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I created an alternative trading interface for Binance, focused on scalping & day trading, can I have feedback ?

Binance

Cryptocoins Exchanges / Binance 186 Views

Hello Reddit & Binance users !

I created an alternative trading interface for Binance (only USD futures for now) !

During my trading sessions I was not happy with the Binance interface for few reasons :

- the chart is updated at a frequency which is roughly 2/3 times per second. I needed true real time data to match my aggressive trading style (scalping / day trading).

- the text inputs for entering price and position size were often leading me to mistakes and late execution. I had to calculate the price of the stop and the position size to match my risk strategy every time I entered a new trade. I often missed great opportunities because the perfect entry price was gone during the process.

- emotions could sometimes lead me to intentionally enter bigger leverage, especially after a losing streak. I had to find a way to prevent this and have a systematic risk setting I can stick with.

- the one symbol per one page presentation was not ideal because there are more than 100 coins and tons of opportunities I had to track simultaneously. I needed as many symbols I was able to trade on a single page I could organize myself.

- finally, I'm using mostly the chart to trade. So my wish was to have everything plotted on the chart instead of relying on multiples pieces of information (tables, external links, etc.). I wanted to see my entry, my stop, and my net PNL in a single place so I could get more focused on the price action and the timing & execution of my trade.

So instead of waiting someone to build it, I learned to code (I'm not in software development at all) and did it myself.

I solved all these problems with :

- a true real time chart refresh rate, so I'm able to catch the best entry and close prices, before others traders even see them.

- a risk module that calculates the perfect position size / stop placement on each symbol with 4 simple parameters, it ensures me to lose always the same percentage of my capital on a losing trade.

- an execution engine that can launch multiple orders (limit/stop or market/stop) with a single hotkey. I can select my entry price by directly clicking on the chart and when I'm ready, hit my hotkey and I'm in with the stop !

- a big grid that contains as many symbols as I want on a single page. I can configure the layout of each symbol as my wish.

- a chart with everything plotted: entry/stop/liquidation/size etc... and a PNL/UPNL calculation with fees, so I will not miss a scalp trade because I miscalculated the fees.

I also added a very important feature to my eyes : a dashboard to see all my past trades and track my PNL over time. I can filter, plot my past trades with entry and exit, see my winrate, ratio, streaks etc.

By the way you can use this feature alone if you don't need the trading part of the app and just want a nice dashboard to analyse all your past trades (but it doesn't work if you suffered a liquidation on the account ! i'm trying to fix this bug rn).

If it sounds interesting to you, could you please give it a try and send me feedbacks (here or on the discord) ? Of course use a minimal trading amount as the interface could have some bugs, it's the first build.

So far, I'm doing very great with it so I'm curious if it could work for others. Please read the docs before, there is a quick start guide. I changed a lot of things compared to a traditional trading interface, so you'll have to learn the logic to trade on it !

link to the app : https://www.tradingreact.com/ (not yet for mobile users!)

link to the general docs : https://trading-react-doc.netlify.app/docs/introduction/ (This doc is far from ideal... I'm trying to improve it as things progress)

ps: I put a lot of time and effort in this app and it's 100% free, so please be kind, if it's bad tell it but try to be constructive so I can improve :)

submitted by /u/Kinuls9
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