GAIN Capital’s GetGo app enhances charts

The GetGo mobile app, which was made available by online trading major GAIN Capital in Australia this summer, has seen more enhancements. The latest version of the solution for Android-based gadgets focuses on chart improvements.

New features include real-time charts for live trades. Now traders can swap between GetGo’s speedometer and the fresh new bar charts. Traders can see their trade in-play and all historical price movements. ‘Your Performance’ charts have also had a makeover.

The list of recently introduced enhancements to the GetGo app includes Trade Mapping – a feature that aims to provide GetGo users with a clever way to analyze previous trades.

Traders will find a Trade Map for each closed trade under the Overview tab in the “Your Performance” section. Tapping on a closed trade expands this feature and allows traders to see a price chart showing the trade’s lifecycle in full.

The main three price points of one’s trade are on the vertical axis. There is a dotted horizontal line, which represents the market price where one’s trade was at break-even point, a solid line showing one’s Max Loss, and another solid line showing one’s Profit Target (if a trader has set one). The signal time window is shown along the bottom of the chart.

Trade Mapping will be useful for those traders who like to analyze and adjust their strategies accordingly. Depending on how and when traders close their trades, they may not always be capturing as much of profits as possible. Using the Trade Mapping new feature, users of the app can now go back and analyze their trades to see exactly when closing them would have made them lose the most money, or how they could have avoided a loss. If they find that they have been consistently missing out on extra profit, they may want to consider changing their trade management style.

The GetGo app leverages the capabilities of a smart AI-enhanced algorithm to spot statistical trends in financial markets and provide users with trading signals based on historical data. GetGo’s algorithm reads through millions of data points across global indices, currency and commodities markets looking for price patterns that have led to consistent trading outcomes in the past. When it spots a pattern it thinks might repeat, it pings a user a signal. Then traders have to decide: GetGo or No-Go? And that is where the app gets its name from.