Shaggad's BitMEX Signals 2

Shaggad’s BitMEX Signals

in ALL SIGNAL REVIEWS/BitMEX Signals

Shaggad BitMEX Signals

Starting at 0.05 BTC
7.9

Accuracy

8.7/10

Risk Awareness

5.1/10

Support

8.7/10

Price/Performance Ratio

9.1/10

Yay! 🙂

  • Very good hit rate
  • Cheap service with nice discounts
  • Stop-hunt protected
  • Auto Trader

Nay! 🙁

  • Pure Signal Service (No Market Updates and Extras)
  • Poor Risk/Reward Ratio on the trades

Shaggad’s BitMEX Signals Review


+++ High Risk High Reward Signals+++

~ Great Hit Rate – but also risky ~

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Average Accuracy Rate
 
Measured Accuracy Rate on Average since September '18

This is an updated review of the former Alan Master Bitmex Group review. The responsible trader of AM’s channel has split from the group and trades now on his own, hence we felt like updating it a bit. If you scroll deeper, you will also find a community review, which has been made by one of our Telegram channel readers. By the way: you really should hop into our TG channel if you haven’t done so already, as we will often search for community reviewers, who get free access for some time.

Disclaimer

This article is for educational purposes only. We are no financial advisors. Do not make investment decisions based on this informations. The information provided from Smart Options is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial advisor or other professional to find out what may be best for your individual needs and risk tolerance. Please do your own research and never let anyone trade your account for you. We do not support or advertise Fund Management in any kind of manner. We solely review signal providers, their work/analysis/provided education. Please read this disclaimer and leave the website if you disagree with it.

I never heard of Shaggad’s service before, the reason might be that he traded under the hood of Alan Masters, which is a well-known trader on Tradingview. Well, I think that is that kind of reputation one can really be proud of. The account is the 5th Top Author of all Times on Tradingview and comes with an impressive 8.3 million post views and with the second biggest amount of followers on the whole Tradingview platform, but we shouldn’t be bedazzled about that. As he clearly hired Shaggad for the BitMEX channel. Traditionally Alan Master has his base in Altcoin signals but with Shaggad’s calls, the group has proven to be very successful with leveraged BitMEX signals as well. Now Shaggad is on his own and in this review, we will check only this channel and not Alan Masters.


Crypto Signals Review: 


Shaggad posted one signal per day max in our test period in the BitMEX telegram channel. he offered trades to be entered right away, but also conditional trades (called future trades in this channel), so you have a good amount of time to prepare the trade. These trades are designed to become active once certain price conditions have been met. Generally, the entry is given in ranges, as like most of the channels do to get an average entry price. This comes with the disadvantage that sometimes your allocated funds for the trade won’t be used entirely. However, this might be even helpful for people with a bad money management attitude not to enter with exaggerated positions.

The signals come with calculated profit potential, stop-loss, estimated liquidation price, and capital allocation. Alan Masters’ hit rate was impressive – I am currently waiting for more recent historical data, but November has crossed the 90% mark. In January, stop loss has reached only one time.

Shaggad offer’s an Auto Trader solution. The auto trader is custom (not Cornix) and seems to work pretty well, so his customers can reap the profits hands-free.


Signal Example


Signal Example Alan Masters Bitmex Channel

And here is how it played out on the charts:

Trade Outcome Signal Example Alan Masters

The Signal Results


The results of  Shaggad’s signals channel have been overly positive. Considering the distance to the set targets, we consider it the Alan Masters Bitmext trades as scalp trades. The average of achieved profits has been ~35%, but of course, there were pretty nice profits above 100% as well. For example when they played the rise of TRX, due to the conference fundamentals. We did not like the Risk:Reward ratio and the used amount of leverage and set our own. We have to admit, that this affected our personal hit rate negatively as we got stopped out sometimes before reaching the targets.

In terms of achieving the targets, their stop-loss would have been helpful and shows that it makes sense if you go with their signals. On the other hand, it shows that they are not very precise with their entries, even if the loose stops contribute to their hit rate. In a whole month, stop loss has reached only one time, which theoretically reduces the increased risk of the bad risk:reward ratios, but we have to keep in mind that every trader can have a series of losers. The leverage can be adjusted on our own, the stop-loss is more difficult, so this remains our main concern with Shaggad’s Bitmex signals.


The Critique


Well, this one is so hard to judge: Basically, you sacrifice your risk management in order for an outstanding hit rate. His results sheets really show win after win, however, trades with a risk-reward ratio of 3:1, should be avoided if one has proper risk management in mind. The used leverage was most often too high for our taste. The expensive altcoin futures have been often traded with 10x (our max is 5x) and Bitcoin has been traded with 25x leverage (our max is 10x).

The Risk:Reward ratios which have been observed are not very reasonable, to be honest, and, leaving the good success rate besides, is my biggest concern with Shaggad. On the other hand, we saw our position often in the red for a while, to hit the first target later after some time.

After all, Shaggad’s hit rate was impressive and the loose stop-loss seem to be a cure for the stop-hunts which we see everywhere recently.  The questions is, how will you handle the big losses if a stop is hit one time?


