The Mirror Trader

The Mirror Trader is a gateway to a wide range of Forex trading strategies. It enables automatic real-time execution, based on the trader’s individually selected strategies.

 

The Mirror Trader uses cutting edge technology to provide traders with a user friendly interface, rich graphic indicators and robust execution. In addition, the platform offers innovative trading tools such as smart filters, T-Score and comprehensive, real-time strategy status cards, designed to assist traders in making educated trading decisions.

The Mirror Trading^® Concept

The platform introduces Forex traders to the mirror trading concept, a new method in trading that enables traders to ‘mirror’ strategies developed by other experienced Forex traders.

In order to start trading, the trader adds the selected strategies to his portfolio. The Mirror Trader will automatically execute and manage orders according to specific parameters and conditions as dictated by the chosen strategy.

The Strategies

Tradency cooperates with many experienced strategy developers. The Mirror Trader presents detailed performance data of each and every strategy, allowing the trader to make selections based on a thorough analysis and clear understanding. In addition, Tradency has developed the T-Score which analyzes the strategy’s performance data, while paying extra attention to risk and reward. A high T-Score indicates that the strategy is performing well under current market conditions.

The Mirror Trader^TM Advantages:

• Mirrors experienced traders’ strategies in real time
• Advanced tools for selecting strategies according to a trader’s preferences
• T-Score – Indicates strategies that perform well under current market conditions
• Visual display of the strategies’ performance
• Automatic mirror trading and manual trading in one platform
• Takes advantage of market situations around the clock

Basic guidelines for using the Mirror Trader^TM

• The first step in setting up an account is selecting strategies to build your portfolio. Use the Smart Filter to identify suitable strategies according to your specific trading criteria. Simply define three basic trading parameters (initial balance, trade size and time frame) that reflect your preferences and let the Smart Filter find the appropriate strategies. Once completed, simply click on the “+” to add the strategies to your portfolio.

• The key for successful mirror trading is to select the right strategies for your portfolio. In order to help you make an educated choice, the Mirror Trader platform provides detailed information about the past performance of each and every strategy. In addition you can learn more about the strategies, by clicking on the strategy name to view the strategy card.

• After you identified the strategies you want to trade for you, it is time to set your risk management.
  Start by setting your trade size for the strategy. This will determine the trade size of each position opened by your selected strategy. In addition you also have an option to set an approximate loss limit for each strategy in your portfolio, by using the ‘pause’ feature. When the strategy reaches the Pause level, the strategy is automatically inactivated.

• Once you have created your portfolio, the account is active and ready to trade. Each trade generated by one of your chosen strategies will automatically open in your account.
  Tip: Pay attention to the exposure meter that represents the risk level of the portfolio.

• You can view all your open positions in the “open positions” section. Although the positions were opened by the strategies, you have full control on your account and you can easily close or modify each open position as you see fit.

• The Mirror Trader provides various options for visual display of the account status. You can view grids and/or graphs, and even choose between graph styles including bar, pie or curve graphs.

• You can easily open a manual position directly from the “currency pairs” at the top of the platform. You can change any or all of the rates displayed as required.

Past 1 months,
I have been using trading strategies called:
-Secretory Rate NH (EUR/JPY)
-GL-FOREX (GBP/CHF)
-Gamete Game Maker NH (AUD/JPY)
Test out or look into the strategies I am talking about by opening a free demo account here:

http://bit.ly/mirrordemo

Or read more about it here:

http://bit.ly/Mirror-Trader-Info

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