RoboForex, an automated forex broker regulated in Cyprus and Belize announced it is launching a new product allowing traders to create their own trading robots. It is called StrategyQuant and is a trading robots and strategies designer. The program lets traders who do not have programming skills to create, backtest and optimize trading robots for the MetaTrader 4 terminal.
StrategyQuant has to be downloaded and installed and is intended for more experienced traders. RoboForex requires at least $1000 to be present in the traders’ account at all times. After the first month one has to have a trading volume of at least 5 standard lots per month, in order to retain access to StrategyQuant.
For beginners in algorithmic trading, RoboForex offers the web-based platform EA Wizard. It has two modes: easy wizard and full editor and contains a wide array of parameters for setting and tweaking rules.
Both the StrategyQuant and EA Wizard allow the creation of unlimited number of robots that can be exported to MT4. StrategyQuant has some advanced options such as robustness testing, trading strategies optimization and creation of trading robots using machine learning.
RoboForex also provides online training on the use of the new products and an e-book on how to use StrategyQuant.
RoboForex offers trade in currencies and CFDs on stocks, indices and spot oil. The leverage is up to 1:1000 and no minimum deposit is required. The trading platforms that can be used for trading via RoboForex are MT4, MT5 and cTrader.
The group consists of the holding company RoboForex Financial Group and its units RoboForex, regulated by Cyprus’ Securities and Exchange Commission (CySEC), RoboTrade Ltd. regulated by the International Financial Services Commission (IFSC) of Belize and RoboForex LP, based in New Zealand.