Trading Signals Guide
How to Use Our Trading Signals:
A Step-By-Step Guide For New Users
This guide is designed to help you understand and utilize our trading signals effectively to make informed trading decisions. With our signals, you’ll be able to leverage market opportunities by following expert analysis and advice.
To ensure that you can utilize our signal service to its full potential, we strongly encourage you to read and understand all of the information on this page.
Trading signals are message alerts that suggest when and what to buy or sell in the financial markets.
Trading signals allow you to copy the trades of expert analysts without having to be an expert yourself. This way, you can benefit from their expertise without having to spend time and energy on market research and analysis.
Whenever our analysts spot an opportunity to trade, we announce it on the BullTraderz Elite Telegram channel. This is a private, members-only chatroom where our expert analysts share direct trade recommendations with the Elite community.
You can use our signals to either improve your trading strategies or directly replicate our trades on your own trading account to achieve similar results as ours.
Enter your details and we will send you an exclusive coupon for an immediate 30% OFF your first Elite trading signal subscription.
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3. Before You Begin:
To use our trading signals, you’ll need an active trading account. If you’re new to trading or don’t have an account, we can assist you in setting one up with a recommended broker to ensure you get the most out of our service.
Upon subscribing to Bulltraderz Elite, you’ll gain access to our exclusive VIP trading channel, where we post our daily trading signals and market insights.
Our signals will be delivered directly to the VIP trading channel, providing you with real-time trade ideas and opportunities.
Please ensure that notifications for the Elite channel are activated.
4. Quick Start Guide to Signals
A quick guide for new users
The process of trading with signals is designed to be simple and efficient, allowing you to take advantage of profitable trading opportunities without any hassle.
Step 1:
Subscribe for VIP Access
Upon joining Bulltraderz Elite, you’ll receive instant access to our exclusive VIP trading channel.
Step 2:
Follow The Activity
Each day, our analysts provide carefully selected trade ideas (signals) in the channel, except on days when the markets do not present clear opportunities.
Our signals are generated through in-depth fundamental and technical market analysis, pinpointing optimal BUY or SELL setups for you.
Each signal comes with all the necessary details: asset name, a snapshot of the setup, entry point, trade direction, Stop Loss level (SL), and multiple Take-Profit (TP) levels for effective risk and reward management.
Typically, our signals come with three distinct take-profit levels, designed to progressively secure gains and reduce exposure to risk.
Step 3:
Copy Our Trades
You can use our trade ideas to either improve your trading strategies or directly replicate our trades on your own trading account to achieve similar results as ours.
To copy our trades, simply open your trading account, search for the indicated asset, enter the trade size that fits your risk profile (use a lot size calculator for precision), enter the Stop-Loss and Take-Profit details we’ve shared, and execute the trade by clicking either BUY or SELL button.
Step 4:
Follow Trade Updates
Your trades are set to close automatically at the TP or SL level. We’ll inform you if any of our trades need to be modified or closed early.
Please keep reading. Below you’ll find a more in-depth guide that covers every aspect of trading with signals.
Support and Tutorials:
Our dedicated support team is available on all business days to address your questions and provide help, making sure you have the support you need as you trade.
Trading Account:
Before using our signals, it’s essential to set up a trading account. For those who are just starting out without an account, or for anyone aiming for the best results without the concern of exchange rate fluctuations, our team is ready to guide you through the process of setting up an account with our recommended broker.
Beyond the Basics:
An In-Depth Guide to Trading With Signals
In this section, we’ll move beyond the quick start information and delve into the nitty-gritty details that can transform informed decisions into a robust trading methodology. This will help you expand your knowledge, refine your skills, and gain a comprehensive understanding of how to use trading signals with precision and confidence.
1. Signal Terminology
Learn Basic Trading Jargon
Before you dive into the exciting process of executing trades, it’s crucial to familiarize yourself with the lingo. Think of this as learning the basic steps of a dance – it will make the whole experience smoother and more enjoyable.
Let’s break down the terminology in a way that’s easy to digest, yet comprehensive enough to give you a firm grasp on the concepts you need to succeed.
Asset or Instrument
When you receive a trading signal, it will specify an asset (financial instrument) you’re being advised to trade, such as a currency pair (EUR/USD), a commodity (Gold), or other. Understanding the definition of an asset is important so that you know exactly what trade is being recommended in the signal.
