Mirror Trader - Trade by knowledge
Mirror Trading is the core concept behind the unique offering of Mirror Trader, Tradency’s innovative trading platform.
Make smart trading decisions, view and follow premium algo-trading signals
Mirror Trader enables you to see and follow, in real time, trades opened by top-notch algo's. With Mirror Trader, your trading decision (entering or exiting a trade) are made easy while you are presented with the best trading opportunities. Mirror Trader offers more than 3,000 verified algo strategies. You can subscribe to any one of them to gain an advantage over other traders. Over 300,000 live traders have used Mirror Trader for their algo trading over the last 11 years. Making Mirror Trader the most used algorithm platform in the world.
Algo trading dominating the financial markets
Between 2003 - 2012 algorithmic trading increased from 15% to 85% from total market transactions.
Morton Glantz, Robert Kissell. Multi-Asset Risk Modeling: Techniques for a Global Economy in an Electronic and Algorithmic Trading Era. Academic Press, Dec 3, 2013, p. 258.
How Does Mirror Trading Work?
Strategy developers from around the world share their knowledge with users of the Mirror Trader platform. Tradency records all strategy developers’ “Buy” and “Sell” signals. This information assists Mirror Trader's users to decide which strategy signals they would like to have executed in their own brokerage accounts.
How does it work?
Algos, are trading programs developed by companies specialising in trading. Algorithmic trading, also called algo trading and blackbox trading, encompasses trading systems that are heavily reliant on complex mathematical formulas and high-speed computer programs to determine trading strategies.
Why trade algos?
Eliminating human bias
algos are machines that know when to take the profits and stop the losses
algos scan the market for you all the time
generating the trades according to predefined trading rules
executing the trade based on electronic order and not by clicking
Mirror Trader – best marketplace to evaluate and trade algos
Mirror Trader is the place to see the biggest list of verified and tested algos. Once an algo is added to your account, its trades will be executed automatically in your account. You can add as many algos as you wish and remove them at any time. You can control the trading by setting profit and loss targets to each algo. Monitor all your trades in real time and open new trades or close existing trades at any time.
Use our designated filters for a faster selection of the best algos. By using the predefined filters, you can select algos based on your trading preferences such as risk and past performance. Mirror Trader presents parameters which helps determine which algo to select:
- Profit – the higher the better
- Risk – reflected by Draw Down, the smaller is less risky
- Other – parameters such # of trades, win % etc…
3 out of 100 algos are approved by Mirror Trader's analyst team
The Mirror Trader analyst team receives over 100 applications a month from companies wanting to expose their algos to live users. After our evaluation process, only 3% are accepted and approved to be offered to live users. Each algo goes through 1-2 months of evaluation period prior to approval. Mirror Trader checks real time results of each algo and does not accept any past history records provided by the developers. The Mirror Trader team verifies each algo specifically according to quality parameters.
Many companies and developers offers their algorithms, how can you trust them?
Mirror Trader tests the algos and after its approval we share it with you to review and use. Mirror Trader is the only algos platform to present you with the true picture. Our results are not showing a specific account, rather, it shows the weighted average of the actual trades performed for our users.
*IMPORTANT NOTICE: The information and analysis provided here has been produced by the signal provider company. Pepperstone has reproduced the information without alteration or verification and does not represent that this material is accurate, current, or complete and it should not be relied upon as such. The material is general in nature and has been prepared for informational purposes only without regard to any individual's investment objectives, financial solution, or means. Pepperstone advises clients to seek independent financial advice before considering investing in any signals products and services. Furthermore, Pepperstone reiterates that past returns are not an indicator of future performance.
Readers should also be mindful that as with all technology applications there are inherent weaknesses and that the operating system is dependent on third parties managing the connection to Pepperstone servers. Trading over the internet using any social/copy trading application may be disrupted resulting in unanticipated losses that may be in excess of client account balances. Pepperstone accepts no responsibility for the performance of the application whatsoever.