City Index introduces SMART Signals
City Index and Forex.com, parts of financial services company StoneX, now offer SMART Signals – powerful, AI-driven trade ideas.
The SMART Signals engine analyses dozens of major global markets based on years of historic market data. Traders can see how each signal has performed the last 10 times it was triggered to get transparency into previous performance.
The SMART Signals engine uses a selection algorithm to automatically monitor 36 major global markets across thousands of price data points to highlight potential trading opportunities. Once it has identified a price pattern which has been successful historically in a given market, it will then show them through the SMART Signals dashboard.
Each signal represents a short-term potential trade in a 4-, 6-, 8- or 12-hour timeframe and comes complete with an auto-populated trade ticket with suggested take profit and stop loss levels. Let’s note that signal trades will not automatically close at the end of the signal period, traders can choose when to close them out.
The abbreviation SMART stays for:
- Statistical. The SMART Signals engine hunts for 800+ price-action patterns – analysing 100,000s of data points each day
- Measurable. Traders can see precisely how signals have performed in each market over time
- Algorithmic. Harness the power of the SMART Signals selection algorithm
- Ready-to-trade. Each signal comes with a suggested take profit and stop loss level
- Timeframed. See how long each signal has left to expire in-platform and receive alerts
Traders can amend their SMART Signals position at any time they wish. However, the SMART Signals algorithm is designed operate at maximum efficiency based on suggested levels.
Trading signals will initially cover a range of markets in FX, indices and gold. SMART Signals are available on web browser trading platforms, iOS and mobile trading apps.
Traders can find out more about SMART Signals here.