BOULDER, CO, Oct 25, 2011 (MARKETWIRE via COMTEX) –
ForexEgg, the premier resource for Forex market analysis, announced
this week the launch of its Forex algorithmic trading system.
“We feel confident that our statistical model will perform well and
we strive to publish weekly trading reports, which show trading
activity for the week,” says Muhammad Hafeez, software developer for
ForexEgg. Each report will list all trades for the week. The reports
will also include a profit distribution chart and individual price
charts for all trades.
This Forex algorithmic trading program utilizes ForexEgg’s Price
Analysis Tool to base trade decisions. The Price Analysis Tool
determines the current slope and projects the trajectory of future
rates. Currently, four major currencies are traded: AUD/USD, EUR/USD,
USD/CAD, and USD/JPY.
Algorithmic trading is widely used by institutional investors, but it
is also used by market makers and hedge funds to provide market
liquidity. Algorithmic trading can be used in any electronic
financial market and with any strategy. The speed that trades
execute, make it possible to profit from minute movements and
spreads.
About ForexEgg
ForexEgg is customer oriented and its priority is to
provide Forex traders with valuable tools so they can better plan
their trading strategies.
1 comment:
The Nifty 50 index advanced 7.30 points or 0.07% to settle at 10,086.60The Sensex has risen for the sixth straight session; the breadth, indicating the overall health of the market, was positive.capitalstars
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