Signals' Best Practices

DISCLAIMER: Due to the nature of crypto currency's volatility, prices may vary significantly between exchanges. All prices are quoted from Binance except XBTUSD and ETHUSD which are quoted from Bitmex perpetual contracts. If you buy or sell a pair on another exchange than the price provided by the signal make sure you take in consideration the price difference between exchanges before placing a bid.

  1. Golden Rule: never ever go against the signal. You dont have to take every signal but never ever go against the signal. As you can see the result are pretty consistant and usually if a signal does not work, it is most often than not that either the signal is a bit too early or there is a run on stop but rarely a wrong direction of trade. If you remember only one thing it would be: "Never ever go against the signal."

  2. BitMEX vs Binance: on bitmex pairs can be shorted which provide much higher reward since profits can be achieved on both side. However, because because bitmex is a future exchange there is price difference. XBTUSD and ETHUSD prices and data are exact price of Bitmex. All other pairs are priced from Binance since Binance offer continuity of price and enough liquidity. When you trade pair like ADABTC, XRPBTC, TRXBTC, etc on Bitmex from our signals make sure you convert given price to actual price on bitmex.

  3. The higher time frame ( e.g.: 1D ) is more reliable than lower time frame as there are less volatility. It is also a good idea to look at the length of the trade compare to the average time length of the pair. The longer the current trade the more accurate will be the reversal.

  4. Although lower time frame ( e.g.: 4H ) might not be as accurate as higher time frame and generate more loosing trade in average in some pair it might be more profitable because there are more trades and if the volatility is high enough that winning trades generates high return.

  5. Stop loss usage. In most trade we provide a stop loss, however in some strategy we do not include a specific stop loss. In that case it is your responsibility to define your stop loss. When the signal provide an entry with a stoploss it will also provide regular update of the stop loss if necessary. All our leverage trade provide stop loss, it is important that you update your stop loss when those updates are provided.

  6. Another strategy which can is very successful is to only enter 4H trades which are in the direction of the 1D direction. That way you have the momentum in your side.

  7. Signals are generated to be used by our trading bots, obviously if you trade manually you can optimize your entry and exist based on patterns on lower time frame. For the purpose of the signals we register the entry of the trade based the closing price of the candle which generated the signal. That mean you usually have one more candle to optimize you entry.