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Server-Side Trailing Stop via cTrader

May 10, 2016 by

Spotware Systems continues to improve its retail Forex trading software — cTrader. Recently, a very interesting new feature has been added to the platform — server-side trailing stop-loss. It may sound small but it is a huge deal in fact.

In MetaTrader, trailing stop is executed on the client’s side — inside the platform. Even if a trader uses some sort of expert advisor to trail the stops, it still requires the computer to be turned on and connected to the trading server. The only viable solution for MetaTrader users was to rent a VPS and host the trading platform there. With the latest update, cTrader users have a much more convenient and cheaper alternative — a trailing stop that is stored and implemented on the trading server.

The trailing stop is server-side by default — all you need to do to activate it is to set the appropriate checkbox:

cTrader - Setting Trailing Stop

The chart will display position with a TSL mark near its stop-loss. It means that the trailing stop-loss is active and will continue working even when you turn off the platform:

cTrader - Position with Activated Trailing Stop-Loss

Of course, the trailing stop tool provided by cTrader is not perfect — for example, you cannot set it different from the initial stop-loss. Similarly, there is no way to make it trigger at a certain profit level. Still, it is a helpful feature that, I am sure, will make some traders interested in the platform.

Other new features since my last post about cTrader include:

  • Chart view settings to disable/enable display of various chart control buttons. It helps to remove some of the chart clutter, but, unfortunately, it still leaves the platform’s interface rather overloaded. Definitely, it is nice to have so much control over the charts, but it is easy to get distracted in the current chart environment.
  • More color options to change the view of the Bid/Ask lines and Position/Order lines on the chart. I would say that it is more of a bug fixing than a new feature, but it is still good to see Spotware making progress here.

Overall, I would say that while MetaQuotes has worked well to make its MetaTrader a go-to platform for automated trading, Spotware is working to make cTrader the most comfortable manual trading platform.

If you have any questions or if you want to share your thoughts about the cTrader platform, please feel free to post them using the commentary form below.

One Response to “Server-Side Trailing Stop via cTrader”

  1. Gerard

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