Signal trading is a service on the Cryptorobotics platform that allows traders to follow the trading signals provided by professional analysts in just one or two clicks. This system automates the trading process, simplifies decision-making, and minimizes the risks of deposit drawdowns while maximizing profitability.
The service is designed to cater to both novice and experienced traders, offering a user-friendly interface and access to detailed analytics for each signal provider (channel).
How Does Signal Trading Work?
Signal trading on Cryptorobotics operates through a structured and straightforward workflow:
- Access the Platform
Log in to the Cryptorobotics terminal. Navigate to the “Algotrading” section and select “Signal Trading.” - Browse Available Channels
The platform will display a list of available channels (analysts) with performance statistics. Two tabs organize the information:- All Channels: Shows all available analysts and their trade metrics.
- My Channels: Displays the channels you are currently subscribed to.
- Select a Channel
For each channel, the following data is available:- Name and description of the channel.
- Subscriber count.
- Total number of signals and active signals.
- Percentage of successful signals.
- Average monthly profit.
- Average profit per signal.
- Subscription cost.
- You can view detailed statistics for a channel by clicking “View Statistics” or subscribe directly by selecting “Subscribe.”
Detailed Channel Statistics
Once subscribed, you gain access to an in-depth analysis of the channel’s performance. Key sections include:
- Signal Statistics
- Total number of signals provided.
- Successful, unsuccessful, and active signals.
- Target achievement rates (e.g., T1, T2, T3).
- Analysts often provide multiple profit targets (e.g., T1 = 5%, T2 = 10%). The platform visualizes the percentage of targets achieved, enabling traders to assess potential risks and rewards.
- Profitability Dynamics
A chart shows the historical profitability of the channel, reflecting the average performance of signals over time. - Signal Frequency
This section highlights how often signals are generated, providing insights into the activity level of the channel.
Trading on Signals
When you choose a signal to trade, follow these steps:
- Review Signal Details
Each signal includes:- Signal ID and trading pair.
- Recommended buy range (entry price).
- Profit-taking targets (T1, T2, etc.).
- Stop-loss level.
- Exchange recommendation.
- Analyst comments and a visual chart.
- Place an Order
Click “New Order” and configure the following parameters:- Exchange: Defaulted to the analyst’s recommendation but can be changed.
- Buy Price: Automatically set to the average value of the buy range; adjustable manually.
- Quantity: Define the trade amount.
- Sell Target: Select target levels (e.g., T1, T2).
- Stop Loss: Pre-set by the analyst but adjustable or deactivatable.
- For experienced traders, advanced options like “Candle Close” stop-loss are available. This ensures that stop-loss levels activate based on the closing price of a specific timeframe (e.g., 1h, 4h).
- Monitor and Manage Orders
- Active trades are listed in the “My Trades” tab, where you can view, modify, or close positions manually.
- Once a target is hit, profits are recorded, and the trade status updates to “Successfully Completed.”
Additional Features
- Signal History
Past signals are archived for review, showing the dynamics of target achievement and profitability. - My Channels Tab
This section lists all the channels you are currently or previously subscribed to. You can manage subscriptions, renew access, or navigate directly to the channel’s statistics.
Why Use Signal Trading on Cryptorobotics?
- Automation: Automates the trading process, saving time and effort.
- Risk Management: Provides clear stop-loss levels and target achievements for better decision-making.
- Transparency: Detailed performance statistics for each channel allow for informed choices.
- Accessibility: Simplifies trading for beginners while offering advanced features for experienced traders.
By integrating signal trading into your workflow, you can optimize your trading strategies and enhance your overall profitability.
Conclusion
Signal trading on Cryptorobotics is a powerful tool for traders seeking to simplify their trading processes while maximizing potential returns. With its user-friendly interface, comprehensive analytics, and automation capabilities, the platform is an excellent choice for anyone looking to enhance their trading efficiency. Start exploring signal trading today and take your trading to the next level!
