Trading software developer Spotware Systems is adding a new order type to its renowned cTrader trading platform. The Stop Limit Order is available via all of the company’s frontends – desktop, web, Android and iOS. Clients of all brokerages that offer cTrader will have access to the new feature that is designed to prevent unfavorable slippage.
The new addition to Spotware Systems’ top of the line trading platform is a combination of a Stop Order and a Limit Order. The new order type is executed with more precision, setting a limit on the price at which a stop order is triggered. As a result, negative slippage is eliminated, enabling traders to execute their strategies more aptly.
Commenting on the news, the Business Development Manager of Spotware Systems, Panagiotis Charalampous, explains: “The Stop Limit Order has been one of the most wanted additions to cTrader by the community and Spotware has satisfied the desire of thousands of traders. With this release, we deliver another powerful tool in the hands of traders. Now traders will be able to perform even more precise trading and expand the diversity of their trading strategies.”
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While the new Stop Limit order limits negative slippage, it doesn’t prevent positive slippage, making this order type an attractive addition to traders that are using entry orders.
Spotware Systems has been consistently adding new features to its core product, enabling a variety of strategies for traders. Most recently the company added a series of improvements to the MarketWatch section of the trading platform.