It has built in BUY/SELL alerts that can be connected to Autoview for automated trading.
How it works?
No drama, no complicated numbers - you only need to set the Alert strength indicator value (5-50) and according to that you will get the kind of alerts you like most. Choosing higher quality alerts will result in smaller quantity of those while picking out just the best entry and exit points and removing less interesting ones. You can always experiment and see what suits your trading style best.
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I highly recommend using Heikin-Ashi candles because they filter out the noise, focus on average values and offer plain sight of the current short term trend.
Types of entries:
Dark green triangle - "Uptrend BUY" - Pretty sure entry on a pullback in an ongoing uptrend. But be careful - the longer the uptrend, the higher the chances of it breaking down. Be careful not to ride the uptrend too long and don’t enter it you notice that the trend is starting to flip to the downside too much.
Green triangle - "Regular BUY" - Good entry, just be careful not to enter too soon if you see a continued downtrend.
Bright green triangle - "Epic BUY" - Being epic doesn’t always make it the best possible entry. It just means that the coin is oversold on a few different indicators and it should at least make a small rise. It could continue to go down, but as I said, it should at least give you a small % gain just to get out of the oversold area.
Dark red triangle - "Regular SELL" - pretty straight forward. Your first exit point - take it or leave it.
Bright red triangle - "Epic SELL" - Overbought on a few indicators, making it a perfect exit point but it is up to your strategy if you take it or not. It can still go higher but it can also go lower. I got you in but you pick the exit that brings you home with good gains.
Blue X - "Panic SELL" - They can be annoying to watch on the chart but on the other hand can be a lifesaver. X marks the spot of a potential pullback. When you see them, you might want to watch the candles closely for any signs of breaking down and have your finger on the sell order. Sometimes a big dump can follow, sometimes it is a false alert and sometimes just a minor correction. How to know which might happen? Well, If we had a big hyperbolic uptrend, chances are we will see a hard steep fall from the top. If we were in a small uptrend, then the fall will probably be of a smaller magnitude. General rule - watch out for a potential pullback once you see those X signs.
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