Discarded if strategy closed less than 30 positions.
1. The Frequency
MirrorTrader only considers strategies that close 30 positions or more during the one-month testing period. Any strategies that are dead in the water are discarded.
2. The Standards
Just because a strategy can close enough positions, doesn’t mean it will be successful. MirrorTrader studies three key metrics to make sure the strategy is worthy of being uploaded.
3. The Interview
If MirrorTrader determines that a strategy is a good fit, they conduct an interview with the strategy provider to validate their credentials. Only when everything checks out, is the strategy pushed live.
MirrorTrader tests each system to make sure a strategy aren't opening and closing trades too quickly. If a system is closing positions every two seconds, it's eliminated.
Average profits and average losses ratio – During the testing period, the strategy has to be profitable. All strategies that break even or produce a loss are trashed.
Trading according to system rules – At FXDD Global, we allow scalping, however the MirrorTrader system does not allow this rule. MirrorTrader enforces other rules to protect users.