On the evening of August 31, Momo @momo_hodl from the Binance Futures team visited the Binance Chinese Community and shared about heat maps, reverse orders, contract grids, and more new features! The following is a summary of the sharing!

Q1: Can you talk about the latest updates of Heatmap?

The new heat map feature has two major highlights! First, we have the APP version, and second, we have enhanced the analysis function of the heat map. It not only adds asset types, but also adjusts the data definitions of market capitalization and trading volume/market capitalization. It also adds new indicators such as RSI, funding interest rate and volatility. These new functions make the heat map data more accurate and detailed.

Q2: Can you give an example to help people better understand how to use a heat map?

A heat map is like a visual storybook that uses shades of color to represent the intensity or frequency of data. For example, in the trading field, you can use it to see which markets are hot or have sharp price fluctuations. We have added many new options, for example: you can choose different trading pairs, such as UM, CM, Infrastructure, Layer-1, etc. You can also adjust the data based on trading volume or 24-hour changes, plus various indicator selections, such as Performance%, funding rate, volatility and RSI, and you can filter the ranking of assets you are interested in, from Top10 to Top50. Let me give you a practical example: If you pay attention to Layer-1, and when the market fluctuates, you want to quickly find the top 10 Layer-1 assets with market share and invest in assets with significant price changes, then, You only need to select the [Layer-1] type in the heat map, use [Transaction Volume] as the main filtering indicator, focus on the [Top10] assets, and then use [24H Performance%] to find the assets with the most potential. In this way, the heat map is like your smart assistant, helping you make wise decisions in your trading!

Q3: I heard that the button for “reverse order” has also been adjusted?

The "Reverse Order" button is very practical. With one click, you can quickly switch from the current position to the reverse one, and the position size will remain unchanged. Now users can customize it: if you feel that this button takes up too much space in the trading interface or is not used frequently, you can decide whether to display it or not. This will ensure that your trading interface is set according to your preferences, making trading more comfortable!

Q4: Has the contract grid been updated recently?

That's right! Our Contract Grid has always been a popular feature, and we’re working hard to take it to the next level. Now, when you set up the grid, you can also intuitively see your strategy and market trends through the "Grid Setting Preview". Even cooler, want to adjust your grid prices? Just pull it gently and the upper and lower price lines of the grid can move as you want.

In addition, in strategic trading robot accounts, the assets displayed now also directly include unrealized profits and losses. For example, the margin you invested at the beginning was 100U, and now you have an unrealized profit and loss of -20U. The actual margin balance is only 80U. The account assets you saw before were displayed as 100U, but we now display them directly as 80U. This is because if you choose to terminate the contract grid at this time, the assets you can actually obtain are 80U. Updates like this can help you have more control over your money.

Q5: Since there are so many updates mentioned, how can newbies get started quickly?

don’t worry! Binance has specially created a [Help Center] for everyone, which is full of many super practical learning resources. Whether you want to know about spot, leverage, contracts, options, or trading robots, you can find the answer here. For novice friends, it is recommended to start with the novice textbook, which introduces all basic knowledge in an organized manner, which is very suitable for beginners. After you are familiar with the basics, you can then advance to other textbooks to explore popular features or answers to frequently asked questions. Also, would you like to share your experiences with other trading experts? Through the help center, you can also join our trading community and grow with everyone~

Q6: When should I use a reverse order?

When we talk about "reverse orders" in trading strategies, we refer to a quick response strategy in the face of market uncertainty (edited). Simply put, when traders think that the market is about to reverse, or want to quickly adjust their strategies to protect the profits they have made, they can consider using reverse orders. It can switch from long to short, or from short to long, with one click.

Q7: Is there any way for novices to quickly get started with grid contracts?

sure! I am here to teach you a simple and practical method.

First, want to know what strategies are the most popular? Then you have to look at our "Popular" tab, which brings together many grid trading strategies with excellent results in the market, and they have all been tested in the real market, so you can refer to them.

(1) Go to the Binance Futures homepage. There is a "Trading Robot" option on the top, click on it.

(2) Find the "Contract Grid" and click on it.

(3) Did you see the "Popular" label on the right? Just click it!

(4) Next, you will see a lot of strategies. Choose a strategy you like based on information such as "running time", "yield rate" or "return rate".

(5) Finally, enter the amount you want to invest, click "Start running grid", and you're done!

Q8: Is there any difference between Reverse Order and Hedge Mode?

When we mention "reverse orders" and "hedging" in trading, although the two may seem similar in some cases, their core purposes are actually quite different. Reverse orders are mainly used when we think the market direction is about to change, and we can quickly switch the original position. As just mentioned, go long to short, and vice versa. Hedging, on the other hand, is used when we want to protect ourselves from adverse market changes by balancing the risk by establishing a position opposite to the original position. For another example, if you have a spot position in BTC, but at the same time use a contract to short BTC to avoid losing too much when the price of BTC drops, this is "hedging". This is just an example, not any investment advice. In other words, using reverse orders is to follow the new trend of the market, while hedging is to maintain the original strategy while reducing potential risks. There are also instructions on the hedging mode here: https://www.binance.com/zh-TC/support/faq/%E4%BB%80%E9%BA%BC%E6%98%AF%E5%B0% 8D%E6%B2%96%E6%A8%A1%E5%BC%8F%E5%8F%8A%E5%A6%82%E4%BD%95%E4%BD%BF%E7%94%A8- 360041513552

Q9: Can I increase the margin while the contract grid is running?

Yes, you can go to the [Help Center] to find out more.

Q10: Are there any conditions for using functions such as heat maps, reverse orders and contract grids, such as user level or position conditions?

All the functions mentioned today are free to use as long as you are a Binance Futures user! There are no other restrictions, so please be sure to try it after the AMA.

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