FTMO, a prominent proprietary trading firm, has announced a new partnership with AlgoBuilderX, a platform designed to create and optimize algorithmic trading strategies specifically for the cTrader platform. This collaboration aims to offer FTMO traders advanced tools for developing and deploying trading algorithms, marking a significant step forward in enhancing algorithmic trading capabilities.
What the Partnership Offers
With this new partnership, FTMO traders will gain access to a range of features provided by AlgoBuilderX:
- 25% Discount on AlgoBuilderX Tools: FTMO clients can benefit from a 25% discount on all AlgoBuilderX services and products tailored for cTrader, facilitating easier access to algorithmic trading resources.
- User-Friendly Algorithm Creation: AlgoBuilderX provides a visual interface for traders to build and refine their trading algorithms without needing advanced coding skills.
- Advanced Backtesting and Optimization: Traders can use historical data to backtest their strategies, optimize them for various market conditions, and deploy them directly on the cTrader platform.
About AlgoBuilderX
Developed by Italian founders Matteo D’Elia and Alessandro Dei Negri, AlgoBuilderX is a web-based application launched to simplify the creation of trading algorithms for the cTrader platform. It allows users to build “cBots”—trading robots that can operate autonomously based on pre-defined rules. The platform’s visual approach enables traders of all experience levels to create, test, and implement complex strategies efficiently.
How AlgoBuilderX Enhances Trading for FTMO Clients
- Strategy Development: Users can develop trading algorithms using a straightforward visual interface, defining entry and exit rules, risk management parameters, and other strategy components.
- Data Analysis: Traders can analyze various financial instruments and time frames using integrated data sources.
- Performance Testing: The platform allows backtesting strategies against historical data, providing insights into their performance under different market conditions.
- Optimization Tools: Users can optimize their strategies using built-in tools to maximize effectiveness before deploying them for live trading.
- Deployment: Once optimized, strategies can be deployed for live trading on cTrader, taking advantage of seamless integration between AlgoBuilderX and the platform.
A New Chapter for Algorithmic Trading at FTMO
The partnership with AlgoBuilderX marks FTMO’s commitment to offering its traders cutting-edge tools to enhance their trading strategies. By integrating AlgoBuilderX’s advanced algorithmic tools with the cTrader platform, FTMO aims to provide its traders with an all-in-one solution for developing, testing, and deploying trading algorithms.
FTMO’s Continued Evolution
FTMO continues to make strides in expanding its offerings and capabilities. Recently, the firm reported a significant turnover in 2023 and has made several strategic hires to strengthen its leadership team. As FTMO evolves and prepares to expand into new areas, including establishing its brokerage division, the partnership with AlgoBuilderX highlights its ongoing focus on innovation and meeting the evolving needs of its trading community.
