Here is the latest trading signals statistics update covering November 1-15, 2020!
Our algorithms generated over 47 signals in 15 days across the various strategies.
We’re seeing an average of 3 trading signals closing every day for our members all around the world.
What makes that number extraordinary is that when you break down the winners and losers we saw a massive 81% of them hitting at least target 1!
That’s 38 out of 47 signals offering up at least some profit potential! Only 9 of our signals generated and vetted by the experts went directly to stop-loss.
ProfitFarmers News and Updates
US elections done - Signal volumes are increasing
Previously, we’ve said that signals will be on pause due to the US elections. Now that it’s all but concluded, the wait is finally over!
Our signals are picking up and now’s one of the best times to try out our system as the market is exploding!
Changes to the news/updates schedule
We love nothing more than to be as transparent with you as possible. However, some weeks can be a bit of a dry spell for crypto-related news. So, we’re changing the way we deliver the latest updates.
Starting November, we’ll be publishing news on a bi-weekly basis with the end of month being a full roundup.
Update to the ‘Trade Now’ button
Members are now allowed to go into a trade up to a status of ‘awaiting target 1’ just before it hits Target 1. We’ve been studying the market trends we wanted to give you more time to get into a trade you want.
Late for a Signal? No problem, watch this video!
Sometimes signals can move very quickly and you miss out on the opportunity to use the copy trade feature.
Don’t worry. If you still want to get in on the trade, check out Chapter 5 of the ProfitFarmers Academy. This’ll teach you how to chase a trade that’s already left the entry zone and still make use of the trading automations
New article on the knowledge base - futures leverage trading
Here’s one for our members. We have a new article where we discuss futures (long and short) leverage trading. Simply head on to the Knowledge Base on the Help Centre and search for Changes To The Trading System – Futures (Long and Short) Leverage Trading.
As you can see, the prices stayed for a short while around our buy zone but then skyrocketed into our targets… reaching as high as target 3.
However, prices couldn’t quite reach the 4th target and we had to close the trade on November 11. The good news is that we’ve reached peak gains of 36.16%
Target spread and profit per target
We broke down the winners to discover which targets were being hit. This is what we saw:
So 60% 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:
Almost 23% of trading signals hit Target 2 and achieved a peak profit of +9%!
Almost 17% of trading signals hit Target 3 and achieved a peak profit of +12%!
Almost 19% of trading signals hit Target 4 and achieved a peak profit of +14%!
We’ve listed out the other top 10 trades over the period for you too. YFIUP was one of the most surprising trades we had. It went up against USDT twice and gained a profit of 18.31% and 36.16%! Both trades lasted less than two days!
ALPHA, REQ, RUNE, and VIDT deserve some praise for hitting above 20% in less than 24 hours!!
Interesting questions from our community
Yes…but be cautious.
If you share accounts, you’re giving them permission to use ProfitFarmers to talk to Binance.
However, please keep the Binance login credentials and access to yourself. That way, no one but you will be able to make withdrawals from your account.
Also keep in mind that if you do plan on sharing, it should be with someone whom you completely trust. Otherwise, you might risk having a disagreement with them in the future if they made a trade that you didn’t like.
You can edit your entry, stop, and target(s) mid trade by visiting the manual trading terminal and clicking edit.
We highly advise that you watch all of the videos available so that you’ll have a better understanding of how the system works.
But, if you’re specifically looking for this topic, then Chapter 4 of the ProfitFarmers academy is where you’ll need to go.
Yes…but take care
Generally, when you create an order or you copy a signal, what’s happening is that you’re creating a package of trades. Your pending orders are your stop loss and take profit.
The reason why these are pending is that you do not need a stop loss or take profit if you haven’t bought the coins.
The system is waiting to buy your coins at the set entry price. These parts will remain pending until you buy or stop buy triggers.
Be careful though.
Don’t leave your trades open for too long if you see that a signal has already moved too far or has started hitting the targets.
What can happen is if the price suddenly comes crashing, you could end up buying these coins at the price you’ve set and then, it’ll most likely hit the stop loss. Which means you could end up in a disheartening situation that could have been avoided.
Chapter 4 of the Academy covers how to clean up your dormant open orders so please check it out.
It doesn’t look like it!
The US election’s done, things are back to normal, and the altcoin market’s beginning to look very interesting. If you look back at the last bull during this period (around december 2017), we saw alt coin prices going a little bit crazy.
From the looks of it and how things are setting up, it seems like alt coins are going to be booming.
However, don’t take our word for it. The market may change and no one person can predict what will happen in the future. We would highly recommend that you do your own research and learn a bit from other reputable sources.
Be more profitable and start making trading work for you again.
Join ProfitFarmers and:
Follow expert trading signals in a few clicks
Copy the entire trade plan from entry to exit
Spend more time in the real world
Get off the emotional roller-coaster