BitMEX Signals – Where to get them, what to know – Version: 4.1.2 ( Last Update: 04/08/19)
The Best BitMEX Crypto Signals Providers
|Best Providers||Accuracy Rating|
|1. Yo Crypto||82.54%|
|2. Margin Whales||82.54%|
|4. Verified Margin Traders||63.71%|
|5. Margin Signals||41.04%|
Trading cryptocurrencies is not fun right now – you can only buy and hold – and hope it will get up, but what if everything you touch just tanks. For many people, BitMEX becomes teasing more and more to trade the financial market of cryptocurrency, as it offers the opportunity to reap some profits while the other holdings on regular exchanges are dropping. BitMEX is a trading platform, not an exchange in the way you might be familiar with, which makes an important difference. We wrote an article about BitMEX and its danger of high leveraging your trades, and want to stress that leveraged trading can zero your holdings in no time – especially if you don’t know what you are doing. So keep in mind every high leverage traded recommendation is a risk for your account, due to the well-known volatility of Bitcoin and crypto in general. The risks are obvious: Once your margin is eaten, the trade – in the worst case your account becomes liquidated. You need a trading plan, on when to enter and when to exit the markets to make money. If you are new to BitMEX and just playing with the thought to start over, please take some time to read our BitMEX Guide. BitMEX is heaven and hell in one – it can help you to stop the bleeding of your account value and it can cost you everything. Our selected providers will help you to make the first case happen: Growing your BTC holding while the world falls apart – ready for the next bull run!
BitMEX is a Hong Kong-based cryptocurrency derivatives trading platform that works as a real-time application for potential investors. It operates in many regions such as Japan, South Korea, and Europe, Russia. US Citizens are blocked by an IP ban from using the live platform (but can use a VPN via RDP like many users report – no guarantees given here). Its commission rates vary with each transaction. BitMEX is since 2014 in the game and was the first to launch a leveraged swap contract on cryptocurrencies. In other words, since there is no expiry (on the perpetual contract for Bitcoin ($XBT) ), one does not need to roll one’s position at a fixed point every time – only the future contracts run out.
Table of Contents
- BitMEX Signals
- General Informations about Trading on BitMEX
Finding the best BitMEX Signals
The first thing we found out pretty fast, is that there are near to no good BitMEX signal providers on the market. They are hard to find and way often an outright scam. We’ve thrown out the fishing rod and found a few ones you could trust. These are providers whose channels we are monitoring for a long time and can vouch for their seriousness. As we are subscribed to the regular crypto signal channels for months now, we can say these guys do a good job in general and if we have to trust anyone for a leveraged signal, then this groups would be our way to go. Not all of the listed groups have general trading channels, though – some of them formed out of other channels or are solely BitMEX-focused telegram channels. If you prefer Discord for BitMEX signals, we have this well-researched post for you. If you go with other BitMEX channels be very careful – there is scam beneath every corner. NEVER, like really NEVER, give someone your account credentials to trade your account. There is an API which enables you to let a provider trade your account without risking a robbery – way too many folks got scammed by an “I trade your account for you – guy” – don’t be that Jack!
No matter how excited you become to have found finally some reliable BitMEX signals, you should never, never, never use more than 10x leverage, even if a provider suggests it– as this can become a trading suicide pretty fast. As we rank our providers by their consistency rate, we even give out a High-Leverage Penalty if they exceed 10x. One thing you might have observed in trading is, that there is nothing like a “dead-sure signal” – things can change quickly – bad news comes in, the sentiment changes suddenly, and the best technical analysis won’t cover your back. Different to normal crypto trades is that you can’t just hold until the price recovers, especially not with leveraged positions, because the leverage works in both sides, so your equity can be eaten pretty fast if the price runs against your direction.
So whatever you trade, if you buy or if you sell, if you are bullish or bearish – you should always have a good stop-loss in place and use proper money management and calculate your risk-reward ratio. It is teasing to go all-in if you have a provider you can trust – but they will also fail from time to time – it is like that, no matter what and it is totally normal and OK – Money management is there to protect you from these cases. Personally, we would not exceed 1-5% of the total equity, you allocated for BitMEX. Remember: slow and steady wins the race and there are no overnight riches waiting for you.
