InovanceTechnologies Launches TRAIDE 2.0 with EA Exporting for MT4 Traders

InovanceTechnologies has launched its newest version of its trading strategy analyzer, TRAIDE 2.0. Launched in December of last year, TRAIDE uses machine learning technology to help traders develop automated strategies. The product works with users choosing the underlying security they want to analyze, along with technical indicators to be used in the strategy. TRAIDE then analyzes past performance to calculate which combinations of technical indicators prove to be the most profitable to trade.

Adding functionality, TRAIDE has integrated the ability for users to export their strategies as Expert Advisors (EA) to be compatible with the MetaTrader 4 platform. The feature allows for traders without programming knowledge to easily source the code they need for implementing automated trading in their MetaTrader 4 platform.

Currently available for free, TRAIDE is being positioning to appeal to MetaTrader 4 traders. Excluding Japanese brokers, retail volumes executed on the MetaTrader 4 platform account for about 45% of the retail 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 industry according to Q4 statistics from the Forex Magnates Quarterly Industry Report.

Overall, automation services in the retail forex sector has been an active market, with startups such as Magick and Qubitia launching last year to provide Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term based algorithmic trading development and deployment.