BingX Launched Signal Trading

Published on: 22.12.2022
BingX Launched Signal Trading

BingX, one of the leading crypto exchanges, has launched Signal Trading, another advanced futures trading tool.

BingX has launched Signal Trading, bringing the company one step closer to its goal of creating an open, dependable, and innovative crypto ecosystem.

Introduction

Signal trading is a sophisticated feature that executes complex perpetual futures trading strategies automatically based on triggering signals received from external platforms such as TradingView. It supports all trading pairs in BingX Perpetual Futures and does not require any API docking. Traders only need to update specific trading instructions on external platforms like TradingView after creating them on BingX.

Then, a free TradingView Bot will be created to synchronize real-time signals, triggering automatic execution of pre-programmed trading instructions at the appropriate times. This is how signal trading enables traders to implement customized and adaptable trading strategies.

Signal trading is free and available to all BingX users an unlimited number of times. It is better suited to experienced quantitative traders. BingX addressed execution-side issues through technical innovation, allowing users to conduct quantitative transactions more easily and intelligently.

BingX Latest Update

BingX’s latest update included other breakthroughs in addition to signal trading. BingX futures grid now supports long, short, and neutral positions for bullish, bearish, and fluctuating markets, respectively. It enables traders to use up to 20x leverage to maximize profits regardless of price fluctuations in global crypto markets. Meanwhile, the recently introduced Trailing Stop/Profit feature gives traders a worry-free trading experience. When the price moves up or down, it drags the trailing stop/profit with it, saving the trouble of frequently adjusting the price to market conditions for more profits.

Meanwhile, BingX will collaborate with the MetaTrader 5 trading platform in late December to provide more opportunities and better services to global traders. MetaTrader 5, abbreviated MT5, is a web-based trading platform that offers advanced analysis tools for quantitative trading. The partnership with BingX provides MT5 with cutting-edge crypto innovation in perpetual futures. Orders place on MT5 will update in the order book of BingX. Through the updated connection between BingX and MT5, users can expect a safe and stable trading experience on cryptocurrencies such as BTC and ETH, as well as more advanced analysis tools and customized functions.

“BingX’s vision is to become the gateway for the next billion crypto users. And we are earnestly practising what we promise”, said Elvisco Carrington, PR and Communications Director at BingX. “BingX sees the big picture and is committed to helping both professional and new traders through continuous technical innovations. Earlier this year we have invented a lot of user-friendly products, such as Copy Trading Subsidy Vouchers and Spot Grid Copy Trading Service, aiming to protect and fuel inexperienced traders. This time we focus on the other side. We keep simplifying the trading process so that our users can employ new trading tactics to maximise their gains. BingX can’t wait to launch more features and products with MT5 that will both benefit our clients and elevate the trading experience in the upcoming year.”

About BingX

BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way.

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SOURCE

https://www.prnewswire.com/news-releases/bingx-launches-signal-trading-and-stays-ahead-in-crypto-innovation-301707143.html

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