How to read our signals
Standard signal consists of the following parts:
1) ⚖️ Trading pair. We trade BTC pairs at Binance spot and USDT pairs at Binance Futures
2) 🛒 “Enter” stands for recommended entry price. If there are two values split your full position size between them. In trending market emphasize more on first entry. In ranged market leave more for the second entry.
🚀 Sometimes we post “Enter above” or “Enter below” signals. These are breakout signals and they become valid only after price cross given value. No cross, no trade. For long signals stop loss should be place below breakout candle tail. Please note that these signals posses extra risk to get into bull/bear trap, so if you trade manually it makes sense to wait for breakout candle to close before entering. Although in this case you might miss entry at all. No universal advise here.
3) 🎯 “Sell” represents targets. For spot and long signals targets are higher. For short signals targets are lower than enter prices. Its up to you where to take profit and in what proportions. But since crypto is very volatile we recommend to fix profits by parts. Keep in mind that nearest targets have highest chances to be hit while last targets often require longer time and have smaller success rate.
4) 💩 “Stop” is your Stop Loss (SL) price. Cornix bot trigger SL once the price is hit. But for manual traders we recommend to wait for 4H candle close before closing position. For long trades, if price pierced through SL level with long wick, but then returned back and closed above it, it often leads to bounce and continuation in originally planned direction. This strategy often allows to avoid scam wicks. Most often even if price dump below SL it comes back to re-test that level on the next swing. So if you haven’t sold there average cost at the next support level and sell in profit at what previously was SL.
5) 🌪 Leverage – used for Futures calls only. We calculate leverage that way so that your loss would not exceed 13-20% from position. Considering that we dedicate only 5% of overall trade amount to each trade it takes 5-6 consequence lost trades to really hit the balance. This is why we usually have only 3-4 Futures trades open at the same time – for risk management measures.
6) 💼 Amount per Trade 5% – this is default value for all trades. You may use more but only if you decrease amount of simultaneously open trades. For 10% per trade, we recommend to have maximum 2 Futures trades open. Or only one trade if you use 20% of balance.
7)⭐️ One Click Follow ⭐️ & 👉 Follow Signal 👈 buttons are generated by Cornix bot. If you have Intermediate plan with auto-trading turned on there is no need to push these buttons as Cornix pick up every signal automatically.
Some signals have free text form without Cornix buttons. I post these for manual trades only in cases where I feel trade setup require your special attention and decision making. Or if entries are targeting those SL hunting wicks and therefore setting stop loss in advance makes no sense. Always use dollar cost average “ladder” of limit orders and let the price bounce (find local support/bottom) before setting stop loss. Dip buys give the best entry price, but doesn’t really work well with Cornix mechanics.
Cornix bot: settings, bugs, well known problems
First of all, Cornix has perfectly arranged official tutorial page that will answer most of your questions. How to set it up, settings and etc. This guide is about those uncertain moments I’ve been asked most often myself.
These are bot messages. I DO NOT post them myself, do not count profits/losses % manually and certainly do not fake them (as I was once accused). Bot post these messages automatically once signal’s price for TP/SL hit at exchange. For me Cornix is mostly informational tool – it automatically informs subscribers about signals progress. I also have my account connected to this bot in order to monitor how it works in auto-trading mode.
Bot “cancel” signals when TP hit before entry price. Once again and again I want to repeat that it is not me who post these messages. They are automated. If TP was close to entry, it doesn’t necessary mean that signal is not valid anymore. Price may swing between TP1 and entry zone for a while before growing higher so you may use same entry in most of the cases.
Reason hides in “Moving Target” trailing stop settings. Cornix menu has very good description about how each trailing stop setting works. I will not copy/paste it here to save some space. But in few words: Moving Target 1 moves stop to breakeven after 1st TP hit. Moving Target 2 moves stop to breakeven after 2nd target hit. For breakout signals better use second option, for pullback entries first. The further is your stop the higher volatility trade will survive.
Understand one thing. Moving target is an attempt to apply “trend following” strategy (moving stops behind higher lows / fractals). But Cornix is simple instrument, and can’t apply this strategy as it should be. If you want to earn maximum – let your coins move in the direction of trend until it stop you out. Let your profits grow and cut loses as early as possible. This is the only universal rule. There will never be any other. To avoid stop hunting wicks wait for candle close. In the end of hour situation might look different, from when you were panicking.
You may take a look at Cornix’s pricing here. Choose Beginner plan for 20$ if you want to choose followed trades manually. Choose Intermediate 27$ if you want auto-trading.
These two plans are the most popular.
Please limit yourself with 5-10 trades. I give signals every day so that new subscribers have something to trade.
For Cornix calculate 5-10% from amount in BTC/USDT you have and set it as limit per trade. When Cornix calculate these 5-10% it ends up with opening unlimited amount of trades where each next one is smaller than previous.
We have two types of entries – on pullback and on breakout. Pullback signals are in majority. If you receive a signal and entries are below current price it is not because price already pumped away. No. It is because it haven’t yet pulled back to your limit order which should be placed at given price zone and wait there patiently.
Are triggered only if price grow above/below certain price. In this case you set up conditional market order and wait. If price don’t get to that level, no trade. If it does, you are in. I use these signals in trending markets if I feel coin is close to breakout and won’t make another pullback.
Bad side of breakout trade is that it posses a chance to get into a bull/bear trap (depends on direction of trade). To avoid that you may wait till candle close (on given chart timeframe) and enter only if close above that breakout price. But in this case you often risk to miss the trade or enter it at even worse price than breakout.