The Support


Shaggad was very helpful and responsive. We never had to wait for more than an hour to receive a reply. Meanwhile, he started a chat group for his premium customers.


The Judgement


Shaggad’s Signals are a very good solution if you are searching for BitMEX signals that offer high accuracy and if it doesn’t break your mind to be deep in the red for some time. Very good money management is needed here as he doesn’t use a good Risk:Reward Ratio. On the other hand, the success rate is with him on this, and he is most often not affected by stop hunts. However, you have to be brave to hold his suggestions sometimes. It is definitely not the right service for all-in-people, but a good one for those that know how to calculate a proper position size for the trades. The support he gives is very personal and fast (does he ever sleep?). The questions before signing up are if you are you strong enough to hold a red position for some time and if you know how much to use for each trade so you don’t get rekt over time.

All in all, very very good signals with risk management issues.

FACT SHEET for SHAGGAD's BITMEX SIGNALS

  • Website: Telegram Bot
  • Telegram Contact: @shaggad
  • Discount Code: 25% off with the discount code MEXOPTIONS (valid for all packages)
  • Plan and features: 15-25 Quality Bitmex Signals per Month
  • Pricing: Check the most current pricing with the Bitmex Bot
  • Auto Trader: Yes, proprietary solution available.
  • Special Features: Shaggad provides “Future Trades”, these trades are simple and easy to follow which you just set up and don't have to stay in front of the screen.
  • Results Tracking: Updated Tracker on Google Docs
  • Signals with technical analysis: No
  • Trading Timezones: EST

The Customer Review


Our reader Shaan has been added to Shaggad’s BitMEX signal group. Here is his review about the VIP channel – 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” – Shaggad


Signal Style


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 Shaggad’sBitMEX Channel falls slightly short. However, If you are seeking a group that doesn’t require any effort on your behalf, then Shaggad’s channel is the right place for you. My only issue with their trades is 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.

Shaggad's BitMEX Signals 3

My journal from Shaggad’s signals


Shaggad's BitMEX Signals 4
Shaggad's BitMEX Signals 5

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


The Pros and Cons


ProsCons
- 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)

FACT SHEET for SHAGGAD's BITMEX SIGNALS

  • Website: Telegram Bot
  • Telegram Contact: @shaggad
  • Discount Code: 25% off with the discount code MEXOPTIONS (valid for all packages)
  • Plan and features: 15-25 Quality Bitmex Signals per Month
  • Pricing: Check the most current pricing with the Bitmex Bot
  • Auto Trader: Yes, proprietary solution available.
  • Special Features: Shaggad provides “Future Trades”, these trades are simple and easy to follow which you just set up and don't have to stay in front of the screen.
  • Results Tracking: Updated Tracker on Google Docs
  • Signals with technical analysis: No
  • Trading Timezones: EST
Shaggad's BitMEX Signals
Shaggad's BitMEX Signals 6

Shaggad's BitMEX Signals is a split channel from the Alan Master Signals Group. Shaggad now operates on his own and delivers an insane hit rate, but sacrifices risk management for it. The initial editor's rating was 7.7 - the overall rating is influenced by 20% through community votes from the comments section.

Editor's Rating:
7.7

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5 Comments

  1. Accuracy

    10

    Risk Awareness

    9.5

    Support

    10

    Price/Performance Ratio

    10

    I joined the group 2 months ago.
    Shaggad has a great hit rate on his very profitable and clear signals. Telling you laddering entrances and targets, how many % of your balance he would recommend putting into the trade, stop loss and the timeframe on chart his signal is made from.
    I haven´t had the pleasure to use the bot yet, but the service is great to have. Risk/Reward are pretty high on the trades, but I know why he does this and it simply just works. I mean, look at his win rate.
    He is friendly, professional and allmost always there to answer your questions.
    I would recommend people to join his group anytime.

  2. Accuracy

    8.5

    Risk Awareness

    9.1

    Support

    9

    Price/Performance Ratio

    9

    I started to follow shaggad signals since a month already. ‘ve been happy with the result. Most of the signals were good, instantly, some developed after sometime but all went as planned for almost all of them. It is true, he is using high leverage but this is compensated by a good bankroll management. The auto trader makes life easy, I hope it will get better And better. Shaggad is there to support of necessary. He doesn’t not provide analysis but is open to discuss his trades if we want to.

  3. Accuracy

    9.4

    Risk Awareness

    9.4

    Support

    9.3

    Price/Performance Ratio

    9.3

    Shaggad is really a super trader and s8gnal service…his autotrader is really good..so that nobody misses any signals anymore..i hope to meet him in the future to thank him personally

  4. Accuracy

    9

    Risk Awareness

    10

    Support

    10

    Price/Performance Ratio

    8

    I’ve joined and really love the bots that’s made to auto trade based on Shaggs call. This is newbie friendly as the bots auto add stop loss.

  5. Accuracy

    9.6

    Risk Awareness

    9.2

    Support

    10

    Price/Performance Ratio

    10

    Very consistent and accurate signals. Impressive hit rate and helped my mortgage and car payment. Honestly, I would love to meet Shaggad one day to thank him.

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