Patent ID: 7158951
Filing Date: 2007-01-02
Classification: G06Q

Abstract:
1. A computer-implemented method executed on a computer of trading a position in a security which has a value and which is actually being traded, comprising the steps of: (A) entering, by way of human intervention, a trading time delay period in a range of from minutes to hours at a graphical user interface of said computer; (B) acquiring a first position in the security; (C) determining a reference price for the security at a first point in time; (D) monitoring the actual value of the security over a period of time; (E) receiving an input corresponding to a differential in said actual value of the security during said period of time, said differential being either the difference between said actual value and said reference price or a percentage change in said reference price; (F) determining a trigger price for the security as a function of said differential and said reference price; (G) outputting instructions to liquidate said first position in the security when said actual value of the security reaches or passes said trigger price moving in a first direction, step (G) being performed by said computer, and without human intervention, after the performance of steps (A)–(F); (H) continuing to monitor the actual value of the security after step (G); (I) determining when said actual value of the security first reaches or passes said trigger price moving in a second direction, said second direction being opposite said first direction; (J) waiting said trading time delay period after the performance of step (I) to avoid trading the security prematurely due to fluctuations of said actual value of the security around said trigger price; and (K) outputting instructions to reacquire a second position in the security, step (K) being performed by said computer, and without human intervention, after the performance of step (J).