Poor user interface (UI) on cryptocurrency exchanges has long been a pain point for traders, resulting in sorely lacking experiences for beginner and experienced traders alike. Cumbersome navigation, complex order placement processes and a lack of intuitive features hinder traders from effectively executing their strategies. These issues often lead to frustration, inefficiency and missed trading opportunities.
To address these pain points, Deepcoin, a leading derivatives cryptocurrency exchange, is offering an innovative solution to crypto traders: Indicator Orders. This feature not only allows users to place orders directly on chart interfaces with precision and ease, but also provides them with exclusive support for chart trading. This way, users are empowered to execute lightning-fast market orders, set limit orders and adjust positions for stop-loss, among other benefits.
The goal is to further enhance satisfaction and versatility in the market, paving the way for truly user-friendly trading experiences.
Key features of Indicator Orders
Deepcoin leverages various indicators, such as Bollinger Bands (BOLL), Moving Average (MA), Exponential Moving Average (EMA), Relative Strength Index (RSI), Stochastic Oscillator (KDJ) and Williams Percent Range (WR), as conditions for order placement. Users can effortlessly place Indicator Orders on the order page or swiftly execute them by selecting indicator lines directly on the chart, ensuring a seamless and efficient trading experience.
The new features of Indicator Orders include the following:
- Support for chart trading, taking your trading experience to the next level
- Effortless and accessible user operations, offering users the freedom to capitalize on market trends at any time and place
- Boosted accuracy through the utilization of spread mode to capture trading opportunities
- Flexible position settings, facilitating dynamic strategies for both entering and exiting trades
- Provisions for trading in all major cryptocurrencies, with full access to all features at no cost
Using Indicator Orders
To illustrate the Indicator Orders feature, review the following example:
When the K line dips below the BOLL lower rail, it presents a golden opportunity to buy at a low price. Buying the dip and then selling as the price bounces back to the middle rail allows users to profit by “catching the falling knife.” This strategy is based on the belief that the price decline is only temporary and that the asset price will eventually recover.
For automating the “knife-catching” order process, users have the option to drag the BOLL lower rail and create a supporting BOLL line positioned 200U below. As soon as the price crosses this line, a buying order is executed. Selling conditions can be arranged in a similar manner, or users can fix the percentage for both stop gain and stop loss to participate in transaction arbitrage.
In the quest for innovative and enhanced cryptocurrency trading
Deepcoin has consistently positioned itself at the forefront of the cryptocurrency trading arena, always striving to provide its users with cutting-edge features and enhanced trading experiences. The roll out of Indicator Orders on Deepcoin shows the commitment to product innovation. Indicator Orders represent a significant milestone in this pursuit, offering a groundbreaking solution that empowers users to trade with greater precision and efficiency.With the implementation of this innovative feature, Deepcoin demonstrates its commitment to leading the charge and continuously pushing the boundaries of what is possible in the world of cryptocurrency trading platforms.
Deepcoin’s CEO Ego Huang is excited about the rollout of Indicator Orders. "We are thrilled to introduce Indicator Orders, a revolutionary feature on Deepcoin,” he says. “This groundbreaking tool empowers our users with advanced trading capabilities, enabling them to make precise and informed decisions directly on our chart interfaces. Indicator Orders will revolutionize the crypto trading experience, providing our users with the tools they need to capture trading opportunities with greater precision and achieve superior returns."
Deepcoin enables direct purchases of major cryptocurrencies and offers a range of trading options for over 100 cryptocurrencies. Its user-friendly platform includes spot trading, perpetual contracts, inverse perpetual contracts and DeFi financial management savings, backed by 24/7 multilingual customer support, empowering individuals and institutions to navigate the digital asset market with confidence and ease.