Signal Trader, from the founders of ForexPros, launched automated mirror trading Signal Trader partnered with FXCM, Gain Capital and Ava FX for enabling automatic trading.
This is another tools for copying trades of other traders, similar to what Currensee does. Similar to Currensee, the accounts that can be followed are real live account. Different than Currensee, the accounts that can be followed aren’t of successful traders that have been cherry picked and that are closely monitored.
Anyway, here are more details in the press release:
Signal Trader, the leading solution for automated trading and live trading rooms, has launched its innovative auto-execution mirror trading system for Forex, Commodities and Indices, with FXCM, Forex.com and Ava FX.
Signal Trader’s innovative auto-execution mirror system allows clients to automate their trading on Forex, Indices and Commodities, by mirroring the trades of proprietary traders, whose accounts are displayed in Signal Trader’s live trading rooms.
The auto-execution mirroring system allows clients to automatically duplicate the trades of their chosen prop traders in their brokerage accounts by executing orders based on signals generated by the prop traders.
All of the accounts displayed in Signal Trader’s live trading rooms are the real accounts of prop traders, trading with real money and as trades are executed they are displayed in real time.
In addition, clients have a full range of 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.
“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’s advanced trading solutions allow users to automate their trading based on real trades executed by prop traders in their real accounts. The accounts are displayed in the Signal Trader live trading rooms in real time. Users also receive e-mailed signal alerts when positions are opened or closed.