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Screenshot of a breaking news alert e-mail from Q2 2017
Spotware Systems has today announced an enhancement to its ever-evolving cTrader platform which prioritizes freeing up margin over position profit and loss.
Alexander Strelnikov, a Product Manager at Spotware, explained: “cTrader’s new stop-out method protects trader margins and increases the lifespan of a trader’s balance. The rudimentary process used by some other outdated platforms is to liquidate positions once stop-out levels are reached starting with the most unprofitable position. Unfortunately this method works against traders when they are at risk of having their balance wiped out.”
“Our new stop-out algorithm closes positions in descending order of margin used, so that as each position is closed, traders have a better chance at securing what they can from their remaining deals. Stop-outs are never a pleasant occurrence for the trader, but the least we can do is ensure they have maximum chances of recovery” he continued.
“The stop-out feature is one of the many trader-centric features we have introduced to cTrader over the years. It encompasses our entire company philosophy, to put the trader first” concluded Mr. Strelnikov.
For full details of the Fair Stopout feature, click here.