FTMO Partners with AlgoBuilderX to Simplify Algorithmic Trading
FTMO has partnered with AlgoBuilderX. This collaboration will provide advanced tools and discounts to FTMO clients and enhance the trading experience. FTMO is a leading prop trading firm based in the Czech Republic. AlgoBuilderX is a tool for building and backtesting algorithmic trading strategies on the cTrader platform.
About the Partnership
The partnership is a new chapter for both platforms. FTMO clients using the cTrader platform can now access AlgoBuilderX’s tools at a 25% discount. This exclusive offer is available in the “Partnership Offer” section of the FTMO Client Area. It will allow traders to build custom trading algorithms with reduced costs. By integrating AlgoBuilderX’s capabilities with FTMO’s services, the partnership promises to deliver advanced trading solutions to a broader audience.
Benefits for Traders
This partnership will offer multiple benefits to traders and investors:
Algorithmic Trading Tools
Traders and investors at FTMO now have a 25% discount on AlgoBuilderX tools. they can create, test, and optimize trading algorithms on the cTrader platform at a reduced cost. Discounted tools can help them build more effective trading strategies and improve their outcome.
Easier Strategy Building and Testing
Traders can easily design and backtest their strategies using real market data. This reduces the complexity and time involved in developing automated trading strategies. It becomes easier for new and experienced traders to participate in algorithmic trading.
Greater Opportunities
Traders can maximize their chances of generating profits. The tools help identify better entry and exit points, manage risk more effectively, and automate trading processes. It can improve trading outcomes.
Growing Trading Ecosystem
The partnership creates a more integrated trading environment. Traders and investors get the latest tools and technologies. This growing ecosystem enhances the resources available to traders, fostering a more supportive community and better trading conditions overall.
About Partners
Both collaborators have their unique offering to provide the best services to clients:
FTMO
FTMO is a proprietary trading firm. It provides an opportunity to trade using the firm’s capital in exchange for a share of the profits. FTMO evaluates traders through a two-step process consisting of the FTMO Challenge and the Verification phase. Successful traders get to funded accounts. There, they can trade with capital from $10,000 to $200,000. They maintain profit splits of 80% to 90% depending on performance.
FTMO aims to support traders by providing comprehensive tools and resources. FTMO has experienced substantial growth and changes recently, with a reported turnover of nearly CZK 5 billion (over $213 million) in 2023.
AlgoBuilderX
AlgoBuilderX is a web-based tool to create and automate trading strategies specifically for the cTrader platform. Matteo D’Elia and Alessandro Dei Negri founded it. The platform enables users to design custom trading algorithms, known as “cBots.” It uses a visual interface that allows the combination of different components for strategy building. Once designed, these cBots can be tested against historical data to assess their effectiveness and optimized using various tools provided by AlgoBuilderX. Users can deploy the refined strategies for live trading on the cTrader servers. It eliminates the need for coding skills and makes it accessible for traders.
Wrapping Up
The partnership will benefit traders by providing advanced algorithmic trading tools at discounted rates. This collaboration will enhance both companies’ reputations and expand their reach in the trading community. The trading community can anticipate innovative solutions and new growth opportunities.
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