{"id":403384,"date":"2024-08-01T14:08:43","date_gmt":"2024-08-01T07:08:43","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/library\/philosophy\/2024\/08\/roboforex-stockstrader-a-quick-lock\/"},"modified":"2024-08-01T23:07:26","modified_gmt":"2024-08-01T16:07:26","slug":"roboforex-stockstrader-a-quick-lock","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/library\/philosophy\/2024\/08\/roboforex-stockstrader-a-quick-lock\/","title":{"rendered":"RoboForex StocksTrader .. a quick lock"},"content":{"rendered":"
\n

I \u201cfound\u201d 372 USD in a bando account on RoboForex<\/a>. Since I can\u2019t really withdraw the funds at the moment, and they keep sending me ads for the \u201cnew\u201d platform that more or less replaced cTrader, I thought, \u201cLet\u2019s give it a try.\u201d I created a new account and transferred the ghost funds to it, and poof, there we go.<\/p>\n

<\/p>\n

Got 1:20 leverage as default, which is good enough for the test, plus this account is more designed for investing over trading.<\/p>\n

Looked around during off-hours. They have a quite interesting portfolio of US stocks & Forex; sadly, there are no other exchanges.<\/p>\n

However, the volumes and execution seem to be all right, so I decided to give Forex a try. I went in pretty hard on GBP\/USD and made a quick 9% profit. in hindsight i\u2019m mad i didn;t take this trade on the other accounts \"\ud83d\ude09\"<\/p>\n

Well, that wasn\u2019t really the point; I used these trades to test the hedging\/netting features as well and decided to go with the netting feature, as scaling is much easier when maintaining a single position over multiple ones.<\/p>\n

The web interface is extremely basic, but they do have VWAP integrated (wich is rare).<\/p>\n

The only problem is that they do not reset the session, so the VWAP values are somewhat different, especially during low volume times like the Asian session.<\/p>\n

Here is a quick comparison between cTrader and StocksTrader<\/a>:<\/p>\n

\"\"<\/a> \"\"<\/a><\/p>\n

as for the pro\u2019s and con\u2019s:<\/p>\n

The cons of this platform being extremely basic, with little to no features, is also its massive advantage, as it is extremely lightweight and can execute trades through the web interface at lightning speed. This clearly gives it an edge. In combination with the netting feature, scaling and trade management are extremely easy.<\/p>\n

It seems to support server-based trailing stops (I need to test this a bit more thoroughly).<\/p>\n

You can store multiple layouts as well, but they appear to be stored as session values.<\/p>\n

There is also an iOS and Android app, which is quite slick as well.
\n(a bit bloated in my opinion, but thats a matter of personal taste really)<\/p>\n

\"\"<\/a>\"\"<\/a>\"\"<\/a>\"\"<\/a><\/p>\n

Overall, it is not as bad as it looks. If you know what you are doing, this platform performs pretty well.<\/p>\n

I need to figure out how to place limit orders in a \u201cfaster way,\u201d since this currently requires some clicking around. But that\u2019s most likely just me not having figured out the shortcuts yet.<\/p>\n

Give it a try; it\u2019s totally free to test on RoboForex<\/a>.<\/p>\n<\/div>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

I \u201cfound\u201d 372 USD in a bando account on RoboForex. Since I can\u2019t really withdraw the funds at the moment, and they keep sending me ads for the \u201cnew\u201d platform that more or less replaced cTrader, I thought, \u201cLet\u2019s give it a try.\u201d I created a new account and transferred the ghost funds to it, […]<\/p>\n","protected":false},"author":1,"featured_media":403433,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[117],"class_list":["post-403384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-philosophy","tag-0x8-trading"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/403384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=403384"}],"version-history":[{"count":2,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/403384\/revisions"}],"predecessor-version":[{"id":403432,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/403384\/revisions\/403432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media\/403433"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=403384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=403384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=403384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}