A Black Box system refers to an automated, rule-driven algorithm for producing entry and exit levels for a futures trading system.
Specific entry and exits are programmed using computer programs. Such programs can be very simple or tremendously complex and can be written in a wide variety of programming languages.
An important component of Black Box system trading provides for back testing. Back testing provides a system developer with a mechanism to observe historical returns based on a given set of rules for an algorithmic trading system.

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