FxPro Quant, a user-friendly algorithmic strategy builder.
This article is originally referred from FXPro News.
Trading algorithms are sets of trading instructions installed on a platform with the purpose of monitoring the market for specific conditions.
When pre-set parameters are met, trades are executed automatically, with orders being sent directly to your broker’s trade server.
Thus, an algorithmic trading strategy places orders without the need for you to trade manually.
Merits of Algorithm Trading?
As any trader will tell you, there are many advantages to algorithmic trading.
Firstly, trading with the use of algorithmic strategies naturally reduces the time you spend monitoring the market, waiting for that perfect trading opportunity to place your order.
This is because your algorithms will identify good opportunities and execute trades on your behalf, without requiring any manual input.
Equally important is the fact that algorithmic trading may minimize mistakes and increase the accuracy of your trades, as all calculations are carried out by algorithms.
In addition, algorithmic trading reduces the stress and anxiety associated with manual trading as it is less prone to mistakes and prevents you from placing orders on impulse when the market moves in an unfavorable direction.
FXPro Quant to help you create Trading Strategies
It used to be the case that the creation of algorithmic strategies required the knowledge and use of complex coding languages.
To help traders overcome this obstacle, FxPro has introduced FxPro Quant, a user-friendly algorithmic strategy builder that allows anyone to turn their trading style into an algorithmic strategy without the use of coding languages.
Quant features an easy-to-use interface, as well as a library of technical indicators, mathematical functions and logical operators which you can drag and drop onto your workspace area, before connecting them to create complex strategies for MT4 and/or cTrader.
Once you set all required parameters and finish your strategy, you may save it,* export it and apply it to your trading with a few simple steps.
A range of customizable templates, video guides and comprehensive user guides are readily available to help even beginner traders formalize their trading style.
The FxPro Quant Strategy Builder can be used by registered and unregistered users alike at no extra cost.
In addition, Quant is web-based, so that you may use it from any browser without the need to install it.
You may test your strategies on historic data in a risk-free, demo environment on the FxPro MT4 and/or FxPro cTrader platforms in order to improve them and achieve the desired performance.
Visit the official website to access FxPro Quant and start building your strategies.
Original Source: FXPro News