Using AutoTrade Pro Signals
AutoTrade Pro signals are one of ErkeScan's most powerful features, providing you with professional-grade trading opportunities backed by our advanced market analysis. This guide will help you understand how to interpret and effectively use these signals to improve your trading results.
What Are AutoTrade Pro Signals?
AutoTrade Pro signals are complete trading setups that identify high-probability trading opportunities across various cryptocurrency pairs. Unlike basic indicators or generic signals, our AutoTrade Pro signals provide comprehensive trade information including:
Precise entry points
Strategic stop-loss levels
Multiple take-profit targets
Signal strength ratings
Stop-loss and take-profit percentages
Each signal is generated through our proprietary algorithm that analyzes multiple data points including volume patterns, open interest changes, price action, whale activity and multiple other metrics and indicators.
Understanding Signal Components
Star Rating System
Every AutoTrade Pro signal includes a star rating from 1 to 5 stars that indicates the signal strength:
⭐ (1 Star): Basic signal with standard confirmation factors
⭐⭐ (2 Stars): Improved signal with stronger confirmation
⭐⭐⭐ (3 Stars): Solid signal with multiple confirmation factors
⭐⭐⭐⭐ (4 Stars): Strong signal with exceptional confirmation
⭐⭐⭐⭐⭐ (5 Stars): Highest quality signal with maximum confirmation
The star rating is primarily based on our proprietary Net Volume Flow (NVF) metric, which measures the strength of buying versus selling pressure. Higher star ratings indicate stronger underlying market conditions supporting the signal.
Signal Format Explained
Here's a breakdown of a typical AutoTrade Pro signal:
Asset Pair: The trading pair (BTC/USDT)
Direction: BUY or SELL
Star Rating: Signal strength (⭐⭐⭐⭐ = 4 stars)
Entry: The suggested price to enter the trade (63,250)
Stop-Loss: The recommended price to exit if the trade goes against you (62,100)
Take-Profit Levels: Multiple targets for taking profits, with percentages from entry (+2.0%, +4.0%, +6.2%)
How to Use AutoTrade Pro Signals
Step 1: Evaluate the Signal
Before taking any trade, assess the signal based on:
Star Rating: Higher-rated signals (3-5 stars) generally have better success rates
Current Market Conditions: Consider the overall market trend and volatility
Your Trading Strategy: Ensure the signal aligns with your personal trading approach
Risk Tolerance: Assess if the stop-loss percentage matches your comfort level
Portfolio Allocation: Determine if the trade fits within your portfolio management rules
Step 2: Plan Your Trade
Once you decide to take a signal, plan your execution:
Determine Position Size: Calculate your position size based on your risk management rules
Example: If you risk 2% of your portfolio per trade and your stop-loss is 1.8% away from entry, your position size would be approximately 1.1x your standard position
Set Entry Orders: Decide how to enter the position
Limit Order: Place a limit order at the exact entry price
Market Order: Enter immediately if the current price is close to the suggested entry
Scaled Entry: Split your entry into multiple orders around the suggested price
Prepare Stop-Loss: Always set your stop-loss order immediately after entering a position
Consider using a slightly wider stop-loss in volatile markets
Never trade without a stop-loss in place
Plan Take-Profit Strategy: Decide how you'll manage the take-profit levels
Standard Approach: Take partial profits at each target
Conservative Approach: Take more profit at earlier targets
Aggressive Approach: Take more profit at later targets
Trailing Approach: Use trailing stops after reaching initial targets
Step 3: Execute and Monitor
After entering the trade:
Set Alerts: Create price alerts for your stop-loss and take-profit levels
Monitor Key Metrics: Watch for changes in volume, open interest, and price action
Check for Updates: ErkeScan occasionally provides updates on active signals
Adjust If Necessary: Be prepared to modify your plan if market conditions change significantly
Step 4: Review and Learn
After the trade completes (either at stop-loss or take-profit):
Record Results: Document the outcome of the trade
Analyze Performance: Review what worked and what didn't
Identify Patterns: Look for patterns in which types of signals work best for you
Refine Your Approach: Adjust your signal usage strategy based on your findings
Advanced Signal Strategies
Combining Signals with Custom Alerts
Enhance signal effectiveness by creating custom alerts that confirm signal conditions:
Set volume alerts to confirm increasing participation
Monitor open interest changes to verify trend strength
Track whale activity in the same direction as the signal
Signal Strength Allocation Strategy
Adjust your position sizing based on signal strength:
⭐⭐⭐⭐⭐ (5 Stars): 100% of your standard position size
⭐⭐⭐⭐ (4 Stars): 80% of your standard position size
⭐⭐⭐ (3 Stars): 60% of your standard position size
⭐⭐ (2 Stars): 40% of your standard position size
⭐ (1 Star): 20% of your standard position size or skip
Market Condition Filtering
Adapt your signal usage based on broader market conditions:
Trending Markets: Take both long and short signals according to the trend
Ranging Markets: Focus on signals near support (longs) and resistance (shorts)
Highly Volatile Markets: Consider using wider stops and taking profit earlier
Low Volatility Markets: Expect slower moves toward targets and potentially tighter stops
Signal Performance Statistics
Based on historical data, AutoTrade Pro signals have demonstrated the following performance metrics:
5-Star Signals: ~70% success rate (reaching at least TP1)
4-Star Signals: ~65% success rate (reaching at least TP1)
3-Star Signals: ~59% success rate (reaching at least TP1)
2-Star Signals: ~54% success rate (reaching at least TP1)
1-Star Signals: ~50% success rate (reaching at least TP1)
Note: Past performance is not indicative of future results. All trading involves risk.
Common Questions About Signals
How many signals are typically sent per day?
The number of signals varies based on market conditions. On average, users receive:
up to 5 signals per day across all cryptocurrencies
What if I can't enter at the exact entry price?
If the price moves beyond the suggested entry:
For LONG signals: Consider entering if the price is within 0.5% above the entry
For SHORT signals: Consider entering if the price is within 0.5% below the entry
Always adjust your stop-loss and take-profit levels proportionally
Should I take every signal?
No, you should selectively take signals that:
Match your trading style and risk tolerance
Align with your market outlook
Fit within your portfolio management strategy
Have sufficient star ratings for your confidence level
How long are signals typically active?
Signal duration varies by market conditions:
Some signals may be resolved within hours
Others may remain active for several days
Market volatility can significantly impact signal duration
Next Steps
Now that you understand how to use AutoTrade Pro signals, explore these related sections:
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