The Estonia-based white label service provider TraducationFX has announced last week that it has released a new generation of trading signals. The brand new proprietary algorithm has allowed to expand the list of markets that already included Forex and Crypto assets with Stocks and Commodities and increase the number of signals published daily to around 70.
The company’s CEO Denis Alyanov elaborated on the release:
Initially, we attempted to create a universal strategy but eventually realised that while it was somewhat profitable, the best performance required teaching the algorithm to work with each specific asset. And we couldn’t just have it tuned once and forget about it, it has to be done every 1-3 months based on backtesting.
With this new trading signals algorithm, the average profit factor for Forex assets was 1.18 with a maximum of 3.88 in the first half of September. The average was 1.69 with a maximum of 4.56 for stocks. Profit factor is one of the most simple and effective tools to measure trading performance.