MetaTrader is certainly great for beginners, but it might be not enough for professional traders. This is why Admiral Markets provides StereoTrader.
Being a successful trader actually takes more than a good trading strategy and risk management system. Little did you know, your choice of trading platform is also crucial in determining the outcome of your trades. The most popular trading platform these days is the MetaTrader platforms, consisting of MetaTrader 4 and MetaTrader 5. The platform is widely known for its simple layout and fast trade execution.
While the simplicity is a huge advantage to novice traders, it can be a slight disadvantage for traders with higher expertise. This is where StereoTrader comes in. It is a software extension to the MetaTrader platforms that aims to take your trading experience to the next level.
StereoTrader at a Glance
StereoTrader is an extension and advanced trading interface for MetaTrader 4 and MetaTrader 5 platforms. The extension is a highly sophisticated add-on that was based on Expert Advisor technology, making it super easy to install and use. The main purpose of StereoTrader is to enable smoother, more controlled trades, and optimizes users' positions with fast and reliable automation system.
In addition, StereoTrader upgrades the platform's layout by providing more information on the screen compared to the classic MetaTrader. You can choose from a wider variety of trading tools and order types that are only available in the StereoTrader extension. That being said, the technology is particularly suitable for professional traders and scalpers who are specifically looking for an advanced trading station for manual trading.
Top StereoTrader Features
For a more in-depth explanation of what Admiral's StereoTrader can offer, let's take a look at some of the top features below:
One Click Speed Trading
This feature basically enables you to place orders with just a single click and the platform will immediately recognize whether it's a limit or a stop order. Moreover, there are more than 30 one-click trading commands, allowing you to place orders with high efficiency at an extremely fast speed. This makes it highly profitable for scalpers who tend to take advantage of small price movements. Since they need to open multiple positions a day, they need tools that can execute trades rapidly to get the best price possible.
StereoTrader allows you to trade based on historical data and price trends. This enables backtesting, which is a great way to test new trading strategies and check how they would have performed historically. Aside from that, you can also use it to test all the functionalities of StereoTrader freely even when the market is closed, so you can use it at any time you like.
With StereoTrader, you can run multiple trading strategies on a trading asset through different charts at the same time. Thus, there is no need to create several trading accounts just to test different types of strategies. This is also a great option for algorithmic traders as it enables them to trade both manual and automated trading in parallel without having the two methods interfere with one another.
Fully Customizable Platform
The platform provides a total of 20 different layouts for your charts and nine layouts for the control panel. You can choose the best layout that suits your needs and adjust the advanced settings, such as the intensity of the color and font size.
Advanced Order Types
Admiral Markets' StereoTrader offers more advanced and flexible order types for professional traders that aren't available on the classic MetaTrader platform. This includes Limit Pullback, Dynamic Trailing, Stealth, and others. All of these orders have specific purposes that can help traders achieve a certain goal.
For instance, the limit pullback order is able to help you avoid unfavorable situations by executing the order only after the price has finished moving and pulled back to a certain price. This allows you to recognize potential higher profits and better entry points during high momentum price movements, which makes it incredibly useful for scalpers and news traders.
Free Monthly Access
You can get monthly renewable access to StereoTrader for free in Admiral Markets if you can maintain a minimum live account equity of EUR 4,000 or equivalent in another base currency at the time of review.
How to Get Your Copy of StereoTrader
Normally, StereoTrader can be accessed by purchasing a specific license, which is currently priced at EUR29.90 per month. Thankfully, Admiral Markets is a certified StereoTrader partner so there is a way to access the software without having to pay for the monthly subscription.
As an Admiral Markets user, you simply need to have a live trading account with a minimum equity of EUR4,000 to enjoy the benefits of StereoTrader. If you want to try StereoTrader without fulfilling the requirement, you can do so in a risk-free demo account.
To sum up, in order to get a StereoTrader installed on your device, here are the steps that you'll need to follow:
- Create a live trading account. Sign up with Admiral Markets by providing your name and email address to open a new account.
- Fulfill the minimum requirements. Once your account is activated, you'll need to have an equity amount of at least 4,000 EUR in your account to get free monthly access.
- Start your trading journey. Download and install StereoTrader to your device and level up your trading experience.
StereoTrader is an excellent addition to the MetaTrader trading platform, particularly suitable for scalpers and experienced traders. As mentioned in this article, StereoTrader offers plenty of advanced tools that are not available in the classic MetaTrader series. You can use such functionalities to improve your trades and make your trading experience more seamless.
The installment process is very simple and there is even a chance to get free monthly access for active traders. If you are interested to get this must-have tool, make sure that you are signed up with Admiral Markets.