Subscribe to our Telegram channel for a free test ride, as we often may share a signal by these providers
But now let’s go – here are the best Signal Providers for leveraged Crypto Trades
THE BITMEX SIGNAL REVIEWS
Our Hand-selected List Of BitMEX Trading Groups On Telegram
#1 Yo Crypto
~Provider of the Month | BitMEX and Altcoin Signals | Responsible Trader | Great Risk:Reward Ratio ~
I spent quite some time to observe the premium channel of Yo Crypto, a reader has recommended them for the great success he had with them. At first, I wanted to skip it for superficial reasons: a Guy Fawkes image as the logo, the only plan is a one-time fee – as you know we are not a fan of such things. I contacted them anyways for some chit-chat and to see if they appear legit, as we value our reader opinions and we like hybrid channels that offer regular signals as well as BitMEX ones. I was surprised to see my prejudice invalidated. Ronny, the admin, was very friendly and showed quite some knowledge, so I decided to take a look. I found a superb success rate with his Bitmex trades, as well as their altcoin signals. They don’t offer a bloated program of services – you pay one time and get great signals for BitMEX and general altcoins short-term and long-term, along with some Background education, simple as that. We first had this provider in our post about Crypto Signals but decided to move it here, as the emphasis was on Bitmex, we figured. Worked for us even in tricky times!
Their offer in a nutshell:
- Excellent Bitmex Signals
- Very accurate altcoin signals
- Long-term coin picks
The crypto trading signals by Yo Crypto have been excellent for us. Even if you do not want to make use of their Altcoin signals, they’d be still to your advantage. They always have a close eye to Bitcoin and its corny moves and adapt their strategy for altcoin trades. We received signals on XBT as well as altcoins on Bitmex. They often provided a lot of targets, so you can adjust with your risk appetite – we never went in longer than target three, but some will love this. The first three targets hat the best hit rate in our test. Don’t expect daily signals here – there are days with many signals and days with less. This is very responsible as the market dictates the trades, and this is the only right way to do it. If the markets are dull or moving in a weird way, it is better to stay out – however, newbies want to burn their fingers first, before they accept it. Yo Crypto is a good solution for those that like to go both ways: Bitmex and altcoin trading in general. We had a FANTASTIC success rate on each kind of signal and especially the Bitmex trades made us great profits. The signals have been so spot on, we can’t believe it at first – but the market did hit his targets very often super-precise. This indicates a deep knowledge of the markets. We felt very good guided by him, as he monitors everything happening around the corn and updates accordingly if, e.g. news appear which are not in our favor. You might not like that Yo Crypto does not provide the technical analysis with his trades, but we have been super happy with the consistent profits he was able to generate us. After testing his BitMEX signals for about a month, we decided to side with his targets and trade direction, if we see conflicting signals. A very honest person, not cocky or anything with magic fingers when it comes to picking the right trades.
And here is how the trade looks on the chart:
(Mind you how profitable such moves on altcoins like Ada are with Bitmex! This was a 58% profit move – it just dropped like a rock!)
The BitMEX signals by Yo Crypto have been impressive, he clearly has an edge on these markets. As you can see from the trade example Yo Crypto plays the safe card. Smaller targets, taking profits step by step – this is how it should be done. He just doesn’t go nuts, but basically locks in profits when they are there. In our test phase where we traded his signals, we had not stop-loss hit and locked in some nice profits. There have been also larger gains, than in this example but this is not about advertising to promise you heaven, but more to show you how responsible trading works. Yo Crypto does an excellent job with that. We have mentioned countless times how dangerous Bitmex can be – not being too greedy pays off! Be patient, follow his rules and the gains should come. And now – drumrolls check out the astonishing results, we checked them one by one, and they are real: see recent performance track record here.
Channel owner Ronny is pretty responsive and knows his stuff. While the channel does not offer a chat room for his customers, he usually replies within an hour (depending on the time zones obviously).
Behavior in critical situations:
Yo Crypto is obsessed with Bitcoin and observes it carefully to stop providing signals if they anticipate risky moves of corn. They also warned once it is better to get out of alts if you are in a trade short-term (if you don’t intend to hold it anyways, or do not want to get back in with a lower price). Very reliable in critical situations, prefers to play the safe card. He actively monitors the news and delivers trade updates to get out at breakeven if something happens that could affect the success of the current trade.
#2 Margin Whales
+++ Great Success Rate and Quality BitMEX Signals+++
~Insane Accuracy | BitMEX and Altcoin Signals | Great Risk:Reward~
Since quite a few months, I was a member of the free channel of Margin Whales. I liked the quality of their posts and already asked them if they want me to check their premium channel. Unlike, the most I got no very enthusiastic reply and we left it like that. It is OK for me and I value that, as I know good quality traders are often not very fond of marketing and not very good in promoting their stuff (hence other paid groups or coaching products like courses, etc. which are marketed very good, are often garbage or scam). However, sometime later, one of the channel owners of our other listed signal providers, asked me if I know these “Margin Whales” guys as they’d produce nice results. I contacted them again, and finally, I got a seat on their channel. Check with me, which quality & results the BitMEX trading group delivered.
