Forex Trading Strategies
The Forex market is a global over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency and is, in terms of trading volume, by far the largest trading market in the world.
As the Forex market operates 24/7, Forex Trading Strategies need to be specifically designed to be compatible with its unique characteristics. Fintechee assists traders in developing and implementing Forex Trading Strategies that can be applied on our WEB Trader.
Problems
Traders using traditional Forex trading platforms often encounter various issues:
- Market movements are too fast to keep up with.
- Spreads between ask and bid quotes are too large, increasing trading costs.
- Built-in technical indicators lack precision, and there’s limited support for custom indicators.
- Expert advisors can’t be used without a desktop, as the trading platform is installed on another PC at home.
- Backtesting can’t run multiple Expert Advisors (EAs) simultaneously.
- Algorithms for trading are overly complex and difficult to learn.
- Lack of expert advisors to ensure profitability.
- Inability to sign in to multiple accounts simultaneously.
Why We Need Fintechee?
Solutions
To address these challenges, traders can consider the following solutions, though they may still have limitations:
- “Automated Forex Trading” enables traders to keep up with fast market movements and monitor the market 24/7.
- “Trading Simulation” allows traders to backtest and verify Forex trading strategies without taking on real financial risks.
- A FIX bridge plugin can speed up data transfer.
Fintechee’s Solutions
Fintechee provides comprehensive solutions that address various aspects of Forex trading strategy improvement:
- Fintechee’s “Automated Forex Trading” solution is web-based and platform-agnostic, allowing expert advisors to run on mobile browsers without the need for downloads or installations.
- Traders can develop custom indicators and expert advisors on Fintechee’s WEB Trader using the “SDK trading” feature.
- The “Expert Advisor Studio” by Fintechee generates source codes of expert advisors, lowering the barrier for traders to apply algorithmic trading.
- Fintechee’s “Trading Simulation” solution enables the simultaneous backtesting of multiple EAs, treating them as a portfolio. Traders can verify their Forex trading strategies by backtesting a portfolio.
- On Fintechee’s WEB Trader, traders can manually send orders to engage with EAs during the backtesting of a portfolio.
- Fintechee’s WEB Trader integrates with artificial intelligence libraries to enhance analysis precision, enabling traders to progressively ensure profitability.
- The server-side of Fintechee has a built-in FIX engine that connects with more than 20 liquidity providers, making High-Frequency Trading (HFT) possible.
- Fintechee’s “Price Aggregator” solution supports multiple accounts management, allowing traders to sign in to different accounts simultaneously. This enables brokers to connect with various liquidity providers concurrently, aggregating streaming quotes to achieve the lowest spreads. This solution facilitates “Trading Arbitrage” and maximizes the benefits from Forex trading strategies.
Introduction of Fintechee
Main Features
Please read the introductions to know more features of our product.
