m-FINANCE CEO Dick Tam was invited to deliver a speech on the new trends of automated trading systems. Expert Advisor (E.A.) is recognized as the major automated trading system in the market, Mr. Tam said, however, the threshold of E.A. programming is a bit too high to be mastered by general traders. For example, writing E.A. requires traders to have advanced programming skills, understand the theories of different technical indicators and equip with knowledge of mathematics and statistics. However, these characteristics are rarely seen on most of the traders. That is to say, E.A. may be just the privilege of professional traders.
“Time has changed. Automated trading is no longer a minority group’s privilege, but could be easily accessed by the general public.” Mr. Tam explained, the market trend is to make automated trading systems intelligent, allowing users of different levels to use it without any programming experience, so as to lower the threshold of traditional automated trading. In a broker’s perspective, the new generation of automated trading system is good for reaching more diversified clients, as well as increasing clients’ trading volume and retention rate. Mirror Trader and RoboX, developed by Tradency which is a world-class fintech company, are the two major players of this new kind of automated trading system. In August this year, m-FINANCE has partnered with Tradency to provide these two platforms to its brokers, which allows clients to easily get access to personalized automated trading strategies and enjoy 24-hour happy trading.
Mr. Tam then demonstrated how the systems work. Mirror Trader is a smart automated trading system which has been gaining popularity in Japan for years. It is a good fit for experienced traders as it follows top-notch professional strategists and allows traders to customize strategies and risk control, such as stop/limit orders, position limit and strategy pause, etc. And for RoboX, auto trades can be done in three simple steps, where users only need to answer questions of risk preference and trading method and select the most suitable trading packages for themselves. Besides, each trading package comprises the most profitable strategies which are selected by a unique algorithm from Tradency’s strategies pool with constant update to maintain the portfolio at optimal performance. It is noteworthy that the performance of these strategies is based on live account with real money, which is more trustworthy than normal back testing results.
After Mr. Tam’s speech, many brokers and traders came to m-FINANCE’s booth and expressed deep interest in these products.
Now, Mirror Trader and RoboX are seamlessly integrated into m-FINANCE’s trading system. A number of brokers are ready or being prepared for collaborating with m-FINANCE to provide these two platforms to their clients. m-FINANCE believes that the new generation of automated trading system will gradually become one of the key ways to expand brokers’ client base.
