Synopsis
The crypto market is constantly changing based on regulatory and economic conditions and some of those changes became incompatible with ProfitFarmers. In order to improve our service we have made some adjustments to what we do and how we do it:
- Our signal strategies now focus on the highest quality trade setups possible; when the altcoin market is in a strong uptrend.
- To open up exchange options beyond our original relationship with Binance.com, we have partnered with Growlonix and Cornix.
- Users looking for fully automated or semi automated copy-trading features can now leverage our Telegram bot in conjunction with a Growlonix or Cornix account across a wide variety of exchanges.
- We have streamlined our platform by removing rarely used features such as the price action scanner, RSI scanner, wallet balances and more.
- An entirely new tool for turning market cycles into money has been launched under our sister brand. You should check it out.
These changes will mean that our platform will serve a much wider audience whilst also offering all the advanced trading features anyone could need, via a Growlonix or Cornix account (not included with your ProfitFarmers plan).
Highest quality signals
ProfitFarmers has always been known for providing fantastic trading signals, but as the market participants and dynamics have changed over the years it has resulted in a choppier market.
Rather than produce average quality signals, that may be too complicated to use for the average trader, we have made the decision to focus purely on the best opportunities.
These typically show up when the ‘OTHERS’ and ‘TOTAL3’ charts are breaking out on higher time frames. During these periods we expect our signals to deliver unleveraged peak gains between 30%-3000% (yes you read that correctly).
The upside is that this should mean fantastic win rates, big gains and opportunities that don’t require you to take action at lightning speed when the signals arrive. Higher time frames naturally give you more time to think and react.
The downside is that there will be periods of inactivity where the market is taking money from people with less patience than us.
If you want to learn more about how to turn these market cycles into money then read on further down the page.
More Exchanges
After Binance.com was unexpectedly banned in many countries we were left to figure out the best approach to supporting a wide audience without knowing which exchange might be next to disappear. The end result is that we have reconfigured how our platform works entirely to reduce our dependence on any particular exchange as much as possible.
We no longer offer any copy-trading functionality directly from our dashboard as this was originally designed to work only with Binance. Instead, the trading form was converted into the risk:reward trade planner. This means anyone can plan a pro trade regardless of their choice of exchange.
To execute your trade you can now manually enter your trade plan with your exchange or use the advanced trading terminal (and extra trade order types and features) supplied by Growlonix or Cornix.
Automated and Semi Automated copy-trading will now be available via Telegram bots instead, see below.
You can learn more about the different ways to trade with our signal by reading this guide here.
The new Copy-Trading model: Telegram Bots
In order to offer copy-trading to as many people as possible we have partnered with Growlonix and Cornix.
When we produce a signal it will be fired into a special Telegram channel where Cornix and Growlonix are able to collect the details and then take action automatically.
What happens when a signal arrives is based on your personal preferences, which you can configure inside your Growlonix or Cornix account.
There are a wide range of features (more than we had previously ourselves) and settings that allow you full control over your trading, whilst removing a lot of the button clicking.
To get access to this feature, please contact us via support ticket and we will get you started.
Note: This feature will only be available to members on a long term paid plan.
Streamlining the service
Our change in service has given us the opportunity to reduce the fluff and focus on what is most important to our users. As a result we have removed some mostly unused features and there are some other changes to the user interface that we will list here:
- The Price Action Scanner has been removed
- The RSI scanner has been removed
- A trading terminal is now available as an optional 3rd party upgrade (via Growlonix or Cornix, both of which offer free or trial accounts)
- API keys will no longer be required as you will connect to your exchange using a 3rd party (via Growlonix or Cornix) or trade with them directly
- Wallet balances, trade history and open orders will soon no longer be part of our dashboard as you will manage this using a 3rd party (via Growlonix or Cornix or your exchange directly)
Turning Market Cycles into Money with ClostriX
If you are tired of losing money to emotions, impatience and whale manipulation then you’ll be pleased to hear that a solution has been developed by our colleagues.
ClostriX is a complete system that pinpoints profitable trades, using AI insights to shield you from fear, greed and market manipulation. It works seamlessly with TradingView so there is no complex training required.
You can learn more about this opportunity by visiting www.moneyandmirth.com/clostrix.
Conclusion
Let’s be honest, no one likes change. So a thank you is due to our longest serving and current members, we appreciate your patience and understanding. Apologies for any confusion caused throughout this renovation.
We’re certain that these changes will lead to you getting better results in the long run, and will allow more people to use our services in a variety of ways.
