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Evan
By Evan
• 5 articles

Common Trading Concepts

Exchanges, Trading Accounts and Trading Markets Exchanges You need to connect to the exchange's API key when using HXR Trade.Each API key we connect corresponds to an [Exchange] account. When connecting, a note will be added to each API key, a note will be added to each API key, and the note will be used instead of the exchange account in subsequent transactions for the convenience of distinguishing. Trading Accounts Each exchange usually has multiple accounts, because exchanges currently provide a variety of services, such as spot trading,margin trading, future trading, and financial management.Exchanges need to divide different accounts to serve different businesses, and each account will have assets. To calculate the total assets of an exchange, the assets in all accounts need to be added up. In HXR Trade, we call the different accounts divided by the exchange as [trading accounts]. Trading Markets Each trading account usually corresponds to one or more [trading markets]. The trading market here is what we usually call the spot market, the margin market and the future market. supported HXR Trade is currently in a very early stage. After connecting to the exchange, you may find that the assets counted are less than what the exchange actually owns, which is normal. Take Binance as an example: the assets counted by HXR Trade only include U-based account assets. Assets such as spot accounts, margin accounts, and currency-margined accounts are not counted HXR Trade will gradually support more exchanges, trading accounts and trading markets. The following are the exchanges, trading accounts and trading markets currently supported by HXR Trade. Base coin、 Quote coin 、Settle coin 1. Base coin：Usually in digital coin, BTC and ETH are common base coin. The price change of the trading base coin will generate profit and loss 2. Quote coin：Mainly in USD and USDT. Used to price the base coin 3. Settle coin：That is, the margin coin, which is used for the profit and loss settlement of the trading. For future trading market only Trading Pair Naming Trading pair naming is a combination of base coin, quote coin, settlement coin and connectors. The trading pair naming mainly includes three categories: - Spot market and margin market：base coin+「/」+ quote coin，such as  BTC/USD - Perpetual future market：base coin +「-」+「 PERP」+ 「/」+settlement coin，such as BTC-PERP/USD - Delivery future market：base coin +「-」+「delivery date」+ 「/」+settlement coin，如 BTC-0625/BTC After the specification is formed, we can intuitively judge which trading market the trading pair belongs to based on the trading pair name. Long And Short - When going long, buy the base coin, you will make a profit when the price rises, and you will lose when the price falls - When going short, sell the base coin, you will make a profit when the price falls, and you will lose when the price rises You can directly go short in margin market and future market. But if you want to go short in the spot market, you need to own the asset you want to trade first (for example, if you want to short the BTC/USDT trading pair in the spot market, you need to own BTC first). Profit by selling at a high price first and then buying back at a low price. Earn Quote Coin and Earn  Base Coin Commonly known as "earn U or earn coins": - earn quote coin（earn  U）：Equal volume of long and short trades - earn base coin（earn coins）：Equal amount of long and short trades Taking the spot market BTC/USDT trading pair as an example, when we trade: - earn USDT：Buy 1 BTC at $10,000. Sell 1 BTC at $12,000. At this point we make a profit of $2,000 - earn BTC：Buy $10,000 BTC at $10,000, you got 10,000/10,000 = 1 BTC. Sell $10,000 worth of BTC at $12,000, selling 10,000/12,000=0.83 BTC. At this point we are profitable 1-0.83 = 0.17 BTC Tips for getting rich: Bull market earns U, bear market earns coins Common Trading Price | English | abbreviation | explanation | | --- | --- | --- | | Average opening price | Avg. open | Average price of the position | | Breakeven price | Breakeven | When the market price reaches this price, the profit and loss of the position is 0 | | Take profit price | TP | When the market price reaches this price, the position will be closed by take profit | | Stop loss price | SL | When the market price reaches this price, the position will be closed by stop loss | | Average open price | Avg. open | Average open price of total position | | Liquidation price | LP | When the market price reaches this price, the position will be liquidate | | Best ask | Best ask | The lowest sell price | | Best bid | Best bid | The highest bid price | | Last | Last | The latest trading price in the market | | Queue price | Queue | Buy at best bid or sell at best ask | | Opposite price | Opposite | Sell at best bid or buy at best ask |

