A trading platform for buying and selling digital currencies on 4 of the major digital currency exchanges
Complete Trading Control - Our advanced order types let you protect against losses, buy when the price passes a threshold or place hidden orders, triggered only when you want them to.
Real-time Charts - Visualization tools enable you to see trends and think ahead. Candlestick bar charts show price movements across medium to long spans of time. Tick charts display short term market activity.
Information Advantage - Access all the major digital currency markets in one place to consolidate your views on the market.
The installer on the desktop is on the official site http://btxtrader.info (on the main page there will be a button "Start Download Now")
Advantage
Many exchanges support simple order types commonly refered to as limit orders. As digital currencies can be volatile, risk management becomes paramount. BTX Trader strives to help users manage their risk by offering advanced order types.
Standard Order Types
Limit Order
Objective: Buy or sell at your entered price or better.
Example: A buy order for 0.5 bitcoin is entered with a limit price of $350. The order will go directly to the exchange's order book and will be filled based on market conditions and price movements.
Advanced Order Types
Market Order
Objective: Buy or sell immediately at the best available current price.
Example: A market sell order is sent for 2 bitcoin to an exchange. The market is $350 on the bid and $355 on the ask, the market order is filled with an average price of $345, lower than the best bid, becauase there wasn't enough bitcoin at $350 to filled the order at that price.
Hidden
Objective: You want to send a large order but don't want it to affect or be seen by other traders in the market.
Example: You place a hidden buy order with a price of $400, when the last price hits $400, a limit order with a price of $400 is sent to the exchange by the BTX trade engine.
Stop Market
Objective: This order can be used in two different situations
Sell-stop orders protect long positions by triggering a market sell order if the price falls below a certain level.
Buy-stop orders allow users to enter into positions by triggering a market buy order if the price rises above a certain level.
Example: You place a sell stop market order with a price of $300. When the last price at the exchange reaches $300, a market order is sent to the exchange by the BTX trade engine.
Complete Trading Control - Our advanced order types let you protect against losses, buy when the price passes a threshold or place hidden orders, triggered only when you want them to.
Real-time Charts - Visualization tools enable you to see trends and think ahead. Candlestick bar charts show price movements across medium to long spans of time. Tick charts display short term market activity.
Information Advantage - Access all the major digital currency markets in one place to consolidate your views on the market.
The installer on the desktop is on the official site http://btxtrader.info (on the main page there will be a button "Start Download Now")
Advantage
Many exchanges support simple order types commonly refered to as limit orders. As digital currencies can be volatile, risk management becomes paramount. BTX Trader strives to help users manage their risk by offering advanced order types.
Standard Order Types
Limit Order
Objective: Buy or sell at your entered price or better.
Example: A buy order for 0.5 bitcoin is entered with a limit price of $350. The order will go directly to the exchange's order book and will be filled based on market conditions and price movements.
Advanced Order Types
Market Order
Objective: Buy or sell immediately at the best available current price.
Example: A market sell order is sent for 2 bitcoin to an exchange. The market is $350 on the bid and $355 on the ask, the market order is filled with an average price of $345, lower than the best bid, becauase there wasn't enough bitcoin at $350 to filled the order at that price.
Hidden
Objective: You want to send a large order but don't want it to affect or be seen by other traders in the market.
Example: You place a hidden buy order with a price of $400, when the last price hits $400, a limit order with a price of $400 is sent to the exchange by the BTX trade engine.
Stop Market
Objective: This order can be used in two different situations
Sell-stop orders protect long positions by triggering a market sell order if the price falls below a certain level.
Buy-stop orders allow users to enter into positions by triggering a market buy order if the price rises above a certain level.
Example: You place a sell stop market order with a price of $300. When the last price at the exchange reaches $300, a market order is sent to the exchange by the BTX trade engine.
I don't exactly get the idea of this applications in trading though I know how to read the chart anyway, buy only a little bit. Is it a kind of bot or what? btxtrader.com is the name of the exchange? because so far bittrex is the one i used.
