FX Engines Account Types

As I've mentioned before I'm an FX Engines user as well as an affiliate of theirs, and every so often I've written about a particular trading engine that works well for me, or a new trading feature they've rolled out. But in the past few weeks I've been getting feedback from readers of this blog about certain tools and features I recommend that don't seem to be available in their accounts.

For example, some account types don't allow you to create your own engines or trading signals, while mine does. On the other hand, while I can invent and test my own engines, I don't have access to their pre-built engines for trading the news. Since I wasn't sure exactly why this was, I checked in about it with FX Engines and got some helpful clarification from their representative Scott. Here's what he told me:

There are three account types available:

FX Trader: These are accounts designed to trade the news. This account has stock engines and signals, but no ability to create engines or signals.

FX Trader Plus: This is just like FX Trader but adds the ability to create exit signals and use them in trades.

FX Builder: This is the system building account option. You can create entry signals, exit signals, and engines. You can demo or live trade engines and back test them over 5 years of tic data. (This is the account I have.)

If you currently have an FX Trader account and want to try building your own engines, you can contact the support staff (like Scott) through the FX Engines interface and they'll be happy to switch it over for you. (And switch it back if you decide you liked your other account better.)

Scott also mentioned they'll be rolling out some new engine building features soon, which I'll be sure to post about when I have more details.