❓Frequently Asked Questions (FAQ)

In this chapter, we have highlighted the most frequently asked questions that you might have regarding ERKEScan.

General Questions

What is ERKEScan?

ERKEScan is a powerful crypto screener designed for day traders. It provides real-time data, alerts, and customizable settings to help traders identify the best trading opportunities without constantly monitoring the markets.

How do I create an account on ERKEScan?

To create an account, visit erkescan.com and click the "Sign Up" button in the top right corner. You can sign up using your Google or Facebook account, or by entering your email and password. After signing up, select a plan and complete the payment process to access the dashboard.

What are the subscription plans available?

ERKEScan offers three subscription plans, all of which provide the same features and access. The plans differ only in price and payment options, which include credit/debit card payments via Stripe or cryptocurrency payments.

Technical Issues

How do I set up my profile on ERKEScan?

After creating an account and selecting a plan, you can set up your profile by accessing the dashboard. Customize your settings, choose your preferred parameters, and start using the screener according to your trading preferences.

How can I customize the data displayed on my dashboard?

Click the gear icon located at the top right corner under your profile icon. Select the specific parameters you want to monitor from over 35 personalized settings. After customizing, press the "X" button to close the settings window.

What should I do if I encounter issues with the Telegram bot alerts?

If the Telegram bot does not respond correctly, double-check that you have copied and pasted the bot passkey correctly. If issues persist, contact support at [e-mail].

Trading Strategies

How does the Open Interest (OI) metric help in trading?

OI measures the number of open futures or options contracts. High OI indicates strong market interest and potential for significant price moves, while low OI suggests limited trading activity. Analyzing OI alongside price and volume helps traders understand market sentiment and make informed decisions.

What is Vdelta and how is it used?

Vdelta represents the change in trading volume over a specific period. It helps identify spikes or drops in trading activity, signaling potential market movements. Traders use Vdelta to confirm price trends and identify trading opportunities.

How is volatility calculated in ERKEScan?

Volatility in ERKEScan is calculated by measuring the price fluctuations of an asset over a specific time frame, such as 15 minutes. This metric helps traders assess the risk and potential reward of trading a particular asset.

What are ticks and how are they significant?

Ticks represent the number of trades executed within a given period. High tick counts indicate increased trading activity and market engagement, while low tick counts suggest reduced activity. Ticks help traders understand market dynamics and identify active trading periods.

What is the funding rate and how can it be used in trading?

The funding rate is a periodic payment exchanged between long and short traders in a perpetual futures contract. It ensures that the contract price stays aligned with the spot price. Traders use the funding rate to gauge market sentiment, identify overleveraged markets, and find arbitrage opportunities.

How is correlation used in ERKEScan?

Correlation measures the relationship between the price movements of different assets. In ERKEScan, it helps traders understand how assets move together, aiding in diversification and risk management. Correlation data can reveal market trends and inform trading strategies.

Additional Resources

Where can I find more detailed explanations and examples?

Detailed explanations and practical examples are available in the ERKEScan documentation and user guide sections on the website. Additionally, case studies and success stories provide real-world insights into effective trading strategies.

How can I stay updated with new features and updates from ERKEScan?

Stay informed about new features and updates by subscribing to the ERKEScan newsletter, following their social media channels, and regularly checking the announcements on the website.

Risk Management

What risk management strategies should I use?

Always use proper risk management techniques, such as setting stop-loss orders and position sizing. Tools like lotsize.io can help calculate appropriate risk levels based on your account size. Effective risk management helps preserve capital in the volatile crypto market.

These FAQs cover the most common questions about using ERKEScan for crypto trading. For more detailed information and support, visit the ERKEScan website or contact their support team. Stay informed, trade wisely, and leverage the powerful tools ERKEScan offers to enhance your trading strategies.