Spotware, a prominent financial technology provider for the electronic trading industry, has launched an updated version of its flagship ‘cTrader’ trading platform. The new improvements include both aesthetic features affecting the platform’s appearance and functional upgrades enabling the trader to do more and quicker than was previously possible. The updated feature set is yet another step forward for Spotware as the technology company continues its push to challenge other platforms.
Catering to varying and shifting needs, trading platforms are constantly being modified and provided with new additions and tweaks. This latest batch of updates helps cTrader catch up on some functionality it used to lack when compared to rivals and also to bring some new features into the fray.
August 2014 Updates:
The first improvement is the ability to change the operating ‘theme’ of the platform. The user can now select from a ‘Dark’ or a ‘Light’ background, making the visual appearance of cTrader customizable for the first time.
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From a purely traders’ perspective the standout improvement is the addition of ten new time frames ranging from 6 minutes to 3 days. This allows traders to conduct technical analysis with more customization when identifying new trading opportunities. While the time frames are quite unusual, a select few could find additional value in this feature.
Another trader focused new feature is the ability to modify the volume of pending orders without having to recreate the order from scratch. This must have been a highly demanded feature from existing users to eliminate the inconvenience of removing and reinstating a new entry order with a different volume. The feature is very useful for all types of trading strategy but particularly for medium-long term directional traders who want to quickly amend their existing orders.
The introduction of trading statistics such as ‘Max Drawdown’, ‘Profit Factor’ and ‘Sharpe Ratio’ are welcome new additions because they provide the trader with very informative statistical information regarding their trading history. One of the most important aspects for traders is the ability to accurately measure, track and analyze their own trading performance. Research shows that the most successful traders are those who do extensive self-analysis and evaluation.
Cloud savable workspaces has been a desired feature among traders for years. With cloud-based services becoming increasingly prolific and widely used, cTrader now offers users the ability to save their workspace in its entirety in the ‘cloud’ – to be retrieved any time on any device capable of running cTrader. This particular feature is most useful for traders who access their account on multiple devices or trade from multiple locations.