ThinkMarkets, a global multi asset brokerage, has today launched its EA Buyback initiative, giving FX traders more control through manual trading.
The campaign will facilitate current automated robot traders to switch over to ThinkMarkets’ ThinkTrader service enabling users to benefit from the strategy building tools available – such as, the extensive list of charting indicators and pattern recognition tools.
ThinkMarkets’ EA campaign comes at a time when the industry is seeing a shift in the automated trading landscape. Through switching over to manual trading, the user is given more power over where and how their money is traded – this is becoming a more attractive prospect in the current market.
The new initiative will give traders the option to switch over to manual trading through their new service by either depositing new funds or transferring existing funds from a prior MetaTrader4 (MT4) account.
Nauman Anees
Nauman Anees, CEO & Co-founder, said:
As an MT4 provider we’ve seen numerous clients use EAs over the past few years. However, for many retail traders the outcome is not always what they expect as EAs do not guarantee financial return on trades. Furthermore, an element of trading knowledge is important in understanding what strategy the EA is using – for some this may not be the most advantageous method when it comes to trading.
ThinkTrader’s EA Buyback initiative provides an alternative as it empowers traders and doesn’t rely on unadaptable automated rules, ultimately providing a more controlled environment.