Spotware’s cTrader STP platform adds 3 types of Depth-of-Market
Spotware’s cTrader STP platform adds 3 types explained by professional Forex trading experts the “Spotware’s cTrader STP platform adds 3 types” FX trading team.
Spotware’s cTrader STP platform adds 3 types
The Price DoM offers the most in depth view of the market, showing a list of pip by pip prices up or down from the current spot price. Users can enter limit orders and stop orders by clicking on the price lines, and can also continue to manage their trading from within the DoM, with options to cancel and close orders and positions.
Brian Martin at cTrader says, “Price DoM gives traders a close-up view of market liquidity. It’s an excellent tool for traders who need to see details of short-term price action, and those who need to open and close orders quickly, such as scalpers or those who trade news events.”
With cTrader’s VWAP DoM, traders can set a volume amount on each price line, and the platform will update to show tick by tick VWAP prices for each executable volume. Using cTrader’s ‘QuickTrade’ feature, users can then click once or twice on each line to quickly enter a market order.
Speaking on the advantages of the Mr. Martin, said “The VWAP DoM offers a number of advantages to traders. For those who are following a strategy in which different volume amounts are frequently traded, they can set up these volumes as new trading buttons – letting them enter the market with a single click at their usual volumes when the VWAP price is favorable. It’s great for those who trade large ticket sizes as well, as they’ll be able to see the exact VWAP price for the volumes they want to execute.”
cTrader also recently received a revamp of the Standard DoM, which simply displays prices and their liquidity coming in from liquidity providers. The standard DoM now features a graphical representation of available liquidity on each price line.
Spotware’s cTrader STP platform adds 3 types Conclusion
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