Topic: Anyone familiar with BTX Trader? (Read 3586 times)

Yes i eventually figured it out, thanks

Hi Mazeinc,

If i am understanding your question correctly, assuming the current market price is say $600: you can place a sell stop limit order with a stop limit of $550 and a limit price of $575. In this example, if the last price on the exchange touches or goes below $550, BTX Trader's servers will send a sell order to the exchange with a limit price of $575. If the price rises back to $575 then your order will get executed/filled. If the price stays below $575, then the limit order will sit resting on the order book.
Hope that helps clarify how our advanced order types work.

Ilya

Is it possible to set The stop limit value lower than limit price in sell orders so market orders can hit the stop limit to get order triggered at highest possible price even if not reached limit price ?

BTX requires .NET 4 but it needs to be up to date.

tnx i'll try it. what version do I need to have?

joesmoe2012, to send a stop loss order, first change the Destination to "ALGO". You should then see another dropdown for Route to send the order to a particular exchange if your stop price is reached.

bit-fxtrader, Can you update your version of .NET via this link? http://support.microsoft.com/kb/2468871

Best,

Ilya

Crashes on startup. Using win 7 32bit. Anyone else?

Is the stop loss function of BTX Trader functioning right now? I don't' have it as an option...

More information on BTX Trader Security

All server to client communications use SSL.
API keys are encrypted with AES and only retrieved when the user logs in.
Password is hashed using bcrypt (not saved in plain text anywhere).
User data is stored on Google App Engine.
The trading engines run on Amazon EC2.
All user data is backed up weekly.

In addition, we are currently designing a bug bounty program and incorporating support for two factor authentication.

Ilya

Yup! we'll be releasing a web version in early 2014. Mobile as well.

Mac version please

Hi All, We will release more information on our security plan in the coming weeks.
Let me know if you have any questions about our current product offering. I would love to hear any feedback on how we can improve it.

Best,

Ilya

Their stock is up over 100% today today from that press release but I don't get how it sounds like BTCX Trader has been around for awhile.

I am curious to try it but am nervous about the API key thing as well.  I know some different trading platforms use it but would just like to hear more about that.

It seems legit. The parent company officially announced it yesterday.

Here's the articles I posted in the Press section:

https://bitcointalksearch.org/topic/2013-12-27-wpcs-shares-surge-on-bitcoin-trading-platform-release-387004

should i trust someone with 9 post...

   Domain Name: btxtrader.com
   Registrant Contact:
      Private Registrant         [email protected]
      A Happy DreamHost Customer
      417 Associated Rd #324
      Brea, CA 92821
      US
      +1.7147064182

any info into what kind of measures are you taking to prevent hacking of the accounts info?

Hi Michael, yes! However, what I think you're looking for is actually called a "Stop Limit" order. A buy limit order for 1 btc at 1000 USD would send an order that to buy at 1000 or lower- so with today's prices (sub 1000) this would essentially be a market order (aka your execution price will be whatever the best offer(s) to sell 1 BTC are on the exchange's order book).

Using BTX Trader, you can send straight limit orders to exchanges just like you would at each of the exchanges' websites, but in addition to that you can send Stop Limit orders. Once we see that your Stop price has been hit (we look at last trade at each exchange, not bid or ask), your limit order gets sent to the market.

To place such an order:
1. Open a Montage window in BTX Trader
2. choose an exchange at the top of the montage window, this will pull in that exchange's order book and set the destination for the order.
3. change the destination to "ALGO" - some more fields will appear on the order bar
4. Select your route (options are: MT Gox, BTCChina, BitStamp, CampBX and BTC-E)
5. Choose your stop price (1000 USD)
6. Choose your quantity (1 BTC)
7. Choose your limit price. This is were it may get tricky. Depending on market conditions, if your stop is 1000 and your limit is 1000 then your Buy order will get sent to the order book at 1000 after the price reaches 1000. This might mean that if the market continues to move upwards, your order might not get filled or might only get partially filled. If you would like to be more aggressive, you can enter a higher limit price. Or if you feel that the market may dip after touching 1000, then you can enter a limit price lower than 1000.
8. Hit the blue Buy button to send the order

Our order engine monitors the market data we receive from exchanges in real time to determine the marketability of the order. If the stop price has not been reached, the order sits in the Blotter window as status = "OPEN". Once the stop price is reached, the status changes to "TRIGGERED" and your limit order is sent to the exchange.

Do you allow limit buy orders ( for example buy 1BTC if the price gets to 1000 ) ?

I've been playing with it for a few days.... very nice so far. 

We currently do not have plans to charge end users and are focused on improving the platform.

Although it is a downloadable app, a lot of the features run on the cloud.

For example, stop orders stay active even after you log off. Another example would be the multi exchange historical data used in the charts (tick and bar) -- this lives in the cloud and gets pulled into the app.

Wait this runs in the cloud somehow or it runs on my PC? I thought it was a downloadable application.

Hey, I appreciate your getting back with me. A few people have told me about this now. Are you going to charge for it when it's out of beta?

Hi pr9me,

All user information is encrypted and stored on Google's servers via App Engine. We store users' API keys so that we can manage stop loss orders on their behalf. When creating API keys for BTX Trader, you can disable the withdraw ability and revoke the keys at any time. Yes, it is currently a free service and we are still in Beta.

We are a NYC based start-up and are passionate about bitcoin, financial markets and technology.

Thank you for checking out the product, we'd love to hear your feedback. Feel free to reach out to me directly via email: ilya at btxtrader.com

Ilya

Hey guys, I am looking at the BTX Trader application. How secure is this? Can anyone that uses it, tell me what information you have to give the application? Anything that could compromise your Bitcoin? The app is free which makes me suspicious. Looks like something I could use though.

Can anyone give me a heads up on it?