Hey there ProfitFarmers!
Here is the latest trading signals statistics update covering the whole month of August!
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Headline Numbers
Our algorithms generated over 651 signals in 31 days across the various strategies.
For this month, an average of 21 seed signals closed every single day for every ProfitFarmer out there.
What’s mind blowing about that number is that when you break down the winners and losers we saw a massive 77% of them hitting at least target 1!
That’s 502 out of 651 signals offering up at least some profit potential! Only 23% (149) of our signals generated and vetted by the experts went directly to stop-loss.
Our favourite trade for this month came in on the 14th of August thanks to POABTC. This trade might seem familiar to you as it was our favourite trade for the second week of August.
Turns out that POABTC is the best trade for this month – Having achieved a whopping 97% in just 3 days!
POABTC took a while to gather momentum, but when it did, boy did it climb fast! As you can see in this graph the final ramp up was almost vertical.
Hitting all targets and smashing through targets 3 and 4 for a peak gain of just under 100% in 3 days! Good things indeed come to those who wait!
Target Spread And Profit Per Target
We broke down the winners to discover which targets were being hit. This is what we saw:
63% (408 of 651) of all the signals hit target 2, 3 or 4!
Are you wondering why that is so awesome?
Well, the average profit from each entry looks like this:
That means the vast majority of signals have once again been generating extremely profitable opportunities!
Take a look at T4, over 21% (138) of trading signals generated achieved a peak profit of +25%!
Top 10 Trades
We’ve listed out the other top 10 trades over the period for you too.
POABTC takes the trophy for top trade because it managed to garner the best return in the shortest time possible. Almost 100% in 3 days is just too good.
You might remember BATUSDT because it delivered a wonderful 73% gain… albeit taking its sweet time to do it. ARPA vs USDT and BTC made it into this month’s top 10 for making profits well above 60%.
Special mention to WAVESUSDT as well, for being a fast one; achieving 57% in just under a day.
Although the final week of August could have been better, overall It was another good month for crypto!
Trading Signal Win Rate Statistics
We always want to provide as much data as possible to people who are using our platform, so we’ve gathered all the coin pairings that were generated over the month: 317 pairings in all.
How does this help us? Only time will tell as patterns might emerge which you can study.
For now you are free to use this information however you like and we have provided a PDF which you can download for a more in depth view of these statistics.
We’d like to highlight LINKBTC, which won 11 out 11 trade signals generated; as well as RENBTC which won 10 out of 10!
Average Depth Percentage
Here’s something new: Average Depth Percentage. We made this graphic because we wanted to give you more information regarding the entry zone for our signals. Out of 651 signals the average depth into the entry zone is a little above 40%.
This shows that the market for cryptocurrency this month has been very bullish (win for crypto!) – this means that if you were placing your entry point a little higher up than the standard option, your likelihood of entering the trade would have increased!
There is an in depth explanation for this chart in the video breakdown for this month’s stats. Go check it out!
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