Tradeworks, the Copenhagen and Singapore-based fintech company and developer of algorithmic trading platform used by retail FX traders worldwide is announcing the launch of detailed performance analysis on individual trading strategies. The platform has been adopted by a couple brokers including recently announced partnerships with online forex brokers such as Orbex and SVSFX.
With the addition of strategy performance analytics traders are able to build, test, deploy and now also analyse the performance of each of their trading strategies providing a complete end-to-end user experience for FX and CFD traders.
Legacy systems focus on the performance of the trading account, yet the clear trend now is strategy based trading. Tradeworks is taking a bold step forward by introducing built-in strategy performance analytics, which in turn is the foundation of profitable trading accounts.
“With the addition of strategy performance analytics to Tradeworks we want to make it fully transparent to traders which of their trading strategies actually deliver all the profits, which is the most risky and which are holding them back from reaching their full potential,” says Tradeworks CEO Mikael Breinholst and adds, “it is a nightmare to try to decipher which trades on a trading account comes from which strategy, so we decided to take on the challenge of converting this to a seamless, enjoyable, and more importantly, educational experience.”
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