Here is the latest trading signals statistics update covering October 15-21, 2020!
Our algorithms generated over 17 signals in 7 days across the various strategies.
That’s an average of 2 seed signals closing each day for our members all around the world.
After breaking down the statistics, we saw a massive 82% of them hitting at least target 1! That’s 14 out of 17 signals offering up at least some profit potential!
No signals went to stop-loss this week because the 3 signals that showed bearish signs were immediately vetted by the system! (This would appear as a close early notification on your end)
ProfitFarmers News and Updates
We are currently finalising the logic and testing things to ensure that you have a seamless trading experience and importantly we need some more time to develop the training and support materials to make sure you all get off to a flying start when we release the update!
A QUICK UPDATE ON A BUG
We’ve also accidentally introduced a price data issue which has caused the Futures Signals tracking to be incorrect. Our team is working to manually update the affected signals so that all statistics and reporting are accurate. The trading signal data itself was not affected.
By the time you read this the issue will have been resolved and the dashboard will be back to it’s usual self!
We will continue to release Swing Trade ideas on an as and when basis depending on the opportunities spotted. In the meantime the standard algorithms and futures algorithms are crunching the market for you 24/7. The last swing trade RENUSDT saw a peak gain of 15%-30%!
We’ve added a new trading strategy into our arsenal: The Optimised strategy.
It will be added as another ‘strategy’ on the dropdown menu in the trading form next to the defensive, standard, and aggressive strategy. The plan is to update this strategy based on what the statistics breakdowns show us.
This chart might look a little odd compared to the previous ones we’ve put out as this one was shorted expertly.
As you can see, the price dropped significantly after the entry zone was created hitting all 4 targets in just 15 hours for a peak gain of almost 23%! Now that’s a good trade!
Target spread and profit per target
We broke down the winners to discover which targets were being hit. This is what we saw:
All of the winning signals generated skipped pass target 1 and continued on to hit the higher targets! This means that 82% of all the signals hit target 2, 3 or 4!
Why is that awesome?
Let’s take a look at the average profit from each entry:
11 of the signals hit a peak profit of almost 10%!
2 signals hit peak profit of almost 11%!
And the signal that hit target 4 hit a peak profit of almost 23%!
None stopped at Target 1, none went to stop loss. Incredible!
Here’s our top 10 trades for this week!
XVSBTC is the most profitable trade, despite only hitting target 2 – it made almost 24% peak gains in only 23 hours!
After putting out the UP and DOWN signals some time ago, those signals have been consistently generating good profits and getting into our top 10. So shout out to BNBUPUSDT for making almost 16% peak gains in 5 days.
The current crypto market is definitely looking bullish, so expect good things to come here at ProfitFarmers!
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