Spotradar from Nostradamus predicts good times ahead
NEWS
Geoff Gant, London-based IT director, told FX Week that "a number" of banks have been looking at adopting the system. Meanwhile, a second London-based brokerage is expected to sign up within the next two months.
Spotradar trades intra-day EUR/USD aiming to make a 50-pip profit against a 30 to 50-pip adjusting stop loss, with just one or two trades a day. It was designed in-house and can be white-labelled. In 2006, the system produced an unleveraged return of 14.64%, up from 4.25% in 2005.
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