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cTrader platform with new features

Aug 11 2014
By
cTrader introduced a bunch of new features to its elegant browser-based trading platform making it more user friendly and more powerful.
 
cTrader, developed by Spotware, is one of the platforms that offer viable alternative to Metatrader. It has web, mobile and desktop versions. cTrader is a true ECN platform and in terms of execution is a market champion. However, being relatively new, as launched in 2011, the platform currently has much smaller ecosystem and reach than the established MT4.
 
The new version features ordered, in our opinion, by their importance are:
 

- Two new trade statistics. First is a Profit Factor that is your profit/loss ratio. Keep that high. The other statistic is your max drawdawn. The max drawdown essentially is the lowest balance you have ever had expressed as a percent of the maximum balance you have ever enjoyed. If your best balance ever is $1000 and you have lost $500 afterwards your max drawdown will be 50% (provided you have never gone below $500). Simply put, drawdown is the biggest/smallest balance ratio. Better keep that low.

 

- Faster and easier modifying of the volume of your pending orders. Until now to change a pending orders in cTrader required first to delete the old order and then to place the new one. Now its done without the deleting.

 

- A bunch of new time frames are added – m6, m7, m8, m9, m45, 2h, 3h, 6h, 8h, D2 and D3. 

 

- Workspaces. This a cloud service that keeps safe all your setting no matter what device you use to access your account.

 

- A new bright color scheme allowing us to stop seeing all black.

 
Overall, the changes are not revolutionary but quite useful. On top of that we expect some social trading news from Spotware since they have recently teamed up with Tradency, the developer of the Mirror Trader platform. Stay tuned.
 
 
TAGS: cTrader  spotware 
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