Margin whales is a channel for leveraged trading signals for BitMEX and similar exchanges that allow margin Trading, but they also offer a second channel for Altcoin signals included in the Membership. Since its inception end of June ’18, they had quite a good series of success and might be a good addition in your signal provider arsenal. There is not much to tell about the story behind the channel, but this is sometimes not the worst to keep a clear view of the signals itself. Let’s review them.
Margin Whales are not spitting signals like a firework but are still quite frequent and active. I actually don’t like it if it gets too active – the amount of tradable assets on BitMEX is limited, and if you place e.g. shorts on multiple altcoin futures there, you are increasing your risk exponentially due to the dependence of Bitcoin moves. Margin Whales play the responsible card and you still get an average signal amount of around 20 signals a month. These are around 70% regular trades, 25% scalp trades and 5% so-called Whale Trades, where they play bigger moves.
If a signal setup fails, they detect it very fast and get out at breakeven quickly to avoid a stop-loss. I can say that they are very good in re-evaluating the market situation and take action proactively, something that is rare to find. They don’t just want to push signals to deliver, they seem to care for the signals published, which is a great attitude. Furthermore, I liked it that they kept an eye on the markets in general.
For example, if they are long with an altcoin future, they keep on monitoring the behavior of Bitcoin. If a bearish outlook forms, they are likely to close the altcoin long trade. As said, Margin Whales trade very actively. While you don’t get multiple trades per day, they treat each signal carefully and support you while it is running with directions according to their observations. The chosen risk:reward ratios are very reasonable (see trade example), something I really like to see.
With the active market monitoring, they are able to get out of the most failed setups at breakeven, which gives a warm and fluffy feeling, as every trader’s first job is to reduce risk and to protect capital. This is done very precisely with Margin Whales.
An area of improvement could be the signal reasoning: If you like to understand the signal given, by looking at their technical analysis, you’d need to ask for it as the signals itself are presented without further reasoning. This has been different in the past, if you scroll up the history, you can find great technical analysis, reasoning and expert tips on risk:reward and risk management – I’d love to see this again!
In this example from today you can see how they figured the recent drop of Bitcoin and closed their altcoin long position before that, switching their bias according to the market movements.
And here is how it played out on the charts:
Overall, the results have been pretty good. I want to imagine this service on an auto trader as one thing is a downside: if you enter a trade by Margin Whales, you should be around to receive the updates and act accordingly to reproduce the same results. Happily, it is possible to have custom alerts on Telegram for particular channels, so this would be a quick fix.
In December, we had 22 signals, where 12 have been closed in profit, 4 losers, 5 closed at breakeven, and one order has not been filled. Considering only the winners and the losers we have a juicy success rate of 75%, considering the trades closed at breakeven we are at 57.17%. The achieved profits have been in the range of 12 to 87% and the month closed with almost 500% profit, a figure which has been already exceeded by the time of writing for the current month January (we are currently at 580%), so we might close this month with even better numbers. The risk:reward ratio has been chosen wisely and the loss never exceeded 17% (maximum loss in December).
The fees of the paid group can be found on the lower side, so if one takes some of their trades, the monthly fee might be back in the pocket with some trades, though, of course, past results can’t speak about the future outcome.
So far, the signals have been very good and I don’t see much to put in here. But I recognized one or two times, where the signals have been posted and it was impossible to enter, as the market reacted too fast. Furthermore, I saw one time that an entry has not been really hit, it was ETH entry at 144, but the price hit only 143.7, so it is unlikely that the order has been filled. At
Mr. W, the support guy, was always around to help. Not much to ask though, as the instructions are very clear.
Margin Whales is definitely a good channel and deserves it to be in our BitMEX shortlist. The Risk/Reward was fine in 95% of the trades, here and there was a slip, but that’s ok. Many scalps but also some bigger trades have been found. There was one case where a trade has been celebrated as a
Please read the full review below:
#3 Cryptomedics Margin Channel
~BitMEX Margin Signals | Auto Trader | Trading Collective | Provider of the Month three times in a row ~
Cryptomedics is a well-known channel for special information nobody else has, as well as for great technical analysts. These guys definitely know what they are doing and have quite a big team to deliver some seriously good stuff. Their Elite channel was the only chance to get into their margin channel until now, but recently they opened it, along with their altcoin signals in a bundle for lower budgets. So besides the BitMEX signals, you also get their valuable altcoin signals as well. For their customers they have prepared documents and webinars ready to make sure no one does stuff on BitMEX, they do not understand. Very good level of education. The channel also comes often with general Bitcoin strategy updates – how to react to the recent ongoing things, how to be prepared for eventualities.
