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cTrader Mobile 4.6 with a large portion of news for traders

created Paweł Mosionek15 March 2023

Spotware has announced the release of a new version of the mobile platform - cTrader Mobile 4.6. The update brings many useful solutions, which include both elements responsible for functionality and personalization, as well as provide new analytical tools and improve the use of charts. The most important changes are listed below.

CHECK NEWS: Update of the cTrader 4.6 Desktop platform for computers

Shared account access

Users can now share, revoke or deny access to investment accounts, giving third parties the ability to trade on their behalf. Adding and withdrawing funds as well as copy trading are not allowed. This feature is only available through the cTrader Crossbroker app.

New tools for graphs

A completely new set of tools for drawing on charts on mobile devices has been developed, thanks to which performing analyzes from the level of mobile applications will be much more convenient. Changes concern:

Fibonacci Arc – Fibonacci arcs mark potential support or reversal zones to watch prices pull back after an uptrend. After a decline, Fibonacci arcs are used to predict resistance or reversal zones for the rebound of the opposite trend.
Ellipses – the ability to overlay the shape of an ellipse on the graphs has been added. The superimposed element can be freely modified like any other object: enlarge, stretch, move, change color, opacity, line width and type, etc.
Imprinting text – We can now add text to our charts to better describe the technical analysis performed.
Fibonacci Expansion – Fibonacci Expansion Levels is a tool for plotting possible support and resistance levels by tracking not only the main trend but also retracements. The tool is very similar to the classic Fibonacci, but it is also designed to determine the end of the third wave.
Fibonacci Timezones – Fibonacci time zones are a series of vertical lines used to divide a specific period into smaller ones, the lengths of which are consecutive Fibonacci numbers. Unlike other charting techniques, time zones focus on time rather than the price component of price movements.
Fibonacci fan – The Fibonacci Fan is a tool that is used to estimate support and resistance levels by drawing trend lines based on Fibonacci retracement levels.
Andrew's Pitchfork – "Andrew's pitchfork" :-). It is a technical tool that helps you identify possible support and resistance levels as well as potential breakout levels with three or more parallel trendlines that look like forks. The Andrews Pitchfork tool is convenient in defining potential support and resistance levels. There are 3 variations of Pitchfork available in cTrader: Andrew's, Schiff i Modified Schiff.

You can read more about Fibonacci tools in our Encyclopedia of Technical Analysis.

ctrader mobile charts

Manual drawing mode on graphs

One of the most important features cTrader Mobile users asked about was the ability to add objects point by point. As they say: "you say you have". Just click on the screen to draw points that will connect into one of the available geometric shapes. The shape will immediately appear on the graph, from where it can be freely modified and moved.

Chart magnet mode

Traders can now use Magnet mode for charting to increase the convenience and precision of drawing objects. Critical points will attract themselves to the line of the graph. We can choose the so-called weak and/ or powerful magnet, depending on your preference.

Improved view for chart settings

The graph settings interface has been rebuilt, replacing a simple list with large, user-friendly icons.

Equity chart in cTrader Copy

Window strategy & investment now includes 2 charts - ROI and newly added equity curve. The Equity chart shows the amount of equity that the provider has invested in the strategy, drawdown (Drawdown), as well as deposits and withdrawals, which allows us to use this chart to assess the potential risk of copying a given strategy.