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FxPro Quant - Create Your Own Trading Robot Using Drag-and-Drop Technology

May 22 2013
By

FxPro is one of those serious, steadfast brokers who rarely make the news with flashy competitions and super-huge bonuses. Instead they just get down to business, do the work, reap a ton of awards and go home to celebrate. And as the friendly folks at LeapRate were kind enough to point out, FxPro has been doing more than enough work over the past week, resulting in the release of two new technological tools to make their clients' trading easier.

 

The first of these is the FxPro MT4 WebTrader platform. Would you be surprised if I told you this is, in fact, a web-based Metatrader 4 (MT4) trading platform? Used for trading anywhere where there's an Internet connection and browser? Didn't think so. The WebTrader looks pretty cool, sleek and black, not to mention quite user-friendly. It takes about three minutes of random clicking to get around and figure out what's what. The platform supports one-click trading, open, close and modify position options, custom charts with 30 technical indicators and more than a hundred trading instruments (Forex, metals, CFDs, shares, futures... you name it!). Of course, you can monitor your account balance and activity, and even check out the latest news.

 

 

Basically, everything we've come to expect from any respectable web-based trading platform. So, please allow me to move on to the more interesting tool of the two, at least in my humble opinion. The FxPro Quant is an Expert Advisor (EA) visual builder, which allows anyone to create their own trading robot using simple drag-and-drop technology, with no programming knowledge required whatsoever. The FxPro Quant can be found in FxPro Direct, under Tools. It lists a number of components to be used in building a robot, from indicators, to market data, to order execution functions. Each component can be dragged to the workspace and connected to others (whenever possible; some just wouldn't make sense together and therefore cannot be connected). Though it is true you don't need to be programmer to use the Quant, you have to be very well-versed in the way technical indicators and any other components function, in order to properly set their parameters and connect them logically. The good news is, you can test out your robot as much as you need, so no need to worry if you mix your components up. It would also be good if you watched all the Quant tutorials on the FxPro website first, so you know what to do.

 

 

You can probably see why I'm more excited about the Quant tool than the WebTrader platform. It's kind of like Dukascopy's Visual JForex,  for noobs. I'm not saying you can just go and randomly bunch some components together, but if you already have a solid knowledge base and simply didn't have the mad programming skills to bring your dream EA to life, this may just be the thing for you.

 

 

About FxPro

 

FxPro is an award-winning Forex broker providing retail and institutional offerings to clients in 150 countries. FxPro offers trading access through a range of platforms including the innovative ECN platform – FxPro cTrader – supported by industry-leading market news and outstanding levels of customer support 24 hours a day. FxPro’s goal is to be the world’s preferred Forex broker and it has become the first choice for Forex traders needing user-friendly market access and superior trading infrastructure.

 

With offices in the United Kingdom, Austria, Cyprus, France, Russia and Spain, FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission, under license number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID).

 

TAGS: fxpro  trading  trading tools  technology  trading technology  quant  webtrader 

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Forex
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
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Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
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UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
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UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
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Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
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