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FxMagnetic Introduces RSI Trader Software

Safaque Kagdi
3 min readOct 2, 2024

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Software enhances strategy development with RSI and SMA Indicators

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FxMagnetic, a leading provider of advanced trading tools for MetaTrader users, has announced the launch of its latest software, FxMagnetic RSI Trader. This powerful new tool enables traders to develop and optimize strategies using the Relative Strength Index (RSI) and Simple Moving Average (SMA) indicators, further expanding the company’s popular trading suite.

Since its launch in 2019, FxMagnetic has gained recognition among traders for offering data-driven solutions that simplify the process of creating winning strategies. The new RSI Trader builds on this success by providing more sophisticated tools for analyzing market conditions through technical indicators and historical data.

Key features of FxMagnetic RSI Trader:

  • Instant Backtesting on Chart: Traders can see how their strategies would have performed in the past with just a few clicks.
  • Previous Signals Display: Analyze up to 100 previous signals to evaluate past performance and spot trends.
  • Thousands of Simulations: Run extensive simulations to find the best strategy parameters for optimal profit potential.
  • Advanced Indicator…

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Safaque Kagdi
Safaque Kagdi

Written by Safaque Kagdi

Safaque Kagdi is a Medium contributor with 12 years of PR and Comms experience. She is a storyteller writing about startups, entrepreneurs, artists and authors.

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