From a press release issued by AvaFX...
September 27, 2010, Dublin - Online financial products trading company AvaFX (www.avafx.com) announced today that it has teamed up with Tradency (www.tradency.com), the leading developer of automatic FX trading strategies, to launch the most advanced automatic trading strategies platform the Ava AutoTrader platform.
The new Ava AutoTrader platform introduces AvaFX customers to the "mirror trading" concept, originated by Tradency, which allows traders to ‘mirror’ and include in their portfolio strategies that have been developed by very experienced Forex traders. The trader can check the past results of the strategy and add one or more to their portfolio. The platform will automatically execute and manage orders according to the chosen strategies and specific risk parameters dictated by the traders themselves. Traders can switch between strategies, open, close or modify individual trading positions, or choose to shift from mirror trading to manual trading on this one platform.
"We are excited to be working together with AvaFX to provide its customers with a platform that we believe offers more flexibility, ease-of-use and stronger analysis than ever before,” says Lior Nabat, President and CEO of Tradency. “We are sure that traders who use the new platform will be able to make more confident trading decisions, based on clarity of use and a comprehensive level of information."
To help users apply mirror trading simply, the new Ava Autotrader platform includes a suite of advanced tools and features, which have been designed specifically with traders in mind. These features make the platform easier to use for traders, more versatile, responsive and more accurate.
Additionally, the platform features a new user-friendly graphical interface and rich graphic indicators, which show very easy-to-understand displays of each strategy's performance, as well as other tools to enhance the trader’s success.
According to AvaFX CEO, Emanuel Kronitz, the new Ava AutoTrader platform will “allow our clients to select strategies to best suit their needs and accommodate their targeted earnings and risk profile. Providing traders with a new platform with better functionality and an improved user interface are all part of the overall customer orientated focus within our business.”
AvaFX now provides the new Ava AutoTrader platform for the beginner and expert trader. Expert data and analysis is provided within the new platform and by AvaFX in order to better assist clients to trade more effectively and profitably.
AvaFX is an Irish-regulated CFD trading broker offering one-click FX, commodities, indices, stocks, and bonds trading. Since starting four years ago, AvaFX has become one of the fastest growing forex and CFD trading companies. Through its client-oriented approach AvaFX has gained over 50,000 clients globally and trading more than $40 billion per month. AvaFX’s success can be attributed to its customer-focused approach, which has seen the company win many awards in the past 12 months including the Daily Forex Customer Service award - www.avafx.com.
Tradency Inc. is the developer and originator of Mirror Trading technology, which enables traders in foreign exchange to automatically evaluate and adopt global strategies; Tradency provides users with an analysis of its system’s performance that is the most transparent in the sector. Tradency’s Mirror Trading Platform – including its recently announced T-Score and Smart Filter tools - offers traders a flexible choice of combining its groundbreaking approach with traditional online trading methods. Since its inception in 2005, the company has pioneered this new method, creating a new category of platform trading. Tradency continues to innovate its services, reinforcing its reputation as the creator of cutting-edge industry practice. - www.tradency.com