Entry Point
The entry point in trading refers to the price at which a trade is initiated. In signal trading, this indicates the price at which we have entered a trade. Due to the short delay from the time we send the signal to when you act on it, your entry point may slightly differ from ours. This discrepancy is natural in the fast-moving markets, and while it sometimes benefits the trader, it can occasionally work against them. This is why it’s important to act quickly when you receive a signal.
Trade Direction
In trading, the direction refers to the type of position a trader takes: BUY (going long) if expecting a price increase, or SELL (going short) if anticipating a decline. Our signals will clearly state the intended trade direction, ensuring that you align with the forecasted market trend when you execute the trade.
SL (Stop Loss)
A stop-loss order is a tool used by traders to limit potential losses. It automatically closes a trade at a predetermined price if the market moves against you. In signal trading, the stop loss is set to prevent a bigger loss if the market goes against the predicted prediction.
TP (Take Profit)
A take-profit level is set to determine where a trade should be exited to secure profits. In the context of our signals, this is a price level that the market is expected to reach in the near future. Reaching this point suggests that the market has completed a predicted move.
Risk-Reward Ratio
The risk-reward ratio compares the potential risk with the expected profit of a trade. Understanding this concept helps you evaluate the potential effectiveness of a signal. Signals with higher risk-reward ratios imply a higher return for the amount of risk taken.
Pending Order
A pending order in trading is an instruction to buy or sell an asset at a predetermined price in the future. For our signals, when a pending order is advised, we’ll include the term “PENDING ORDER” in the message. If this text is not present, the trade should be executed immediately.
Pip
A pip is a unit of measurement used to express the change in value between two currencies. While we describe profit and loss targets in actual price, knowing what a pip is may be helpful when we refer to changes in the Forex market or if we discuss spreads and other cost-related aspects.
Position Size
Position size in trading determines the amount of capital invested in a single trade and is a key factor in risk management. Our signals do not recommend position sizes, it is up to each trader to calculate the appropriate size based on their own risk profile and account size.
Lot
In Forex trading, a lot size refers to a standardized number of currency units. It’s essential to understand lot sizes when calculating position sizes. While our signals don’t provide specific lot size recommendations, this knowledge is important for you to manage your trades effectively.
Leverage
Leverage in trading refers to the use of “borrowed” capital to increase the potential return on investment. While leverage doesn’t directly correlate with the signals provided, it ensures that you have sufficient margin to execute trades and maintain positions as advised. If you use leverage carefully and have a plan for managing risk, higher leverage can help you improve your trading results.
Early Closure
Signals may occasionally recommend an early closure of a trade if market conditions change significantly. Being prepared to act on such advice can help protect your investment from unexpected market turns or secure profits before a reversal occurs.
Trade Management and Modification
As market conditions change, we may suggest adjustments to your open trades, such as modifying stop-loss or take-profit levels. Acting on these updates can be critical for optimizing your trading strategy in real-time.
Broker
A broker is a company that provides a platform for executing trades and accessing the financial markets. It’s important to choose a broker that aligns with the signal service to ensure seamless trade execution. The choice of broker can impact the speed, cost, and efficiency of your trading activities.
Trading Platform
This is the software through which all trading activities are conducted. It’s where you’ll analyze markets, execute trades, and manage your positions. A reliable and user-friendly trading platform is important for effective trading, particularly when acting on signal advice. Your broker will provide you with a trading platform accessible through their website. Most brokers also offer mobile apps for trading on the go.
MetaTrader
MetaTrader is a popular type of trading platform preferred by most forex traders. MetaTrader is used for trading, analyzing financial markets, and using automated trading systems, known as Expert Advisors.
It’s important to understand that MetaTrader is not a broker, but rather a platform that connects to your brokerage account. The vast majority of forex brokers are compatible with MetaTrader. Many traders prefer MetaTrader due to its superior speed and advanced features. Compared to standard broker-provided platforms, MetaTrader offers enhanced functionality that can significantly improve trading efficiency.
2. Our Strategy
At Bulltraderz Elite, we emphasize that trading is not a fast track to wealth – it is a journey that demands consistency and patience. Success in trading doesn’t come overnight, it builds over time.
