Exclusive: Magick and Atom8 Bring Cloud-Based Automatic Strategies to MetaTrader 4
- Inking its first broker partnership, Magick, a cloud based automatic trading will begin to be offered as a service to Atom8 MetaTrader 4 account holders to speed up development and deployment of their algo trading.

Launched earlier this year as a SaaS offering to individual traders, Magick, a cloud-based strategy builder and deployment technology firm, has finalized its first broker collaboration with UK-based Atom8. Following the partnership, Magick’s services are being made available to Atom8 MetaTrader 4 account holders with traders who meet a minimum volume threshold and are provided the automated trading product for free.

David Andrew, Partner, Atom8
In regards to why they chose to work with Magick versus other systems, Andrews explained saying, “I have been an automated trader for years and Atom8 had initially looked into coding EAs for frequent trading clients. However, that is a time-consuming and expensive proposition. With Magick, traders can build a strategy in under 10 minutes and test it immediately. The speed to Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term is unparalleled for automation.” Andrews added, “What is also great is that Magick listen to their customers' needs/ requests and communicate and answer questions promptly.”

Mikael Breinholst, CEO, Magick
Also speaking to Forex Magnates about the deal, Mikael Breinholst, CEO and Co-founder at Magick, explained that the partnership occurred after “Atom8 performed extensive tests of Magick and our connection to their trade servers and the tests confirmed that we have a very low latency connection to their trade servers.” As a result, although Magick’s services can connect to MetaTrader 4 terminals at any broker, they expect optimal low-latency results for Atom8 customers who connect their account.
In relation to why they partnered with Atom8 as their inauguaral broker, Breinholst answered, “Out of the numerous brokers we are working with we chose Atom8 as the first broker to officially partner with. Similar to Magick, Atom8 is bringing high-quality, institutional grade technology to the retail market and they share our passion for customer engagement and world class customer support.”
Launched earlier this year as a SaaS offering to individual traders, Magick, a cloud-based strategy builder and deployment technology firm, has finalized its first broker collaboration with UK-based Atom8. Following the partnership, Magick’s services are being made available to Atom8 MetaTrader 4 account holders with traders who meet a minimum volume threshold and are provided the automated trading product for free.

David Andrew, Partner, Atom8
In regards to why they chose to work with Magick versus other systems, Andrews explained saying, “I have been an automated trader for years and Atom8 had initially looked into coding EAs for frequent trading clients. However, that is a time-consuming and expensive proposition. With Magick, traders can build a strategy in under 10 minutes and test it immediately. The speed to Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term is unparalleled for automation.” Andrews added, “What is also great is that Magick listen to their customers' needs/ requests and communicate and answer questions promptly.”

Mikael Breinholst, CEO, Magick
Also speaking to Forex Magnates about the deal, Mikael Breinholst, CEO and Co-founder at Magick, explained that the partnership occurred after “Atom8 performed extensive tests of Magick and our connection to their trade servers and the tests confirmed that we have a very low latency connection to their trade servers.” As a result, although Magick’s services can connect to MetaTrader 4 terminals at any broker, they expect optimal low-latency results for Atom8 customers who connect their account.
In relation to why they partnered with Atom8 as their inauguaral broker, Breinholst answered, “Out of the numerous brokers we are working with we chose Atom8 as the first broker to officially partner with. Similar to Magick, Atom8 is bringing high-quality, institutional grade technology to the retail market and they share our passion for customer engagement and world class customer support.”