ForexEgg launches FX algo trading system

Source: ForexEgg

ForexEgg, the premier resource for Forex market analysis, announced this week the launch of its Forex algorithmic trading system.

"We feel confident that our statistical model will perform well and we strive to publish weekly trading reports, which show trading activity for the week," says Muhammad Hafeez, software developer for ForexEgg. Each report will list all trades for the week. The reports will also include a profit distribution chart and individual price charts for all trades.

This Forex algorithmic trading program utilizes ForexEgg's Price Analysis Tool to base trade decisions. The Price Analysis Tool determines the current slope and projects the trajectory of future rates. Currently, four major currencies are traded: AUD/USD, EUR/USD, USD/CAD, and USD/JPY.

Algorithmic trading is widely used by institutional investors, but it is also used by market makers and hedge funds to provide market liquidity. Algorithmic trading can be used in any electronic financial market and with any strategy. The speed that trades execute, make it possible to profit from minute movements and spreads. 

Comments: (0)