Auto Trade

Penuel Automatic Trading Platform

 

 An automatic trading platform that uses signals from professional Forex traders to manage trades in your account. All you have to do is select the traders (also called “signal providers”) and Penuel Trade will reproduce the provider’s trading strategy in your account. Trades will be opened and closed in your Meta Trader account automatically.

To Start

You need to provide your name and Penuel membership details. Then send us a signed Letter of Direction (LOD) – a document, authorizing Auto Trade to perform automatic trading in your account.

To help you select a provider, Auto Trade runs a trader’s rating with detailed and precise information about the provider’s past performance and reviews from other signal followers. There is also a list of the best performing followers showing their profits and which providers they are subscribed to.

However, Penuel Auto Trade leaves full control over your funds and trading in your hands. You can customize the level of risk and set the maximum number of lots, to be opened when a signal is received in your account. And most importantly, you can close all open positions and opt out of a strategy or a provider at any moment of time. You can also continue manual trading in your account.

Advantages of Auto Trading

 

  • Manage several trading accounts from a single workplace.
  • Create a portfolio of your own by combining the most profitable currency pairs from different providers:
  • Protect your trades with Auto Guard:
  • Swift and error-free signal delivery from signal provider to signal follower in real time;
  • Monitor open positions in real time.

Forex Trading Tools

 

Promptness, precision, transparency and in-depth understanding of the nature of Forex market–are the keys to successful trading and effective money-management.

Precise calculations of pip value, margin, SWAPs  and ECN  commissions will help you plan your trading, estimate potential profits and risks and optimize your lotsizes. Focus on market analysis and trading and do not waste your time on routine calculations.   

One Click Trading and Level2 Plugin

The speed of placing an order can be crucial, especially in volatile markets. Our One Click Trading and Level2 Plugin lets you place an order at the best available price with a single mouse click. And with 5 levels of market depth you will always know the available volumes of liquidity for any currency pair.

What else you can do with One Click Trading and Level2 Plugin:

 

    • place or close a market or a pending order;
    • set order size;
    • place a Stop Loss or a Take Profit;
    • view the market depth Level 2 data;
    • view the volume-weighted average price (VWAP)

Margin and Pip Value Calculator

This easy-to-use tool will help you calculate margin and pip value before opening a trade. It will also help you decide which leverage is suitable for you. Knowing the precise margin, pip value and the optimal leverage are the keys to improving your trading strategy.The calculator uses real time quotes and your account’s equity and leverage in all calculations.   If these parameters change, you can re-calculate margin within just a few seconds without the risk of making an error, as with manual calculations.

Currency Exchange Rates 

Penuel Management offers multi-currency accounts. Our Currency Rates and Conversion Calculator will help you get the exact conversion rates when transferring between Penuel accounts with different base currencies. You can also view historical rates for any date of your choice.

Commission Calculator

A user-friendly tool for instant and precise ECN commission calculations. Calculate the exact ECN commissions half-turn or round-turn for any currency pair or metal and any lotsize. Click on a currency pair in the list to see detailed formulas.