You would either need to resolve any issues yourself, or pay for assistance from us on an hourly basis.
2We do not provide tick data with any of the modules but can make recommendations of where this can be sourced at your own cost.
3Some modules include our MT5 'Broker Price Data Metrics Analyser', and 'Data Pre-Processing Application' in the price. However, note that these do not come with any support after the consultancy has finished. It's a case of 'you are free to use them, but you need to understand and support it yourself'. If you did need support in the future, then free support cannot be provided. You would either need to resolve any issues yourself, or pay for assistance from us on an hourly basis.
4EUR and USD costs are provided as an approximate reference. However payments need to arrive in our bank account in GBP, using the GBP figure specified.
About Us
Extracting alpha from financial markets driven by Artificial Intelligence.
Specialists in algorithmic trading for over a decade, 'Trade Like A Machine' now uses trading strategies that are 100% underpinned by Machine Learning models, helping to deliver greater edge and underpin future success.
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