Tradency’s new mirror trading platform has gone live at FXCM. Traders with a Forex System Selector account at FXCM LTD will have access to a range of new features introduced to enhance trading capabilities and take the mirror trading concept to the next level. The mirror trading technology originated by Tradency provides traders with a gateway to a wide range of qualified and backtested forex trading strategies. It allows traders to “mirror” and instantly apply these strategies that have been developed by other experienced forex traders.
The platform’s versatility and flexibility comes in the ease with which traders can switch between strategies; open, close or modify individual trading positions; or choose to shift from mirror trading to manual trading on this one platform. Clarity is improved with the platform’s new user-friendly graphical interface and rich graphic indicators. Accuracy is enhanced using the Smart Filter tool, which is designed to identify suitable strategies according to users’ specific trading criteria. Strategy cards provide performance details and updates on individual strategies to help users choose the strategies they prefer. Also, new to the platform is a strategy scoring system called “T-Score” which analyzes each strategy’s performance.