Admiral Markets has announced an improvement to its custom MT4 platform, called Supreme, via the addition of two new features, risk and margin calculators. The new features, which are aimed at aiding trading decisions, are the result of customer feedback from users of the system, the company states.
The new trading calculators go beyond the standard MT4 capabilities and allow users to quickly calculate their exact margin requirements and risk profiles. The Margin Calculator automatically recognizes an accounts leverage, accounting for hedged and open positions. Whilst the Risk Calculator performs risk calculations in an account’s base currency and allows users to test scenarios by adjusting stop loss levels and the desired level of risk on a given trade, traders can see their risk expressed as a percentage of their equity or account balance.
The two new apps are based on FX Blue Labs’ technology, which specialized in modernizing MT4 for traders since the developer was called MT4i. Further enhancements to MT4 Supreme are currently in development to be released later this year, say Admiral Markets’ officials.
What to Look for in a Forex Technology Provider?Go to article >>
Dmitrij Laush, head of back-end development at Admiral Markets on the Trader’s Calculator, “We were surprised that such an important feature was not a part of MetaTrader 4, so were other traders. This triggered the process of development of features we believe are vital for MT4 users. I have to admit, it’s been a great pleasure being able to contribute to the development of the platform as a whole. I mean look at the modern App Stores, their community is what is driving App market growth which brings with it superior service & products. We want to do the same for the MT4 trading community.”
Back in April of this year, Admiral Markets, which was founded in Estonia in 2003, consolidated its retail business around its UK branch.