CryptoMedics is an exceptional channel and you cannot put their work into a simple shortlist review here. The key points are: the altcoin and BitMEX signals are very good. They have a team of traders acquired that do an outstanding job in overseeing the complete crypto landscape and putting the pieces together to select the best trades. All with a great risk-reward ratio and
Cryptomedics is a well-known channel for special information nobody else has, as well as for great technical analysts. These guys definitely know what they are doing and have quite a big team to deliver some seriously good stuff. Their Elite channel was the only chance to get into their margin channel until now, but recently they opened it, along with their altcoin signals in a bundle for lower budgets. So besides the BitMEX signals, you also get their valuable altcoin signals as well, which we reviewed in the paragraph above. For their customers they have prepared documents and webinars ready to make sure no one does stuff on BitMEX, they do not understand. Very good level of education, which is an important spot for Cryptomedics (SmartOptions wrote with CryptoMedics the BitMEX Guide in collaboration). The channel also comes often with general Bitcoin strategy updates – how to react to the recent ongoing things, how to be prepared for eventualities.
The trader team for leveraged trading has Jonas, Alexander, and Jakov in charge and these guys truly rock it with their signals. Also the head of education, Hendo, offer signals from time to time. Personally, I fancy the cold, rational trades by Jonas as my favorite. They offer pretty great margin calls with exact instructions of what to do and where to buy in. The entries come in a staggered manner but the ranges are often happily reasonable. They also trade alts on BitMEX, but honestly, it doesn’t matter, they just kill it there, no matter what they touch! They have a nice set of great traders in their stack, which will give you much more than just simply buy and sell signals. They offer the traders also very good education, taught along with the signals. Their trader XHB called the short when Bitcoin hit an all-time high, he even called it to go down to the 3k area where it is right now – and got banned from several groups for publicizing his opinion. He is your guy for long-term recommendations. Their trader Jonas is a fantastic day trader, a math guy that really knows his shit and is in the trading game for a very long time – way before Crypto was a thing for the masses. Jakov and Alexander are their newest addition to the team and they post very elaborate signals with a heavy emphasis on the education factor. Jakov is also in charge of live streams and live trades with the clients, hosts webinars and Twitch sessions. The signals are often updated while running as the traders seem to have stopped sleeping, giving you the best possible returns. GREAT stuff that makes me really rave about them!
The signals come with technical analysis and most often with an explained reasoning right after, also the trading style (like day trade or swing trade) is mentioned. Basically, they offer three kinds of signals:
- Swing Trades
- Planned Swing Trades
The third one of the three is all about pre-planned scenarios to play longer and bigger swings on BitMEX. You just allocate the funds, set the trades and forget about them – and one morning when you wake up and check your account – pling – trades are active and running nicely (my experience so far).
Furthermore, they developed a really good sheet on Google Docs which lets you calculate the sizing for each position to stay in line with perfect risk management. This, in conjunction, with being “SIGNAL PROVIDER OF THE MONTH” for the third time in a row makes Cryptomedics a solid choice.
The Signals Bot by CryptoMedics accepts now your API key andSecret for BitMEX and places the trades fully automatic for you.
And the outcome on the charts:
The results by CryptoMedics are doubtless good and if go carefully through their trades, you will find evidence that real pros are issuing the calls. In 95% of the cases you will find a great risk
You will also find that each of the trader team has its own signature moves, the trades have a DNA. They respect the BTC dependance mostly and if you look the March results, for example, you will notice they go for smaller gains on their Binance trades when their analyst team smells a big destructive move, which could hurt Altcoin trades. Better safe than sorry, that could be a motto of CryptoMedics, a channel that values capital protection more than like the most. Slower but safer growth, steady growth with a great hit rate – these are the results to expect from their Altcoin & BitMEX bundle. For the ELITE package, well early members have bought HOT, ZIL, BNB to name just three at dirt cheap prices…
Well, the support was one of the best we’ve seen in Telegram Crypto Land. Their chat rooms are pretty busy and their big and motivated team contributes to a great support service.
One of the team is always around and they are always willing to help. They are always laid back and relaxed and will give you their best advice for sure.
