Multi-agent platform to support trading decisions in the FOREX market

Abstract Trading decisions often encounter risk and uncertainty complexities, significantly influencing their overall performance. Recognizing the intricacies of this challenge, computational models within information systems have become essential to support and augment trading decisions. The paper introduces the concepts of trading software agents, investment strategies, and evaluation functions that automate the selection of the most suitable strategy in near real-time, offering the potential to enhance trading effectiveness. This approach holds the promise of significantly increasing the effectiveness of investments. The research also seeks to discern how changing market conditions influence the performance of these strategies, emphasizing that no single agent or strategy universally outperforms the rest. In summary, the overarching objective of this research is to contribute to the realm of financial decision-making by introducing a pragmatic platform and strategies tailored for traders, investors, and market participants in the FOREX market. Ultimately, this endeavor aims to empower people with more informed and productive trading decisions. The contributions of this work extend beyond the theoretical realm, demonstrating a commitment to address the practical challenges faced by traders and investors in real-time decision-making within the financial markets. This multidimensional approach to financial decision support promises to enhance investment effectiveness and contribute to the broader field of algorithmic trading.

Authors

Institutions

Publication Details

Journal
Applied Intelligence
Published
2024-08-30
DOI
https://doi.org/10.1007/s10489-024-05770-x
Citations
10
Primary Topic
Stock Market Forecasting Methods
Type
article
Field-Weighted Citation Impact
4.90

Funders

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Multi-agent platform to support trading decisions in the FOREX market

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10 citations
Applied Intelligence
Stock Market Forecasting Methods
4.90
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Multi-agent platform to support trading decisions in the FOREX market

Jerzy Korczak, Marcin Hernes, Dariusz Król, Maciej Pondel, Jörg Becker
article en
10 citations

Abstract

Abstract Trading decisions often encounter risk and uncertainty complexities, significantly influencing their overall performance. Recognizing the intricacies of this challenge, computational models within information systems have become essential to support and augment trading decisions. The paper introduces the concepts of trading software agents, investment strategies, and evaluation functions that automate the selection of the most suitable strategy in near real-time, offering the potential to enhance trading effectiveness. This approach holds the promise of significantly increasing the effectiveness of investments. The research also seeks to discern how changing market conditions influence the performance of these strategies, emphasizing that no single agent or strategy universally outperforms the rest. In summary, the overarching objective of this research is to contribute to the realm of financial decision-making by introducing a pragmatic platform and strategies tailored for traders, investors, and market participants in the FOREX market. Ultimately, this endeavor aims to empower people with more informed and productive trading decisions. The contributions of this work extend beyond the theoretical realm, demonstrating a commitment to address the practical challenges faced by traders and investors in real-time decision-making within the financial markets. This multidimensional approach to financial decision support promises to enhance investment effectiveness and contribute to the broader field of algorithmic trading.

Applied IntelligenceVol. 54(22)
Wrocław University of Science and Technology (PL), University of Münster (DE), Wroclaw University of Economics and Business (PL), International University of Logistics and Transport in Wrocław (PL), AGH University of Krakow (PL)
Ministerstwo Edukacji i Nauki
Peace, Justice and strong institutions
Openalex Percentile: Top 5%
Stock Market Forecasting Methods
4.90
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