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July 06, 2010 14:05 ET

ForexEgg Rolls Out New Forex Algorithmic Trading System

BOULDER, CO--(Marketwire - July 6, 2010) - This week ForexEgg, a leading online source in Forex analytics, introduced a new Forex analysis tool -- the Forex Algorithmic Trader. This new tool sheds light on how Forex algorithmic trading systems perform over time.

The foreign exchange market is ideally suited for algorithmic trading. Algorithmic trading is most commonly described as using computers to develop advanced mathematical models of market behavior. The algorithm then determines crucial aspects of each trade such as the timing, direction, and quantity -- often without human intervention.

This new and innovative tool provides Forex traders with detailed stats and information on activities pertaining to open trades, equity curves, trade distribution and a host of other useful stats.

The Open Trades tab lists current open trades and provides a price chart for open positions. It shows traders how the algorithms' strategy is performing in the market (i.e., profit/loss).

The Equity Curve tab shows historical trading performance for each currency pair from January 2008. Traders have the option of selecting individual currency pairs, or all pairs traded. The resulting Equity Curve Chart will display either weekly or monthly performance.

The List of Trades tab displays all trades made by the Algorithmic Trader since January 2008. To plot individual trades, users simply need to double-click on the desired row.

"We continue to add new Forex analysis tools and resources based on user feedback and Forex industry demands," says Muhammad Hafeez, software developer for ForexEgg.

About is customer oriented and its priority is to provide Forex traders with insightful analytical tools. It also provides Forex traders with information that allows them to follow the Forex market through proprietary liquidity charts. The site validates trade scenarios through its advanced price analysis tool and allows users to gauge currency strength, volatility and much more.

For more detailed information, visit:

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