While you may experience immediate gains, it’s important to understand that trading involves cycles of winning and losing.
To achieve long-term profitability, you must maintain discipline, proper risk management, and a steady approach during both the winning and losing phases.
To fully benefit from our trading signals, we recommend using them for a minimum of three months. This duration will allow you to experience the advantages of our trading strategy and see the positive results over an extended period. We recommend executing all trades with all TP levels consistently to ensure the best performance.
Our Approach
Our strategy focuses on high risk-reward ratios (RR), meaning we aim to make more on our winners than we lose on our losers. On average, 40-50% of our trades may not hit the target, but this is offset by the fact that our successful trades aim to capture 2-3 times more profit than what we lose when a trade doesn’t go our way.
For example, let’s say you follow our signals, risking $20 of your capital on each trade. If out of 100 trades, 60 reach the stop-loss, and 40 hit the take-profit, here’s how the math works out:
Wins: 40 trades x $40 (2:1 RR) = +$1600
Losses: 60 trades x $20 = -$1200
Net result: $1600 – $1200 = +$400 net profit
Despite more trades ending up hitting Stop-Loss, the overall strategy remains profitable due to the higher returns on the successful ones.
Quality Over Quantity
We don’t rush into trades; we only act when the market presents opportunities that match our criteria. There will be busy days with lots of signals, and quiet days when we send a few or none – because for us, it’s all about taking the right trades, not just more trades.
Adapting Our Strategy to Your Trading Style
We recommend using our signals as we provide them for the best outcome. However, if you prefer to tailor our signals to fit your personal trading approach, that’s okay too. Just keep in mind that your results may differ from ours if you don’t follow our guidelines.
3. Dealing with Discrepancies
Accuracy is key in trading, and that’s why we encourage you to take a moment to double-check the chart snapshot that comes with each signal. Even though we’re careful, sometimes mistakes can happen due to the quick nature of trading.
Although these situations are rare, if you spot any errors or differences between the chart snapshot and the signal text, please let us know right away so we can fix them.
Additionally, please keep in mind that different brokers may show slightly different market prices. These small price differences can affect your trading results, potentially leading to missed trades or incorrect execution levels. To ensure you receive the full benefits of our signals, we advise trading with our recommended brokers. If you use other brokers, your results might not match up with ours.
4. Executing a Trade
Learn How & When To Open Trades Using Signals
Successfully trading with signals involves not just following the signal itself but also understanding how to navigate and manage your trading platform. This section will walk you through each step, ensuring you’re well-prepared to execute trades with confidence.
Understanding Your Trading Platform
Before placing any trades, it’s crucial to become familiar with the trading platform you’ll be using, whether it’s MetaTrader or a broker-specific platform. Here are the steps you need to take to prepare:
- Platform Access: Log in to your brokerage account with the credentials you registered with.
- Navigating the Client Portal: Get comfortable with navigating your broker’s client portal where you’ll manage your account, handle deposits and withdrawals, and access customer support.
Note: Some brokers may provide a personal account manager. This individual can offer guidance in familiarizing yourself with the features of the trading platform and assist you with various aspects of their services. Contact your broker to see if this option is available. - Navigating the Trading Platform: Learn to navigate your trading platform where you’ll monitor market prices, execute and manage your trades, and check your trading history.
- Locating Instruments: In MetaTrader, instruments can be found in the “Market Watch” section. Other platforms will have a similar feature, possibly under names like ‘Instruments’, ‘Markets’, or ‘Symbols’.
- Executing Trades: Learn the process of placing Buy or Sell orders, which will include selecting the instrument, setting the volume, and choosing the trade direction.
- Setting TP and SL: Familiarize yourself with setting Take Profit and Stop Loss levels to manage risk.
Modifying Trades: Know how to modify your open trades, including adjusting TP and SL levels or closing the trades early.
Trade History: Understand where to find your trade history to review and evaluate your trading results.
Practice trading on a demo account to learn how the platform works and how to open, close, and manage trades without risking your money. Contact us if you would like to set up a demo account with our recommended broker.
For MetaTrader Users:
If you’re using MetaTrader, you’ll need to locate your MetaTrader login and server details through your broker’s dashboard, as these often differ from your broker account credentials.
Note: Some brokers will send you your MetaTrader login details via email. If you can’t locate them, please contact your broker’s support team.
