Forex Trading Platforms and Windows Vista Business Edition:GTS Pro with FX AccuCharts

image Today we will be putting Windows Vista Business Edition to the trading platform  test. The programs that we will be testing under Windows Vista Business Edition today are Global Trading System Professional by FX Solutions and TeleTrader Professional or FX AccuCharts.

Installation

These two programs are packaged separately therefore you will have to install them separately. It is not important which program is installed first.I have chosen to install FX AccuCharts first.

FX AccuCharts Install

The FX AccuCharts installation is very straightforward, simply choose an install location, agree to the licence, choose a username and finally choose a complete or custom install (I have gone for complete). The time it takes to install FX AccuCharts is significantly longer then most other platforms. When installation is completed it gives you the option to launch both the application and manual. After installation an icon is placed on the desktop.

Global Trading System Professional Install

The Global Trading System Professional (GTS pro) installation is very straightforward, it was a little different to other installers as it is a self-extracting archive; therefore, the setup program is unzipped before the install can begin. In the setup, an install location is chosen and then GTS Pro is installed and an Icon is placed on the Desktop.

FX AccuCharts

On first launch of FX AccuCharts you will notice the very clean interface utilizing Windows Vista’s graphical improvements.  There are numerous features in FX AccuCharts, however in essence it is really an offline charting and technical analysis application that uses a proprietary data feed. The main fetures include:

  • 150 advanced technical indicators and oscillators.
  • Ability to modify and create custom indicators using TeleTrader langauge.
  • Advanced drawing tools which include: line drawing tool, shape drawing tool, Fibonacci fan drawing tool, Fibonacci retracements drawing tool, Fibonacci Arc drawing tool, Speed resistance drawing tool, Gann fan drawing tool, Andrews Pitchfork drawing tool and cycle line drawing tool.
  • An audible alert system for when price alerts are hit.    

Overall FX AccuCharts is an average analysis tool and works very well under Windows Vista Business Edition. FX AccuCharts is fast responsive and provides a large and varied number of tools to help in trading. I would not recommend this program for real time analysis however it is good tool. An image of FX AccuCharts shown below.

FX AccuCharts MainWindow

Global Trading System Professional

GTS Pro also makes use of Windows Vista look and feel. The platform consist of one of the best laid out main window interfaces that I have seen on any trading platform. It is clear to see that this platform has been designed with usability in mind.

GTS PRO Layout

The default main window view is shown above and consists of:

  • The top toolbar shows Accounts, Balance, MTM P/L in dollar terms, Equity, Used Margin and Usable Margin.
  • The AUD/USD order selection window shows live Bid/Ask prices and High/Low prices for respective currencies.
  • Streaming tick chart for desired currency.
  • Account information.
  • Currency pair summary.
  • Pending Orders.
  • Open Trades

Another truly innovative feature of GTS Pro is the Connection Health dialog box, which can be opened via the Help menu. The connection health dialog box displays the the number of connections, last connection time, average connection time, maximum connection time and the number of timeouts.

image 

Another feature is the ability to set a price alert, you can set the alert on the Bid or Ask side and is a one click process from the main window. To place an alert you simply select your currency, choose the price for Bid or Ask and finally choose a sound file to play when the price reaches the target is hit.

image 

GTS Pro also contains a feature that enables one click trading, which some users will welcome and others may view with caution. I fall into the caution camp, I have trialled this feature and would not recommend it to anyone trading a live account one wrong click and you can lose a lot of money in a short time, even if you close out the trade before the price moves you are still out the spread. If you choose to enable this feature you are presented with a lengthy legal disclaimer as shown below:

One Click Trade Setup 

GTS Pro has several more notable features which include a Forex calculator, detailed custom reports, research tools, news tools, trading history, account rule manager, always on top ticker and more. You can click the image below to see GTS in dual screen mode highlighting these features.

GTSPlatform 

Bottom Line

Both FX AccuCharts and GTS Pro run perfectly under Windows Vista Business Edition. As a trading platform GTS Pro is excellent it contains several innovative features and has the best user interface I have seen in a trading platform and is highly usable, however I am unsure of FX Solutions clearing methods and I would not trade with any broker that was not an ECN. FX AccuCharts has a wide range of quality drawing tools which are it’s stand out features. Due to the fact charting does not include live data makes FX AccuChart of very limited practical use. GTS Professional is a good platform, however I would only recommend it for demo trading.

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