High-frequency quasi-periodic oscillations (HF QPOs) appear in the X-ray variability of several accreting low-mass binaries. In a series of works, it was suggested that these QPOs may have connection to inhomogeneities orbiting close to an inner edge ofthe accretion disc. In this paper, we explore the appearance of an observable signal generated by small radiating circular hotspots moving along quasi-elliptic trajectories close to the innermost stable circular orbit in the Schwarzschild space?time. Ourconsideration takes into account the capabilities of observatories that have been operating in the past two decades represented by the Rossi X-ray Timing Explorer (RXTE) and the proposed future instruments represented by the Large Observatory for X-rayTiming (LOFT). For these purposes, we choose such model parameters that lead to light curves comparable to those observed in Galactic black hole sources, in particular the microquasar GRS 1915+105. We find that when a weak signal correspo