newexchange

It’s no secret that crypto-exchanges lack in functionality. No Technical Analysis instruments, not even stop-loss and take-profit levels. Luckily for us, the crypto game is finally welcoming the professionals and they, naturally, bring their professional trading software. And this is what we are going to talk about further on

I guess we have to start this review with the most important thing, which is: orders. newexchange allows you to set take-profits and stop-losses for every order, which lowers the risks and increases the chances to earn. What is more, newexchange allows you to set stop-losses and take-profits even for limit orders (i.e. pending orders).

The newexchange has Trailing Stops! If you are new to it, then it’s a shame, go and try it at once, and Trailing Stop will certainly hit the Top-3 of your favourite instruments. This “Floating Stop-Loss” is dragged higher along with the price, for the number of points you set manually. So if the market turns its back on you, your deal at least closes with no losses, and if not — you can enjoy the maximum profits from your deal.

Interface and usability

All of those tabs and buttons and windows — it seems impossible to make sense of it from the first glance. But if you look a bit closer — newexchange interface has nothing odd in it. Hide the unused buttons and tabs, change their size and location, set stops. All in all, it’s easy to get used to it.

We’re used to having only two buttons (Buy/Sell) and a very simple, not to say primitive, interface. I think it’s good — why bothering, after all? On the other hand, simplified interface means simplified functions. And this is certainly a disadvantage for a trader.

Analytics

Apart from standard history of your deals (which, I have to give this credit, all the crypto-exchanges have), you can find a lot of useful, even indispensable features in your settings. For instance, you can put every order (past or present) on a graph and see the entry and close points (and see why you lost the money), use the strategy tester to forecast future deals and even optimize your strategy automatically. And, of course, every user has access to all of the trading statistics — gains and losses for every position and for the whole account.

Automated trading

newexchange is completely different — you can choose standard functions for automated trading, over 2000 customized scripts called “experts”. Any robot, any bot or “expert” can be tested first (I’ve mentioned it before), and then you can let it go real.