Step-by-step guide how to use Profit Finder Indicator signals in the futures market

• Step 1: Receiving the signal in the Telegram channel
• Step 2: Selecting the margin mode
• Step 3: Adjusting the leverage level
• Step 4: Initiating a trade in the appropriate direction
• Step 5: Setting profit targets in the trade
• Step 6: Setting a stop-loss order for the trade
• Step 7: Moving the trade to breakeven
• Step 8: Canceling irrelevant orders after completing the trade
• Trading with a single target
• The conclusion

Step 1: Receiving the signal in the Telegram channel

1. In this case, the signal suggests to open a BTC/USDT trade.
2. You need to find a link to the exchange on the signal message, where you trade (in this example, we traded this signal on the Binance exchange). Click on it and you will be directed straight to the page with the desired asset on the exchange.

Step 2: Selecting the margin mode

As indicated in the screenshot above, the current margin mode for the selected asset is set to Cross. We recommend trading with our indicator's signals in this mode.

To configure the cross-margin type, open the appropriate menu, select Cross and click on Confirm.

Step 3: Adjusting the leverage level

As indicated in the signal message, the system specifies a maximum margin leverage of 25. You need to input this value in the parameters of your trade.

Click on the cell indicated by the arrow to open the leverage control menu

As indicated in the signal, Set the leverage value to 25 and click the Confirm button.

Step 4: Initiating a trade in the appropriate direction

Considering the signal message which indicates a maximum fund allocation of 5% for the trade and specifies the Long direction, you should:

1. Click on the Market option, which activates the order type that opens the trade at the current price of the asset (for more details, please refer to the instructional article)

2. Select the option to determine the volume involved in the trade in USDT

3. Then, you specify the trade size (5%) in USDT, as indicated in the message.

4. Afterwards, you should press the Buy/Long button which corresponds to the specified Long direction in the message. At this moment, the exchange opens a Long trade according to your settings.

After the trade is successfully initiated, you can find your open position along with its current crucial parameters in the Positions tab located at the bottom of the screen:

1. Asset Name
2. Trade Volume with leverage, calculated by multiplying the trade volume by the leverage size (for more details, please refer to the instructional article)
3. Entry Price
4. Current Asset Price
5. Liquidation Price (for more details, please refer to the instructional article)
6. Current Margin Ratio (for more details, please refer to the instructional article)
7. Funds Size participating in the current trade
8. Current trade performance in percentage and absolute terms

Step 5: Setting profit targets in the trade

Every signal message in our Telegram channel includes trade targets where it is recommended to lock in a portion of the profit (if you want, you can close the entire trade upon reaching target). Such a target is referred to as TP (Take Profit).

Next, you need to copy the value of TP1 directly from the message (or manually enter it on the exchange). This will be the first target for the trade.

Accordinly to the screenshot above, for successful setting the first target for the trade you should:

PLEASE NOTE THAT TO PROPERLY LOCK IN PROFITS, IT IS NECESSARY TO ACTIVATE THE "REDUCE ONLY" OPTION. OTHERWISE, IF THIS BUTTON IS NOT PRESSED, INSTEAD OF LOCKING IN PROFITS, YOU WILL BE OPENING A TRADE IN THE OPPOSITE DIRECTION!!!

By performing these actions, you will activate the first target of the trade. To display the first target of the trade on the price chart, you need to enable the "Display Setting" option. YOu can do this by clicking on the "Display Setting" button. Once done, the price level of the trade entry and the price level of the first target will be displayed on the chart.

Similarly, you can assign the second profit target (TP2) in the trade using the same process.

PLEASE NOTE THAT TO PROPERLY LOCK IN PROFITS, IT IS NECESSARY TO ACTIVATE THE "REDUCE ONLY" OPTION. OTHERWISE, IF THIS BUTTON IS NOT PRESSED, INSTEAD OF LOCKING IN PROFITS, YOU WILL BE OPENING A TRADE IN THE OPPOSITE DIRECTION!!!

When you assign the third final target in a similar manner, this time TP3 should close 100% of the position.

PLEASE NOTE THAT TO PROPERLY LOCK IN PROFITS, IT IS NECESSARY TO ACTIVATE THE "REDUCE ONLY" OPTION. OTHERWISE, IF THIS BUTTON IS NOT PRESSED, INSTEAD OF LOCKING IN PROFITS, YOU WILL BE OPENING A TRADE IN THE OPPOSITE DIRECTION!!!

