More than FX, Equities Arrive to Inovance’s TRAIDE Algo Trading Platform
- After launching TRAIDE to forex traders, Inovance Technologies is adding support for creating stock based automated strategies.
Created to lower the barriers of machine learning algorithms for trading is Inovance Technologies’ TRAIDE platform.
Since releasing the product to the public beta in 2014, the platform has evolved to target the online retail trading sector. Initially focusing on Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading, traders are able to enter a forex pair and add indicators and time frames with TRAIDE using machine learning technology to provide optimal parameters for trades. Strategies can then be converted to MQL language in the form of Expert Advisors (EA) for MetaTrader 4 traders.
Further expanding TRAIDE’s features, Inovance has announced that it has added equity analysis, with 3000 stocks now being supported. Speaking with Justin Cahoon, COO at Inovance, he explained that adding stocks is a natural progression for the system as customers had expressed interest for them as well as the fact that “CFDs have become more popular so makes sense to offer variety.”
According to Cahoon, the product currently has about 300 active users that create at least one strategy a week. Of their users, about 40% use the product to convert strategies to EAs to help them with their automated trading.
Currently, TRAIDE is still available as a free product with Cahoon explaining that Inovance is focused on growing its user base and gaining customer feedback. Among users are algorithmic traders that use TRAIDE to build and automate their trading and that express to Inovance that they view the product as “the future of where algorithmic trading is going”.
Down the line, Cahoon cited that the company’s business plan is to license TRAIDE to brokers. In this regard, Inovance has partnered with several brokers such as Darwinex and Core Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term to provide TRAIDE to their customers. In regard to Darwinex, Inovance has plans to utilize its backtesting diagnostics tool.
Created to lower the barriers of machine learning algorithms for trading is Inovance Technologies’ TRAIDE platform.
Since releasing the product to the public beta in 2014, the platform has evolved to target the online retail trading sector. Initially focusing on Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading, traders are able to enter a forex pair and add indicators and time frames with TRAIDE using machine learning technology to provide optimal parameters for trades. Strategies can then be converted to MQL language in the form of Expert Advisors (EA) for MetaTrader 4 traders.
Further expanding TRAIDE’s features, Inovance has announced that it has added equity analysis, with 3000 stocks now being supported. Speaking with Justin Cahoon, COO at Inovance, he explained that adding stocks is a natural progression for the system as customers had expressed interest for them as well as the fact that “CFDs have become more popular so makes sense to offer variety.”
According to Cahoon, the product currently has about 300 active users that create at least one strategy a week. Of their users, about 40% use the product to convert strategies to EAs to help them with their automated trading.
Currently, TRAIDE is still available as a free product with Cahoon explaining that Inovance is focused on growing its user base and gaining customer feedback. Among users are algorithmic traders that use TRAIDE to build and automate their trading and that express to Inovance that they view the product as “the future of where algorithmic trading is going”.
Down the line, Cahoon cited that the company’s business plan is to license TRAIDE to brokers. In this regard, Inovance has partnered with several brokers such as Darwinex and Core Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term to provide TRAIDE to their customers. In regard to Darwinex, Inovance has plans to utilize its backtesting diagnostics tool.