When nu post?
- Learn which Crypto Signals Provider really perform
- Get unbiased well-researched & merciless coin reviews
- Grab trading education, our market updates and cryptocurrency news!
As you might recall, we recently reviewed the Alan Masters Bitmex Signals group. As a new part of our review procedure, we offer one of our readers access to the group to give you a fully independent review by the community. For the first review of this kind our reader Shaan has been added to the group. Here is his review about Shaggad’s Premium Signal Group, which recently split off Alan Masters and runs the group now on his own. Passing the mic to Shaan now, enjoy his work!
I’ll start off by clarifying how I used the group, as this is key to understand how you can use it to dictate your trading style. Since I am more of a conservative trader, with a focus on preserving capital, I used lower leverage for some trades and tighter stop losses where I saw fit.
“We value a high win rate over anything and we wait for trades to come to us before doing anything”
As you can see there is no ambiguity in the signals they provide. This is a huge plus as especially if you are following a third party strategy any confusion can give way to losses. My only qualm is the lack of explanation underlying their trades. If you are a beginner looking for a group that will allow you to eventually become self sufficient then AMB falls slightly short.
If you are seeking a group that doesn’t require any effort on your behalf, then AMB is the right place for you.
My only issue with their trades are that sometimes their risk/reward can be a bit skewed, risking a significant amount for the potential gain. Nevertheless this is a matter of opinion and is justified by their hit rate.
My journal from Shaggad’s signals
I’ve kept a record of all the signals I’ve used from Shaggad, with the parameters that I used. Please bear in mind as aforementioned that I did not follow each trade to the letter due to my personal trading style and as such this isn’t fully representative of the group. The second to last call relates to my point about loose stop losses, especially as retail traders it isn’t possible to constantly monitor your trades and in this case it had a big effect on my P/L.
And in comparison the advertised P/L
|- Clearly defined set of rules underlining each trade (Targets, Capital Allocation, Estimates ROE and Timeframes)||- Signals can be few and far between and as a result can miss signals due to inconvenient timing relative to your time zone (see signals I took [GMT] VS the signals provided on their sheet)|
|- Good strategy, often laddering buy ins and take profits||- Poor risk/reward for some trades|
|- Incredible hit rate even in a bear market (often the sign of a strong group)|
|- Don’t flood users with unprofitable trades like many other signal groups|
|- Don’t over leverage trades relative to account size (Good incorporation of portfolio conservation)|