DUBAI, United Arab Emirates, June 02, 2023 (GLOBE NEWSWIRE) -- OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of June 2, 2023.
OKX Enhances its Futures Dollar-Cost Averaging Trading Bot to Further Enrich Users' Trading Experience
OKX has announced the enhancement of its Futures DCA (Dollar-Cost Averaging) trading bot, in order to further enrich the trading experience of OKX users. The new upgrades provide users with greater control over risk management, allowing for more efficient allocation of capital to align with individual trading strategies.
The upgrades include:
- Margin Adjustment (Add/Reduce): Users can now dynamically adjust their margin.
- Take Profit (TP) Price Adjustment: Users can now manually adjust their take profit price.
- Stop Conditions - End-Round Stop and Price Trigger: Users can utilize new stop conditions by setting end-of-cycle stops or defining specific price levels at which the bot will stop trading.
- Start Condition - RSI Trigger: The bot now incorporates the Relative Strength Index (RSI) as a start condition, which users can leverage to optimize entry points.
- Manual Safety Orders: Users can manually add extra safety orders during an ongoing trading cycle, empowering them to adapt their strategy in response to market volatility and improve average position costs.
OKX aims to offer users greater flexibility in their futures trading strategies, as well as powerful tools to help them capitalize on market movements. These enhancements reflect that goal.
OKX's Futures DCA is a trading bot that utilizes the Martingale strategy in futures trading, which enables traders to automate their trades based on Martingale principles. This means that users can invest in futures with a disciplined approach, regardless of market volatility and without needing to constantly monitor the market. To learn more, click here.
For more information, please visit the Support Center.
For further information, please contact:
Media@okx.com
About OKX
OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
Beyond OKX’s exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.
