Electronic trading major IG is inviting traders to have their say on which charts should be added to the IG trading platform. Traders are asked to take a quick poll vote.
IG explains that it is working towards making IG trading platform charting developments better to provide a good user trading experience. The broker aims to provide its clients with the best charts, therefore traders’ feedback is important to the broker and it will pass on their feedback to its development team.
The charts request options include:
- 1. Add indicators/tools
Whether you’re interested in forex trading, commodities or share trading, it can be helpful to use technical analysis as part of your strategy – and this includes studying various trading indicators. Trading indicators are mathematical calculations, which are plotted as lines on a price chart and can help traders identify certain signals and trends within the market.
There are different types of trading indicators, including leading indicators and lagging indicators. A leading indicator is a forecast signal that predicts future price movements, while a lagging indicator looks at past trends and indicates momentum.
- 2. Timeframes
A timeframe in trading can refer to any designated unit of time in which trading takes place. Typically, forex timeframes will be measured in seconds, minutes, hours, days, weeks, months or years. You will choose the timeframe that is most suited to your trading strategy.
- 3. Customise indicators/tools
Once you’ve applied your indicator to a chart, right-click on the indicator itself. From here you can edit values, colours and styles.
- 4. Drawings
You can edit drawings, the values, by right-clicking on your drawing. You can also duplicate or delete drawings in this way.
- 5. Backtesting
Backtesting will run a trading strategy against historic data for an instrument, and give you a detailed report on how it would have executed trades. Apply indicators & trading systems then create a new strategy or modify an existing one.
Backtesting is one of the most important aspects of developing a trading system. If created and interpreted properly, it can help traders optimize and improve their strategies, find any technical or theoretical flaws, as well as gain confidence in their strategy before applying it to the real world markets.
The company commented:
“Here at IG we want to make sure your suggestions or feedback help shape our direction and future. We appreciate that the best businesses are built around two-way communication with clients”.