The new tool provides trading history and professional grade metrics to help visualize, track and manage one’s trading habits.
Online trading services provider OANDA Corp has recently updated its fxTrade mobile application for Android-based devices.
The latest enhancements include the addition of a new Trading Performance tool to traders’ live V20 trading accounts. The Trading Performance tool provides trading history and professional grade metrics to help visualize, track and manage one’s trading habits.
Traders can find the tool in the “More” tab.
It is barely surprising that the latest enhancements of the app concern V20 accounts, as in November last year, OANDA released an update to the OANDA fxTrade mobile application targeting European clients of the broker in particular. This happened as the company moved the legacy accounts to new V20 accounts, with the transition reflecting OANDA’s efforts to comply with the new MiFID II regulations.
OANDA announced the launch of the v20 trading engine in October 2016, as it celebrated its 20th anniversary. The engine is built on a multi-cluster machine architecture which redefines the way data flows through the system and allows OANDA to increase speeds significantly. In addition to institutional-grade speeds, v20 offers professional features such as: access to more order types and options than ever before; support for simultaneous long and short positions; and the ability to execute larger trade sizes through simulated depth of market features.
The company has introduced other V20-related enhancements to its mobile apps. For instance, in May 2017, OANDA’s fxTrade mobile application for Android-based devices has made the use of all Trade Default types available for owners of v20 accounts too. In June, FinanceFeeds reported of OANDA launching a new feature called Price Signal on its mobile apps for the v20 clients. The feature was first launched on iOS devices and was shortly thereafter introduced on Android devices too.
OANDA’s mobile trading app provides access to global markets to trade more than 120 instruments, including currency pairs, precious metals, and CFDs for global markets, indices, commodities, and bonds. The solution is equipped more than 50 technical tools, including 32 overlay indicators, 11 drawing tools, and 9 charts to easily edit your take profit, stop loss and trailing stop orders.