When all targets are successfully set, they will be displayed on the chart in the following way:

Step 6: Setting a stop-loss order for the trade

In order to control the risks of your current trade and protect yourself in case the price moves against your expectations, you need to set a loss limit called Stop Loss. Each our signal message always includes the value of the Stop Loss.

To set a Stop Loss, you need to locate the corresponding trade at the bottom of the screen and click on the button indicated in the screenshot below. This will open the order management menu.

After pressing this button in the displayed menu, you need to find the Stop Loss field and paste (or enter manually) the stop loss value specified in the signal message. Then, click the Confirm button.

Once the Stop Loss is successfully set, it will be displayed on the chart of the traded asset along with the designated profit targets.

Additionally, besides being displayed on the chart, all the key points of the trade (targets and stop loss) will be displayed at the bottom of the screen in the Open Orders tab.

Step 7: Moving the trade to breakeven

After the asset price reaches the first target (TP1), the corresponding price line on the chart will disappear, and the amount of funds involved in the trade will be reduced by the previously specified 1/3 of the volume.

In the screenshot above, you can see that the TP1 line has disappeared as the asset price has reached the first target, while the TP2 and TP3 lines are still not reached. Moreover, the trade volume has been reduced from 750 USDT to 503.08 USDT.

After reaching the first target, to avoid potential loss in the current trade if the asset price is unable to reach the remaining targets, we recommend moving your Stop loss to breakeven (place the stop at the price level at which you opened the trade).

For this, you need to access the order management menu:

In the menu, you need to enter the price in the "Stop Loss" field at which you opened the trade and then click the Confirm button.

By locking in the profit on the first target, you have effectively turned your trade into a breakeven state.

That means regardless of further developments, you have preserved the profit you have already gained in the current trade. Going forward, the price will either reach your next targets (providing you with additional income) or reach the stop price, at which point the trade will be fully closed at the entry price (you will be with the profit that was previously locked in when the first target was reached).

Step 8: Canceling irrelevant orders after completing the trade

As seen in the screenshot above, after reaching your first target and moving the stop to breakeven, the price of the asset started moving in the opposite direction and reached the stop zone, resulting in the automatic closure of the trade. The absence of an active trade can also be observed at the bottom of the screen in the Positions tab. As shown in the screenshot, there are currently no open positions.

However, despite the closed trade, the unrealized targets remain visible on the chart. Unfortunately, after the trade is automatically closed, the orders continue to remain active. If you will have another trade on the same asset, they trigger regardless of their relevance. To avoid such confusion, we recommend to close all irrelevant orders immediately after closing the trade. You can do this by clicking on the "X" on the orders or by clicking on the trash bin icon at the bottom of the screen.

If you have successfully deleted irrelevant orders after closing the trade, you will have an empty chart and an empty Open Orders tab, as shown in the screenshot below.

Trading with a single target

An alternative to multi-target trading (where you set 3 targets and reduce the trading volume by 1/3) you can trade with only one target (usually TP1)

In this case, after opening the trade, you should access the order management menu:

In the opened menu, you should copy the price values from the signal message (or enter them manually) that correspond to the fields for Stop Loss and Take Profit.

In the Stop Loss field, you should input the value that was mentioned in the signal message as the Stop. In the Take Profit field, you input the value that was mentioned in the signal message as TP1. Then you need to click the Confirm button.

Unlike the previous method of dealing with targets, in this case, you have only two possible outcomes: the trade will automatically close with a profit or it will automatically close with a loss. You don't need to track the asset's price reaching the first target and adjusting the stop to breakeven. Additionally, you don't need to cancel irrelevant orders after closing the trade. This approach to targets is much simpler. However, on the other hand, your potential profits will be lower.

The conclusion

If you have never traded before, the described system may seem quite complex. However, in practice, after working through 20-30 trades, this mechanism becomes familiar and simple. If you want to trade profitably, increase your income and keep your risks under control, we strongly recommend adhering to the strategy we have described. The more flawlessly you follow our signals, the more predictable and rewarding your results will be. Conversely, deviating from the strategy can lead to completely opposite outcomes.