It’s time for our quarterly ProfitFarmers News and updates! We are going to be covering July, August, and September and trust us, there are so many great things to get through!
Trading Signal Statistics - Headlines
Our algorithms generated over 1,357 signals in 92 days (3 months) across the various strategies.
That’s an average of 15 seed signals closing every single day for our members all around the world.
When we looked at these statistics, it just blew our minds. Why? It’s because when you break down the winners and losers we saw a massive 78% of them hitting at least target 1!
That’s 1,057 out of 1,357 signals offering up at least some profit potential! Only 22% (300) of our signals generated and vetted by the experts went directly to stop-loss.
What a crazy couple of months it has been! We’d like to take this time to update you on all that has been happening here at ProfitFarmers HQ.
But before that, we would like to thank all of our members for choosing to trade with ProfitFarmers, we couldn’t have done all of this without you.
ProfitFarmers News and Updates
PROFITFARMERS MOBILE APP
In line with our desire to make trading as convenient and easy as possible for everybody, we’ve released the ProfitFarmers mobile app so that you can be updated, monitor, and trade signals on the go! Android only for now, sorry Apple lovers!
We have begun posting swing trade ideas for our members on top of all the usual signals, this is to help diversify the type of trading you can do and to make sure we are proving valuable content even when the standard algorithms are having a quiet period – especially during choppy markets!
The ProfitFarmers academy was created with the goal that ANYONE, (member or not) can learn how to use our platform, see how it all works and watch live demonstrations.
The Academy is your opportunity to learn everything about the ProfitFarmers platform, see how it all works, check out hints and tips, learn how you can begin copy trading using your Binance Exchange account, and more!
We plan to keep adding to the academy so don’t forget to subscribe to our newsletter for updates.
Trading Signal Statistics - The Breakdown
Wow, we really can’t get over how good this trade was. Almost vertical from a perfectly spotted entry zone! When it closed on July 21, all our members who managed to enter into this trade enjoyed an incredible peak profit of 105%!
But as you can see on the chart, the move ended up wicking even further up than expected for a maximum move from entry of +150%!
Target spread and profit per target
We broke down the winners to discover which targets were being hit. This is what we saw:
61% of all the signals hit target 2, 3 or 4!
That’s a phenomenal stat! Why?
Well the average profit from each entry looks like this:
Check it out!
398 trading signals had an average peak profit of 8.5%!
156 trading signals had an average peak profit of 12%!
273 of the trading signals achieved an average peak profit of 25%!
That means that 827 signals have been generating extremely profitable opportunities!
If you always aimed for Target 2 only, this would have meant a 61% win rate with an average peak gain of 8.5% (The other 39% would lose 3-4% on stop loss)
This is the average depth percentage for the last quarter. As expected, it just dips above the standard strategy because of how bullish the market was around this time. The best ‘average’ play was to buy a little higher than the middle of the entry zone.
ADXBTC is our favorite trade this quarter because it gained 105% in only 1 day. However TROYUSDT was our most profitable trade, as it made a whopping 120% in peak gains!
If you take a look at this list, all of the trade signals made a peak profit above 60% (which is undeniably awesome). This is what the platform is capable of, and hopefully we see more of this now that the market is breaking out and booming again!
We at Profitfarmers are always looking forward to the exciting future of cryptocurrency!
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