ThinkMarkets, a multi-asset broker offering forex, CFDs, and metals, has launched a new program, EA BuyBack. Apart from being targeted at robot users, the launch of this new EA is also intended to help promote manual-based trading.

This step is taken when automated trading is spreading to higher market tiers. This EA ThinkMarkets initiative will help support traders using automated robots to utilize their full range of strategy building tools, including charting indicators and pattern recognition tools. EA Buyback can only be used through the ThinkTrader platform belonging to this broker, formerly known as ThinkForex.

Manual Trader Empowerment

Apart from supporting automated robot traders, EA Buyback also aims to empower manual forex traders. By switching to manual trades, users will gain more control over their funds and trade them appropriately. So, traders can easily change automatic trading to manual trading through EA Buyback. The method is enough to deposit new funds or transfer funds from the MT4 account belonging to the previous trader.

ThinkMarkets broker CEO and co-founder, Nauman Anees, revealed that as a broker providing MT4, they have seen many clients using EAs over the last few years. However, there are lots of retail traders who get results that don't match expectations because EA does not guarantee a return on investment in trading.

What's more, basic trading knowledge is very important to understand what strategies are used by EAs. This method may not be the most profitable in trading. ThinkTrader's EA Buyback offers a viable alternative while also empowering traders. EA Buyback does not rely on difficult-to-customize automated trading rules. This facility provides a trading environment that is easily controlled by traders.

The launch of this new EA initiative is another step for the ThinkMarkets broker to provide services that meet and adapt to each individual's needs. Automated traders will easily create strategies with the advanced tools available. whereas manual traders can try to understand automated trading with EA Buyback and can still switch to manual trading at any time. so that traders can learn and control their trading easily.