Web Forexforays.com


Hivetrader Community-Based Trading

A while back FX Engines switched its strategy from automated trading systems based solely on backtested technical indicators to systems that are fine-tuned with input from a community of forex traders. To reflect this new community-based methodology, it's now called Hivetrader. Here's a quick breakdown of how it works, lifted straight from their front page:
  • You view the hive [the community of traders] to see the best community-created systems.
  • You copy hive systems.
  • You improve the systems and re-test them.
  • You trade the systems live with the dealer of your choice.
I used to play around with FX Engines quite a bit, and had some luck creating and trading with my own customized engines (as discussed in past posts on this blog). But I have absolutely no experience with Hivetrader (yet) and am quite curious how it's performing. So if you have any experiences you'd like to share, pro or con, lucrative or expensive, please share them by posting a comment below. Are you thriving in the hive, or getting stung?

Full disclosure: I have an advertising relationship with FX Engines/Hivetrader, but I promise to publish any and all feedback posted here, good or bad, as long as its on-topic and not spam.

Labels: ,