Tradeo launches social trading platform 'Cloud Trader'
First Published 29th May 2012
Tradeo introduces 'Cloud Trader' offering 'trade- following' and 'manual trading' functionality free of charge
Tel Aviv, London, New York - Tradeo, the cross-broker social trading network has released the 'Cloud Trader' platform.
Tradeo's free 'Cloud Trader' offers traders a choice of whether to 'trade-follow', where the trader can automatically follow the trades of both their friends and/or leaders in the Tradeo community, or 'manual trading', which enables traders to execute trades and orders from any MetaTrader4 account using any mobile device, regardless of location. Cloud Trader's 'Dynamic Leverage' system is intended to enable both the positions and the strategies of followed traders to be copied into a follower's account.
Trade following users can now execute positions of differing sizes instead of having to use a pre-defined position size. Designed with traders in mind, Tradeo has developed a maximum 'stop-loss' system that stops copying trades if the leader's strategy loses a specified amount. Additionally, Tradeo executes trade orders with low latency to prevent requoting and slippage. By virtue of utilizing the latest technologies, HTML5 and WebSockets, Tradeo intends to provide a trading environment and experience equal to what can be achieved when using either installation-heavy, Windows-native applications or Flash-based platforms.
Commenting on the release of 'Cloud Trader', Tradeo CEO Jonathan Adest said, "We have developed the new 'Cloud Trader' platform with the trader in mind. From the lengthy and extensive BETA testing process ahead of our launch in April, users helped us define our pipeline of developments and functionality enhancements. Trade-following was high on the list and we are confident that uptake in this feature will be rapid. We continue to invest and look forward to announcing future developments, all of which are designed to help our participants trade successfully."