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InovanceTechnologies Launches TRAIDE 2.0 with EA Exporting for MT4 Traders

Adding features to its machine learning algorithmic trading analyzer, Inovancetech has launched TRAIDE 2.0 with EA exporting enabled.

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.

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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 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 based algorithmic trading development and deployment.

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