Last updated on Aug 16, 2024

Paper Trading

What is Paper Trading - Paper trading allows you to trade in the real market with crypto assets in a paper account, so you can experience platform features without taking any risk. - When you log in to HXR  for the first time, the platform automatically open the paper trading and assigned paper funds for each exchange. You can use this to quickly familiarize yourself with our products and train your trading strategies Paper Trading account - The paper trading function provided by HXR Trade is very complete and has almost the same trading experience as real trading - We have created separate paper trading accounts for all supported exchanges, and you can use a paper account that you are familiar with to explore our products, whether it's tracking the profit and loss of assets on a demo account, manually trading with Expert Advisors, or using trading bots are completely unrestricted. Paper funds reset - Do you want to clear the funds of the current trading account and start over? Click the [Reset] button in [Settings] - [Paper Trading] to restore the funds of the account to the initial state. After the reset, the corresponding transaction records will be lost, and you will have a brand new paper trading account. In addition, each paper account is independent of each other, and resetting the paper account of one exchange will not affect the paper accounts of other exchanges. - Before resetting, please make sure that there are no trading bots and active transactions associated with the current paper trading account. If there are, please cancel or delete them, otherwise the reset cannot be done. Open and close Paper Trading If you do not need to use paper trading, you can turn it off in the settings, as shown in the following figure in [Settings] - [Paper Trading]: - Turn on the switch to start paper trading. The assets and transaction data of paper trading and real trading are isolated from each other. You can quickly switch on the top menu bar. - You can close the paper trading by closing the switch. It should be noted that the closing here is not a real closing, it is just a hidden display on the page, and the corresponding asset tracking and trading are still running, you can open it at any time to view Settings-Paper Trading-On, support [Real] and [Paper] switching Settings-Paper Trading-Off, real and paper swhich entry disappears

Last updated on Aug 16, 2024

Portfolio tracking

When users log in to HXR Trade for the first time, a paper trading account will be automatically created for each supported exchange and the paper funds will be allocated, and the asset tracking will start to track the asset changes of the paper account. Real asset tracking needs to be connect with the API key of the exchange. You can securely connect multiple exchange accounts to HXR, and centrally track and manage funds scattered across various exchanges in one portfolio. Portfolio tracking includes five parts:  total value、profit、exchange asset distribution、coin distribution and transfer record. It should be noted that the statistics of portfolio tracking are not real-time data and are updated every 10 minutes. The earliest statistic time of the day is UTC 0:05 My portfolio It shows the total value and total profit of all your current assets, which can directly reflect whether your current investment portfolio is profitable or losing.field description： - Total value ：Count the USD value of all assets in the connected exchange - Today's profit ：Today's Profit = current value - today's initial value + today's transfer out - today's transfer in - Today's ROE% ：Today's ROE%=today's profit / (today's initial value + today's transfer in) * 100% - Total profit ：The total profit of the selected date range, total profit = current value - initial value + cumulative transfer out- cumulative transfer in, the default statistics for the last 30 days, you can switch on the top of the chart - Total ROE% ：Total ROE% for the selected date range, total ROE% = total profit / (initial value + cumulative transfer in) * 100% - Est. APY ：Est. APY = [ ( 1 + Total ROE%) ^ (365 / count days) -1 ] * 100%                                       Portfolio tracking- My protfolio My Profit Profit and loss analysis is performed based on daily changes of total value and transfers of assets. Daily and monthly profit and loss are clearly understood. Field description: - Yesterday : of course, this is yesterday's profit - Stats days : The number of days since connecting the first exchange account to HXR. In【Paper】trading mode, this is the number of days since you registered - Total profit : Total profit since connecting the first exchange account to HXR. In【Paper】trading mode, this is the total profit of the paper account since you registered - Total ROE% : Total ROE% since connecting the first exchange account to HXR. In【Paper】trading mode, this is the total ROE% of the paper account since you registered       Portfolio tracking- My profit Balance Here you can clearly know the asset balance and share of each exchange. Of course, you can also switch in the upper right corner to view the distribution of trading account assets Portfolio tracking-Balance-Exch Portfolio tracking-Balance-Acco Coin If your assets are distributed in different exchanges and trading accounts, you can see the total amount and share of each asset here, helping you track your holdings, track daily price changes, volume changes, and display asset shares to Help you manage your crypto assets. It should be noted that: 1. 【Amount chg.】and【Price chg%】should be calculated from UTC 0:00 not 24 hours 2. It is normal that the list does not change when switching between exchanges and trading accounts in the upper right corner. The switch here will not affect the change of the total amount of assets. This is to facilitate you to filter and view the assets of a certain exchange or a certain trading account 3. The number of assets counted here may be less than the assets you actually own on the exchange, because considering the actual situation, some exchange accounts are not counted, you can confirm by screening the trading accounts Portfolio tracking- Coin- Exch Portfolio tracking- Coin- Acco Transfer View transfer records of all exchange currencies in one place, convenient and fast. Click the filter button in the upper right corner, and you can also specify to view the transfer records of an exchange or trading account Portfolio tracking- Transfer

