The Scot Signal Indicator is intended as a Scalping Resource. It was designed to work best on the ❗❗ 5 MINUTE CHART with Bitcoin ❗❗ / USD & USDT pairs.
🟡🔼🔽 Yellow Triangles : these are pre-signals. If the triangle is Pointing Down, then look for a possible Short to come, and vice-versa for Upward facing triangles will go Long.
* Be careful, this is a Canary in the Coal Mine, but not the full signal. Going purely on the triangle as a signal could lead to fake-outs more frequently.
🟩 🟥 Green & Red Boxes : these are "Long" & "Short" signals where the indicator feels the time is safe to enter a trade.
❗ EXITING THE TRADE ❗ : this is a scalping indicator, specifically meant for entering trades, NOT EXITING them. An ideal scalp is $100 - $200 Bitcoin move. Though, we run bots using this indicator, taking scalps as little as $60, performing up to 8 trades a day.
@TV_15min, Hi TV, this depends, MAKE SURE you are using this on the 5 minute chart for BTC or ETH only. The model was specifically made for BTC, but still works well for ETH. ALSO, we just added to it, so that it works extremely well for Apple (AAPL) swing trade, Specifically made to work on the 2 hour chart (results worsen the higher or lower times you use for the chart)
When several of us run a bot we do go conservative $150, though several of us do set it to $250. The statistical breakdown below is based on a $150 Stop-Loss; this produced 16 winning signals, and 8 losing signal for a 5 day work week. And we start setting Stop-Losses above entry starting at $75 profit, where we put our Stop-Loss $25-40 in profit. Then we adjust the Stop-Loss up as profit gains.
When several of us are actively using the indicator with no bot, we do a $300 Stop-Loss. If we are lower leverage and the week has been successful, we do $550-600
A GOOD STRATEGY IS THIS : generally losses seem to come in clumps like 2 or 3 in a short time, where successful signals are usually 5-7 hour between occurring. so if you look back on the work week starting Monday at 12am EST (ending 11:59 EST Friday), count the losses. The closer loses that have already occurred gets to 8, it increases the likelihood of the rest of the week's signals being successful. We have had the probability go as high as 73% for ending week signals
VirlVideo
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For MONDAY JULY 18th - FRIDAY JULY 22 - ❗ The Indicator Produced the EXACT SAME Win/Loss ratio week 2 as it did week 1 ❗- producing $15 more profit than week 1
📅 Week 2 Statistics 🖥️ for The Scot Signal Indicator :
📡 24 Signals Produced
💵 16 Profitable Signals: $ 2,895 Total
❌ 8 Losing Signals: $ 1,325 Total
🧾 Trading Fees: $ 400 Total
Profit Earned for 5-day Work Week 💸 : $1,570 💸
*based on trading 1.0 BTC per Signal
VirlVideo
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@VirlVideo, 📋The Stats did not remove the Trading Fees ($400) from the Total Profit. We apologize for the clerical error, this makes the number $1,170.
VirlVideo
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📅 Week 1 Statistics 🖥️ for The Scot Signal Indicator :