Hello!
We are thinking about developing social trading platform with reverse trading feature. The idea is that in addition to common option of copying trades of professional traders there will be an option to copy losing account (newbies) in a reverse mode and thus making a profit.
For example:
We are thinking about developing social trading platform with reverse trading feature. The idea is that in addition to common option of copying trades of professional traders there will be an option to copy losing account (newbies) in a reverse mode and thus making a profit.
For example:
- “Bad trader” (for example, some newbie or some “lossy EA”) is opening a BUY order.
- Copier takes a signal and converts it to the opposite type of order (BUY -> SELL), so you receive SELL order
- The price is falling so original BUY order is in loss and the bad trader starts to panic. At the same time, the SELL order in your account is in Profit.
- “Bad trader” closes the order. Unfortunately, he lost some money.
- You make profit
Will that be interesting?