SignalTrader is the latest project of the guys behind Forexpros. Basically this is another take a the growing auto-trading strategies market. Traders can follow other traders’ signals and emulate their trades. For now this works with only three brokers but I’m sure more will be added soon.
Signal Trader, the leading solution for automated trading and live trading rooms, has launched its innovative auto-execution trading system for Forex, Commodities and Indices, with FXCM, Forex.com and Ava FX.
Signal Trader innovative auto-execution system gives clients access to a full range of trading strategies for Forex, Indices and Commodities which are already being used by prop traders in Signal Trader live trading rooms. The auto-execution system allows clients to simply select the trading strategies employed by the prop traders which most closely match their own trading preferences and apply them to their personal brokerage accounts. The ground breaking trading system automatically implements orders according to the chosen auto-execution settings and allows users to select multiple trading room signals to execute in one brokerage account.
Signal Trader clients have access to a comprehensive array of advanced trading and money management options, designed to control risk exposure. Users can fully define trading parameters, including trade sizes, as well as monitoring trades, positions and profit and loss, all in real time. Signal Trader clients can now choose one of the selected brokerage firms, including AvaFX, Forex.com and FXCM to open their live trading accounts and begin auto-trading on the full spectrum of financial instruments, including Forex, Commodities and Indices.
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“By teaming up with brokerage partners who offer our clients the ability to trade across the full range of financial instruments we are ensuring that all our clients can diversify their portfolios, while the auto-trading system allows clients to focus on their money management and trade in an objective way,” John Miller, product manager at Signal Trader said.
In addition, Signal Trader provides clients with signal alerts based on the trading activity of prop traders, via email or on the charts displayed on each live trading room.
About Signal Trader
Signal Trader was established in order to bridge the gap between prop traders and people with an interest in trading, by providing an automated trading system and live signal alerts. The website has been designed so that clients can observe and learn from prop traders as they trade and build their own portfolios based on the trading activity of the prop traders they wish to follow.