Here is the latest trading signals statistics update covering September 1-30, 2020.
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Headline Numbers
Our algorithms generated over 318 signals in 30 days across the various strategies.
That’s an average of 11 seed signals closing every single day for our members all around the world.
September sadness has been bumming everyone out (especially that $2,000 Bitcoin dip at the beginning of September) but our algorithms still produced some exceptional stats for our users.
Not only did we average 11 seed signals per day, but when we broke down the winners and losers we saw a massive 73% of them hitting at least target 1!
That’s 233 out of 318 signals offering up at least some profit potential! Only 27% (85) of our signals generated and vetted by the experts went directly to stop-loss. Not bad, huh?
Best Trade
ETHDOWNUSDT really impressed us by achieving gains of +47% in just a day! The cryptomarket during September was obviously worse off than August, but that didn’t stop ProfitFarmers from making the best out of bad situations. ETHDOWNUSDT makes profit when Ethereum goes down in price and that is exactly what happened here. We hope you liked that one, ProfitFarmers!
Target spread and profit per target
We broke down the winners to discover which targets were being hit. This is what we saw:
Out of 73% winning signals, 50% of the signals hit targets 2, 3 or 4!
If you take the average profit from each target, it looks like this:
Check it out:
- 23% of signals had a peak profit of 6%!
- 28% of signals had a peak profit of 9%!
- 9% of signals had a peak profit of 12%!
- 13 % of signals had a peak profit of 20%!
That means the majority of signals have been generating extremely profitable opportunities!
When making a trade last month, on average the price goes down to 38% depth. This means that if you have been setting the entry price to standard, more often than not you wouldn’t have gotten into the trade.
This is the second month in a row where the average depth % just falls short of the standard strategy, so please keep this in mind when making those trades in the future!
Top 10 Trades
On another positive note, the good trades this month really generated excellent profits. Here is our top 10, with ETHDOWNUSDT taking top spot for hitting +47% gains in only a day. The second week was the best week this month, where we saw ELFBTC taking the top spot by hitting all 4 targets for a peak profit of 39% in just 8 hours! Let’s stay optimistic by looking forward to a better October ahead!
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