Here is the latest trading signals statistics update covering October 22-28, 2020!
Our algorithms produced over 19 signals in 7 days across the various strategies available in the ProfitFarmers’ arsenal.
That’s an average of 3 seed signals closing every single day for our members all around the world.
When we broke down the winners and losers we saw a massive 78% of them hitting at least target 1!
That’s 15 out of 19 signals offering up at least some profit potential! Only 4 of our signals generated and vetted by the experts went directly to stop-loss.
ProfitFarmers News and Updates
The US election is looming and whilst many of you probably don’t care so much about that or don’t feel it will have an impact on your life, sadly it almost always messes with the financial markets!
Update on trading Futures
In order to improve usability we are initiating a change to the Futures699 strategy (LONG/BUY) that will bring these signals back to running on the standard/Spot coin prices. These will show up as HYBRID699 on the dashboard.
You will be able to copy these signals the usual way as long as you don’t want to use leverage. This should once again mean that the vast majority of signals can be copied with a couple of clicks! These trades will happen using the Spot market, just like your trades using the LIGHTNING3 strategy.
Please note that we cannot do this for the Futures699-S strategy (SHORT/SELL) as this must use Binance Futures functionality.
Whew, this one was on fire and needed an aggressive strategy to catch it as it dipped into the entry zone a few times. It barely dipped into the entry zone before skyrocketing upwards – Hitting all four targets for a peak gain of almost 23% in just 2 hours!
Target spread and profit per target
We broke down the winners to discover which targets were being hit. This is what we saw:
As you can see, 68% of all the signals hit target 2, 3 or 4!
Why is that so awesome?
Well the average profit from each entry looks like this:
That means the majority of signals have been generating extremely profitable opportunities!
Check it out!
The 6 signals that finished at target 2 had an average profit of +5%!
The 4 signals that finished at target 3 had an average profit of 7%!
The 3 signals that finished at target 4 had an average profit of almost 19%!
Top 10 Trades
We’ve listed out the other top 10 trades over the period for you too.
Special mention to the new coin Injective Protocol (INJ) as it was our most profitable coin pairing last week! Against BTC and USDT it managed a peak profit of almost 23% in just 2 hours!
FILUSDT is back after being best trade last week with peak gains of 16% in 3 hours!
U.S election time is nearing and is expected to create huge ripples in the cryptocurrency scene, so we’re crossing our fingers that good news will be awaiting us next week. See you on the next blog!
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