10 min
Step 2 — Scan Trade Signals
Once we identify that the market is ready to trade, we want to trade the crypto assets that offer the highest probability of winning the trade and achieving the highest possible gains.
Therefore, we search for assets backed by technical indicators and the right chart setup. In this chapter, we will cover the technical indicators.
Automate the Signal Search with Crypto OS
Let’s start with the most important fact: Do not manually search for trade signals based on technical indicators. There are better ways to waste your time. Obviously, you can use Crypto OS for free to automate that process step and make it 100x more efficient.
Crypto OS analyzes over 200 crypto assets for up to 20 trade strategies. These strategies include basic indicator signals (e.g., MACD Crossovers) and complex strategies incorporating various indicators and chart aspects. Crypto OS calculates all signals in the 15-minute, 1-hour, 4-hour, daily, and weekly timeframes.
Therefore, you can simply visit Crypto OS and scan the current trade signals for your preferred timeframe.
Furthermore, every signal comes with profound backtest data, which makes it much easier to select the “right” signals.
Crypto OS Signal Examples
Here’s an example of the signal overview page:
And here are more details about a signal summary.
You can see even more details once you click on a signal, such as detailed backtest results or technical indicators.
What You Should Be Looking For?
In a first step, you should scan the Crypto OS signals according to three goals:
- Signals with a trade direction that fits the trend
- Signals with high or highest probability
- Signals with a profit potential that fits your strategy
These signals represent your first shortlist. You don’t even have to look at other signals.
In step two, you take a closer look at each signal you’ve identified in step:
- Check the details of the backtests information, especially in the target context of 2%, 5%, and 10%.
- Analyze technical indicators and check if they align with your trade.
In this step, you refine your shortlist and remove signals from it based on your assessment. This shortlist is your input for the third step.
Checklist & Material
Checklist
Found signals that fit to direction, potential, and probability? | |
Found signals that pass the detailed check? | |
Documentation completed? | |
Continue To Steps 2? |