Linking MetaTrader to Your Broker:
Open MetaTrader and go to the ‘File’ or ‘Settings’ menu.
Press ‘New Account’.
Search for your broker.
Enter the details provided by your broker.
Choose the correct server from the list or input it manually if needed.
- Click ‘Sign In’.
Placing Trades Using Signals
1. Receive the Signal: Wait for a signal to be sent to our Telegram channel. The signal will contain information about the trade such as the asset name, entry point, trade direction, SL, and TP.
You should enter trades immediately after receiving them unless the signal says “PENDING ORDER” which is very rare for us.
IMPORTANT: When acting on trading signals, it’s important to execute trades immediately, unless the signal says “PENDING ORDER” which is very rare for us.
However, be aware that market conditions can change quickly. If you’re entering late and the price has shifted closer to the suggested Stop Loss (SL), this could provide a better entry point for you, but be careful and refrain from entering trades if the price is too close to the SL. Similarly, if the price is near the first Take Profit level (TP1), reevaluate the risk-reward and consider using subsequent TP levels for potential entries instead of TP1.
If you are not sure if the signal is still valid, please contact our team on Telegram.
2. Open the Trading Platform: Log in to MetaTrader or your broker’s platform or app.
3. Locate the Instrument: Use the “Market Watch” window or the broker’s search function to find the asset.
4. New Order: Click on the asset and select ‘New Order’ or use a quick trade button if available.
5. Set Parameters:
- Enter the volume of your trade.
- If the signal says. “Pending Order”, change the order type from “Market Execution” to “Pending Order” and fill in the entry price.
- Fill in the ‘Stop Loss’ and ‘Take Profit’ fields with the levels given in the signal.
6. Review and Confirm: Double-check all the details to make sure they align with the signal.
7. Execute: Click ‘Buy’ or ‘Sell’ to place the trade.
Monitoring Your Trades
Once your trade is live, you should:
- Track Performance: Monitor the trade to see how it aligns with the expected outcome outlined in the signal.
- Make Adjustments When Necessary: Be prepared to make trade adjustments if market conditions change. We will inform you in case you need to make any changes to the open trades.
- Closing Trades Early: The trade will automatically close if the SL or TP level is hit. If the situation calls for it, you may manually close the trade. We will inform you about it in the Telegram Channel.
Additional Considerations
Risk Management: Always consider your risk tolerance and use proper position sizing to ensure that you are not overexposed on any single trade.
Frequent Review: Regularly check our Telegram channel and ensure that you have turned on channel notifications to stay on top of any updates or modifications to active signals.
Troubleshooting and Support
If you have any questions regarding our signal service, please contact our support team via Telegram. If you encounter issues or have questions regarding your trading platform, reach out to your broker’s customer support.
Kindly be aware that our support services do not extend to issues related to the operation of trading platforms.
Use the help resources provided by your platform to learn more about platform functionality.
Practice Makes Perfect
If you’re new, consider using a demo account to practice executing trades with our signals. It’s a risk-free way to familiarize yourself with the process.
5. Trade Management and Modifications
Learn How To Manage Open Trades
When trading with our signals, it’s important to keep an eye on our updates because the market doesn’t stand still, and neither do we. We might tell you to modify your trades or close them earlier than planned. This could be to secure some profits early or to minimize potential losses. Here’s a simple guide on how to manage and tweak your trades:
Stop-Loss Adjustments:
To minimize or eliminate the risk of our open trades, it’s important to adjust your stop-loss (SL) in response to market movements. Our SL modification strategy aims to protect your capital and optimize our results.
Here’s how it works:
Modification of all trades:
If we send a message with the text “Moving SL to Entry” or “Moving SL to Entry for all trades,” it is recommended to adjust the SL for all your active trades (TP1, TP2, and TP3) to match the entry price.
TP2 & TP3 Adjustment:
A message reading “Moving TP2 & TP3 SL to Entry” or simply “Moving SL to Entry” instructs you to update the SL for just the TP2 and TP3 level trades to match the initial entry price. This is assuming that the TP1 trade is closed.
TP3 Only Adjustment:
If we send a message with the text “Moving TP3 SL to Entry,” you should only modify the SL for the TP3 level trade to match the entry price. This is usually the case when TP1 and TP2 levels have been reached and those trades are closed.
