Application-based FX trading platform Tradable has received some additional innovation, this time in the form of the Tradable Scalper workspace, which the firm states offers a stable, user-friendly layout that is able to effectively and seamlessly translate analysis into trades.
This functionality has been added just one week after the firm launched its Straddle Trader application for catching big moves in the market, and its Event Trader application which shows the upcoming news for the current day to allow traders to schedule trades based on expectations.
The apps provided allow for quick market overview and order entry, as well as effective trade management that benefit scalpers looking for fast execution of multiple orders.
The Tradable Scalper workspace layout is divided into two tabs.
The first tab – “Charts & Trading” features two NetDania charts in order for traders to monitor multiple levels of price movement down to the tick, as well as multiple smaller timeframes from as low as 5-second charts and tick charts. The tick charts are complemented by the Tick Flow app which provides an easy overview of the latest distribution of buying and selling at a glance.
The Pro Trade Board is the ideal order entry app for scalping with its large buttons and one-click execution feature that allow traders to enter trades quickly and efficiently. Instead of searching through all available assets to find what is needed, traders can select which assets that they want to see in the watchlist.
The Autosplitter app is a handy risk management tool that sets automatic stop losses and multiple profit target levels in advance. Users can split their desired profit target up to 10 different parts within a pre-set range (Count) in pips. It allows the setting of targets in advance without having to additionally manage positions once entered.
The second tab – “Portfolio”, features the Ariel Trade Notebook app that allows traders to take notes on their trades. This way, traders can also see their trade history and write down notes on active as well as past trades. Traders can record their thoughts on trades and review them in order to evaluate and improve trading.
The Audible app provides the option to set sound alerts for specific events such as realized profit, realized loss, margin reached, etc. This way, users can get notified via sound messages without having to sit in front of the computer.
The Daily Drawdown app protects accounts with its option to set the maximum daily profit or loss in percentages. When “ON”, it protects account capital and keeps losses within the money management rules set in any particular trading plan, since it closes all open positions once the desired profit target or drawdown limit is reached. By using this app a trader’s account will be automatically protected, taking out any emotions associated with winning or losing and having to close positions manually.
To view the official announcement from Tradable, click here.