According to Saxo, there has been a huge increase in the number of its clients using technical alerts to generate trade ideas on its SaxoTrader platform. As a result, it has now launched an automated idea generator called TradeMaker. This will send trade ideas on 10 currency pairs. If the client likes the idea, it automatically populates an order ticket with entry, profit target and stop loss price levels.
“It has become clear from the rise in usage of technical alerts that more clients are seeking trading inspiration on a more regular basis. TradeMaker takes the ideas to the client, rather than the other way around,” says James Morris, SaxoTrader’s global platform manager.