Remember, we might occasionally adjust SL for just one or two of the open trades. Keep an eye on our messages to see which TP levels are mentioned.
Specific Adjustments:
If we send something like “Moving SL to 0.86960,” you’ll want to set your stop-loss to that number.
Here’s a practical example:
Let’s assume you entered a trade with these parameters:
SELL EURUSD @ 1.07494
SL: 1.07720
TP1: 1.07230
TP2: 1.07020
TP3: 1.06420
Later, you receive the instruction “Moving SL to Entry for all trades.”
What you’ll need to do is update the SL for each trade (TP1, TP2, TP3) to our initial entry price of 1.07494.
This means:
The SL for the TP1 trade should be changed from 1.07720 to 1.07494.
The SL for TP2 and TP3 also should be changed to 1.07494.
By doing this, you’re protecting your trades from a loss if the market reverses.
If you ever feel uncertain about making these adjustments or why they’re necessary, don’t hesitate to reach out to us for assistance.
Take-Profit Adjustments:
We may occasionally adjust Take-Profit (TP) levels closer to the entry point to increase the probability of catching profits or extend them to capitalize on a favorable trend.
We will tell you to change TP levels with messages such as “Move TP3 to 1.06100.” This means we recommend updating the TP for that trade to 1.06100.
Make sure to keep an eye on our messages for these changes, and modify your TP levels as we recommend.
Technical Issues:
If your platform gives you an error while modifying any of the trade levels, please ensure you are doing the correct modifications and if it is still not working, contact our support team.
6. Trade Closure
Learn How and When To Close Trades
As a part of managing your trades, it’s important to understand when trades will close on their own and when you need to step in and close them manually. Here’s a simple guide:
Automatic Closures:
Trades will automatically close when they hit either the Take-Profit (TP) or Stop-Loss (SL) levels that were set at the time you entered the trade. This process is handled by your trading platform and doesn’t require your intervention.
Take-Profit (TP):
If the price reaches the TP level, it’s good news; the trade will close, and you’ll secure your profits.
Stop-Loss (SL):
If the price hits the SL level, the trade will close to prevent further losses, protecting your capital.
Manual Closures:
Sometimes, we may decide to close trades early if we expect a price reversal. In such cases, you’ll need to act quickly and close the trades manually.
Closing Individual Trades:
If we send a message like “Closing TP1 now,” “Closing TP2 now,” or “Closing TP3 now,” you should manually close the specified trade immediately. This means we’ve spotted a reason to take profits or cut losses for that specific trade level.
Closing All Trades:
When you receive a message stating “Closing all trades now,” this means all trades that were opened with this signal should be closed regardless of their TP or SL levels.
Make sure to act on these messages quickly to ensure your trades reflect our most current strategy. Closing trades manually when instructed helps you to lock in profits or prevent potential losses.
Note: Always ensure that you are able to receive and act on these messages without delay. If you are not in a position to monitor these communications, consider using risk management tools or services that can execute these closures on your behalf.
7. Risk Management
Understanding risk management is crucial for successful trading. Risk management in trading involves identifying, assessing, and deciding how much risk you are willing to take on in your trades, and then taking steps to maintain that risk at an acceptable level.
The Importance of Risk Management
In trading just like in business, taking risks is necessary to be able to make money. With every investment, you’re risking some money to potentially earn more.
The key is not to shy away from risk but to manage it with skill and precision. Smart traders make informed decisions and weigh the potential benefits against the risks before each investment. Effective risk management is about making calculated choices and being fully aware of what can be gained or lost.
Recommended Risk Allocation
When engaging in trading, it’s crucial to understand the risk-reward ratio, which is the comparison between the potential loss of a trade (risk) and the potential profit (reward). For instance, a risk-reward ratio of 1:3 means that for every dollar risked, three dollars are expected as profit. This ratio guides traders on whether a trade is worth taking.
Here’s an example:
Let’s assume that you’re considering a trade that carries a potential loss (risk) of $100, but the potential profit for it is $300 (reward). In this scenario your risk-reward ratio would be 1:3. This approach encourages disciplined trading, ensuring that over time, the profitable trades offset the losses.
