Deriv Enhances Trading with Tactical Indices
Deriv has launched a new trading tool called Tactical Indices. It simplifies the trading process by eliminating the need for manual rebalancing. This innovation aims to enhance trading efficiency and reduce the complexity of managing trades for users.
Features of Tactical Indices
Tactical Indices execute trades automatically, following predefined rules set by technical indicators. The initial release leverages the RSI indicator and introduces four strategies specifically for trading silver. These include two momentum-based indices. They capitalize on upward or downward price trends and two contrarian indices that focus on exploiting trend reversals.
Technology Integration
Deriv has integrated Tactical Indices into its key trading platforms, ensuring compatibility with MetaTrader 5, cTrader, and Deriv X. This seamless integration allows users to access the new tools directly within their existing trading environments.
Effects on Users
The update will have these effects on users:
Simplified Trading Process
Tactical Indices automate trade execution, removing the need for manual rebalancing. Traders can now focus on strategy and market analysis rather than spending time adjusting positions.
Enhanced Efficiency
The tool applies predefined rules based on technical indicators like RSI. It enables faster and more precise responses to market movements. This reduces errors and increases trading accuracy.
Cost Savings
By eliminating the overhead associated with manual rebalancing, Tactical Indices help traders save on transaction and opportunity costs. It improves overall profitability.
Broader Market Opportunities
The initial focus on silver provides a niche market to explore with momentum and contrarian strategies. Future expansions will offer additional assets and indicators.
Accessibility Across Platforms
The integration of Tactical Indices into popular platforms like MetaTrader 5, cTrader, and Deriv X ensures traders can utilize these tools without disrupting their current workflow.
Preparation for Advanced Strategies
With planned additions like MACD, Bollinger Bands, and pairs trading, traders and investors will gain access to more sophisticated strategies. It will allow them to compete effectively in diverse markets.
About Deriv
Deriv is a global online broker. It offers contracts for difference (CFDs) and other derivatives on forex, stocks, indices, cryptocurrencies, commodities, and synthetic indices. Jean-Yves Sireau founded it in 1999. It began as the world’s first fixed-odds trading service. Over 25 years, Deriv has grown to serve over 2.5 million clients worldwide, with a monthly trading volume exceeding $650 billion. The company aims to democratize trading, making it accessible to anyone, anywhere, anytime.
Summing Up
Tactical Indices represent a significant step in trading innovation by automating complex strategies and reducing manual intervention. This tool offers traders a more streamlined and effective way to capitalize on market trends and reversals.
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