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FXOpen Releases Updated Plugin for One Click Trading, Market Depth

FXOPen, the Forex broker based in New Zealand, has just revealed the launch of a new version of its One Click Trading Level2 Plugin for the Metatrader 4 (MT4) platform. 

 
The first version of the plugin was launched early in 2013, as the broker sought to offer its clients a way to improve their overall trading experience on the MT4. The piece of software, also known as OCTL2P, permits traders to place orders thanks to a single click while grasping the most desirable price thanks to the access to Level 2 data.
 
The installation of the app, which is totally free by the way, is a bit complicated but the broker has made a detailed tutorial of how to make use of the plugin. 
 
The part of the plugin which is visible on your screen resembles a remote control device a little:
 
 
The upper part of the panel is dedicated to one-click trading and you'll see only this if you simply want to open/close a position via a single click. The panel grows bigger if you want to place a pending order and make use of the Market Depth feature. 
 
But I bet that many of you are already wondering what could be new in the latest update given that the previous version of  OCTL2P permits plenty – including monitoring the best prices on the market depending on your order volume.  For starters, the latest update (1.12) is fully compatible with STP accounts on MT4 – and this was a necessary upgrade for the broker, which earlier in September transformed all of its MT4 Standard accounts into ones with straight through processing (STP) execution. Now the users of these accounts can also make full use of the plugin and access Level 2 information.
 
The remainder of the changes I'd define as perks. They include improvements such as the addition of Close Buy Positions and Close Sell Positions buttons (CB/CS), or the display of swap values in the currency of the customer's account.
 
Obviously, the clients of FXOpen can now enjoy an improved and very useful trading tool.
 
 

About FXOpen

 
FXOpen is a global Forex broker, registered in New Zealand. Unlike so many brokerages founded on commercial incentives FXOpen grew from bottom up and started as an educational center. It launched brokerage services in 2005 and has ever since focused on traders' interests. FXOpen was also the first one to realize that what traders really needed were Micro accounts and that the Islamic audience required a special type of Shari’a compliant accounts. 
Working from the very beginning with the world’s most wide-spread and user-friendly trading platform MetaTrader (MT4) FXOpen had gained the deepest knowledge possible about the technology. In 2009, the first ever MT4 ECN trading platform, coupled with 0.1 minimum lot, super-fast execution and advanced Money Management technology (PAMM accounts), was introduced to the market, thus, completing the ECN technological revolution in the MT4 FOREX trading environment.
TAGS: fxopen  fxopen forex broker  new zealand fx  forex software  mt4 plugin  OCTL2P  one click trading  level 2  market depth  buy sell volumes  free forex software  forex platform 

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