The idea of earning more can be very appealing, however, it’s not advisable to risk large portions of your trading capital on a single trade. The reason is simple: trading involves uncertainty, and losses are part of the process. You may encounter strings of losing trades, challenging days, or even weeks and months that don’t yield the expected returns. During slower periods, maintaining a sustainable strategy is key to longevity in trading.
We recommend risking a small percentage of your trading capital—between 0.5-3%—on any given trade. This strategy helps in preserving your capital during the slow phases. By not risking too much on single trades, you ensure that you have enough capital to continue trading, which is vital for recovering from drawdown periods.
Remember, the goal is to be consistent and patient, allowing the power of a favorable risk-reward ratio to compound your gains over time.
Managing Risk with Position Sizing
The most important way to manage risk is through position sizing. By adjusting the size of your position according to the level of risk you’re willing to take, you maintain control over how much of your trading capital is at stake.
Example of Position Sizing:
If your trading account has a balance of $10,000 and you decide to risk 2% on a trade:
2% of $10,000 = $200
This $200 is the maximum you can afford to lose on the trade.
Let’s say you’re trading oil with an entry price of $80 per barrel and your stop-loss (SL) is set at $78. This means you’re willing to risk $2 per barrel.
If your rule is to not lose more than $200 on any trade, you can calculate how much oil you can buy. With a $2 risk on each barrel, you can afford to buy 100 barrels.
If the price drops to $78 and triggers your stop-loss, you’ll exit the trade and lose $2 on each barrel, adding up to the $200 limit you set.
By choosing the right position size, you make sure you’re only risking 2% of your money.
Using a Lot Size Calculator
Calculating position size is easy with whole dollar amounts. However, it gets complicated with tiny fractions. For example, if you buy EUR/USD at 1.06656 and set your stop-loss at 1.06480, trying to work out the right amount to trade without a calculator can be tough and slow.
This is where a position size calculator (lot size calculator) becomes handy. It helps you to calculate the correct lot size for your trade based on your account size, the amount you’re willing to risk, and the distance to your stop-loss.
A lot size calculator ensures that you are not risking too much on a trade. Our lot size calculator is readily accessible on our website. Click the button below to use it:
Consistency in Risk Management
Maintain consistency in your risk levels. If you decide to risk 2% per trade, stick to that across all trades regardless of your results. This is required to maintain an even risk profile. Changing risk levels can result in inconsistent results.
Using Take-Profit (TP) Levels
When it comes to taking profits, we recommend using all of the TP levels provided. There are two approaches:
- Open a single trade: You could open one trade and then manually close parts of it at each TP level.
- Split the risk: Alternatively, divide your total risk across three separate trades, each with a TP level (TP1, TP2, TP3).
Important Note: We will not immediately update you each time a TP level is hit. So, if you prefer the first approach, it is important to set up market alerts for yourself to avoid missing any TP levels.
The Role of Stop-Loss Orders in Risk Management
A stop-loss order is an essential tool in your risk management strategy. Stop-loss automatically closes a trade at a pre-defined level of loss, which can prevent larger unexpected losses and help you manage the risk on each trade effectively. It is necessary to know your stop-loss level before entering any trades, otherwise, it won’t be possible to calculate position sizing.
Adjusting to Market Changes
Remember, the market is unpredictable. If a significant event happens or if there are unexpected market moves, you may need to adjust your trades quickly. This is where having a clear understanding of risk management and your own risk tolerance becomes vital.
Emotional Discipline
Risk management is not only about the numbers; it’s also about emotional discipline. Don’t let fear or greed drive your decisions. Stick to the risk management plan, and don’t deviate from your strategy based on emotions.
Reviewing Your Strategy
Regularly review your trading strategy and risk management rules. Markets evolve, and what worked yesterday may not work tomorrow. Be prepared to adapt and refine your approach as needed.
8. Trading with Multiple TP Levels
Each of our signals includes three profit targets (TPs). However, there may be instances when we send trades with more or fewer TP targets.
Profit targets are labeled as TP1, TP2, TP3, and so on.
Multiple profit targets help us gradually collect profit from open positions and reduce the overall risk with each target.
If you prefer a simpler trading system, you can choose to trade with only one profit target instead of all three. Statistically, TP2 tends to produce the best results. However, please note that this may cause your performance to differ from ours.
In this section, you will learn three different strategies you can use to trade with multiple Take-Profit levels.