CryptoMedics is one of my all-time favorites. You might have figured that from writing. It is like this for a reason: I like if someone dares to do things in a different way and I value it if someone takes things seriously and therefore goes the extra mile, BEFORE recommending stuff to the public. Cryptomedics hired professional traders, that give very reasonable trade suggestions with great Risk:Reward and guidance on the way through the targets. I can#t say what fascinates me the most about Cryptomedics. I guess it is the professional way, the constant progress of the channel which makes it a completely different experience than the most you will find on Telegram. Great Calls, Great Education, A-Grade Support and Community Management, or the research that takes things deeply seriously – this is the mix I really like and value.
Their Bitmex, as well as their Binance Signals, are ultra successful, so they use it as a vehicle to grow your BTC stack over there, garnered with a few selected Gem buys here and there, which are mostly winners in the long run. If you want to signup for altcoin signals alone, I would consider a channel from the above. If you want to use the bear market for building a GREAT portfolio along with their fantastic and often updated gem list, the Elite membership is for you – these guys will get you prepared with the right altcoin portfolio for the next bull run.
For both, the BitMEX and the Altcoin channel, you will have months with smaller growth and – once the markets allow it again – months with very impressive growth. And this is a good thing, as it tells us that CryptoMedics cares about capital protection in the first place.
Find out more in the Full-Length Review:
#4 Verified Margin Traders
~ BitMEX Leverage Trading | Trading Group with excellent Trades | BitMEX Auto Trader ~
These guys astonished us with their precise work and a great network of traders and hand out valuable pieces of education to their subscribers. We reviewed the signals channels some time ago and are still suckers for the reliable service by the Dutch company. They started to run a separate channel for margin trades and cover BitMEX trades there. They hired two popular traders for this channel to provide daily signals (if the market allows): Crypto Twitter’s trading star CryptoCoffee and Tomas, who runs big crypto funds and is a well known in the blockchain scene. Cryptocoffee & Tomas now provide their excellent work to the Verified Crypto Group.
Tomas started with Crypto at the beginning of 2016. Mid 2017 he signed his first contract for trading with the capital of someone else and running a managed fund, purely on his results. Right now he has a big bunch of people under contract and trades not only for himself but a series of managed investments. Before all that Tomas studied politics and economics, He also started his own company that was focusing on giving out loans with interest and managing other people’s finances. Right now Tomas has a role by starting and developing the German Bitcoin political party with a former BTC contributor and developer Jörg Molt. Tomas will be adding BitMEX and BTC /Alt calls for VCG.
Buying and selling this virtual currency markets is risky, so you need signals with a good probability, as the market volatility can become high. As the name implies, you will also get a constant stream of cryptocurrency and Bitcoin news. Once BitMEX Signals have been only an add-on – but became the main profit gainer for the trading group. Crypto Coffee gives very elaborated technical signals. Her success rate proves her knowledge and especially in the last few months, their earning numbers grow more and more – a true dream team when it comes to BitMEX signals!
They have outstanding results: November alone gave a potential profit of over 1000% – and this is not an exception for them.
Special: VMT offers now an auto trading bot which can execute your trades on BitMEX. Furthermore, it is notable, that VMT is a registered company in the Netherlands and legally liable for their actions. This makes it extra secure for the customers as they are forced to act responsibly.
And here is how the trade looks on the chart:
The Results: The Verified Margin Traders are doing an outstanding job providing consistent results, which reflects in our Consistency Rank. The signal example above was a +250% example – a real killer signal and this was by far not the only one of that manner. Especially convenient is the trading bot if we set up and configured the bot right, we just had to click the “follow” button, which you can see below each signal. Automagically, all buy orders are placed in the account. Once activated it adds the sell orders. The beauty of it is that you can configure the stop loss to your likings, like trailing stops, stop at breakeven etc. – so you have really a good chance to make your way through all targets and gain the full growth potential without having to sit in front of the screen manually moving the stops. I run the auto trader of Verified Margin Trades on a test account and it runs perfectly so far. The setup and all the configuration options might be tricky for newbies, but you will get help and assistance. Auto trader test account is in good profit.
Support: Support is great – the traders interact in the chat and it is always someone there to reply to all of your questions. They offer a 24/7 chat support in the channel and on the live chat on their website.
