New version of cTrader mobile app adds Autochartist Market Analysis
Spotware has integrated Autochartist Market Analysis into cTrader Mobile 3.4 Beta for Android and iOS apps.
Fintech expert Spotware Systems has enhanced the capabilities of its cTrader mobile app for Android- and iOS-based gadgets. To provide traders with more information and functionality to help them make better trading decisions, the company has integrated Autochartist Market Analysis into cTrader Mobile 3.4 Beta.
It will be also released to brokers that are subscribed to Autochartist services.
Autochartist identifies potential trade opportunities using Chart Patterns, Fibonacci patterns, and Key Levels. The analysis is generated per symbol, for timeframe as low as 15 minutes, providing traders with a graphical illustration and information on the direction of potential price movement along with the forecasted price.
In cTrader Mobile, the Autochartist Analysis tool is located in the Symbol Overview section. For more information, users can open Pattern Details which offer a full overview of the pattern. Orders can be quickly placed in both screens of the app providing a seamless trading experience.
This integration provides traders with an essential tool for technical analysis from a market leader and helps newer traders get acquainted with different technical analysis concepts and gain extra validation of their own analysis.
Spotware also plans to release Autochartist Market Analysis on cTrader Web as soon as possible.
Spotware regularly updates its mobile solutions. A recently released version of the solution added Sparkcharts, which allow traders to instantly get an overview of the market dynamics. Located in Watchlist, the first app screen, these charts show the price change over time per symbol. Users of the app can select the preferred time period, which is the past hour, day or week, from Settings.
In one of the preceding updates of the app, traders got the ability to create orders in one click directly from the chart in full-screen mode. When the chart is open in full-screen mode traders can click the “New Order” icon and the “Buy”/”Sell” button will appear. This feature is very convenient as it allows traders to conduct their technical analysis and trade from the same screen thus improving the overall app usability.