Japan-based online forex broker FX Prime, which is majority-owned by GMO Corporation, today announced the release of its Forex Watch app, and said that the new app is now available on the Apple app store as well as Google Play for Android devices.
The update said that from April 4th 2016, users will be able to install the app and receive push notifications related to their trading activities, which will be sent to their smart-phone devices running the app.
The notifications were described as customizable based on several input variables and conditions, which together create the conditions – that once met – trigger the alert. Three notifications surrounding forex prices included the volatility, rate and signal notifications.
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Rate, Price and Volatility Notifications
For example, the volatility notifications uses parameters related to the degree of change that occurs within a certain time frame, including 3, 10 and 30 minute intervals, based on custom values. The idea was for traders to be able to sense when the market conditions change, such as when a support or resistance level is validated or breaches, and when the resulting volatility increases the speed of the price movement.
GMO explained in the press release that the signal notification function provided push notifications to users based on the strategy they’ve chosen, including the ability to choose from a list of strategies, while returning the cumulative profit or less for each one.
The rate notification was described like an alert where the notification is pushed once the price level is reached, and the update explained how the app allows for up to thirty different rate notifications to be set up.