Saxo Bank adds FX expected trading ranges in Trade Signals in SaxoTraderGO

Maria Nikolova

Knowing when an instrument is likely to be volatile or might consolidate can provide a firm and its clients a useful insight into the psychology and flow of the market.

More than five months have passed since online multi-asset trading and investment services provider Saxo Bank announced its partnership with AutoChartist that saw the integration of Autochartist’s tools into SaxoTraderGO. The Trade Signals service has since been gradually enhanced and enriched.

Saxo Bank has now added FX expected trading ranges in Trade Signals in SaxoTraderGO.

Understanding these ranges is important to both fundamental and technical traders, as they take them into account in their trading strategies.

The Expected Trading Range is an analysis of the volatility of the instrument, providing a view of the expected price range movement for a given weekday and time of day based on average instrument price ranges over the past six months. The daily movement is a measurement of the high to low range, calculated over six months with the average movement for that day marked within the range for current market conditions.

Knowing when an instrument is likely to be volatile or might consolidate due to lack of participation can provide Saxo Bank partners and their clients an insight into the psychology and flow of the market. In particular, it can be useful for:

  • setting appropriate market exit levels – Stop loss and Take profit placement should not only be place at strategic technical levels but should also take account of expected trade ranges for the period during which a position is expected to be held;
  • knowing when to avoid trading instruments by detecting specific times of the day when the instrument’s price is expected to be volatile;

Expected Trading Ranges are integrated into Trade Signals in SaxoTraderGO and can be shown by checking the Show Expected Trading Range checkbox on a Trade Signal.

Expected Trading Ranges are shown for the Trade Signal period and for higher periods. The picture above offers an example of a Trade Signal showing the Expected Trading Ranges for the next 15m, 30m, 1h and 4h.

Saxo is also enhancing the products for its White Label partners via the launch of improved Performance Dashboards. Saxo is enhancing the functionalities of these dashboards through the addition of a customised Sales Funnel chart and a Client Segmentation chart. These views will be supported by a Sales Funnel Simulation tool distributed in an Excel format. The company is also planning to bolster the Demo Account Usage Statistics collected from partners’ leads. This information will be updated on a daily basis.

Read this next

Inside View

Broadridge report finds 27% of firms’ overall IT budget goes to digital transformation

“A new chapter in digital transformation is emerging. In our work with clients across the financial services industry we see leading firms are already reaping the benefits from digitalization and the use of technologies such as AI and blockchain/DLT, as they adapt to economic headwinds and new competitive dynamics”

Executive Moves

Ripple announces Monica Long as President

“I’m incredibly honored to take on the role of President at Ripple as we expand deeper into crypto-enabled services like liquidity, settlement and custody.”

Executive Moves

Arabesque AI appoints Carolina Minio Paluello as CEO

“Arabesque AI is uniquely positioned to service the asset management industry’s need to meet the growing market demand for hyper customised portfolios.”

Industry News

SEC Commissioner Mark T. Uyeda says standardized ESG measures are doomed to fail

“Because ESG ratings may be divorced from matters of financial materiality, they can reflect a particular political or social agenda.”

Industry News

Worldline launches digital payments suite in India

“Our low-cost innovative offering SoftPOS will empower SMBs in a big way to accept digital payments affordably.”


cTrader Web 4.5 Presents Guest Mode, Multiple Charting and Copy Improvements

Spotware has announced the release of its cTrader Web version 4.5, which comes with a whole range of features and improvements for all cTrader users.


SteelEye suggests integrated surveillance as Morgan Stanley fines employees over WhatsApp

“The use of integrated surveillance means firms can avoid unwanted regulatory attention by enabling them to self-report and self-remedy more efficiently when malpractice is flagged.”

Industry News

ASIC bans Gregory William Finerty for unlicensed FX algo trading bot

Bradford AI leased an algorithmic trading program known as ‘Robot 1’ to trade on the FX market, using an Australia-based over the counter contracts for difference (CFD) broker.


With the recent changes to St Vincent licensing, what will the future trends be for licensing in 2023?

New St. Vincent and the Grenadines regulations came as somewhat of a shock for those brokerages that are only regulated in SVG