Trading signals are now a mainstay in financial markets; and for good reason. For the majority of traders, consistently picking out high probability trade setups is the single most difficult thing to doing the financial markets. With trading signals, a trader is now provided with an alert or information on a potentially profitable trading opportunity in real-time.
- This removes the need for a trader to consistently analyse the markets and the price charts of assets.
- Trading signals are generated either manually or mechanically.
Manually, they are generated by experienced and profitable traders or analysts; while mechanically, they are produced by computer software that tracks and scrutinizes market price action based on coded algorithms.
Contrary to popular belief, signals benefit both new traders and the more established ones. With trading signals, new traders have the rare chance of making a profit, while also getting the opportunity to gain some insight as to how online trading works and what factors one needs to focus on in the markets.
- Experienced traders, on the hand, also have the opportunity of enhancing their profitability,while simultaneously advancing their trading knowledge, skills and techniques.
Algo Signals is a leading signals provider and this powerful mechanical trading service is integrated in to your trading account and automatically generates and executes high probability forex and cryptocurrency signals. It is no secret that Algo Signals has gained a great reputation among signal traders, but the question is, does it live up to hype?
Algo Signals – Trading Signals Software Review
Like the name suggests, Algo Signals is based on advanced algorithms that seek accurate trading signals that will enable traders to implement varied trading strategies under different market conditions.
Here we will review each parameter of Algo Signals and evaluate if it has the features and services that constitute it as a good and reliable trading signals service:
You are in online financial trading to make money; as a result, you should be signing up with a service that should, obviously, make you money .Algo Signals has a verified success rate of more than 75%, generating over 100 signals every day.
In a market where participants need a little over 60% success rate to maintain profitability, Algo Signals can make a lot of money for its subscribers.Past results are never indicative of future performance in the dynamic and fast-paced financial markets, but Algo Signals has integrated artificial intelligence that allows the system to maintain relevance in the different price action environments.
Additionally, traders have the option to view the performance of the software in real time, and risk free, by activating it in demo mode.
Number of Signals Provided and the Level of Detail
Algo Signals delivers over 100 signals on a daily basis. The signals are for both short and long-term trades. This is very important as no two traders are the same and each one has their own style and preferences. Some traders are risk-averse and only desire a few high probability signals per day; whereas there as some traders with a much higher appetite for risk who require multiple signals generated and executed in their trading accounts on a daily basis. Algo Signals caters for all types of traders.
All signals generated by Algo Signals are very detailed. By clicking on any signal generated, you can check out the logic of the trade.
- This is very important for all levels of traders. It helps traders get more in control of their trading activities, and also gives them the unique opportunity to build their trading knowledge, skills and techniques.
Algo Signals traders also get information on the amount of time left before any manual trading signal expires. This allows traders to trade systematically without the risk of being time-barred in the fast-paced financial markets.
Cost and Trial Offer
Today, traders can pay a fortune for any trading software that guarantees profitability in the market, even more for one that has a 75% success rate. But Algo Signals is absolutely free of charge.
Traders also get the chance to choose their preferred broker from a choice of well-established and highly reputable firms. All the brokerage firms that support Algo Signals allow users to use the software in demo mode, but with real market simulation. You can test and verify the real time performance of the software without putting a single dime on the line.
Automation and Platform Support
As stated above, Algo Signals offers access to a choice of reputable firms where the intuitive trading signals software works optimally. Algo Signals can also be automatically setup in VPN mode to ensure all signals are implemented with the best execution when traders select full automation. Traders have the flexibility to choose to manually trade the signals generated by Algo Signals or to allow the signals to be generated automatically.
As a trader, have you ever worried that the trading software you are using, can be hit by a period of drawdown? This is not unprecedented in the world of online financial trading.
Algo Signals has a ‘reverse trading’ feature, which if activated, will execute opposite trades of the signals generated. This can come in handy particularly when traders want to employ a hedging strategy to further minimize their risk exposure in the market.
It can also be useful when market conditions change drastically, like during the release of high impact data. Algo Signals has got you covered!
Live Data Streaming
Algo Signals has a live streaming widget that delivers the latest market data and news. This helps traders track the latest market changes and moves. This is vital as it allows traders to adjust their trade parameters in order to match the prevailing market conditions.
This adds another essential layer of customization to your trading process and ensures that your entire trading process remains as flexible as possible.
Algo Signals is a web-based trading robot. No download or installation is needed to keep it running. This has the obvious advantage of the software being more efficient, but it also allows for seamless trading across all types of devices. The responsive nature of the Algo Signals web interface means that traders can toggle between desktop and mobile platforms with ease and convenience.
Is Algo Signals a Scam?
The fact is, there are numerous scam signal services around, and it is important to verify that you are dealing with the right service that will help you meet your trading goals. Algo Signals has every quality of a reliable signals partner.
- It is an award-winning service and can only be used in conjunction with licensed brokers. This is the first sign of trustworthiness.
- Algo Signals also provides for maximum customization to enable traders to set their desired risk exposure levels.
- There is also the option to switch off the software as well as the option to try out different strategies in demo mode.
- These features are never available with scam software providers, where traders are virtually powerless once trading is already up and running.
You cannot lose your trading power at any given time with Algo Signals. By all observations, Algo Signals is reliable software that consistently generates top quality signals which can help traders greatly enhance their trading activities.
Is Algo-Signals for You?
It is not easy to meet the individual trading needs of varied traders in a high risk, high reward market, such as online financial assets trading. But Algo Signals does so impressively. From the opportunity to choose your favorite broker and setting your required trading parameters, to selecting your preferred assets and trading strategy, Algo Signals ensures that you are able to customize every little detail in your trading activities.
- Such high customization is augmented by its innovative trading features and excellent customer support. Reverse trading, seamless trading and live data streaming ensure you have every tool any profitable trader will need, in one central place.
- Should you ever encounter any problems, Algo Signals offers support 24/5 to address the issue.
The customer support team is very responsive and is available any time through live chat directly from their main site or on the software’s trading dashboard.
Algo Signals promises the ultimate trading experience where traders of all levels can not only boost their trading profits, but also enhance their knowledge and techniques.
Are you ready to thrive in the new world of algorithmic trading? Sign up at Algo Signals today and start reshaping your trading career.
Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on CoinRevolution and across the web.