» Trade From Charts

After reviewing client feedback, FXCM has incorporated many of the requests suggested and have revamped the Marketscope charting package, which is integrated into the FXCM trading platform. These new changes will eliminate the need to toggle between the charts and the rest of the trading station in order to make orders or place trades.

Major Change, Trading from Charts:

• Place orders and manage positions directly from the chartOpen
  • New Positions and Close Existing Positions
  • Set and Manage Stop-loss and Limit Orders
  • Create and Remove Entry Orders
• See all open positions and waiting orders reflected on your charts

New Look and Feel, Fully Customizable:

• Create a layout that best meets your trading style
• User friendly and easy to navigate
• Improved Trendline drawing tool

I tested the new platform and… It’s great but can be improve.

What can we do on the platform ?

1. We can create an order on the chart
2. We can move the “Stop” and “Limit” on the chart

What can be improved ?

1. We don’t have the option to disable confirmation. I want to move my stop line without a click in a confirmation box.
2. Why the default stop order is 9 pips and limit order only 1 pip??? Can we change that in options menu?
3. The order lines are horizontals. Is it possible to make a line and fix my stop on it? It could be a very good tool to stop a position on a support/resistance of a channel.
4. And better : could we fix a stop/limit order on an indicator (moving average…)
5. The options are “Create market order” and “Create entry order”, with the sell option selected. I’d prefer “Sell at market”, “Buy at Market”, “Sell order” and Buy order” it’s clearer. I also want the possibility to deactivate the confirmation on market orders.

I have many wishes on my Christmas list ;) I’ll continue to test the platform…

This entry was posted on Thursday, December 20th, 2007 at 18:10 and is filed under FXCM, forex broker, trading platform. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.