#5 Margin Signals
~Swing Traders, Scalpers, Altcoin Buys, Forex and Auto Traders~
( added 05/2018 – Updated 04/2019)
BitMEX Auto Trader | One Target – One Stop Swings | Scalps | Altcoin Trades~
Margin Signals is very different to the average channel. Usually, you buy in steps and get out in steps. Margin signals are swing traders get in at one price get out another one – most often very wide ranges. Some might wonder about the below average accuracy rate. The Margin Signals strike rate was hovering between 60 to 70% in 2018 and for the triple-digit ROI you usually made with them, this is very well. The market dynamics have changed drastically since then. Robbo traded like Breakout – Pullback to Trendline – Enter – Stay in the Trend – Cash Out. The first quarter of ’19 didn’t behave like that at all. Instead, each pullback came with a breakdown and this has hurt his hit rate. But finally, they adapted to the situation – and boy these guys are back. Back with Jack.
Margin Signals offering is quite big, as it doesn’t stop at leveraged trade recommendations as the name suggests:
- Trading Signals für BitMEX (Auto Trader inclusive)
- Trading Signals for Altcoins (Auto Trader in Development)
- FX Signals
- Portfolio Analysis
- Personal support by the trader in a chatroom, where all the trades are accompanied by live directions.
- Accurate exit targets and an estimated risk level, depending on the trading style.
- Great Material to have all the needed knowledge to start out with Bitmex. Download their basic trade guidelines here as an example.
The Auto Trader
Margin Signals about their Auto Trader
What is Auto Trader?
Auto Trader is an API connection to your BitMEX account. From there, we have the access to trigger your account into any trades that get made by our Telegram channel.
All criteria are specific to that trade;
Amount of account balance at risk for the trade (10% max)
We can also trail the stop loss as the trade progresses
This isn’t some bot, that triggers entries based on a few indicators and scalps tiny profits or averages down your buy-in if the trade goes bad…. This is a fully customized system that will set your trade based on the individual trade set up. Fully managed end to end by our head trader.
Who does this suit…?
If you are on a different time zone, have heavy work commitments, not confident in your own trading skills or even just want an investment you can compound and come back to in a year or two. Our Auto Trader has it covered for you.
A game changer for the Trade Signal space, a first of its kind that we are aware of.
The auto trader is solid coding work and does quite well. Unlike Cornix and other bot solutions, it is a hands-free service, included fully in the membership fees. You just hand over your API details and the team handles the rest for you. Like any other auto trader, it shows some shortages in regards to slippage on illiquid trading pairs, like some altcoin futures, but the team comes up with a mathematical solution to solve the problem.
Yes, the market conditions have been fierce to channel admin Robbo’s trading style – and there have been tough months behind the subscribers. Additionally, to the fact that Robbo’s Swing Style trade is picking up again, their new trader Jack is doing very, very well.
Rob, the head trader behind Margin calls, comes from the forex world and has been a full-time trader for about four years in FX and two years in crypto. He mainly trades off pullbacks and reversals off key support or resistance points, as well as breakouts of strong continuation patterns. Robbo is Swing trader – this means one entry, one exit – holding this position for quite some time to reap the benefit of a full swing of the price. Jack provides scalps for BitMEX and Altcoins to the Margin Signals team and has offered an insane success rate so far.
Furthermore, I’d like to stress that Margin Signals have been one of the most transparent groups we’ve seen so far: They trade all their signals on a reference account and post screenshots about its increase or decline in value. They never made up a single digit and just post the results as they happen.
And here is the outcome on the chart:
If you ask me for the results, I have to ask for the timeframe. Especially the auto trader accounts are meant to run for the long-term, so like with every investment there might be spikes downwards. In our test month last year we had quite a few good trades here, out of 8 trades we took, 7 succeeded and one failed hard. This is common, as a 100% rate is very hard to achieve.
January to March has been a tough phase Margin Signals had to go through. As initially stated Robbo’s trading style didn’t work out well in the tight accumulation phase the charts were showing and the Auto Trader accounts that have been build up nicely in the year before were taking a hit. Margin Signals took action: They hired a new trader which provided excellent scalps and altcoin trades. This has pushed the accuracy rate, as March became a 100% success rate month.
We liked their transparent approach and taking the time to explain why that trade failed and how they roll with it. You mostly get a video explanation for most of the taken trades. The signals always contained a clear stop/loss for your risk management and have been live supported in the chatroom. I run the Margin Signals Auto Trader on a test account and it worked perfectly so far and completely hands-free without any hassle. What we like very much with this provider, that they have a clear track record of their results and tidily keep note of all their trades. Also, the altcoin trades for Binance and Bittrex have been a real killer so far.
