Harnessing the power of social sharing, MirrorTrader from Tradency is a simple yet extremely powerful social trading interface, for traders to share trading strategies and actual trades.
MirrorTrader breaks down trade strategies from multiple users of the system, into an easy-to-follow interface. This allows you to evaluate what other traders are doing and choose the strategies you would like to follow in your own account.
Use the advanced filtering option in MirrorTrader and drill down into all the available strategies. With this filtering, you can pinpoint the strategies that match your own trading styles and risk management profile.
Filters include weighted scores, number of trades, maximum draw-down, win percentages, profit factors and pips gained, and even a back-testing module for testing using historical data.
Find a strategy or a trade you would like to follow and simply copy this directly to your trading account.
So Why Use Social Trading?
Social Trading Tools
1000 live, active users were asked what they thought of MirrorTrader
• 90.2% thought MirrorTrader was easy to use
• 92.4% liked the automated trading capability
• 80.6% considered MirrorTrader to be a long term investment tool