Spotware Systems announces a brand new Stop Out Algorithm for cTrader.

Spotware Systems has announced that it has revised the Stop Out algorithm used by their cTrader platforms. This new functionality is being branded as Smart Stop Out.

ctrader

Spotware Systems has announced that it has revised the Stop Out algorithm used by their cTrader platforms. This new functionality is being branded as Smart Stop Out.

This new Stop Out behavior adds significantly more protection to traders in contrast to what is typically used by other popular platforms. When a trader’s margin level falls below Stop Out level, positions will need to be adjusted to free up margin. The vital part is the method used to do this. cTrader now partially closes positions as opposed to closing them entirely.

When Stop Out level is reached the platform will partially close positions in increments of 1,000 units in the case of Forex pairs until the margin used reduces enough for margin level to become higher than Smart Stop Out level. The logic doesn’t necessarily target losing positions either. The algorithm begins by partially closing the largest position since this uses the most margin. For spot metals, commodities, indices, equities and other CFDs the lowest possible increment for the instrument will be used as a basis for closing the position.

“Our new Smart Stop Out algorithm is one of this year’s most exciting under-the-hood changes for every trader. The major differentiator from our previous Fair Stop Out algorithm is that positions are partially closed, this prevents traders from losing their entry points, which is very important in case market prices change direction, allowing the trader to later close the position with a smaller loss or even in profit.” – James Glyde, Head of Business Development, Spotware Systems.

It was in December of 2014 when the company announced their Fair Stop Out algorithm which was also designed to work in the favor of traders, and to help protect their account. As part of the company’s determination to inspire equality within the industry.

Smart Stop Out

 

Read this next

Institutional FX

CLS FX volume continues downward trend in August

Total daily traded volume submitted to CLS for settlement took yet another step back in August.

Digital Assets

Huobi taps AstroPay to facilitate fiat-to-crypto payment in Latin America

Huobi, the world’s sixth-largest crypto exchange by trading volume, has recently partnered with payment solution provider AstroPay to launch local currency account deposits and withdrawals in Latin America.

Digital Assets

Crypto exchange FTX to raise $1 billion at flat valuation of $32 billion

FTX is reportedly in discussions with a clutch of heavyweights from traditional finance to raise up to $1 billion in fresh funding to fuel more deal-making.

Digital Assets

Revolut US launches trading on Avalanche, Solana, and Dogecoin

British fintech and banking firm Revolut has further expanded its cryptocurrency offering in the US with the addition of 29 new tokens.

Digital Assets

Bahrain greenlights eazyPay to launch Binance Pay

The Central Bank of Bahrain has blessed a new partnership inked by Binance with Eazy Financial Services ‘eazyPay’, a local POS and online payment service provider. The greenlight enables EazyPayto to launch Bitcoin and cryptocurrency payments in the region.

Digital Assets

Coinbase approved to offer crypto for Dutch users

Nasdaq-listed crypto exchange operator Coinbase has been handed regulatory approval to operate as a crypto service provider in the Netherlands.

Metaverse Gaming NFT

AC Milan partners with Solana-based NFT football game MonkeyLeague

“Partnering with champions like AC Milan, an absolute iconic Club throughout footballs history, is another testament to what we are building and where we are headed as a game and game studio. It also represents a key step in our plans to bridge the Web2 and Web3 worlds.”

Digital Assets

Shariah-compliant Islamic Coin to support SDG-compliant ventures, green projects, and philanthropy

Shariah-compliant Islamic Coin has recently launched a collaboration with the World Green Growth Organization and the International Youth Conference 6, taking place on September 22-25th and September 30th-October 1st, 2022, in New York. 

Market News

Week ahead: US core PCE and eurozone CPI 

We heard from a range of central banks last week and the update sparked big moves in the markets, and the bulk of the volatility was in currencies.

<