GG-SHOT Instructions
GG-Shot indicator is a tool for traders, it can be combined with any TA to simplify your trading, the indicator generates signals for almost all coins from the most popular exchange Binance Futures.
All notifications on the standard Crypto and Alt strategies will come in the GGSHOT_BOT telegram. After receiving a notification in the bot you can watch this signal on the indicator chart and make a decision about entering the position, now we will show examples of how to use:
The indicator shows the priority direction of the trend on the strategy 3h and 1h if it is currently in the short, then you should put short trades in priority strategies lesser Timeframe.
You get a message from the bot, for example, short 1h BTC, open the chart BTCUSDTPERP in TradingView and select the 1h BTCUSDT strategy in the indicator also make sure that you have the time frame on the chart is also 1h
This screenshot shows that the strategy has good dynamics (if the last signal 3-4tp) the previous here is also 4tp +, as well as on the RSI divergence on this timeframe, so decide to enter the position (also consider the general trend direction)
You can enter the position instantly with the single entry IF
1 - you see that the trend is strong
2 - no divergence on rebound
3 - indicator signals in one direction priority
4 - normal risk reward
You can split the entry into several parts or enter on a pullback IF
1 - trend is flat \ low volatility
2 - there are divergences on rebound
3 - negative Risk Reward (abnormal signal)
Put limit Take Profit on the closing of the position in the amount of 50% - 1 take. 25% - 2 take 15% - 3 take 10% - 4 take. After reaching first Take Profit move SL on the rest of the position to Breakeven.
Then we see on the chart that tp1 has been reached (we always recommend placing a limit order a few points closer to take profit) as well as next to appear a green cross against the trend direction (this is a function of the indicator "oscillator") in this case you should FULL CLOSE the position.
In this case you can also take a long position at small amount. By putting the SL behind the nearest resistance (you can use for this FIBO and Advanced indicator mode) to FIX profit can be on the nearest FIBO and trend line and part leave if signal reversal, in 95% the signal bounces after a combination of dynamic TP and Cross (oscillator) if he’s around.
If you see a cross from the trend line in the direction of the signal you can enter the position again with the best risk reward in this case used the reverse signal or the nearest FIBO resistance. After the price bounces off the Trend line, move the SL into the breakeven, ideally if the line falls in the direction of the price thus in most cases the price follows it. The same method of use with combinations "RSI" or "Boom Pro" - Entry into a position in the direction of the signal near the trend line in the presence of divergence on these indicators.
Trend-Line and RSI
In most cases, the trend line indicator shows the future price movement in advance, if you see a long signal but the line descends, then most likely the price will touch the trend line, in such a signal should be missed or search entry point from the trend line in the presence of divergences in the signal direction, on the screenshot example of such a signal line descends down + divergences on the two indicators.
If the signal long and line go up the stronger it rises, the stronger the possible growth, on the screenshot an example of a competed signal that reached 4tp + and the price went under the trend line but there was a lot of divergence and the line went strongly up, in this case you can enter the long position with the main target - trend line (in many cases the price goes well above the trend line) and use the opposite signal as SL or SL put for nearby support.
Additional method of use
- Add GGSHOT indicator twice
- Select "Standard mode" - first indicator
- Select "Advanced mode" - second indicator
- In "Advanced mode" - disable all options except orange trendline. This is a good indication to exit the current position based on the trend.
When the candles goes above the organge line, we will continue with the trend till it reaches the desired TPs. Once the candles broke the yellow line, wait for the bounce to re-enter the trades again or get ready for the SHORT.
Common Tips:
Do not enter signals with more than 10% of the deposit, the recommended deposit size is 3-5% in a trade with 10x leverage.
Do not hold more than 7 signals at the same time as well do not enter more than 5-7 signals per day.
On weekends the accuracy is lower than on weekdays, so trade more accurately on those days with a less % of the deposit in the trade.
If the medium-term priority is long, then use the short signals carefully, corrections are always, we use short signals only if the long signals have already reached a few TP (overheated signals) and shorts signals begin to come, just the first short signals are interesting but if the short signals are 2 days or more but the priority is still long, we do not take new short signals until 1h-3h does not reverse, also priority you can see by our analysis in PLAYERS CLUB.