Trading and adding orders via charts

Improved charting package

When it comes to trading, charts help us make sense of the markets. They store and pictorially represent historical price moves, helping us to identify patterns. Traders use these patterns to forecast how prices may move in the future.

Keeping it simple

At Trade Nation we’ve deliberately kept our charting package simple, but with stacks of choice. Drawing tools include a suite of Fibonacci, Gann and Gartleys, while our list of technical indicators includes the MACD and RSI amongst the 90 or so studies available.

You asked, we responded

We’ve worked hard to ensure we give you everything you need, and nothing you don’t. But by listening to you we came to realise that there were some helpful charting features which we had omitted. Now, thanks to your feedback, we’ve been able to put this right. Here are our new charting features which we’re sure will improve your trading experience:

· Orders such as stops and limits (including trailing stops) are now visible on the chart.

· You can see your orders being triggered and converted to positions

· Stops and limits can be amended by clicking and dragging the visible line

· Now you can close positions from within the chart window

· You can toggle between different chart pricing types, so your chart will display mid-prices, buy prices, or sell prices, depending on your choice.

Trading from charts with stops and limits

Trading from charts with contingent orders

Better trade management means improved risk management

We are confident you’ll find this an improvement. For a start, these extra features help to simplify order management. Everything becomes easier and quicker to update. Being able to visualise your orders gives transparency which will help put your order levels into perspective. You can see instantly how the prices of stops and limits relate directly to what has been happening in the market. For example, are you placing a stop above or below a significant level of support or resistance? That becomes perfectly obvious when you place or change your orders directly on a chart. What’s more, you can choose your chart price settings to mid, buy or sell. So, if you have a stop or limit to buy, you can see if the higher ‘offer’ side of our quote has hit your order level. Similarly, if you have a stop or limit to sell, you can set the chart to track the lower ‘bid’ price. And it’s simple to toggle between these three options.

Conclusion

There you have it. You told us what we could do to improve. We listened and made the changes you asked for. And that’s how we’ll always do things at Trade Nation because your feedback makes us better. So, thank you for that, and we really hope you enjoy the benefits from our latest updates. And don’t forget to tell us what you’d like to see next.