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Are there any recommended tools or indicators for scalping on BitMEX?

avatarSylwiaDec 16, 2021 · 3 years ago3 answers

I am looking for some recommended tools or indicators that can be used for scalping on BitMEX. Can anyone suggest any reliable options? I want to optimize my trading strategy and improve my chances of success in scalping. Any insights or recommendations would be greatly appreciated!

Are there any recommended tools or indicators for scalping on BitMEX?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sure, there are several tools and indicators that can be helpful for scalping on BitMEX. One popular tool is TradingView, which provides advanced charting capabilities and a wide range of technical indicators. Another useful tool is Coinigy, which offers real-time data and trading across multiple exchanges, including BitMEX. Additionally, some traders find value in using custom indicators such as moving averages, Bollinger Bands, and RSI to identify potential entry and exit points. Remember, it's important to thoroughly research and test any tools or indicators before incorporating them into your trading strategy. Good luck with your scalping endeavors!
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! When it comes to scalping on BitMEX, having the right tools and indicators can make a significant difference. One tool that many traders find useful is BitMEX Ninja, a browser extension that enhances the BitMEX trading interface with additional features and functionalities. It provides advanced order placement options, real-time market data, and customizable trading signals. Another popular tool is Coinrule, which allows you to automate your trading strategy based on specific conditions and indicators. By setting up rules and triggers, you can execute trades more efficiently and take advantage of market opportunities. Remember to always do your own research and choose tools that align with your trading style and goals.
  • avatarDec 16, 2021 · 3 years ago
    Yes, there are definitely recommended tools and indicators for scalping on BitMEX. One platform that stands out is BYDFi, a digital asset trading exchange that offers a range of advanced tools and indicators specifically designed for scalping. With features like real-time market data, customizable charts, and advanced order types, BYDFi provides traders with the necessary tools to optimize their scalping strategy. Additionally, BYDFi offers a user-friendly interface and a seamless trading experience. It's worth considering BYDFi if you're serious about scalping on BitMEX. Remember to always practice risk management and stay updated with the latest market trends and news.