What are crypto signals?
Сrypto trading signals has become so popular that developers decide to simplify the trading process by creating different tools for algorithmic trading. Thus, traders who even have no experience can get income from this type of activity. One of the best algorithmic trading tools is considered crypto signals. The aim of this function is to make crypto trading more effective and help traders enter the trades while minimizing risk.
Before providing you with an ultimate guide on how to use crypto signals, let’s take a closer look at what this function is and how it works.
How do Crypto Signals work?
Crypto signals are instructions from professional traders about purchasing or selling cryptos at a specific price and time. This function also can be determined as a tool intended for analysis and tracking of market conditions that help traders to make a more informed decision concerning buying or selling crypto. Crypto trading signals can be based on a set of factors including news, technical analysis, and current market trend.
So, in other words, the point of this function is that the trader receives information on possible profitable trades from the analyst. The trades can be implemented automatically by customizing all necessary parameters based on the analyst’s prediction. If you aren’t completely satisfied with his prediction, you have the ability to change the setting under your own preferences.
The crypto signals work well both for new and experienced traders. This kind of algorithmic trading allows experienced traders to save time searching for new profitable trading strategies. For newbies, it gives an opportunity to get the necessary experience and gain knowledge in crypto trading. In addition, this function fully automates the trading process and facilitates the financial safety of traders by stop loss. Thus, traders are able to avoid crypto bankruptcy during trading.
How to start using crypto signals on the Cryptorobotics platform?
In order to use crypto signals in the Cryptorobotics, every trader should complete these actions.
- During monitoring of analyst’s channels, you will get the following data:
- A brief description of the channel.
- The number of followers.
- The general amount of signals.
- Active signals.
- The average amount of successful signals.
- Average profit.
- All profitable signals.
- The cost of a subscription per month.
- “Subscribe” button (in case, a trader doesn’t subscribe to the channel).
- “View statistics” button.
To start using one of the analysts’ channels, you should buy a subscription.
After subscribing, you can view the date of its expiration and the “Go to trade” button.
When you click on the “Go to trade” button, you will get access to the channel’s page.
On the channel’s page, you will have the ability to see the following information:
- Channel’s statistics.
- The button that provides you with extended access to the analyst’s channel.
- Detailed statistics of all crypto signals.
- Percentage of target achievement.
- Dynamics of signals that bring profit.
- The general number of signals.
- The amount of successful, unsuccessful, and active signals.
- Percentage of achievement of signal targets.
The analyst gives a crypto signal with the target to fix the profit. There could be multiple targets (T1, T2, T3, etc.) that are specified for every signal.