Latest version of TradeStation Mobile app enhances options trading

Maria Nikolova

Traders can now see their full Risk/Reward & Breakeven price points on the order summary page before they send their order to the market.

Online trading services provider TradeStation keeps updating its mobile solutions, with the latest version of the TradeStation Mobile app for iOS-based gadgets released less than a fortnight after the preceding version.

The latest update (version 4.10) aims to further enhance options trading. Traders can now see their full Risk/Reward & Breakeven price points on the order summary page before they send their order to the market. This is set to help traders make more educated trading decisions before executing options orders.

Version 4.9.1 of the app, which was rolled out earlier in December, enables saving of symbols and quote lists in the cloud. This way, the data becomes accessible from any mobile device. The company has promised that this functionality will also be extended to its web trading tool soon.

In one of the preceding updates to the app, an all-new balances experience became available, as the balances screen highlights important information and streams realtime account info directly to one’s device without the need to pull-to-refresh. Also, the app enabled traders to fund their account directly from the balances screen.

In May, the TradeStation Mobile app for iOS devices saw the addition of Open Interest in the Options chain. Users got access to Probability ITM (in the money), OTM (out of the money), BE & Theoretical value, which are all available directly from the Options chain. On top of that, TradeStation’s newly updated symbol search tool was enhanced to incorporate volume into the search results, which will help users quickly identify the most active stocks directly from their search. It is also more predictive and will make life easier when traders are looking for their favorite company ticker.

Also in May, the iOS app got equipped with extra five popular chart studies that provide more detailed analysis on charts. The company added the following studies: VWAP, Momentum, Price Channels, Time Series Forecast, and Moving Average Weighted.

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