The ability to accurately assess the performance of each strategy is key to successful mirror trading. Traders have to be able to combine and analyze many parameters such as strategy profit, maximum drawdown, win %, and risk adjustment ratio among others, to make wise trading decisions. Prior to T-score, there was no single parameter or scoring method that represented the strategy's overall performance.
In addition, there was no system that tracked fluctuations in the volatile Forex market and notified traders of the changes in the performance of their strategies.
For these reasons, Tradency invented the T-Score. By constantly evaluating all the strategies available on the Tradency platform, the tool assigns a unique T-score to the strategy providing the most accurate and up-to-date indication of each strategy's performance.
T-Score serves as a perfect tool for traders that use Mirror Trader's platform to evaluate the strategies. With the T-Score, traders are offered the opportunity to examine not only the profitability of a strategy, but also its stability, risk factor and how well it adjusts to changes in the market.
