Fx Synergy Review: Trade manager by Pecunia systems: Everything You Could Imagine….Plus Way More
So there I was, just finished my review of the Best Trade Manager for mt4 I had used for years. Job done, and I was happy with both the review and the confirmation that I was using the clearly superior trade manager. After testing a bunch through the years, I felt confident in that understanding. And then I got both comments and emails suggesting I look into Fx Synergy, from Pecunia Systems. I thought to myself, “I’ve seen it all,” “why would I want to check out another trade manager?” I couldn’t have been more wrong!!
Pecunia Systems was kind enough to share their trade manager named Fx Synergy and they were both professional and EXTREMELY knowledgeable from the moment we began speaking. I’m going to be honest; Synergy has so many features and functions, a summary review doesn’t begin to cover everything inside this system. Please keep that in mind as you read over the features list. I really had to condense the immense list of highlights down to what I feel really separates Pecunia’s trade manager from even the best out there.
That being said, this power comes with responsibility. Synergy is clearly designed around someone who wishes to turn even the most complex trade plans, into automated reality……across many pairs and accounts simultaneously if desired. Therefore, I recommend Synergy for the trader who is looking for everything, plus way more, but isn’t afraid of having settings for everything and really putting complex trading strategies into trading reality. New and even moderately experienced traders may find Synergy overwhelming at times, and the cost of loading Synergy to the gills comes with the fact that there are A LOT of settings (in fact, virtually EVERYTHING can be adjusted and modified to fit a myriad of styles).
Pecunia does a great job of getting out ahead of this by providing a full library of educational videos and weekly webinars.
Fx Synergy
Pecunia Fx Synergy Interesting Features:
• Account Grouping: This is the first feature I found sets Synergy apart. Not only can you group different sets of trades together like some other trade managers, Synergy actually lets you group accounts together so you can “mirror” trades instantaneously across the different accounts. Yeah, if you’re managing multiple accounts, but want to take the same trade on all of them, DONE in 1 click!!
• News Suspend/Resume: This had me thinking “and I had been doing this tediously and manually for no reason”. Yup, Fx Synergy not only does a VERY nice job of giving you popups around news letting you know when a big/medium release is coming out, BUT also AUTOMATICALLY prevents your pending orders from firing before that “scary red news” if you want. Completely customizable, you tell Synergy how long before news you want to stop orders from firing and how long after news you want to wait until it’s safe to resume those orders into the market!!
• Stop Reverse: Believe it or not, I can’t remember seeing a good version of this feature on any other trade manager. So, you want to go the other way if your order gets taken out?? No problem, the stop/reverse function lets you take that reverse trade if you get stopped out. Not only that, you can set it so it is a different size than the original order.
• Scale In: I’m a big believer in adding to winners or “pyramiding”. Synergy lets you add to your winning trade as it moves into profit. You set the details of how it should happen and Synergy will make a big win, a huge win all without you having to do anything other than setup.
• Trade Copier: Yeah, it’s got a built-in trade copier so you can send your trades from the “master account” to any other “slave accounts” you may have. Most of the time, trade copiers are a separate program that can be unreliable and scary to use. Synergy integrates this right into their trade manager.
• Chart Shots: Automatically takes screen shots of MULTIPLE timeframes when an order is opened or closed. Even if you are asleep/away when your trade enters/stops out, you can still get a snapshot of the market conditions for review later. Great for analysis!!
• Built-In Webserver: Even when you are away from the computer or even out of the country, you can still monitor everything going on including price alerts, trade history, news etc…
• Multi-Platform Support: Currently works on MT4, but NinjaTrader, cTrader, JForex and Metatrader 5 will be supported Q1 2014.
• News/Breakout Trading Functions: Oh, a new set of features was added recently to allow news traders to setup various breakout strategies around news moves that can be both complex and completely automated. Not only that, but you can simultaneously trade that strategy across dozens of pairs, automatically.
This is the SHORT list of features!!! There was so much I wanted to add, but I guess it’s better you just see for yourself! I have to add that you can do that because Pecunia also is unique in the sense that they offer THREE different ways to use their trade manager:
1. A FREE 14-day trial: Take it for a test-drive for FREE.
2. Monthly Subscription: Pay as you go month to month
3. Lifetime License: For a fixed price, you own it for life.
To discover more about Fx Synergy’s Trade manager by Pecunia Systems including the
Literally, if you want something to happen in your trading, on up to 20 different accounts, Fx Synergy can automate it for you. Robust enough for the most demanding trader, yet tons of 1-click options for so many functions to make your trading happen at the speed of the forex market. Bravo Fx Synergy, I am supremely impressed. Now I need to get back to my Fx Synergy studies so I can get better at using it!! I will be back with an update in the future when I have completely harnessed more of the features. In the meantime, happy trading! May the pips be with you!!
Here is a short video I recorded to show the Fx Synergy Trade Manager in action!
http://www.youtube.com/watch?v=Zian20EBIuc&feature=share&list=UUh9jKEbExtwL0MnwLBeyoyQ
Author: Omar Eltoukhy
Fx Synergy Review
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