Spotware upgrades cTrader, offers better position protection

Spotware upgrades cTrader, offers better position protection

- in All News, Featured News, Trading Platforms
cTrader

Spotware Systems, the developer of the popular cTrader trading platform, announced it is adding advanced trading features as part of the regular product updates of the platform for September.

With the new updates, traders can now determine the trigger side of Stop Orders (including Stop Loss). There are four options available to trigger: Trade Side (default), the Opposite Side, Double Trade Side or Double Opposite Side. Regardless of the trade direction, users can also choose the trigger method, the Bid, Ask or second consecutive Bid or Ask price. The options can be applied before creating an order or can be modified at any time for any order or position.

“We are very pleased to bring this feature into cTrader which provides traders with the option to protect their positions from price spikes from LPs by choosing to have their order triggered by the second consecutive price,” said James Glyde, Head of Business Development at Spotware. “Traders can also protect themselves from gaps in the spread during times of volatility by configuring the opposite trade side to trigger the closing of the position, or opening of the position. This feature can be used for certain strategies but more importantly to protect traders from harmful conditions which can exist in an STP environment.”

The latest cTrader update also introduces Custom Hot Keys, which lets users assign a key or a key combination to perform actions. In other words, traders can reassign default shortcut keys in accordance with their preferences.

cTrader-Hotkeys

Spotware also extended a legacy feature initially added 4 years ago – the Watchlist. Not it evolves into Multiple Cloud Watchlists and allows users to group their favorite symbols and put the lists in new windows. This feature, however, is available only to users with a cTrader ID.

cTrader-Watchlists-2

In August Spotware introduced the FIX API credentials for all cTrader accounts by default.

Spotware Systems is the developer of the popular cTrader platform used by a number of brokers in the retail forex and CFD industry such as FxPro, Axiory Global, RoboForex, Pepperstone, FIBO Group and TradeView Markets.

Spotware Systems also offers mirror trading platform cMirror, algo and technical indicator coding application cAlgo, cloud-based solution cServer, and agnostics aggregator cAggregator. Its competitors include software developers MetaQuotes Software, developer of the MetaTrader 4 and 5platforms, ActTrader, and Tradable.

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