They are really great with support and are always there in the chat room to support their members live – no matter if it is about getting out of a trade that turned against them or if the customers need emotional/psychological support. For that they have quite a big team, so most of the team an official is around. Margin Signals is providing the needed materials and explaining basic things of BitMEX. Rob and his partner
On the other hand, when things got heated, due to the lack of performance, the support didn’t keep it professional in 100% of the cases. Sure, every concern got addressed but we can improve here by taking a step back and cool off before replying. Don’t get me wrong – the support is top notch, and from a human kind of view I get the reactions, though some situations could have been solved with another kind of comments/actions. The Margin Signals Team is very friendly and very supportive, I want to definitely stress that, but to offer a frank review I have to mention this situations as well.
Well, the critique is quite obvious: We would’ve wished for a faster reaction when it became clear, that the trading style does not work anymore in the given conditions. We would’ve loved to stay a faster step back and faster implementation of the solution. Sure, this is not always possible like in the textbook, as after all you have to provide a service and you have to find a great trader to compensate your own work, this is kind of a big deal. Happily, the times of tight ranges appear to vanish again and Robbo’s great swing trades with juicy results and very wide targets might come again soon. If nothing else, the bad phase completed their service: We have might have ended now with great swings AND scalps.
Margin Signals provide a good signal service and the best thing is, it is progressing. In the past you’d have look at your Margin Signals subscription as a pure, hands-free investment solution. Set & Forget. Not much calls, but good swings, that will let your account grow nicely over time. Today, you get these scalps and Binance/Bittrex altcoin trades on top – and these with a very high success rate. Margin Signals were coming from a 60 to 70% success rate in 2018, while the first three months of 2019 let them drop to the low 40s. Now, the markets have turned and might spit some of these swing trades options for us soon and until that we have Jack in the pack, who came up with a 100% success rate in March. Margin Signals are here to stay for sure.
Removed Provider History:
- Cryptonizers (inactivity)
- BitMEX Lifestyle (inactivity)
- BitMEX Syndicate (copied trade setups)
How to use BitMEX Signals
Golden Rules when trading these Signals
This is a small BiMEX Signals 101 on how to not burn your account. Follow this rules to a T and you will have your account very long and prosper. I know, many people just join signal groups and go all in, in full trust, but this is not how to do it, this is the way to burn your account. Traders are never 100% right, 60-70% is great rate and these tested providers have shown this number consistently for a longer timeframe. But there will be losers – it is normal! Here are the rules for you to print and glue them on your desk.
- Allocate no more than 10% of your total equity for each trade.
- If the entries are even numbers, modify them to odd numbers
- Spread this 10 % for each signal 4% at entry, 3% more above, another 3% even more above for short order, 4% at entry, 3% below and another 3% if the price drops even more for a buy order.
- Take profit on targets, make targets odd numbers if even.
- Take 50% out on TP1 and move the stop-loss to break even. This way you book profits and make the trade risk-free at the same time. Take 10-20% on the targets after TP1 and leave some tiny % on the trade as you never know.
- Start with low leverage. Once Target 1 has been hit and you moved your stop loss to entry, you can go even 100x – it does not matter, as long as you have a stop market order in place (don’t use stop-limit)
- There are no “safe trades”. Treat each trade like that. Safety can only come from how you handle your account by your money management.
How to use leverage on BitMEX
Day Trading cryptocurrencies
Let’s start a small tutorial that shows how you can trade on BitMEX with possible leverage.
Understanding the Difference between Margin and Leverage
When you have made up your mind to trade cryptos with leverage, then you need to be familiar with another concept also, and that is margin trading. Margin can simply be termed as a good faith deposit that is required to keep your trade open. The leverage can be termed as a by-product of margin trading, and it helps the trader to control the trade size.
When you wish to indulge in margin trading with cryptocurrencies, then you will have to borrow the money against your existing funds. This means you will trade on margin on BitMEX and you are leveraging your existing funds and increasing your buying/selling power.
With great power, comes great responsibility
Example of a leveraged long trade with BitMEX
If one buys 1 bitcoin with 0.1 BTC by buying a 10x margin position at BitMEX, it must be noted that the rate of dollars used will vary with current market value. This leverage is taken at 10x. Moreover, the price of bitcoin can also be shorted if the contract is sold by any means. Here the constant risk of losing the stake is present. This leverage was initially set at 10x. It can be raised to as high as 100x with Bitcoin, which is never advisable. Evidently, 100x leverage is a blind risk or gambling as some people may call it. But if one plays a successful gamble, it pays blind riches back – but most of the times it leaves rek’t accounts behind. The key to such a mammoth success is how effective the strategy of the businessman or investor is. As far as the jargons are concerned, when carrying out the operation, the available balance and cost are defining factors.
