PF News Monthly Edition - February 1-28, 2021 Featured image

PF News – Monthly Edition – February 1-28, 2021

Hey there ProfitFarmers!

Here are the latest updates and trading signal results for February 1-28!

Results Report Download

Download the latest results infographic now! Simply choose from the options below:

The biggest news this February

Price data issues resolved

Good news, all price data have been repaired and the dashboard is now back to normal!

As you all know we have been suffering from an inconsistent price data feed which caused the dashboard to go a little bit haywire and show incorrect values.

We have now created a tool that can rectify the issue should it occur again. We are also building an alternative price data listening post as another layer of protection against a repeat situation.

Thank you all for your patience and understanding whilst we resolved the issues. The development team will soon be free to finish work on other known issues and new trading features!

New Strategies and Trading Styles

We recently introduced some more distinct strategies designed to suit both active, experienced traders and traders with less time available and less technical ability.

Short Term Scalping Strategies

  • Suitable for ‘full time’ Active Traders. ‘Part time’ Traders can play too if time permits
  • Typical ‘cooking time’ just minutes or hours, up to a few days
  • Typical Target 1 = + 5-10% (without leverage)
  • Often linked to Futures but not always

Mid Term Swing Strategies

  • Suitable for all types of trader. Especially those with less time available for trade setup.
  • Typical ‘cooking time’ can be hours or days of consolidation within the entry zone.
  • Typical Target 1 = + 5-15% (without leverage)
  • Wider entry zones so laddering in (or scaling in) to a position is advisable

There are also some new strategies running that only activate for recently listed coins and some other higher risk situations! Check out the updated strategy guides within the help centre for more information.

Changes to the entry styles

We’ve also updated our Entry Styles to be more in line with our new approach! (keep in mind that members are still free to edit their trades as they see fit).

Members can also see the full changes in the Knowledge Base (simply search for Entry Styles).

Binance Bull Market webinar

Binance recently put on a 1 hour webinar with guests talking about the current bull market, what caused it, how long might it continue and other interesting insights.

It’s always good to keep a finger on the pulse of the macro outlook so take a watch during your lunch break, here’s the link: Binance Webinar: Understanding the Crypto Bull Market

Headline numbers

PF News - Monthly Edition - February 1-28, 2021- headline numbers

We have back checked every signal after completing our tools and for that our algorithms generated over 344 signals in 28 Days across the various strategies.

That’s an average of around 12 seed signals closing every single day for our members all around the world.

When you break down the winners and losers we saw 72% of them hitting at least target 1!

That’s 249 out of 344 signals offering up at least some profit potential! Only 27% (94) of our signals generated and vetted by the experts went directly to stop-loss.

Our Best Trade

PF News - Monthly Edition - February 1-28, 2021- best-trade
Our favourite trade over this period came in on February 13th thanks to RVNUSDT
Look at the Chart

As we can see on the chart, the price quickly shot up and hit Target 1 and Target 2 but retraced to the entry zone where the price stayed for around 5 days hours before gaining momentum, hitting Targets 3 and 4.

Key takeaway:

RVNUSDT showed us why it’s not too late to follow trades that already hit their targets. We saw that there was a prolonged retracement period and if you had manually catched up to the trade and got in, there’s a real possibility of realizing some serious gains.

Target spread and profit per target

We broke down the winners to discover which targets were being hit. This is what we saw:

PF News - Monthly Edition - February 1-28, 2021 - Final target hit

So 45% of all the signals hit went on to hit target 2 3 or 4! This is a bit lower from other months and reflects the choppy altcoin conditions we experienced for February.

What’s amazing is that 25% of our signals reached peak profit potential! When we take a look at the average peak gains at each target, the results become even more amazing:

PF News - Monthly Edition - February 1-28, 2021 - average gains

That means the majority of signals have been generating extremely profitable opportunities!

Almost 72% of trading signals generated achieved a peak profit of around 10%! With 45% of signals continuing on to an average peak gain of at least +20%!

Looking closely, 25% of signals hit target 4 and had an impressive average peak gain of 43.84%!

Our top 10 trades for February

PF NewPF News - Monthly Edition - February 1-28, 2021- top 10 tradess - Monthly Edition - February 1-28, 2021- top 10 trades

RVNUSDT is our best trade; achieving an incredible 166.17% peak gain in 14 days!

Kudos to ZEN, LUNA, SAND, and ZRX for achieving impressive +100% peak gains!

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Disclaimer

Past results do not guarantee future performance. Only trade with money you can afford to lose.

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