Thursday, July 14, 2011

Tradency Adds Semi Mirroring Function to New Version of Mirror Trader

Tradency Adds Semi Mirroring Function to New Version of Mirror Trader

FOREX Traders Now Have Access to More Information on Strategy Developers Trades

Tradency, BVI, developer of one of the most popular FOREX auto trading platforms, has announced the addition of new features that provides insight on manual trading knowledge and adds Semi Mirroring functionality to the Mirror Trader platform.  The updated Mirror Trader, which was released this week, has led to enthusiastic response from brokers who appreciate the “Trade-by-Knowledge” aspects of the update, according to Tradency officials.

Mirror Trader has gained popularity since its launch as an excellent tool for automatic trading of foreign currency.  Mirror Trader features a database of trading strategies created by worldwide strategy developers.  

Mirror Trader users have been able to mirror selected strategies with automatic trading, but with the addition of the “Trade-by-Knowledge” concept, traders can elect to use new streams of information for manual trading or follow a “Semi Mirroring” strategy for their trades. 
Semi Mirroring is enabled in Mirror Trader by monitoring the Buy/Sell trading signals of strategy developers in real time, and providing the user with the information.  Users have the option to mirror the trade or not.  Information is delivered along with live charts, common oscillators, chart studies and current rates.
This version also includes “sentiments,” an analysis that shows the “buy” and “sell” positions of all platform users and strategies.  Sentiments can be used as a powerful analytical tool for supporting trading decisions.

“The updated Mirror Trader platform gives FXDD clients the choice to follow automatic, manual or semi-mirroring strategies. The addition of the new features makes Mirror Trader a versatile trading platform for a broad base of FXDD traders,” said Mike Zimkind, Sales Manager at FXDD. Get a free try of FXDD AUTO by Tradency

Lior Nabat, president and CEO of Tradency agrees.

“When you know what other traders are doing, it puts valuable information into the hands of the Mirror Trader user, and now traders have the option of following the signals based on their own knowledge and objectives,” he said

Mirror Trader maintains a constantly updated data base of trading strategies.  The system provides trading information in real time, so traders can view the actions of strategists and choose whether or not to mirror that strategy.

“Tradency continues to add features that allow traders to control their risks and control their trades, and with this new Semi Mirroring function, traders can now choose between manual trading, automatic trading, and Semi-Mirroring, combining the strategies based on their own knowledge, risk tolerance, and account objectives,” says Nabat. 

Try the Tradency  Mirror Trader Paltform below or register a free practice account

About Tradency

Tradency BVI. is a financial technology provider of innovative trading solutions. The Mirror Trader, Tradency’s advanced trading platform, introduces traders to new trading techniques, including Semi Mirroring and Automatic Mirroring. The Mirror Trader offers traders a comprehensive trading workspace, with variety of popular trading tools as well as unique features and personalized options.  Tradency’s Platform offers traders a flexible choice of combining its groundbreaking approach with traditional online trading methods. Since its inception in 2005, Tradency has pioneered this new method, creating a new category of platform trading. Tradency continues to innovate its technology, reinforcing its reputation as the creator of cutting-edge industry practice.