Organisers can craft their own games, setting start time, duration, scoring method, prize distribution, and more.
CoinFLEX will be hosting regular competitions, which will take place daily with up to 10,000 USDT in prizes.
Competitions will have leaderboard rankings based on “Pure Volume Multple” or “Profit Blend”.
Battles will be fought via our CoinFLEX Execute Arena (Powered by Trading Technologies).
Light-saber’s at the ready, may the FLEX be with you!
Prohibited Countries: American citizens and residents of the United States of America, Cuba, Iran, Syria, Sudan, North Korea, Afghanistan and any other Countries that are restricted from trading on our platform are prohibited from holding positions or entering contracts at CoinFLEX. If it is determined that any CoinFLEX trading participant has given false representations as to their location or place of residence, CoinFLEX reserves the right to close any of their accounts and to liquidate any open positions.
How do Bracket Order Competitions work? The bracket order is a strong and sophisticated method for traders to manage risks. It also helps them reduce regular or even hour-to-hour monitoring pressure. In other words, a bracket order will at first submit a limit order. Once filled, it will automatically be submitted to OCO (One-Cancels-Other) order. This OCO order is set against a profit target and a loss stop offset against the initial order price.
CoinFLEX announced recently a hybrid manual / automatic scalping order. This order will be used for its trading app called bracket orders. Users may order bracket commands for different profit margins. This is between deals and on the orderbook of CoinFLEX.
The best platform to experience how bracket order competitions work at Coinflex. These competitions usually have a lot of prizes for those who become winners. This competition is mainly available for scalp traders.
This bracket order competition works based on the CoinFLEX update of its manufacturer/taker FLEXMaker system. This system incorporates FLEX token into the low-priced DMM form of the exchange. It is increasingly becoming clear that there will be a preferred exchange. This will majorly be in the institutional interest and big traders’ aspirations. Nevertheless, several major players are currently pursuing connections with different exchanges. This will help them to keep up with the competitive and growing market for cryptoderivatives.
What is the prize for the competition?
A 100k USDT prize pool will be held for users at the Bracket Order Competition (BracketWars). This will help the users of CoinFLEX to learn the ropes of the new trading tool. The market involves two tiers of initial collateral to join the competition and traders will be awarded from the pool.
In a critical sense, this bracket order competition works by preventing bots and algos from participation. This is because bracket orders require the trader’s manual selection. The scalp and the manual execution of the scalp are also a great deal of compromise for retail traders.
The world retail market for crypto is massive. Developing CoinFLEX bracket orders together with many other products is a great move to help retail traders. This especially works for those who are not willing to indulge in higher leverage swing trade. This higher leverage trade will mainly be experienced in crypto future contracts.
Why participate in bracket order competition?
Bracket orders allow you to create a schedule before or after a position. For predefined profit-and-loss rates, you can position equity and option orders. You can also easily add a bracket after placing the order. Bracket order competitions also give you a simple and direct way of managing risks.
How can you become a winner in the competition?
The “FLEX multiple” (FM) metric is the key calculation for getting a winner in this competition. Over a certain period, participants are rated using FLEX Multiple. And as many of the initial volumes are sold the better. This does not depend on the balance of customer account but the various volumes! Each client has a winning opportunity.
Competitions bots cannot enter our bitcoin competition, this is because bracket orders have to be inserted manually via the trading interface. This process is essential for anyone to qualify for the competition. If any member is discovered using the automated bracket orders, then he or she will be disqualified. This is according to the fair play guidelines of the competition. Decision making is solely dependent on these terms.
CoinFlex uniqueness in the competition
The smooth interface for CoinFLEX is already popular with traders. It is based on a tool suite of traditional giant trading technologies. The low-cost model combined with FLEX token stake also appeals to market manufacturers and prop shops.
Major financial institutions and experienced scalpers are highly aware of Trading Technologies ‘ toolkit in traditional markets. The app from CoinFLEX is now compatible with bracket order, this makes it an amazing commodity. These bracket order competitions work as highly attractive trading contests. CoinFLEX now plans to launch new trading challenges with more design improvements, trading tools, and reward updates. CoinFLEX offers several approaches to many of the competition for vanilla trading models. This is also offered by other exchanges amid several exchanges jostling for superiority in the budding cryptoderivatives market.
It is tough to be special in the crypto industry. This is mainly triggered by the situation whereby everybody wants to challenge mainstream finance. However, CoinFLEX has an eye for differentiation due to its great work and approach.
There are great differences between a Bracket order and an automated order. The differences are a result of several factors. The factors range from the definition, how they work and the mode of execution.
1. Mode of operation of the two orders
A difference is seen between bracket orders and automated orders basing on their mode of operation. Bracket orders are the sort of unique intraday orders just like those found at CoinFLEX. They are intended to provide traders with security. Traders can enter 3 orders concurrently in one click with bracket orders. This is a sophisticated form of intraday order supported by a “take profit order” It enables traders to simplify their businesses through automation. It also significantly assists in the reduction of the risk involved.
The word automated order system, on the other hand, applies to a computerized channel. This channel delivers orders to the specified order return system or to exchange floor brokers. The automated order framework guides the orders of the dealer. This is important in ensuring that they are implemented at a quicker rate.
Automated trading platforms have the pace and precision required while conducting orders. Such systems may reduce the number of mistakes by eliminating human intervention at this step of the order handling cycle. Ultimately, they can also provide a further layer of fraud protection to help regulate risk.
The difference between the bracket and automated orders is seen on how the two orders are executed. Three orders are included in the Bracket Order viz. A limit order, take profit limit order and stop-loss order. If a trader enters a new order for purchasing/selling with the aim/exit price as well as a stop-loss, all three orders are put as a bracket order. The other two orders immediately start when an initial buy/sell limit order is performed.
If anyone of the orders is carried out in the profit limit or stop-loss order, the other order will be canceled. This is because two items are mutually exclusive. These are the target profit order and the stop-loss order. The sequence for bracket order is intraday order.
Automated order execution, on the other hand, uses a mechanism for carrying out transactions without manually inputing them. Automatic systems enable traders to buy or sell an asset by using selling signals. This happens when a trigger is produced so that the trader does not have to manually enter the order. A wide range of technical indicators and processes can eventually be used to produce automated orders.
Professional traders and advertisers and some stock traders often use automated trading techniques. The foreign exchange (forex) market is one exception. In this platform, a large number of retail dealers are provided with automated trade methods and systems.