Last updated on Aug 16, 2024

Technical index rating

In financial market trading, the key to profitability depends on when to enter and exit, when to trade and when to wait? If you are confused about these questions, technical analysis may help you Technical analysis Technical analysis refers to judging the direction of the market based on charts and indicators. The theoretical techniques of technical analysis are based on three major assumptions: 1. Market behavior includes everything 2. Price evolves in a trending manner 3. History will repeat Only when you agree with the above three assumptions, it makes sense to trade with reference to technical indicator ratings, otherwise the following can be ignored The essence of technical indicators is to mathematically transform the price of a financial produc to predict its future price changes. It provides trading opportunities for identifying various features and patterns that are difficult to detect with naked eye in dynamic prices. According to the functional characteristics, technical indicators include two types: 1. Volatility indicators: Volatility indicators help to identify market reversal points in advance or at the same time 2. Trend Indicators: Trend indicators help identify price direction, follow the trend or spot trend reversal moments with a slight delay Built-in technical indicator rating In order to lower the threshold of learning and use and help traders to quickly get started with technical analysis, the HXR Trade platform has built-in a series of common technical indicators, including three categories: - Volatility indicators:Relative Strength Index (RSI) and Bollinger Bands (BB) - Trend Indicators: Simple Moving Average (SMA), Exponential Moving Average (EMA) and Moving Average Convergence Divergence (MACD) - Comprehensive indicators：TradingView At the same time, it provides 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, 1 day, 1 week, 1 month for each group of indicators, a total of 10 cycle levels of technical ratings.You can choose an indicator rating according to your own trading style. you can use the cycle rating of an indicator alone or use a free combination of different cycles of different indicators as a reference for trade decisions. Next, we will introduce the built-in technical indicator rating of the HXR Trade platform. Relative Strength Index (RSI) RSI is a widely recognized volatility indicators，compare candlestick closing prices with previous price to determine if prices are overbought and oversold.The HXR Trade platform is built with trade ratings with sample lengths of 7 and 14 lines. - Buy: The indicator value is less than 30 and the price is rising - Sell: The indicator value is above 70 and the price is falling - Neutral: neither buy nor sell You can refer to more information about RSI here Relative Strength Index Bollinger Bands (BB) (BB) is a widely popular technical analysis indicator. Bollinger Bands consist of three lines, the middle line is usually a simple moving average (SMA) set with a cycle of 20 candles, and the upper and lower lines are set at two standard deviations from the middle line. The HXR Trade platform has built-in trade ratings with a sampling length of 20 and a standard deviation of 2: - Buy: Close below the lower Bollinger Band - Sell: Close above the upper Bollinger Band - Neutral: neither buy nor sell You can refer to more information about BB here Bollinger Bands Moving Average (SMA) and Exponential Moving Average (EMA) The moving average uses statistical analysis to average the prices in a certain period of time, and connects the average values of different times to form an average line, which is a technical indicator for the trend of price changes.Exponential Moving Averages (EMAs) give more weight to recent prices and react faster to prices thanSMAs. The HXR Trade platform has built-in trade ratings with a sampling length of 5-200 for Simple Moving Average (SMA) and Exponential Moving Average (EMA): - Buy: close below the moving average - Sell: Close above the moving average - Neutral: neither buy nor sell You can refer to more information about moving averages here Simple Moving Average (SMA)Exponential Moving Average (EMA) Moving Average Convergence Divergence (MACD) Moving Average Convergence Divergence (MACD) is a very popular technical analysis indicator that uses two moving averages of different periods to determine trend direction and duration.The HXR Trade platform has built-in trade ratings with a fast moving average period of 12, a slow moving average period of 16, and a signal line smoothing period of 9: - Buy: When the MACD line crosses the signal smoothing line from below the 0 axis - Sell: When the MACD line crosses the signal smoothing line from above the 0 axis - Neutral: neither buy nor sell You can refer to more information about MACD here Moving Average Convergence Divergence Tradingview Rating The TV indicator is a composite indicator that uses multiple underlying indicators to calculate the rating criteria. Unlike the other base indicators, which only have 3 ratings, the TV indicator has 5 ratings: - strong buy - buy - neutral - sell - trong sell You can refer to more information about Tradingview Rating here Tradingview Rating Disclaimer The technical indicator ratings provided by the HXR Trade platform are derived from mathematical transformations and are completely open and transparent. The trading ratings are for reference only and should not be regarded as investment advice given by the HXR trade platform. Any action you take in accordance with the advice of Tech Ratings is at your own risk

Last updated on Aug 16, 2024