1. Multiple Order System
(Recommended)
The multiple order system involves opening multiple trades on each signal. If a signal has three TP targets, you should open a separate position for each profit target and divide the risk among all three positions. For instance, if you plan to risk 1% of your balance per signal, you should open three trades with 0.33% risk each. If you plan to risk 3%, you should open three trades with 1% risk on each trade.
Please remember that with this method, you will have more trades. Although it may seem like you are trading more, you are not. So, if two signals close in a loss, you may see six lost trades in your trading platform, which may lead you to believe that the performance is poor. However, please remember that you should calculate results based on the number of signals you receive, not the number of trades you take on each signal.
Here’s an example of how the multiple-order system works:
When you receive a signal with three TP targets (TP1, TP2, TP3) and one Stop-Loss target (SL), you should open three trades on the same asset and divide the risk among all three positions.
So, if you normally risk 1% per trade, you should use 0.33% risk per trade, not 1%. If you normally risk 2% per trade, you should use 0.66% risk per trade, not 2%.
If you’re trading with $10,000 and 2% risk, it would look like this:
Signal:
BUY ABC/XYZ @ 1.000
SL: 0.999
TP1: 1.001
TP2: 1.002
TP3: 1.003
Trade 1:
Use the TP1 price (1.001) as your Take-Profit (TP) and the SL price (0.999) as your Stop-Loss (SL). The risk for this trade should be 0.66%, which is $66.
Trade 2:
Use the TP2 price (1.002) as your TP and the SL price (0.999) as your SL. The risk for this trade should be 0.66%, which is $66.
Trade 3:
Use the TP3 price (1.003) as your TP and the SL price (0.999) as your SL. The risk for this trade should be 0.66%, which is $66.
When we ask you to move the SL to the entry, you should set the SL to the entry price (1.000) for all positions unless we tell you to move the SL for a specific position.
If we send a signal with two profit targets, you should only open two positions and divide the risk between the two positions. With 1% risk, you should use 0.5% risk per position, and with 2% risk, you should use 1% risk per position, and so on.
2. Partial Closure System
The partial close system requires you to close a portion of your trade every time one of the TP levels is reached. Regardless of how many TP levels the signal contains, only one trade should be opened with the Take-Profit at TP3.
Whenever any of the TP levels are reached, you should close a portion of the trade and leave the rest of it running. It is recommended to close one-third (0.33%) of the trade when the market reaches the TP1 level, and another third of your trade when TP2 is reached, and let the rest close automatically when the TP3 level is reached.
If we instruct you to close the TP1/TP2/TP3 early, you should perform a partial close before the TP level is reached.
Here’s an example:
Let’s say you’re trading with $10,000 and you risk 2% of your balance per trade.
Signal:
BUY ABC/XYZ @ 1.000
SL: 0.999
TP1: 1.001
TP2: 1.002
TP3: 1.003
Let’s assume that with your risk management preferences, you can open a trade with 0.3 lot volume on this signal.
Once the signal comes, place a BUY trade on ABC/XYZ with a Stop-Loss (SL) at the SL price (0.999) and Take-Profit (TP) at the TP3 price (1.003).
Once the market hits the 1.001 level (TP1), close one-third (0.1 lot) of your position. You can close a bigger or smaller portion if you wish, but it is recommended to close 1/3 at each TP.
So, at 1.001, close 0.1 lot; at 1.002, close another 0.1 lot; and once the market hits the TP3 level, the remaining 0.1 lot will close automatically.
When we ask you to move SL to the entry, move SL to the entry price we provided (1.000).
3. Single TP System
The single TP system involves working with only one of the TP levels provided.
For instance, let’s assume you choose to work with only the TP2 level, as it tends to yield the best results based on historical data. In this case, you will only open one trade for each signal with a Stop-Loss (SL) at the SL price and Take-Profit (TP) at the desired TP price.
It is important to adjust the SL as recommended and close your trades early when we advise you to do so for TP2 trades.
Moreover, it is advisable to stick with one TP level (TP1, 2, or 3) and avoid changing it frequently, be it daily, weekly, or monthly.
To maximize your success with the single TP system, it’s important to manage your trades carefully and pay attention to the changing market conditions. You should regularly monitor your position and adjust your SL or exit the market entirely if necessary.
