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FAQ

What is the difference between daily, 4-Hour and 30-Minute signals?

  • 4-Hour signal is calculated on the 4-Hour closing time, and is sent immediately if there is a signal. It is medium-term signal.
  • Daily signal is calculated everyday, and is sent on about 8:15 AM UTC, so there are less daily signals compared to 4-hour signals.
    We suggest trading beginners following daily signals most time.
  • 30-Minute signals are for users with some trading experience, 30-minute signals can help you find the top and bottom.
    But 30-minute signals very frequently, you need to have the ability to make the decision to follow it or not.
  • You can think 4-hour Candlestick is used for 4-hour signals, and Daily Candlestick is used for Daily signals.

Which means buy and which means sell for MACD signals?

  • Bull means Buy, and Bear means Sell.
  • Please note MACD is not a mechanical trading system, though zero-line crossovers look good to be used for mechanical trading.
  • Signal-line signals are too frequent to be used for mechanical trading, but can be used to guess the top/bottom.

Why can we earn money with Turtle Trading Strategy?

  • Turtle Trading Strategy is a mechanical trading system, we can just follow the signals. But please note there are false signals in every strategy, it is possible to lose money. The reason we can earn money from this strategy is it can help capturing big uptrends, the money earning from big uptrends is much more than the money-losing from false signals. Only Daily signals are suggested to follow for trading beginners.

How turtleBC can help me make money in short-term trades?

  • For short-term trading, we have 30-minute and 4-hour signals. When a new market is added to Poloniex, if there is high trading volume for the new market, you can just follow the 30-minute signals for the first 7 days, most time there will be good profit.