THE EASIEST WAY TO AUTOMATE YOUR FX TRADING
Tradeworks is the easiest way for you to quit traditional point-and-click trading. Designed for experienced traders as well as newcomers to forex trading, our simple-to-use interface allows you to automate your trading strategies in minutes. No coding and no fuss – you’ll be up and running in no time.
HIGH ACCURACY BACKTESTER
A great advantage of automated trading is that strategies can be backtested. Let our proprietary, built-in, backtesting engine help you analyze the historical performance of your favourite strategies.
INSTITUTIONAL GRADE SPEED AND TRADE LOGIC
Our proprietary Complex Events Processing technology allows for simultaneous monitoring of thousands of market movements while ensuring you receive institutional grade trade logic on your execution.
TRADING TECHNOLOGY THAT WORKS FOR YOU
DEPLOY AND EDIT YOUR STRATEGIES IN REAL TIME
Edit, deploy and reedit your trading strategies in real time and as often as you like.
WORK WITH PRE-DESIGNED TEMPLATE STRATEGIES
Check out our pre-designed template trading strategies to quickly understand how automated strategies are designed. Tweak and optimize them to perfection in our Strategy Editor.
ACCESS FROM ANYWHERE
No need to download any software to your PC. Your strategies are securely hosted in the cloud and can be accessed from any of your devices at any time.
ADVANCED RISK MANAGEMENT
Take control of your trading exposure and reduce unnecessary risk with our advanced money management tools.
SECURE AND PRIVATE
Enjoy peace of mind with our high security cloud platform where all your strategies are kept in your personal account.
The first page you will see when you open the Tradeworks application is My Strategies, which contains the list of all your trading strategies. Initially, the list will only contain the preset template trading strategies. The two tabs next to ‘My Strategies’ contains a list of open positions and trade history. (First time visitors please note that these will remain blank until you have activated a strategy which has executed trades).
The first thing we recommend you do is dive straight into the pre-built template strategies. Click on one of them to see how it is constructed and quickly discover which building blocks are required to complete a strategy.
BUILDING A STRATEGY
A strategy consists of 4 essential parts:
Your Indicators: the technical indicator you wish to use in your strategy
Your Signal Rules: rules define when you are bullish or bearish i.e. when you want to open long or short positions.
Your Trade Timing Rules: you have the option to define one or more additional events that also have to happen subsequently to the initial Signal rule, before actually opening the position.
Your Money Management Rules: define your risk appetite by setting your trade size, Take Profit and Stop Loss targets, exposure caps and more.
Click on one of the existing preset Template Strategies to see how each section is built up. Once you have found one that you like you can begin modifying it or cloning it into a new strategy, and then start tweaking each component to suit your own preferences.
BACKTESTING A STRATEGY
When you have tweaked your strategy to perfection, you are ready to run it through the Tradeworks backtester in order to analyze how it would have performed historically. The results of the backtest will furnish you with a lot of important information to help you evaluate your strategy. These include a wide array of statistical results such as PnL, RoE, Volatility, Win/loose ratios and many more (see illustration below). You can find more information about backtesting here.
While history is no guide to the future, backtesting a strategy is still very useful as it helps you ensure that there are no unforeseen errors to your strategy. Once you are happy with the results, we recommend that you front-test the strategy by running it on a demo account for a few days to see how it actually performs.
ANALYSING YOUR RESULTS
Once your strategy is active it will send trade requests to your broker if/when the rules of your strategy are met by market conditions. Depending on how aggressive your strategy is, it may well start trading in minutes so it is important to keep track of what’s going on.
You can monitor your trading activity under ‘Strategies’ where you can see all Open Trades as well as a history of all trades that have been executed. Of course, you can also keep track of your profits and losses and current margin usage on the page.
Similar to when you analyse the performance of a backtest, you can analyse the performance of your trading strategies in My Strategies. Here you will find performance metrics giving you a clear picture of both performance and quality of your trading strategy.
Trading on margin products involves a high level of risk