Our best tips

Cornix robot :

We work with the most serious partners on the market and those who offer a full guarantee to their customers, such as Binance for the trading platform and Cornix for the robot.

Cornix is ​​a service that will automatically apply buy signals from CresusSignals and execute the exit strategies indicated in the signals. And this 24/24 7/7 in an efficient way and without “emotional bias”.

If you want to automate trading, subscribing to Cornix will add an additional cost ($19.99 per month or around 18 euros). Their Beginner offer is sufficient.

The Cornix subscription and configuration steps are described in our documentation “How to automate your trades using the Cornix trading robot?”

Spot trading

CresusSignals signals are suitable for Spot trading.

“Spot Trading” or “cash trading” refers to the immediate buying and selling of cryptocurrencies. In Spot Trading, the transaction is immediate and the price of the asset is the market price.

Spot trading is the opposite of futures trading, where traders agree to buy or sell assets at a predetermined price and date in the future. Spot trading is also different from options trading, where traders have the right to buy or sell assets at a specific price, but not the obligation to do so.

Spot trading is popular in the cryptocurrency market. It is often used by traders who want to take advantage of short-term price movements or hedge against market risk.

What percentage of your capital to allocate to each trade?

What percentage of your available capital you are willing to risk on a single trade is one of the first questions you should ask yourself when defining a cryptocurrency portfolio management strategy.

In the traditional financial world, there is a common rule that a trader should not risk more than 2% of his account on a single trade. This rule is suitable for long-term positions and on values ​​that are less volatile than crypto-currencies.

For simplicity, we will only compare two portfolio configurations here, but of course you can adjust the values ​​according to your wishes.

A portfolio with a maximum of 10 positions:

• You allocate to each new trade 10% of your capital

• This spreads the risk over 10 different cryptocurrencies

A portfolio with a maximum of 5 positions:

• You allocate to each new trade 20% of your capital

• The risk distribution is only done on 5 cryptocurrencies

• But your capital turnover will be much faster

You can find some testimonials and feedback from our users on our blog.

Trade on cryptocurrency pairs

Trading signals are for cryptocurrency pairs.

For example, a CHR/USDT signal means:

• Buy CHR cryptocurrency from its capital in USDT

• Then at the end of the trade, sell the CHR to buy back USDT.

USDT (Tether) is what is known as a “stable coin”; it is a cryptocurrency built to follow a value of the classic markets. In this case the US dollar for USDT. USDT has a price that is permanently equivalent to 1 dollar.

CresusSignals has chosen USDT as its base crypto-currency, because this allows when you sell your CHR position to bring your capital back to a much less volatile value: a safe haven, in this case USDT.

Note: transactions between crypto-currencies have much lower transaction fees than to traditional values, such as Euro or Dollar currencies. It is for this reason that the purchase of cryptocurrencies is done from another crypto stable coin.

The role of Take-Profit Targets: why some trades have only one target and others several

Profit targets are the most important part of your trading. It is not by your entries that you make a profit or a loss, it is at the time of your exits.

It is therefore fundamental to determine an appropriate profit objective for your trading, these are the targets.

A profit target is a predetermined price at which an investor will exit a position for a positive gain.

In some contexts, CresusSignals will send you signals with only one target level: once reached, you are therefore recommended to exit (sell your position).

In other more favorable contexts (based on a complete market analysis), CresusSignals will send you signals with several target levels.

It is possible for you to exit at an intermediate target level or follow the entire exit strategy.

In the latter case, we speak of “multiple Take profit levels”.

Take-Profit Target and Stop Target:

When the exit strategy includes several target levels, at each target reached a trailing stop-loss can be established.

For example, if the signal includes a target at a price corresponding to +7% compared to your purchase price associated with a trailing stop-loss of -3.5%

•The target price reached, the position will be kept until the trailing stop loss condition is reached

•This will trigger the sale if the price falls 3.5% from the maximum point reached

Whatever happens, once the target of +7% is reached, you are guaranteed to get a profit of 3.5% (7% – the stop-loss of -3.5%).
The successive targets therefore create ratchet effects which guarantee you a profit.

Tip: Binance Transaction Fees:

Binance is the largest crypto exchange in the world. It allows you to exchange, store, sell and buy many cryptocurrencies.

Like any platform, during each transaction carried out on the platform, Binance is remunerated by taking a small commission. However, this commission remains very low since it represents approximately 0.1% of the amount.

If you hold BNB, you can get a discount by using your BNB to pay trading fees. You can save 20-25% on your spot trading fees.

The trick is therefore to hold a bit of BNB from which your transaction fees will be taken.