Spotware Systems Adds Stop Limit Order to cTrader

Trading software developer Spotware Systems is adding a new order type to its renowned cTrader Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. The Stop Limit Order is available via all of the company’s frontends - desktop, web, Android and iOS. Clients of all brokerages that offer cTrader will have access to the new feature that is designed to prevent unfavorable Slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term.

The new addition to Spotware Systems' top of the line trading platform is a combination of a Stop Order and a Limit Order. The new order type is executed with more precision, setting a limit on the price at which a stop order is triggered. As a result, negative slippage is eliminated, enabling traders to execute their strategies more aptly.

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Commenting on the news, the Business Development Manager of Spotware Systems, Panagiotis Charalampous, explains: “The Stop Limit Order has been one of the most wanted additions to cTrader by the community and Spotware has satisfied the desire of thousands of traders. With this release, we deliver another powerful tool in the hands of traders. Now traders will be able to perform even more precise trading and expand the diversity of their trading strategies.”

While the new Stop Limit order limits negative slippage, it doesn't prevent positive slippage, making this order type an attractive addition to traders that are using entry orders.

Spotware Systems has been consistently adding new features to its core product, enabling a variety of strategies for traders. Most recently the company added a series of improvements to the MarketWatch section of the trading platform.