cTrader, the online trading platform developed by Spotware Systems, is poised to experience a major boost in the analytical space thanks to forthcoming partnerships with Trading Central, Autochartist, and Acuity Trading. The three companies are in third-party service providers’ list of Spotware, with the company promising that the collaborations are soon to become reality.
This is an exciting piece of news as the aforementioned companies all enable traders to stop feeling like weathermen: always seeing what happened in the past (identifying a pattern that is well discernible in the past data), but not very good at deciding whether to take their umbrellas with them when going out. That is, all of the tools and solutions from Trading Central, Autochartist and Acuity Trading are aimed to help traders benefit from various forms of analysis and thus get them time to make informed decisions on trading.
This is an obvious choice for fans of technical analysis – on the basis of various chart patterns, the system sends traders alerts on potential market trends and moves. Of course, the trader gets to decide whether to act or not when an alert is provided.
Forging a partnership with Trading Central makes perfect sense for Spotware, as competitors are already offering the solution. The list of Trading Central’s software partners includes Tradable, Leverate, as well as many brokers that offer the MT4 platform in which Trading Central works as an add-on.
Autochartist has among its users many novice traders who shun all of the complex charting , such as drawing of lines, making punctual estimates, and changing time-frames to detect a pattern.. The solution does the rough, initial work in analyzing the market data, detecting different complex patterns and enabling the trader to focus on the trade itself.
The list of Autochartist partners is also impressive: it includes ActForex, Tradable and is often used as a plug-in for MT4.
Acuity Trading is a UK-based start-up that offers ingenious and innovative solutions in the area of market sentiment analysis. A future partnership with Spotware will be drawing attention as it will mark a shift in the adoption of such sentiment analytical tools – they used to be affordable only for institutional traders while now they are migrating to the retail FX space.
The solutions developed by Acuity rely on analysis of Big Data – covering news and social network feeds, the technology detects sentiment in this information, which may then translate into a market move. Scholars of Artificial Intelligence may rejoice, as the programs are capable to spot emotions in linguistic data – a capability that people often lack.
A tie-up with Acuity promisese to take cTrader ahead of its competitors and secure its place as a truly innovative solution.
To view the list of service providers, click here.