PLANTATION, Fla., March 29, 2012 (GLOBE NEWSWIRE) -- TradeStation, the award-winning broker-dealer and futures commission merchant, has added dynamic new chart trading functionality to its analysis and trading platform, giving traders additional speed and flexibility in placing orders and managing their positions.
Used in conjunction with a Chart Analysis window in the TradeStation platform, the new Chart Trading feature integrates click-and-drag order-entry functionality, allowing traders to quickly and easily place trades and manage positions and orders from a chart. Buy and sell orders can be placed, edited or canceled by clicking directly on the chart or by clicking on the various order-entry buttons in the Chart Trading Bar. Open orders can be moved to new price levels by simply clicking and dragging the corresponding order lines.
"Chart Trading is the first of a new generation of TradeStation features powered by the new generation of EasyLanguage®," said Salomon Sredni, Chief Executive Officer of TradeStation Group. "Going forward, traders will no longer be limited to creating indicators that simply plot lines or generate static alerts. With this release, analysis techniques have evolved to become fully interactive and dynamic applications in their own right."
The Chart Trading feature allows TradeStation clients to intuitively place and edit orders directly on a chart in real time. Single and multi-leg orders can be placed with a simple click of the mouse, leaving an interactive order line at the selected price. Orders can be changed by dragging the order line to a new price level, canceled with a press of the delete key or edited with a right-click. Traders can also use the Chart Trading panel, attached to the side of a chart, to view position details and close or reverse a position. Commonly used orders such as hit/take, market, OCO, and trailing stops can be quickly placed with a button click.
Unlike other chart-based trading tools on the market, the Chart Trading feature is written entirely in EasyLanguage, TradeStation's proprietary programming language. This allows software developers and traders alike to modify or extend the application to meet their own unique trading needs.
For more information visit, http://www.tradestation.com/trading-technology/tradestation-platform/execute/chart-trading.
About TradeStation Group, Inc.
TradeStation is an award-winning online brokerage firm and trading platform. In March 2012, Barron's magazine, in its annual review of 24 online brokerage firms, awarded TradeStation its highest overall star ranking (4½ stars), as well as Best for Frequent Traders, Best Trading Experience and Technology and Best for International Traders. Also in March 2012, TradeStation won for Best Trading System – Stocks, Best Trading System – Futures, Best Institutional Platform, Best Professional Platform, Best Online Analytical Platform and Best Real-Time Data in the annual Readers' Choice Awards given by Technical Analysis of Stocks & Commodities magazine.
TradeStation Group, Inc. through its principal operating subsidiaries, TradeStation Securities, Inc. and TradeStation Forex, Inc., offers the TradeStation analysis and trading platform to the active trader and certain institutional trader markets. The TradeStation platform offers electronic order execution and enables clients to design, test, optimize, monitor and automate their own custom equities, options, futures and forex trading strategies. The company acquired IBFX Holdings, LLC and its subsidiaries in November 2011, expanding TradeStation's forex business in the U.S. and globally. TradeStation Group is a wholly owned subsidiary of Monex Group, one of the largest online financial services providers in Japan.
TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC & NFA) is a licensed securities broker-dealer and a registered futures commission merchant, and also a member of the Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange and NASDAQ OMX. Its TradeStation Prime Services division, based in New York, seeks to provide prime brokerage services, including securities lending, to small and mid-sized hedge funds and other firms. TradeStation Forex, Inc. (Member NFA) is a Retail Foreign Exchange Dealer (RFED) that provides forex brokerage services directly and through its Interbank FX (IBFX) Division. The company's technology subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. TradeStation Europe Limited, an FSA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities, Inc. and TradeStation Forex, Inc.