Although the COVID-19 pandemic has caused more traders to become acutely aware of their risks, there are innovative tools for them to leverage on as they navigate and find opportunities amid volatile market situations. Algorithmic trading, in particular, has been transformative in the way that it uses automation to identify profitable trades by executing predetermined strategies around the clock. On top of taking human error and emotion out of the equation, traders are able to analyse historical data when setting their own criteria, auto-hedge against risks, and enter or exit markets in the right quantities and prices – even while they are asleep.
Integrating into one platform
For traders looking to gain even more of a competitive edge on their FX trades, IG’s cutting-edge integrated platform brings together the best advanced software in the market to allow for greater control of their dealings. Featuring award-winning solutions like ProRealTime and MetaTrader 4 to enable fast and efficient trading on a user-friendly interface, the platform is widely used by professional and experienced traders to give them the added advantages of better pricing, efficient execution, and enhanced security. As one of the only brokers worldwide to offer an innovative integrated platform like it, IG also provides dedicated 24-hour support.
Built-in access to advanced third-party software
When it comes to algorithmic trading, there is no one-size-fits-all approach that can meet the needs of every trader. Although there are many tried-and-tested strategies out there, such as statistics-led trading, auto-hedging, and high-frequency trading, the ability to create and customise existing ones is crucial for traders looking to capitalise on opportunities on-the-go. To do so, they would require access to the right algorithmic trading software at their fingertips, which IG’s platform offers by integrating two leading third-party solutions: MetaTrader 4 and ProRealTime.
Benefits of MetaTrader 4 (MT4)
As one of the most popular trading platforms in the world with over 14 years of experience serving millions of professionals, MT4 makes a wide range of tools designed for trade analysis, automation and customisation available at your fingertips. The benefits of trading on MT4 include:
24/7 support from specialists
Access to thousands of markets globally
On-the-go fund deposits, transfers and withdrawal, even on your mobile device
Significantly reduced missed opportunities with 99%+ server uptime and no third-party bridges
Low costs at an average spread of 0.86 points
To get acquainted with using MT4, IG has set up a comprehensive step-by-step guide that you can follow, along with the opportunity to set up a demo account to familiarise yourself with its features before using real money to trade. If you would like to get started on it right away, please click here.
Benefits of ProRealTime
Endorsed by traders around the world, ProRealTime is a leading online charting software for advanced technical analysis. It is suitable for experienced traders looking to fully customise their trading experience, even if it entails coding algorithms from scratch. The benefits of trading on ProRealTime include:
Access to over 100 pre-set indicators
Improved user interface for filtering options by expiration date and strike price
The ability to build algorithms for execution 24/7
Backtesting of strategies from historical data
Access to a wide range of timeframes on a selection of charts
The flexibility to place orders according to trend lines, instead of just on price movements
As an IG client, you are welcome to use the ProRealTime charts for free in your first month and, subsequently too, if you trade at least four times a month. Find out how you can use ProRealTime by following IG’s launch instructions or click here to apply for an IG account right away.
As the world continues to be impacted by challenges and uncertainties, algorithmic trading has never been more vital for traders looking to have the upper hand in a volatile global marketplace. By making algorithms work for you through an integrated platform that harnesses the power of advanced software 24 hours a day, you can rest assured knowing that no opportunity will be missed. With over 45 years of experience in the trading space and more than 239,000 clients across the globe, IG knows what it takes to seize and capitalise on opportunities to be at the forefront of the market. Find out how IG’s award-winning services and integrated platform can gain you an edge today.
This article was written in partnership with IG.
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