Latest version of cTrader Mobile app offers more functionality for charting, order creation

Maria Nikolova

In addition to previously introduced horizontal, vertical or trend lines, in the new cTrader Mobile 3.1, traders can now also draw Ray, Equidistant Channel, and Fibonacci Retracement on charts.

Fintech expert Spotware Systems has released a new version (3.1) of cTrader Mobile Beta, with the app now offering traders more functionality for charting and order creation.

  • New User Drawings Support

In addition to previously introduced horizontal, vertical or trend lines, in the new cTrader Mobile 3.1 traders can now also draw Ray, Equidistant Channel, and Fibonacci Retracement on charts.

  • User Drawings Style Choice

The new version of cTrader Mobile adds more personalization options allowing traders to choose preferred color, width, and dash for their drawings on charts.

  • Pending Orders with SL/TP Improvement

In cTrader Mobile 3.1, the estimated price is now shown along with pips when creating the SL/TP for Pending order.

Let’s recall that version 3.0 of the solution provided support of user drawings on charts. On top of that, that version enabled traders to personalize their charts by choosing the preferred color of indicators. Chart zoom was also enhanced, so that traders can see the whole picture as the app allows to zoom out of charts 3-4 times further compared to the previous version.

The preceding version of the application (2.9) also came with a set of enhancements, including new chart type “Area”, Pipsometer (chart measuring tool) and social sharing functionality. Thanks to the pipsometer tool, traders can precisely measure pip distance on charts. Moreover, it clings to Open High Low Close of candles which makes the measurement very easy.

Speaking of innovation concerning cTrader, let’s note the recent launch of cTrader Copy. The new copy trading service functions as a flexible investment program and a fully integrated feature of cTrader Web 3.0. It replaces cMirror.

The new copying model is based on Equity-to-Equity Ratio where the volume to be copied is defined according to the Strategy Provider’s and Investor’s Equity. The system automatically recalculates the volume of Investor’s positions to adjust it to equity to equity ratio, taking into account any allocated amount changes due to the deposits and withdrawals of both parties. This results in position sizes of the Strategy Provider and Investor being relative to the resources which each party has or has allocated to the strategy.

Read this next

Institutional FX

Euronext’s FX volume takes yet another step back in July

Pan-European exchange, Euronext has reported a 7.6 percent drop in the average daily volume on its spot foreign exchange market. The ADV figure stood at $21.4 billion in July 2022, which is down from June’s $23.1 billion.

Executive Moves

IG Group strengthens institutional sales with appointment of Glen Hastings

IG Group, Europe’s largest online trading platform, has onboarded Glen Hastings to the role of its institutional sales manager. He joins the FCA-regulated broker with immediate effect, based out of its offices in London.

Digital Assets

Voyager customers can withdraw up to $100K in cash via ACH transfer

Following approval of the bankruptcy judge, cryptocurrency brokerage firm Voyager plans to return $270 million in customer cash. The amount represents a small portion of investors’ crypto holding that have been locked up since the company filed for bankruptcy in April.

Retail FX

Britain’s lifeboat system to conclude LCG compensation scheme

Britain’s Financial Services Compensation Scheme (FSCS) said today it’s preparing to close the compensation scheme of the collapsed mini-bond provider, London Capital & Finance.

Uncategorized

Robinhood parts ways with its first CPO Aparna Chennapragada

In what apparently part of the restructuring it announced last month, Robinhood is parting ways with its Chief Product Officer Aparna Chennapragada. However, she’ll remain employed in an advisory role to the CEO through January 2023.

Digital Assets

Crypto.com expands regulatory footprint with new licence in South Korea

Crypto.com has acquired payment service provider ‘PnLink Co., Ltd.’ and virtual asset service provider ‘OK-BIT Co., Ltd.’ The move effectively provides a regulatory stamp for the company’s digital assets and cryptocurrencies business in South Korea.

Metaverse Gaming NFT

Why NFT Technology Could be the Much Needed Solution to Crypto Inheritance 

The digital asset market may have started with Bitcoin’s humble beginning but its fortunes have changed over the past decade.

Industry News

Kohle Capital Markets expands CFDs lineup to 200+ stocks

Kohle Capital Markets (KCM), the leading international provider of online trading, has once again expanded its contracts-for-difference (CFDs) offering, this time with the addition of new products on its trading platform.

Industry News

Kohle Capital Markets continues CSR initiatives with donation of art piece to Lions Club International

Global brokerage firm Kohle Capital Markets (KCM) is taking its corporate social responsibility very seriously and continues to navigate the challenging period brought forth by the pandemic and Russia-Ukraine war.

<