Trading Signals Results August 22-28, 2020

Headline Numbers

Our algorithms closed 102 signals in 7 days across the various strategies.

That’s an average of 15 seed signals closing every single day for every ProfitFarmer out there!

It was a much more difficult week in the markets but when you break down the winners and losers you can spot 73% of them hitting at least target 1!

That’s 74 out of 102 signals offering up at least some profit potential! Only 27% (28) of our signals generated and vetted by the experts went directly to stop-loss.

Our favourite trade over this period came in on the 23rd of August thanks to STORJBTC. It managed to generate a maximum 37% gain in just under five hours. 

Think about that. If you made this trade, forgot about it, went on a netflix marathon, you’d have achieved up to 37% gains before you finished the second movie.

When the signal was generated for STORJBTC, within a short while you could see a sudden jump in the price triggering Target 1 and 2 to start selling those coins. STORJBTC was relentless, hitting Target 3 shortly after. 

It rode the wave of its own momentum all the way to target 4 – achieving a 37% profit in only five hours. Get in there!

Target Spread And Profit Per Target

We broke down the winners to discover which targets were being hit. This is what we saw:

So 48% of all the signals hit target 2, 3 or 4! That’s a drop from the previous weeks which shouldn’t be a surprise as most coins took a nosedive during this period making the higher targets impossible to achieve.

Despite that it would still have worked well to aim for the more modest gains that Target 1 and 2 can offer.

The average profit from each entry looks like this:

Although only 9% of trading signals reached target 4, those that did achieved a peak profit of +28%!