Note: The cost must be lower than the available balance for the uninterrupted and successful execution of the process.
At first, the position of the user is set at a certain quantity. This quantity is in dollars and is variable according to the changing asset. Moreover, the amount of money that is reserved as a risk is less than that. It is an unsaid rule for a smooth operation.
Cost: There is another term known as a cost that has slightly more than the literal meaning of the word. The value of the BTC determines the cost, and the leverage factor multiplies to that values, e., in this case, it is around 0.10 BTC (leverage is still 10x).
Order Value: Next thing we encounter is the order value. In this example, the value of the position is set to a specific value. The order value is determined by that. Here too the value is 1 BTC. Its value in dollars is calculated according to the current rate of the dollar in the international market.
Note: It should be remembered that fees are calculated on this value
Available Balance: Available balance is also an important term. It is the amount of the equity present in the current time for the trading. As mentioned before, it should be sufficient enough to start off a trade and must be quite greater than the cost as we have defined it previously.
Liquidation Price: The liquidation price is also calculated during the process. It is an approximate value that is calculated in case of insufficient time, or the business faces insufficient exposure at any time. There is a calculator on the website, you can use up front to calculate your liquidation price – and you should make use of it.
After defining all the terms, values and margins, we are ready for the execution. The details of all the inputs and corresponding output are now ready to be looked at. An interesting fact is that the profit can exceed 100% or even more but the losses are restricted to 100%, and the efforts are of course made to minimize this percentage as low as possible.
Example of a leveraged short trade with BitMEX
The procedure is the same, but the percentages of the long and short profits and losses differ a great. Like long, the profit can exceed up to 100%, but unlike long, it cannot be termed as unlimited. This is because, in short, profit is limited when the price has fallen to 100%. Now, the price would become negative as it falls any further with the current or increased rate hence limiting the value of the profit. This is one of the many specialties of the BitMEX. The trading contracts are designed in a way to optimize the benefits of the clients to broaden the outreach of this entire program and translating the business strategies into the digital world to provide an easy and timely access across the globe.
Options, Options, Options for leveraged trades on BitMEX
Most of the platforms offer two order types. One is the limit order, and the other one is a market order. This means that you will buy or sell your order at the market or the limit price. With a market order, the order gets executed directly against the order book. With a limit order, it gets triggered once a certain price is reached. You always should add stops to your orders when you go into day trading, chances are high to get your complete funds on this bet liquidated fast, especially with leverage. For this stop orders, it is the same, you can place it as limit order (not advisable, these often don’t get filled in fast moves) or as a market order. This means that your order will only be executed once the specified stop level is reached. In short, the stop level will act as a trigger for your order. If the trigger is not reached, then the order will not be executed.
BitMEX also offers advanced order types. For example, you can set hidden stop loss orders, trailing stop orders, take profit as limit or as a market order. Again, using these options makes sense with the market option, even if you pay more fees for it. Past has shown limit orders often don’t trigger with fast moves, and those happen pretty often.
The Fee Structure for Leverage Trading on BitMEX
To those who are not familiar with the maker/taker fee concept it works like the following:
Maker fees are paid when your order is executed via limit order below or above the current ticker price. Example Bitcoin is at 7,000 USD and you place a sell order at 7,250 USD. You add liquidity by doing so, this is rewarded with a small payment to your balance.
Taker fees are paid when you trade the order book with a market order. If you place a market order to buy at 7,000 USD it needs a seller that wants to sell his contracts at this price. This removes liquidity from the system as it removes other traders’ offers.
So if you buy with a market order you pay 0.075% fees. If you use the leverage of 10x, it will multiply with it and you pay 0.75% and so on. Always keep the fees in mind!
Free BitMEX Signals on Twitter and Telegram
Furtherly we found a few Twitter accounts that provide also great trading signals for Bitcoin on Twitter. The signals are just a few here and there and you have to follow the Twitter account closely, but it is worth it. On top of that we provide one telegram channel that gives great BitMEX signals for free, though it is just a matter of time, it will cost something.
We hope you enjoyed this overview of BitMEX signal providers and wish you much luck and good results in trading. Please be sure to use a low leverage like 3x max to put an extra layer of safety to your trades. Trading is no fast money-making, it is about a slow and steady increase in your equity. Buying and selling with leverage in the markets can raise your funds – and yes, you can use them than to purchase more altcoins at the current discount prices, but the risks are significantly higher. Always keep that in mind. Stay & trade safely!
Best BitMEX Signals on Telegram - [Updated March 2019]