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Jump into our free Telegram channel. Here, we share a handful of trading signals each week, along with the latest market updates and some handy trading tips. We will also keep you posted on any BullTraderz news and special offers.
No matter if you’re our Elite member or just a follower, we recommend everyone to join the free channel for all-around updates.
Frequently Asked Questions
Answers To The Most Common Questions
You can contact us directly through our website's contact form, or you can reach out to us on Telegram for a more immediate response.
Anyone can start trading with us. Our services are tailored to be user-friendly and can easily be used by beginners. While having some prior knowledge can be advantageous, we have resources and guidance available for everyone.
In the free channel, we only share 1-3 signals weekly, serving as a sneak peek, educational hub, and info center for our users.
On the other hand, the Elite premium channel offers multiple signals daily, accompanied by premium support.
To copy all our trades and enjoy full benefits, you need an Elite membership.
Yes! Our signals can be used by both beginners and experts. By providing different perspectives, saving time on analysis, and highlighting potentially profitable trading opportunities, our signals help active traders make well-informed, better trading decisions.
No, we don't need to win every single one of our trades to be profitable.
At Bulltraderz, we focus on a high Risk-Reward approach. If a trade is profitable, the return is typically 3 times the risk. This means for every $1 at risk, the average potential gain is $3.
So, if out of 100 trades, 40 are profitable, the net gain would still be positive.
Here's why:
60 losses = -$60 (60*$1)
40 wins = +$120 (40*$3)
Total Profit/Loss = $120 - $60 = $60.
If you would risk $100 on each trade, the net profit after those 100 trades would be roughly $6000.
Even though majority of trades ended up losing, the net gain was still very much positive.
Signals are sent through Telegram messenger.
After subscribing, you'll join our exclusive Telegram group for all updates and signals.
Also, make sure to join our free channel to ensure you don’t miss any updates.
Signal frequency is influenced by market conditions. On average, we send out 3-5 signals daily. However, the numbers can vary. Some days we will send more signals, other days we will send less, and occasionally there will be days with no signals. We only trade when the market presents valid opportunities to trade.
Our primary focus is on quality rather than quantity.
Absolutely. Our signals are adaptable for both desktop and mobile platforms. In fact, mobile trading often proves to be more practical than using a laptop.
Yes! Signals not only provide direction on what to trade but also enable traders to trade regularly. They help traders learn proper risk management, discipline, and spot key levels, offering a practical approach to trading.
Yes, each signal comes with a screenshot that shows our key support and resistance levels and indicator readings as well as the entry, SL & TP levels.
Sharing signals is strictly forbidden and will result in service termination and a permanent ban.
Our team invests significant effort into ensuring quality services. If others wish to benefit from our signals, they should subscribe individually.
However, we offer offer special bonuses for those who refer friends or family to us. To learn more about our referral program, please contact us on telegram.
Yes, while we provide a general prediction, experienced users are free to adjust the signals to best fit their strategies.
Just ensure you possess the necessary trading skills to make these modifications.
Our signals are determined through a rigorous process that combines technical and fundamental analysis with constant market monitoring. We keep track of market changes, news events, and other crucial factors to deliver timely and relevant signals.
Yes, subscribers can cancel automatic payment collection anytime. If a subscriber cancels during the start/middle of their billing cycle, they will retain access to the group until the subscription period ends.
Certainly. For a detailed view of our signal performance, we can provide full reports upon request. If interested, please contact us on telegram.
Yes, our services are designed to be compatible with most brokers.
However, it's best to trade with our recommended broker. If clients use their own broker, exchange rate differences and a potential lack of assets might negatively affect their results.
For instance, quote differences can lead to different entry and exit points which can affect performance.
The amount of money needed to start trading primarily depends on your goals. A higher account balance will allow you to generate more significant profits.
It's important to understand that trading isn't a scheme to get rich quickly. For instance, while turning $100 into $10k in a short time would involve extreme risks, transforming $5k into $10k is a more realistic target.
The absolute minimum to start is $200
We do not recommend trading with less than $200 due to limitations in risk management.
Starting with a more substantial amount often yields optimal results, but ultimately, it all depends on your budget.
Currently, we don't offer free trials. However, we have a free telegram channel where you can receive occasional free signals. Users can also browse chat history to see our past trades on the channel.