Trade by Knowledge
What is Mirror Trading?
Mirror Trading is the core concept behind the unique offering of the Mirror Trader, Tradency’s innovative trading platform. The Mirror Trader provides technology for retail clients, which traditionally had only been available to institutional traders.
The Mirror Trading concept is quite simple: Tradency servers keep track of strategy developers’ “buy” and “sell” signals. By using the Mirror Trader platform, traders can view, analyze and evaluate signals sent by experienced traders and execute the signals in their own account.
How Does Mirror Trading® Work?
Strategy developers from around the world share their knowledge with users of the Mirror Trader platform. Tradency records all strategy developers’ “Buy” and “Sell” signals. This information assists Mirror Trader's users to decide which strategy’s signals they would like to have executed in their own brokerage accounts.
Mirror Trader important characteristics:
Live market charts. Traders can analyze the chart by zooming in and out of the chart, changing time frames and choosing between different chart types.
The portfolio is the combination of the traders selected trading strategies for automatic mirroring. Creating an effective and balanced trading portfolio will diversify the traders' investment profile. Each trade generated by one of the trader's chosen strategies will be opened automatically in the trader's account.
Indicator, oscillators and chart studies are available in one click. In addition traders can see the distribution of open “buy” and “sell” position of users and strategies.
The Mirror Trader presents detailed summary of the strategies performance, helping traders making educated choices. In the strategy card traders can find in-depth information about the strategies.
A stream of all the “buy” and “sell” signals generated by the strategies providers. Traders can choose specific trades they want to “mirror” and execute in their account. Trader may also use these signals to support their trading analysis.
The key to successful mirroring is choosing the right strategies.The custom filters will identify suitable strategies according to the traders trading flavor and criteria.
Advantages for traders
Since 2005 the Mirror Trader platform has gained popularity with tens of leading financial institutions. The Mirror Trader’s popularity derives from its real, tangible value for traders. These values are validated by the understanding that the various tested and monitored strategies and the system's automation capabilities, puts the traders in a position where they can orchestrate a well-balanced collection of winning strategies.
The traders choose from the vast amount of Mirror Trader's tested and monitored strategies and build their own team of winning strategies.
These strategies trade automaticly 24/6. Traders can add, reamove or modify money management settings to suit their trading preferences.
According to a recent survey conducted among 1000 live, active users:
• 90.2% say Mirror Trader is easy to use
• 92.4% like the 24/6 automated trading capability
• 80.6% say they consider Mirror Trader as a long term
Easy to use
Forex Mirror Trader
A web based platform interface which has a full trading functionality for automated strategies trading and manual trading. Client journey is thoughtfully planned to allow quick activation of the account. The trades in the client account are mirroring the trades generated by the strategies selected to the client active portfolio. The platform provides full transparency of the strategies performance and the account status parameters. The Mirror Trader platform has tools enabling clients to evaluate and consciously select strategies to their portfolio.
The Mirror Trader 3 Methods of Trading:
Automatic Mirror Trading Clients select strategies that match their personal trading preferences, such as risk tolerance and past results. Once a strategy has been selected, all the signals sent by the strategy will be automatically applied to the client’s brokerage account. No intervention is required by the client as all account activity is controlled by the platform.
Semi Automatic Mirror Trading Traders can view all the signals of strategy developers in real time. The users can choose which trades to “mirror” and execute in their own accounts. Once the traders select a signal for mirroring, they can decide if they wish to close the trade manually or they may prefer to let the position be closed automatically when the strategy provider
Much like a "classic" trading platform users trade on their own but are exposed to the vast knowledgebase of experienced traders.
Mirror Trader Highlights
MTP (Mirror Trader Portfolio).
The MTP enables platform users to share and promote their own portfolios with other Mirror Trader users. The portfolio file which contains the complete list of chosen strategies and their settings can be downloaded and saved or exported to an email address or an Excel spreadsheet.
The MTP enables Mirror Trader live users to:
Promote and introduce different new strategies to other Mirror Trader users
Increase trading activity since more Mirror Trader users are adding more strategies to their portfolios
Create a “buzz" – the activity derived from using the MTP enables brokers to use vast amount of
accumulated content in various ways such as: forums, competitions, discussions etc..
Add new strategies. which is now easier than it has ever been
Use this tool as a differentiation tool for brokers. Each broker can assemble dedicated MTP packages
Tradency has identified a growing demand amongst brokers to incorporate the Mirror Trading service into a CFD offering. Since 2014 Tradency offers an impressive list of experienced CFD strategies. Mirror Trader offers its CFD traders with a large variety of CFD instruments: S&P 500, crude oil, Google and more. A wide range of markets are available: equities, commodities, indices, energy, gold and silver futures.
Tradency extended its Mirror Trading success in the forex market to the futures market, by making it available to brokers from the attractive market segment.
Since the Mirror Trader concept suits all types of online trading markets, Tradency had put it forward to pioneer and lead the global mirroring futures market. The futures Mirror Trader platform had opened a new gateway for futures brokers and traders, presenting them with the concept of trading strategies as a trading tool instead of narrowly addressing strategy trading as a single source of investment.
Futures Mirror Trader platform:
Advanced charting package with real-time & historical data
Trading from chart
Entry & exit styles
Mirror Trading advanced capabilities