Systematic trading - A fully rules-based (algorithmic) approach where all signals and trade executions are automated. Systematic trading means the strategy’s logic is written into code (MQL5, c#, Python, etc) so that on each tick or bar the system decides by formula. For example, a systematic EA will use
OnTick() (MetaTrader) or
OnBar() (cTrader) methods to check predefined conditions (crossover, volatility breakout, etc.) and then automatically place orders. Python backtest frameworks like Backtrader embody systematic strategies by applying the same code to historical data for backtesting and to live feeds for execution. As Topstep explains, systematic traders rely on “specific rules that determine markets and entry and exit points,” and as automation advances, many complex strategies have become fully systematic. Systematic robots eliminate human emotion and run round-the-clock – crucial for Forex’s 24/5 market.
