LakeBTC Exchange Launches Browser-based Bitcoin Trading App
China-based cryptocurrency exchange LakeBTC has launched a new HTML5-based trading tool dubbed LakeTrader.
LakeTrader is an in-browser (and hence cross-platform) app that allows traders to view order book data, trade history and open orders, along with a number of powerful charting tools that allow both technical analysis and one-click trading.
LakeTrader uses an HTML5 charting library and is fully integrated with the exchange’s real-time API, allowing traders to place buy and sell orders with a single click, using the ‘OneClick’ trade mode.
To use this function, the trader must set a default order size and a multiplier, hover the pointer over the orderbook and an overlay with buy/sell buttons will appear with the corresponding price.
The order is sent with a single click and, once processed by the server, will show up in the Open Orders pane. Once executed, the order will show up in the Trade History pane, in real time.
LakeBTC says the function is extremely easy to use and should appeal to all traders, but especially those that trade more frequently. For those who prefer a more traditional approach, the app has a Manual tab that allows traders to fill in the price and amount for each trade.
The exchange points out that LakeTrader is a feature-packed, real-time trading browser application and says it is very proud of its charting prowess.
“We have integrated the charting lib by Trading View. There are loads of features available – BTC/USD and BTC/CNY charts in 1, 5, 15, 30, 60 minute, 1 day and 1 week intervals, with styles in bars, candlesticks, lines, areas, etc. You can also draw trend lines, trend angles, pitchforks, Gann box, Fibonacci retracement, ABCD patterns, Elliott Wave subminuette, and so on. For technical analysis, there are about 60 options to choose from, including MACD and others,” a LakeBTC representative told CoinDesk.
LakeTrader also integrates CoinDesk BPI data, which can be accessed though the ticker box in the upper left corner by selecting ‘CDBPI:USD’ in the drop down menu. Users can also compare LakeBTC’s USD chart with the CoinDesk BPI USD chart side by side.
LakeBTC was added to the CoinDesk BPI for USD and CNY prices in June 2014.