This post is also available in: German Italian Dutch Swedish


Algorithmic trading

Algorithmic trading used to be the preserve of institutional level clients with access to complex IT setups and deep pockets. Trading systems like these took a lot of computing power and were extremely expensive to create and monitor. The sheer complexity of creating and running systems like this took them out of reach of most retail clients.

Things started to shift toward the retail side with the introduction of trading platforms like MT4 which were built on open-source programming languages, allowing for the development of automated trading systems, commonly referred to as Expert Advisors (or EAs for short).

It wasn’t until the development of advanced trading tools like TradeWorks however that retail investors had access to cloud based automation software specifically designed to take any emotion out of the decision-making process and allow trades to be opened and closed based purely on indicators and pre-programmed strategies.

TradeWorks runs in a tried and tested cloud based server environment with backup and redundancy built in for improved speeds and reliability. Built on Microsoft Azure servers, TradeWorks can run through a strategy back-test in a matter of minutes for better optimization and fine-tuning.

TradeWorks is a strategy based system which works on user-defined trading strategies to open and close trades.

These strategies use a variety of indicators to find trades and apply your settings for trade parameters such as Stop Losses. Take Profit and Risk Management, allowing for very precise trade settings.

Right out of the box, TradeWorks comes with a number of pre-defined strategies which can be used to test the whole system on a demo account, while the built-in back-testing module can run the strategy with historical data for any given time-period for a statistical look at results.

This back-testing is extremely fast, given the speed of the platform and the Cloud based environment, TradeWorks is built on.

Clients trading with EuropeFX get access to the TradeWorks platform which syncs directly with your MT4 account with us. This can be your demo account for testing strategies or your live account for trading your strategies on real trades.

TradeWorks is a tool. Sophisticated as the platform is, it remains a tool. Make sure to test your strategies on a demo account first and always apply sound risk management to all your trades.