Better System Trader – Trading Market Internals

Trading Market Internals by Better System Trader, created by Andrew Swanscott who has been developing and trading mechanical systems since 2004. This program teaches 32 proven market internals strategies for systematic traders who want to improve strategy performance and reduce drawdowns using breadth indicators.

What’s Inside Trading Market Internals

Market internals measure the underlying strength of the overall market—not just where the index is trading, but how many stocks are actually participating in moves. When the S&P 500 rises but most stocks are declining, that’s valuable information a price chart alone won’t show you. This program teaches how to use that information systematically.

The core of the program is 32 exclusive market internals filters. These aren’t theoretical concepts—they’re specific, implementable rules you can add to existing trading strategies. The documented backtests show these filters have reduced strategy drawdowns by up to 59% in tested examples while improving net profit and win rates.

Module 1 covers breadth indicator fundamentals. You’ll learn advance/decline lines, new highs versus new lows, up/down volume ratios, and percentage of stocks above moving averages. Understanding what each indicator measures helps you choose the right filters for your specific strategies. For foundational trading knowledge, Larry Williams Annual Forecast provides complementary market timing insights.

Module 2 focuses on filter implementation. The challenge with market regime filters is avoiding over-optimization. A filter that looks perfect in backtests often fails live because it was curve-fit to historical data. Andrew teaches implementation methods that maintain out-of-sample validity.

Module 3 covers practical application across different strategy types. Not all filters work with all strategies. You’ll learn which internals work best with momentum strategies, mean reversion systems, and trend-following approaches. The module includes specific examples with before/after performance metrics.

Module 4 addresses combining multiple filters and building comprehensive regime detection systems. Rather than using a single indicator, you can build robust filters that confirm across multiple breadth measures. Similar systematic approaches appear in Orderflows 10 Week Program for order flow analysis.

About the Creator

Andrew Swanscott founded Better System Trader and has been developing mechanical trading systems for the US and Australian stock markets since 2004. In his search for trading success, he’s tried countless methods, read loads of books, and attended seminars with top traders in Australia and internationally.

The Better System Trader podcast has interviewed professional traders, including Larry Williams, Ernest Chan, and other systematic trading experts. With over 200 episodes, the podcast has become a trusted resource in the algorithmic trading community. The platform focuses on evidence-based trading education—strategies backed by actual backtests rather than marketing theories.

Andrew’s approach emphasizes practical implementation over theory. He shares what actually works in systematic trading, including the challenges and failures that most educators hide. This transparency has built trust with systematic traders who want real information, not sales pitches.

What Are Market Internals?

Market internals (also called market breadth) measure the participation of individual stocks in market moves. While index prices tell you where the market is, breadth indicators tell you the quality of that move.

For example, if the Nasdaq rallies 2% but only 30% of stocks are advancing, that’s a warning sign—a narrow rally often precedes reversals. Conversely, if 80% of stocks participate, that’s a healthier, more sustainable move. Using this information to filter your trading signals can dramatically improve results.

The key insight: trading in sync with favourable market conditions and avoiding unfavourable ones is often more important than the specific strategy you use. Market internals help you identify which regime you’re in.

Who This Course Is For

• Systematic traders with existing strategies who want to reduce drawdowns
• Traders comfortable with backtesting software (AmiBroker, TradeStation, Python)
• Those trading stocks or equity index strategies where breadth data applies
• Quantitative traders looking to add regime filters to their systems
• Anyone seeking data-driven methods to improve strategy performance

For related systematic trading resources, explore Trading courses. If you need to build trading discipline alongside systems, Smart Raja Concepts covers trading psychology.

Why get it here: Original price $497 — instant download at a fraction of the cost. If the link breaks, we replace it within 24 hours. 30-day money-back guarantee if files are corrupt.

Trading Market Internals FAQ

Is this the complete course?
Yes. All 32 market internals filters, video modules, implementation guides, and backtesting templates included.

What version is this?
This is the current release of Trading Market Internals with all documented filter strategies.

How do I access it after purchase?
Instant download link provided immediately after payment. Complete package in one download.

Who created this course?
Andrew Swanscott, founder of Better System Trader, trading systematic strategies since 2004.

What if the download link doesn’t work?
Contact us and we’ll replace it within 24 hours.

Is there a refund policy?
Yes. 30-day money-back guarantee if files are corrupt or incomplete.