Trading Software made easy
TradeFoxx is a add-on trading software for the NinjaTrader Platform. Active day traders will find it easier to visualize trade entries and exits. Try a free fully functional trade signal indicator and Auto-Trader. Designed to simplify the search for an effective trading signal.
Trading is an information filled event. Our easy to follow manual trading system, will have you trading in no time. TradeFoxx is suitable for beginners it’s concepts are easy to learn and delivers fast track learning, allowing you to start trading in no time.
Trade Forex, Futures or Stocks. Our trading indicators give visual and audio signals for entry and exit events, simplifying the process.
TradeFoxx Auto-Bot is a fully automatic trader with over 9 trade setups. We also offer custom programming, adding your favorite trade setups to our Auto-Bot.
Benefit of Automatic Trading
There are several potential benefits of using an automatic trading system over manual trading:
- Speed: Automatic trading systems can analyze large amounts of data and execute trades much faster than a human trader, allowing them to take advantage of market opportunities as soon as they arise.
- Objectivity: Automated trading systems operate based on pre-defined rules and algorithms, eliminating the potential for human emotions such as fear, greed, or bias to influence trading decisions.
- Consistency: Automated trading systems can consistently execute trades according to pre-defined rules, avoiding the potential for human error or inconsistency in manual trading.
- Backtesting: Automated trading systems can be backtested on historical data, allowing traders to evaluate the performance of their trading strategies and make adjustments accordingly.
- Diversification: Automated trading systems can trade multiple markets and instruments simultaneously, allowing for greater diversification and potentially reducing risk.
However, automated trading systems also have their limitations and drawbacks. Human management is required. Autobot’s main drawback may be the ability to adapt to changing market conditions as effectively as a skilled skilled trader. Additionally, automated trading systems require careful monitoring and ongoing human adjustment to ensure optimal performance. There is no Holy Grail when it come to automatic trading but it does offer the major benefits over manual trading.