We have made candles configurable on the desktop-based version of the award-winning fxTrade platform.
Our technical analysis-minded clients will be pleased to learn of this recent adjustment to their user preference options as it gives them the ability to set the daily start and end times for candles displayed on their charts. Thus, fxTrade clients can now align their candles to 17:00 New York time (GMT -5), 00:00 New York (the previously universal configuration), or 00:00 (midnight in the time zone of their choice).
Previously, all of the candles on the fxTrade graph were set by default from midnight to midnight, New York Eastern Time (ET), and the configuration could not be altered or adjusted in any way.
Our clients have always had the ability to adjust the time zone settings within user preferences but whenever a change was made, it would alter the time zone in which information is displayed but not the actual graph alignment. Thus, our clients could reference news and their activity logs per the time zone they chose, but charting candles were aligned by default to start and end at midnight, New York Eastern Time (ET), and the configuration could not be altered or adjusted in any way.
Responding to Client Demand
Many of our clients have asked us to have the candles align to the start and end of the New York closing time of 5 p.m. ET; a change that ensures only five daily candles will appear each week. It’s a sensible request and one we have long wanted to implement. However, some clients prefer the existing configuration, whereas others wanted their charts to adapt to the local time zone of their choice.
Therefore, we opted to make this option as configurable as possible in an effort to satisfy the needs of all of our clients. Though this enhancement has only been added to the desktop-based version of fxTrade and fxTrade Practice, we are investigating ways to offer similar configuration options on our other platforms such as fxTrade Mobile and MetaTrader 4.
In addition to this change, we have also removed the option to set weekend start and end times. You can still hide and ignore weekend candles in your charts, but from this point forward, those weekend times will always align with OANDA’s hours of operation.
More Platform Tweaks in the Works
More modest but important changes are forthcoming to fxTrade.
In the not-too-distant future we will be adding two additional chart types that allow clients to reference candlestick charts based on the bid and the ask price, as opposed to the average price. This will benefit clients that like to use candlesticks but want to monitor specific positions more closely.
In addition, clients will soon be able to reference applicable price overlays while hovering over historical take-profit and stop-loss orders. This will help to clarify whether the price of the instrument reached the point in which those orders were triggered.
What other changes or additions to the fxTrade platform are you eager to see? Please share your thoughts in the comments box below.