RoboX offers a simple yet powerful tool to manage investments based on trading algorithms without the need to learn a thing.
Long established copy trading platforms provider Tradency is now ready to deploy a whole new type of retail investing solution. Finance Magnates recently met with the founder and CEO of Tradency, Lior Nabat, at the firm’s offices where we got to learn from him about the development process and motivation for the new offering called RoboX.
Nabat explains that currently brokers face two main issues with copy trading that can be greatly improved with the new service. First, despite the high degree of trading automation, clients still need to learn how to use the platform to find the best strategies for them, to apply them to the time frames of currency pairs or CFDs they want and to calculate the level of risk they can afford to stand. All this takes time and resources from the brokers to teach and for the clients to learn – time that could be used for trading.
Second, copy trading creates a problem whereby successful trading strategies cannot be sustained in the long term. Beyond the fact that different strategies fit different market conditions, Tradency’s analysis shows that over-consolidation on a few winning strategies causes Liquidity problems that make them no longer attractive. Simply put, many strategies rely on exploiting small opportunities to gain from the fluctuations in the market but once they have too many followers they cannot get the same rates for all of them and thus Slippage ruins the overall performance.
RoboX is a solution to the current problems with copy systems as it offers a simple yet powerful tool to manage investments based on trading algorithms without a need to learn a thing. Additionally, it prevents the human tendency of flocking to a single leader which causes too much volume to degrade the performance of a strategy relying on capturing a few pips at a time.
From a user perspective, all you have to do is to log in to the website, answer a few straightforward questions about your targets and risk appetite/tolerance and the system will present you with a tailored basket of strategy packages and money allocation recommendations to review, modify and approve. The whole process takes about thirty seconds and you’re ready to go. For those looking for more control, positions can be closed manually at all times and a simple switch can turn the system to user approval mode so that signals will require conformation before executing.
Behind the scenes, RoboX works by selecting the best performing strategies that fit the criteria rules set by the user’s initial answers. The system uses big data mining techniques to go over the millions of combinations possible (of strategies, time frames and instruments) to automatically update the packages every day for best performance for each client.
Over the last decade Tradency had more than one million strategies and 650 million signals going through its systems as well as about one million end users in total. This gives the firm ample statistics about the way traders pick the best (or sub-optimal in many cases) strategies for themselves, which the new offering builds upon. The developers have been working on RoboX for the past year and a half and six of Tradency’s top brokerage clients (from Japan, Europe and the U.S) have already started testing the system.
For brokers the new system offers a way to approach a new type of client, those looking for exposure to the FX market but have no time or desire to learn it or constantly adjust the strategies they follow as conditions change. The number of such passive investors can be much higher than the active traders that brokers target today and if they will market it correctly we can see a brand new ecosystem opening up in the field.
Long established copy trading platforms provider Tradency is now ready to deploy a whole new type of retail investing solution. Finance Magnates recently met with the founder and CEO of Tradency, Lior Nabat, at the firm’s offices where we got to learn from him about the development process and motivation for the new offering called RoboX.
Nabat explains that currently brokers face two main issues with copy trading that can be greatly improved with the new service. First, despite the high degree of trading automation, clients still need to learn how to use the platform to find the best strategies for them, to apply them to the time frames of currency pairs or CFDs they want and to calculate the level of risk they can afford to stand. All this takes time and resources from the brokers to teach and for the clients to learn – time that could be used for trading.
Second, copy trading creates a problem whereby successful trading strategies cannot be sustained in the long term. Beyond the fact that different strategies fit different market conditions, Tradency’s analysis shows that over-consolidation on a few winning strategies causes Liquidity problems that make them no longer attractive. Simply put, many strategies rely on exploiting small opportunities to gain from the fluctuations in the market but once they have too many followers they cannot get the same rates for all of them and thus Slippage ruins the overall performance.
RoboX is a solution to the current problems with copy systems as it offers a simple yet powerful tool to manage investments based on trading algorithms without a need to learn a thing. Additionally, it prevents the human tendency of flocking to a single leader which causes too much volume to degrade the performance of a strategy relying on capturing a few pips at a time.
From a user perspective, all you have to do is to log in to the website, answer a few straightforward questions about your targets and risk appetite/tolerance and the system will present you with a tailored basket of strategy packages and money allocation recommendations to review, modify and approve. The whole process takes about thirty seconds and you’re ready to go. For those looking for more control, positions can be closed manually at all times and a simple switch can turn the system to user approval mode so that signals will require conformation before executing.
Behind the scenes, RoboX works by selecting the best performing strategies that fit the criteria rules set by the user’s initial answers. The system uses big data mining techniques to go over the millions of combinations possible (of strategies, time frames and instruments) to automatically update the packages every day for best performance for each client.
Over the last decade Tradency had more than one million strategies and 650 million signals going through its systems as well as about one million end users in total. This gives the firm ample statistics about the way traders pick the best (or sub-optimal in many cases) strategies for themselves, which the new offering builds upon. The developers have been working on RoboX for the past year and a half and six of Tradency’s top brokerage clients (from Japan, Europe and the U.S) have already started testing the system.
For brokers the new system offers a way to approach a new type of client, those looking for exposure to the FX market but have no time or desire to learn it or constantly adjust the strategies they follow as conditions change. The number of such passive investors can be much higher than the active traders that brokers target today and if they will market it correctly we can see a brand new ecosystem opening up in the field.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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