Tutorial

What Is a Trade Signal?

A trade signal is a trigger for action, either to buy or sell a security or other asset, generated by analysis. That analysis can be human generated using technical indicators, or it can be generated using mathematical algorithms based on market action, possibly in combination with other market factors such as economic indicators.

What are Crypto Signals

As previously mentioned, crypto signals are a set of instructions sent directly to you informing you of which cryptocurrency to buy. A signal will typically contain the following information:

The cryptocurrency to buy – The signal will specify which cryptocurrency that should be bought, e.g. BTC, ETH, XRP

The buy-in price – The price you should try to buy the cryptocurrency at

The sell-targets – The price you should sell the cryptocurrency at in order to achieve a profit

Stop losses – A mechanism to automatically exit your position to mitigate losses

Signal Date

For open signals, this is the date the signal was opened. For close signal, this is the date the signal was closed

What are targets?

Targets are the different expected prices a coin will reach. As the price of the coin increases in relation to the signal, we want to have different price points where we can take profits to minimize risk

When you see a new signal you need to make an exchange. You need to put a buy or sell, prescribe stop loss and trade targets. When you reach the first profits from the signal, follow the next targets to increase your profit.

Closed Signals

When the cryptocurrency rate reaches the last target, we sell all assets and close the signal even if the price has not yet reached the stop loss