TRADERS WORKSHOP
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execution the experience is intuitive and user friendly. During the strategy selection process the Mirror Trader guides the user to identify and isolate the most suitable strategies from many thousands available. Tis filtering process has been designed in such a way that it is elementary for the user, yet highly effective. Applying the chosen strategy to ones’ account is a simple two click process and highly visual.
During signal execution and management, the user is presented with graphical representation of their positions in real time, combined with statistical breakdown of performance by currency pair, strategy and system type. Whilst trades are open, the user can modify and/or close trades as they wish without affecting other trades. With this in mind, it is clear to see the user is always in the driving seat of their account.
Te Mirror Trader allows multi account management from a single login. An excellent function for multi account managers. Te Mirror Trader has evolved over the years with the addition of many unique tools and functionality. Te Mirror Trader’s technology will continue its innovative path into 2011 with even greater flexibility for the user and more powerful trading tools.
Benefits
In addition to the well-known advantages of automated trading such as the ability to trade 24/7 within a considerable array of currencies, removing the emotions and the ability to stay with a proven system, the mirror trading has quite a few benefits: Firstly, in mirror trading, some of the 3rd Party strategies are manual and some are automatic; however, all of the strategies are managed and controlled by humans. Tis means that the algorithm- based strategies are constantly updated according to the market.
Furthermore, the Mirror Trader contains only real trading signals that have been recorded in a virtual account. Every closed trade is recorded – so traders see real trading results as the provider intended, unlike many automated trading systems, which contain only back-test results. Te history contained on the Tradency platform is real, reliable and authentic, and not something that has been generated by a signal provider.
Another benefit is the variety of strategies. Te user can choose from more than 1500 different strategies available on the Mirror Trader, each with their own characteristics. In addition to pure speculation,
156 | april 2011 e-FOREX
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