Interactive upgrade! OKX launches K-line trading assistant, improving both user trading efficiency and experience

Users’ fingertips roam on the mobile screen, and the demands for trading tools are also ever-changing.

For example, personalized tools tailored to individual needs, AI and big data-based automation tools, low-threshold tools for real-time trading, and security tools with transparency, etc. In the digital age, the evolution of trading tools is profoundly affecting the pattern and future of the cryptocurrency industry.

How to create a sleek, beautiful, secure and easy-to-use product, while continuously meeting the diverse needs and smooth experience of user transactions, has become an important direction for product innovation for the leading Web3 technology company OKX**.** A smooth user experience depends on OKX’s deep understanding of user needs and meticulous attention to product details. From CEX to Wallet, OKX pays attention to every user feedback and values every user experience. By listening to user feedback, continuously improving product experience, and promoting continuous innovation of products, we hope to create excellent products and experiences for users.

Recently, OKX has upgraded its K-line functionality and officially launched the ‘K-line Trading Assistant,’ which supports users in conducting accurate analysis through K-line drawing tools and data indicators. It also assists users in managing orders, positions, and other convenient operations, thereby optimizing trading efficiency and strategies. As an important and practical trading tool, OKX’s ‘K-line Trading Assistant’ will help users deal with market fluctuations more calmly.

OKX is one of the first exchanges in the industry to provide smooth K-line trading assistance on the APP side. This article will delve into the core highlights, usage strategies, usage scenarios, behind-the-scenes technology, etc. of OKX’s ‘K-line trading assistant’, helping users to quickly understand and use this tool.

Common Scenarios&Tool Highlights

Alice is a short-term trader, and on a volatile trading day, she found a good buying and selling opportunity. However, due to a delay when switching between the K-line chart and the trading page, she missed an important buying point, resulting in a 10% potential loss in the trade.

Bob is a novice trader who calculated the stop-loss position based on the K-line chart, but when switching to the trading page to set the stop-loss order, the operation was interrupted due to the page switch not being smooth, which resulted in him failing to set the stop-loss in time and suffering significant losses when the market reversed.

Charlie is a contract trader who needs to frequently check the K-line chart and place orders when conducting intraday trading. The long-term high-pressure environment caused him to make a mistake in a critical operation, and the sell order became a buy order, resulting in avoidable losses.

David is an ordinary trader. After observing the K-line chart, he believed that the market was about to reverse. So he switched to the trading page to prepare to close the position. However, during the switching process, the K-line chart did not update in time. He made a decision based on outdated information, resulting in losses.

Alice’s short-term trading mistakes, Bob’s stop-loss setting failure, Charlie’s critical operation mistakes, and David’s wrong decisions… These cases reflect that in the 24/7 continuous trading cryptocurrency market, the candlestick chart can provide a clear market price trend, becoming an important reference indicator for many users when trading. However, due to issues such as switching between the candlestick chart and the trading page, users who heavily rely on candlesticks and technical indicators need a more optimized trading experience.

OKX through the ‘K-line Trading Assistant’ function, directly embeds the trading decision-making process seamlessly into the operation interface of the K-line chart, allowing users to trade in real-time while browsing the K-line chart, directly clicking on key positions on the K-line chart to set orders and manage positions, and so on, without the need to constantly switch between the K-line chart and the order placement interface, further simplifying the operation process, improving trading efficiency and experience, helping users to respond to market changes more quickly.

For example, users can directly modify trading orders based on the K-line chart using the OKX ‘K-line trading assistant’. **In addition, the OKX ‘K-line trading assistant’ now exclusively supports closing positions and opening positions in the opposite direction on the holding position line, zooming the Y-axis view, and other operations, allowing for rapid adjustment of order positions based on market trends. The interface is simple and the operation is smooth, providing users with a better and smoother trading experience.

Tool Analysis & User Guide

After placing an order, users can click the button in the upper right corner to switch to the K-line interface, and then they can perform various types of order operations on the K-line chart.

Specifically, the OKX ‘K-line trading assistant’ mainly includes two core functions: K-line analysis and K-line trading.

(1) K-line trading

First, Order Line

Support modifying order price or quantity. Users can modify order price or quantity by dragging the order line to the desired price level through the OKX K-line chart interface. Specifically, after dragging the order line, the system will automatically pop up a “Modify Order” dialog box, and users can change the price or quantity of the underlying asset in the order. After clicking the “Confirm” button, the modification of the order will be completed.

Support order cancellation. In focus mode, when users click on an order line, they can see a ‘Cancel’ button. After clicking the button, the system will prompt the user to confirm the cancellation of the order. Once confirmed, the cancellation request will be executed, and the corresponding order line will be removed from the chart.

Order setting or modifying take profit and stop loss. Users can set take profit and stop loss (TPSL) at the order level through the order line. When dragging the take profit (TP) or stop loss (SL) button to the desired price level, the ‘Modify Order’ pop-up window will appear, allowing users to adjust the price or quantity of the take profit/stop loss accurately. Once confirmed, the take profit or stop loss order will be placed. For the convenience of users, the estimated profit and loss (P&L) of the take profit and stop loss will be directly displayed on the TPSL line. In addition, users can also modify or cancel any existing order-level take profit and stop loss.

