Configure the Crypto Robot with any of the following settings to control technical signals which are automatically (or manually) traded with your synced broker.
You can choose to trade signals from any or all of the following cryptocurrencies:
You can toggle the settings to allow up to eight simultaneous trades.
Automatic & Manual Trading
You can switch between automatic or manually trading our signals.
Also adjust the “Stop Loss”, “Take Profit” and “Leverage Multiplier” at anytime.
You can target signals to be generated over one of three timeframes (Short, Medium and Long). This adjusts the historical timeframe that the technical indicators use to calculate a signal.
These are the available industry standard technical indicators:
- TREND – Trend trading is conducted through extensive technical analysis which includes the analysis of both chart patterns and technical indicators. When a trend is indicated, a trader is better able to forecast where the price is likely to move, and by how much it might move. However, determining trends through technical analysis is not the single indicator for future price movements. Things like risk management and trading psychology must be taken into consideration as well.
When trading cryptocurrencies, identifying the current trend in cryptocurrency markets is vital to consistently making profitable trades. There are multiple trends to be indicated, and they can be combined for predicting market trends. Some common trend indicators include a trend following indicator, trend confirmation indicator, an oversold/overbought indicator, and a profit taking indicator. It is often best to combine these indicators by using them in conjunction with one another for better forecasting possible trends.
- MACD – The Moving Average Convergence Divergence (MACD) Indicator is a top of the line trading indicator used in the technical analysis of various financial instruments including cryptocurrencies. The MACD indicator utilizes both trend following and momentum indicators by showing the relationship between two different price averages. It does this by calculating the longer moving average and subtracting it by the calculated shorter moving average. These moving averages oscillate above and below the zero line resulting in the converging, crossing, and diverging of moving averages.
Many traders will use the MACD indicator to determine when to enter or exit a trade when the MACD crosses the signal line. When the MACD rises above the zero line, it’s an indicator to buy, when the MACD falls below the zero line, it’s an indicator to sell. As well, traders can determine the end of a current trend when the cryptocurrency’s price diverges from the MACD. Also, when the MACD rises dramatically, this can be used to determine when the price of a cryptocurrency is overbought, resulting in a correction in price.
- CCI – The Commodity Channel Index (CCI) is a technical indicator used to spot trend changes in the market. Despite the name, the CCI indicator can be used in multiple markets, not just in commodities. The indicator works by comparing the current price to the average price over a determined period of time. The indicator can be positive or negative as the price fluctuates above or below the zero line. The CCI indicator was initially developed for long term trend changes, but can be used for a variety of time frames including monthly charts, weekly charts, hourly and even minute charts.
The CCI indicator can be used to determine whether a cryptocurrency is overbought / oversold or for recognizing a trend reversal. However, the CCI indicator should not be used solely on it’s own, but should rather be combined with other technical indicators or price analysis strategies.
- RSI – The Relative Strength Index (RSI) is an indicator that measures the speed and change of incremental price movements, while also determining when an asset is overbought or indeed oversold. The RSI oscillates between 0 and 100 and is considered overbought when it is higher than 70, and oversold when it is lower than 30. However, in strong trends, which are very common in cryptocurrencies, the RSI may remain overbought or oversold for long periods of time.
The RSI indicator can identify a general market trend and is a good indicator of when a trader should buy or sell a cryptocurrency. As well, the RSI indicator can even show support and resistance trend lines which are projected to the near future. Another thing the RSI indicates is a price reversal. This is indicated when the underlying prices make new highs or lows that are not confirmed by the RSI indicator.
The RSI indicator follows a simple formula:
RSI = 100 – [100 / (1+ Average of Upward Price Change / Average of Downward Price Change)]
- WILLIAMS – Williams Indicator, also referred to as Williams Percent Range (%R), is a momentum indicator which measures the overbought and oversold levels of a financial asset. These levels establish entry and exit points in the market, which in return maximizes a trader’s gains and minimizes their losses. The period in which this indicator is used is 14; being 14 weeks on a weekly chart and 14 hours on an hourly chart.
The indicator follows a straightforward calculation being:
%R = (Highest High – Closing Price) / (Highest High – Lowest Low) x -100
The Williams indicator oscillates from 0 to -100. When the indicator is between 0 to -20, this indicates that the market conditions are overbought. Readings between -80 and -100 indicates oversold market conditions. Williams indicator is very popular as it has a strong track record of signaling market reversals, determining overbought and oversold markets, and momentum confirmations.
- STOCH – The STOCH indicator, also known as the stochastic oscillator, is yet another momentum indicator, only this one compares the closing price of a cryptocurrency to it’s range of prices over a certain period of time. The theory behind this technical indicator is that in a market trending upwards, the price will close near the high each day, and for a market trending downwards, the price will close near the low each day. The period of time the STOCH indicator is calculated in is typically 14 days.
It is claimed that the STOCH indicator can be used to forecast reversals in the market when the indicator reveals a bullish or bearish divergence. As well, the STOCH indicator also plays a role in determining whether a cryptocurrency is overbought or oversold because the indicator is range bound. This range is from 0 to 100 and value of 20 or below typically indicate the oversold threshold, and a value of 80 or higher indicates the overbought threshold.
Choose from one of three money management methods to control your trade size:
- Classic – Beginners
- Martingale – Faster profits
- Fibonacci – Most accurate