FAQ
Is the Profit Finder Indicator automated trading or manual?
Currently, our product can only be used in manual mode. The trading algorithm broadcasts trades with key points to the Telegram channel, but executing them (opening trades and setting Stop Loss and Take Profit levels) needs to be done manually.
How frequently does your system generate signals?
Depending on the market conditions, our indicator generates approximately 180 - 300 signals per month. In the last 6 months, there were only 5 days when the system didn't generate any signals. The maximum number of signals given by the system within a day was 56.
Is it required to trade all signals (or their maximum quantity)?
No, it's not necessary and, in general, impossible in terms of risk management. All you need to do is consistently devote time to trading using our system and follow proper risk management.
What is the average accuracy of signals generated by your algorithm?
The percentage of profitable signals generated by our algorithm ranges from 80% to 87%.
What is the average duration of trades based on your signals?
In our Telegram channel, we provide signals based on various timeframes. As a result, the duration of trades for different signals can vary significantly. Generally, the time required to execute our trades ranges from 5 minutes to 72 hours.
Does your system only work with cryptocurrencies?
No, our trading algorithm provides signals not only for cryptocurrencies but also for the stock market and Forex exchange market.
On which cryptocurrency exchange can these signals be traded?
Our system generates signals based on data from the Binance exchange, but you can trade these signals on any cryptocurrency exchange.
Are your signals for the cryptocurrency market for spot or futures?
How long is a signal considered valid?
As long as TP1 has not been reached, the signal remains valid. However, you should understand that as the current price of the asset moves further away from the entry point towards the profit-taking zones, the risk-to-reward ratio deteriorates. Therefore, we recommend initiating trades solely within the price range indicated in the signal messages.
If I receive a signal in the opposite direction for the same asset while I have an open trade based on your signal, what should I do? Should I close the previous trade even if it hasn't reached its target yet?
You should immediately close the current trade and open a new one according to the more recent signal. Once you receive a counter-signal, the previous trade is considered no longer relevant.
I was unable to open a trade immediately after receiving the signal and the price of the asset has moved towards the Stop Loss without reaching TP1. Should I open a trade in such case?
Yes, in this case, your risk-to-reward ratio has improved, and with lower risks, you have the opportunity to achieve higher profits on this particular trade. Based on the system's six-month statistics, in 36% of cases, there is a minor local price pullback after a signal occurs, which enhances the risk-to-reward ratio. Therefore, a local retracement shouldn't be viewed as a potential 'disaster'. In the vast majority of cases, it's a pleasant 'bonus' from the market.
I wasn't able to enter the trade immediately after receiving the signal, but TP1 has already been reached. Can I open a trade at the current price levels of the asset aiming for TP2 and TP3?
You can open such trades at your discretion, but our team recommends refraining from such operations and waiting for the next signals.
Is there a comprehensive, step-by-step guide available that provides detailed instructions on how to execute trades based on your signals?
Yes, we have prepared a comprehensive step-by-step guide on how to execute trades based on our signals:
Can I re-enter trades that have already been closed?
No, the signal is valid only at a specific moment in time for a specific asset. Re-entering a trade is not allowed.
Can I close the entire position when TP1 is reached?
Yes, with this approach, you will spend less time managing each trade and reduce the commission fees you pay to the exchange for each executed order. However, the overall result in the long distance may be slightly lower.
In which scenarios is it better to close the trade at TP1, and when is it better to trade all TPs?
When the market is in a narrow range, we recommend closing trades upon reaching TP1. When market volatility increases, trading all 3 TPs is significantly more effective.
Do drawdowns occur in your system?
Certainly. Traders at any level of skill and experience encounter local drawdowns, as do all types of systems. In this context, our system is no exception. Drawdowns happen, but they are of a localized situational nature. With proper risk management, the system allows for significant profits in the long run. The nature of our system's operation is such that even a significant situational drawdown of the deposit can easily be recovered in a single successful trading day.
Should I conduct additional analysis before opening trades based on your signals?
Additional analysis is not mandatory, but its utilization can have a considerable positive impact on your earnings.
What assets does your algorithm work with?
You can find a list of all supported assets at this link
Do I need to pay anything to trade with your signals?
No, there is no need to pay anything. All signals generated by our trading algorithm are automatically transmitted to our Telegram channel on a free basis.
Can I purchase your indicator to use it on the TradingView platform?
No, currently the indicator on TradingView is only available to a small group of traders who are testing the algorithm on various assets and timeframes.
Can I join the group of traders who are testing the algorithm on the TradingView platform?
Certainly, you can join our group of traders who are testing the algorithm on the TrainingView platform. To get started, reach out to the channel administrator. If there are available spots for testing, we will provide you with access to our trading algorithm.
Where can I access the signal performance statistics for your signals?
You can find the up-to-date statistics on our signals here.
Yes, we have not restricted that option, and you are free to share the signals from our Telegram channel.
If I have additional questions about the system's functioning not addressed in your articles, who should I contact?
We have tried to provide all the necessary information for using the system in our articles. However, if you have additional questions, please contact the administrator of our Telegram channel.
Where should I send feedback about the performance of your algorithm?
You can send your feedback to us at Profit Finder Indicator.