Foreign exchange (forex) market analysis resource ForexEgg has set up its forex algorithmic trading system. The system’s statistical model will aim at publishing weekly trading reports showing trading activity for the week. The reports will also consist of a profit distribution chart and individual price charts for all trades.
The forex algorithmic trading program makes use of ForexEgg’s price analysis tool to base trade decisions, currently in four currency pairs, Australian dollar/U.S. dollar, euro/U.S. dollar, U.S. dollar/Canadian dollar and U.S.dollar/Japanese yen. The price analysis tool finds out the present slope and projects the trajectory of future rates.
Click here for the release from Market Wire.