Second, the position line

Support reverse position. Contract users can quickly switch to reverse position by clicking the reverse button [↑↓] on the position line. After clicking [↑↓], the system will pop up a confirmation window containing the details of the reverse position. Once the user confirms, the system will execute the reverse request, and the position line will reflect the new position and display the corresponding color.

Real-time liquidation. In focus mode, users will see a [x][x]Close position button, clickAfter clicking the button, a confirmation window will pop up and the user can set the closing price and quantity. Once confirmed, the closing request will be executed. If it is a complete closure, the corresponding position line will be removed from the chart.

Position Take Profit Stop Loss (TPSL). Users can directly set Take Profit Stop Loss (TPSL) from the position line. When dragging the Take Profit (TP) or Stop Loss (SL) button to the corresponding price level, users can dynamically view the expected profit and loss (PnL). Once the Take Profit or Stop Loss is set, the expected profit and loss will be directly reflected on the TP/SL line, and any order modifications that affect the profit and loss will also be updated on the line accordingly. Users can also directly modify or cancel the Take Profit Stop Loss of their position.

Third, transaction history tracker

Transaction History Tracker. Supports users to directly view transaction history on the K-line chart. In addition, OKX also provides a feature to access the order history page with one click, helping users obtain more detailed historical order information.

Fourth, User Settings and Customization

The position line is always visible and switchable. The OKX K-line chart supports the position line to be always visible. For example, even if the user’s entry price exceeds the Y-axis price range, the position line will still remain within the visible chart. Therefore, when the user clicks on the position line, it will return to the Y-axis range, making it convenient for users to safely set take-profit and stop-loss (TPSL).

Close position line. If the user closes the ‘Display all positions’ option on the settings page, the position line will be invisible when the entry price of the user’s position exceeds the Y-axis price range.

Profit and loss value or profit and loss ratio display. Users can choose to display profit and loss value or profit and loss ratio on the order and position lines through the profit and loss display settings option.

(2) K-line Analysis

In terms of K-line analysis, OKX provides users with easy-to-use tools for accurate market analysis through three dimensions: professional K-line charting tools, rich data indicators, and customizable display styles.

During this upgrade, OKX has added many practical functions to the K-line analysis, such as adding key trading data as indicators in the K-line chart, using drawing tools in full-screen mode, Y-axis scaling to assist accurate analysis, and so on, comprehensively enhancing user experience.

First, new trading data indicators. Users can now access key trading data as indicators in the K-line chart for intuitive access. Currently, OKX will support five different types of trading data indicators, including open interest, top trader account long/short ratio, top trader position long/short ratio, long/short account ratio, and active buy/sell order volume, and will continue to iterate and enrich in the future.

Second, the drawing tool in full-screen mode. OKX’s K-line chart now supports full-screen mode and manual Y-axis zoom, making it easier for users to draw trend lines, Fibonacci retracements, and other commonly used drawings on the K-line chart. More importantly, all user drawings will be saved on the OKX backend server and synchronized across all platforms, so there is no need to worry about losing any drawings or repeating operations between the OKX app and the PC end.

Third, support Y-axis zoom. OKX K-line chart now supports manually adjusting the Y-axis scale, helping users to browse and view the K-line chart more comfortably. In addition, users can also drag and zoom in the K-line chart to more accurately select the order placement point, further enhancing the accuracy of trading. This personalized control allows users to switch between different tasks more easily and quickly.

Focus on user experience, OKX promotes smart trading

The truth lies in the details.

On the one hand, OKX focuses on product details, listens to user needs carefully, and continuously improves user experience through technological innovation. Through the ‘K-line Trading Assistant’ this time, OKX further optimizes and integrates K-line technical analysis tools and trading operations. By seamlessly combining the two, the usability and convenience of the product are improved, bringing users a smoother and more seamless trading experience. As Amazon founder Jeff Bezos said, ‘User experience determines whether they will choose us again.’

On the other hand, OKX continues to innovate and explore in the field of intelligent trading and future financial tools. By optimizing the interaction process and promoting smart interaction, OKX further improves the convenience and efficiency of user system usage, making user operations more natural and simple. For example, with the ‘K-line trading assistant’ function, users can intuitively observe market trends, make trading decisions quickly, achieve more efficient and intelligent interaction, and help users adapt to market complexity quickly.

As a pioneer in the fintech field, the blockchain industry is constantly driving innovation and development in digital asset trading. With the maturing market and increasing user demands, advanced trading tools have become one of the core competitive advantages of digital asset trading platforms. Balancing user needs and experiences while maintaining technological and product leadership is a topic that every Web3 tech company needs to consider.

Users are the most sensitive and will always switch to the best product experience at any time.

Disclaimer

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