If you're reading this without getting accustomed with the terminal or reading part 1.. just go here. This is part 2 for a reason, you need to absorb everything we teach you (that includes part 1), otherwise, you'll be one of the many who fail and blame the product. In reality, you just didn't listen. It's that simple.
I don't know how many times I have to repeat myself; We use Aurox EVERY Day to make money! We spent over a year developing our idea, our indicators, our platform... and originally it was only for our own use. I mean if you had paid attention to the indicators, Bitcoin is up over $3k since our last signal trigger. So you can see why we were keeping it for ourselves:
But honestly, your failure is our fault. Because we haven't taught you how to use open interval triggers/signals and lower intervals.. at least until now. So. Pay. Attention.
oh ya, if you haven't joined our Telegram, click here. You'll need to. We will go over how important signals are in the next few lessons.
Before I even begin, you need to keep in mind that news is a huge driving force of cryptocurrency, especially Bitcoin. You should already know this, it's not anything new. It's the case with crypto, it's the case with stocks. Keep that in mind when taking action on open triggers.
When I refer to open triggers, I'm referring to Aurox indicator signals on intervals that are still open. For example, if we see a green arrow underneath today's daily candle, that is an open long trigger. Today hasn't closed, so the trigger is open.
Now, if we have an open trigger and the news everywhere is bullish, chances are the trigger is accurate. If the trigger happens when bad news comes out, maybe we should wait until the candle closes. Simple. But that's not the only way to interpret open triggers.
Remember: We are only looking at higher intervals such as Daily and Weekly (and everything in between) in the examples below.
Open Signal Triggers
So how do we make sure we don't lose money on open triggers?
Well first, we need to understand how they form. As discussed before, Aurox indicator takes into account multiple different data points and algorithms. It waits until the right time to trigger an alert. Imagine a bar graph composed of different data points, each one trying to hit a maximum of 20. When all of them are "full" (or have reached 20), the indicator triggers on the chart. For example:
In a case like the above, it would trigger the indicator. But let's say after they have all hit 20 one of them dropped back down below 20. The indicator would revert because not all of the data points have filled their requirements. Like so:
But 9 out of 10 times, when a trigger happens then reverts, it will trigger on the next candle. Why? Because every other data point has hit their requirements and only one of them has dropped just slightly. The majority of the time the data point will fall in line again and the indicator will reappear.
This might be a bit confusing, but read over it again, and understand it. In general, all it means is if we see a trigger happen on a candle that is open, Pay Attention.
This is why our Signals in our Telegram channel are based on DAILY open triggers. They notify you before the candle closes on the DAILY interval. It's extremely important to pay attention to these signals (again, join our telegram).
If we get a signal in the telegram group, it might disappear a few hours later on the chart. So if we just look at the chart, it might not show that 2-3 hours ago a green arrow appeared briefly. Therefore, we'll be missing a key piece of information!
Let's go back to the original question, how do we make sure we don't take the wrong open trigger calls? Considering it's not 100%?
This goes back to the first article, and the articles that will follow this one.
Let's say we notice a signal trigger in the telegram group for a long (remember the telegram signals happen on the daily interval). We're not sure whether the trigger will remain, or revert. The first thing we need to look into is whether the higher intervals have triggered the same directional movement. If we look at the weekly and 2 weeks ago it triggered a downward red arrow, we need to be extremely cautious. If on the other hand, 2 weeks ago, the trigger was an upward green arrow, then we can think about taking the order.
But again, I said, "think about taking an order". I didn't say "take the order 100%!". There is still a bit more to it than blindly following the indicator. We'll get to the rest in a bit.
The screenshot I showed a bit ago is the perfect example of this. We saw the green arrow signal trigger in our telegram group on November 4th. If we had checked, the last time a weekly candle triggered was also green several weeks before that. Based on what I explained above, we should have probably thought about taking that trigger. IF we had, we would be up ~15%. Now, how do we confirm it 100%? Well, we'll go over that in the next article.
In this article, we learned how to utilize open signal/trigger calls from both the chart and the telegram group. It's not the most complex thing;
Soon as we see a trigger, we pay attention.
We then compare the trigger direction with the higher intervals.
If the higher interval shows green and the trigger is green, we can think about going long. Or vice versa.
If an open trigger happens, and reverts, it will appear again very soon. (Most likely in the next candle)
That's it.. That's the second part and one step further into using Aurox to it's max potential.
and of course: