Bitcoin Forum

Hi All

I have only recently started investing in crypto markets (I am aware now isnt the perfect time, but I currently have plenty of spare time to learn).

I am using binance to trade and slowly learning spot trade interface. I have found a trading strategy which I feel quite comfortable with (4ema indicators).

However I seem to be spending forever looking through 100s of coins to find a perfect buy opportunity.

Is there any way of  setting up a parameter that would automatically send me a notification on all coins on binance that hit the indicator that I'm looking for?

I think there must be, any pointers, greatly recieved.

Kind Regards

This may not relate to your question but just an advice.

Research for coins of interest. Add them to your favorites. You can set an alert for the coins at a specific price you target. On Binance, 10 alerts for each coins at once and 50 maximum for different coins. If 10 set for a specific coins, 50 is still the maximum in total.

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Know that trading is very risky, do not trade with the amount of money you can not afford to lose.

only 4ema? If i were you mate learn more techniques because that can't help you to be honest.. Watch some videos in YouTube instead because surely you can get more ideas and techniques when it comes  indicators.. Infact there's a bunch of useful indicators in trading view, just invest time for it. Wherein instead of seeking for trading signals as well because it cannot guarantee a good win rate all the time.. Search these indicators, MACD, BOLLINGER, AND 3 MOVING AVERAGE, RSI. Since they're very popular indicators and for sure it can help you alot.

What you said and what you are doing are different.

• Investment vs trading: they are totally different.
• Please share, how did you manage your capital for investment and trading? Have you separated your capital for investment and trading? Have you mixed them into one and sometimes you invest, sometimes you trade?

It is very bad if you mix your capital for trading and investment because they are different and require different strategies to complete with success.

If what you want is trading signal notification Binance already has that feature you just need to explore or do what Charles-Tim suggested above.

If you want a more advanced tool then I suggest you check tradingview you need to search for those coins and put them all in your watch list and set the parameter under the chart of each coin with alerts. It works on my phone as an alert I don't know if their web version will work the same but if the signal notification you are looking for is a web version you can try the web version.

Ok, I tried to check and it seems that they also have an alert but it's a popup notification or option to alert through your phone.

Most trading platforms have something like this already so you just need to check how it works and configure it so you receive notification on your phone and then you can make the trade you want, another option is that if you do not find what you are looking for then you could code your own script that does that and that sends you a notification to your phone as well, it may sound hard but honestly it is not, as long as you take your time to do things right.

Moving average indicators work very well in trending markets. However they will chop you to bits in ranging markets, especially on the lower time frames.

So depending on which coin you back tested, let’s say SOL. Which has pretty much went up the entire year. Any MA combination which was long would of worked out fairly well.

However if the markets start to range it won’t work as well.

You can use a trading bot so you could scan pairs that would satisfy your existing strategy.

For example, if you are using four emas, you are just waiting for them to cross each other; you could automate it and then select the market pairs you want, and it would trade for you. You need to set up the trading limit ^{(which is the amount of capital you deal per trade)}, then just be updated in Telegram. You can also set coins and strategies through Telegram. It makes your life easier.

The bot that I'm talking about is Gunbot (https://gunbot.ph), and you have the opportunity to see what it can do and see the other features it has to offer. I can assist you if you want.

Yes, gunbot for one is a good trading bot, although you will have a learning curve in the beginning before you can learn how to used it properly, but the support is superb.

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As for finding a gem, isn't it the challenge though? I mean it will all be satisfying that after scanning so many coins out there and you narrow it down to just a few and it turns out that your hunch in correct and it become one that gives you huge profit, I think that is going to be worth in the end.

I think you need binance API to do this implemented to other apps to give you an alert when your indicators reach the point that you are wishing for.
And as i know binance don't giving away their API to public, maybe someone need to request the API to the binance support to create this kind of alarm application for trading helper. I don't see any kind of this application that related to binance market right now.

As I know, you used this bot many years ago (probably more than 4 or 5 years) because I remembered when I saw you on the forum years ago, you already mentioned that you used Gunbot and if my memory is correct, there were times you even wore signature of Gunbot.

Anyway, I know Gunbot is good  :D

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Some other bots for references for OP is given by Ratimov in [BIG LIST] Crypto Trading Bots (https://bitcointalk.org/index.php?topic=5278392)

This process where there will be a learning curve is where the Gunbot School comes in. If you purchase a package, standard and above, you will be invited to the Gunbot School and you will learn the right processes. From installing to running the actual software.

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Those were the times that I don't have a signature campaign. It's a good bot for sure and made a profit if you really learned how to use it properly. The learning curve is there but it's worth it. The progress from way before to now is enormous. It's way easier to understand and use now.

If you are a new person who still learning about trading, I suggest you search for less than 100 coins because that can make you feel confused to determine which coin you can trade. If you have skills, you can do that to find the potential coins because, in the 100 coins list, you will get more than 5 coins that you can use to trade.

If you just hope for the signal trading, you can search from telegram but I suggest you stay away from that and better learn trading by yourself. But you can use TabTrader to check the trend and you can also set the alarm so when the price reaches your target, you can directly login into your Binance account.

Pretty sure Binance has alerts or bots for what you want OP. You can also try looking for custom bots but that might take up more of your time since you'd need to test each one first before even applying it to your trading schedules. Not familiar with external bots since I rarely use them though, heck I rarely trade now since I mostly just hodl. Don't bother looking over through hundreds of coins, just look at the top 50 or top 100 and just center your trades around there. Anything beyond that would probably be a waste and a risk to trade.

Thankyou everyone who has taken time to respond. Its very helpful and I will take a look at everything suggested. It all helps, strings to the bow.

As stated, I am new to this and definitely a beginner. Due to this I am very cautious about when I trade (Sorry if my wording isnt correct, I mean cautious about Buying a coin against USDT) However buying at a cross over (using 4ema) has given me a daily average return of 2.5%. I am very happy with this. I am not looking for huge gains, just a small amount daily. People have mentioned Bots on here and that would be something of Interest. Would they be able to achieve the same sort gain using the method I have been using?

100s of coins sought to make you will run out of time just for research. if you are a beginner in trading you should choose the top 20 coins in CMC, it will be better. Learn about various indicators.
and can use Tradingview to make your trading better. many tools and indicators are provided in tradingview.

Sometimes the coins you think are not going to do well they surprise you. Coins like Shiba has surprised many investors and those who didn't invest felt bad during Shiba bull . I think you have to consider the exchange that the coin is listed that can determine the level of growth too like Shiba that is listed in almost every exchange. Listing of coin in different exchanges can help volatility because it will be found everywhere.

using the binance API to a third-party application as a trade manager will help automate trading, but be careful if you use a third-party application, make sure it is trusted and never check the withdraw option on a third-party application.
Currently, there are many trading bots available that use the Binance API, so they will place orders automatically.

As others suggested, using such bots will help you, or building your own is also the best alternative as it will help you to customize based on what your goal is.
Tradingview can also help you but it is limited especially if you are using it for free.
You can also try this - https://tools.tradingroom.io/ , there's an option there where you can select only pairs that are listed on Binance only.

I also thought that it was too extreme for the OP to go through hundreds of coins to find a good trading opportunity, in my opinion a newbie should stick to bitcoin and nothing more, and once they know they can trade bitcoin and make profits then they can expand the number of coins they trade, but I think that at most 20 coins should be the maximum number of coins that should be traded, after all we do not have hundreds of good coins in the market as a great deal of them are just scams.

Automatic signal, that seems to be coming out of no where. Trading signal groups exists on social network but believe me you should be going to the opposite direction of the same. There is no practical way that anyone can predict right opportunities or perfect coin in the crypto market. Everything here is volatile, off limits, unpredictable. That kind of trading market we are talking about and that’s why relying on trading signal is far fetched. You need perfection in data analysis of coin which are new or which has just step forward in the crypto market.

I see many alternative options mentioned in all the posts. However its always best to be manual analyser in trading market.

Would you mind telling us why now isn't a perfect time? For all I know, what one needs to make a perfect time for trading is to be readily armed with the set skills for it.

Soon, you will unlearn the use of it or you will learn to combine it with other indicators. I'm curious though as to how you use it because it's a lagging indicator and doesn't seem to show you direction before price gets to a point.

To succeed in trading you've to pick a few pairs and stick to only the ones that net you profit. You don't have to be on every pair to be profitable.

As far as I am concerned you can make use of limit-stop-loss order for this purposes. Otherwise, you may use few mobile apps which are dealing with crytocurrencies alone. Still you need to set the alter level manually. It means you need to set the price level where your strategy meets.

Moreover, this is the reason that trading is too complicated one as it will ask all your time and efforts continuously. When you are unable to put all the required efforts it would be better to turn as a long term investor rather than innovating your own way of trading. Because, investing with bitcoin must be a proven way to make easy money rather than struggling with trading indicators and other tools.

Trading becomes one of the most prominent professions nowadays. And considering pandemic more users are trying it blindly. But it is not as easy way to gain success in trading in cryptos.

Signals and indicators are just supportive materials for making trading better and even more sophisticated, but it needs more attention with vast experience and determination with the right actions. Major indicators are used for trading are lagging, even few are useful for forecasting, but most of the time traders can't depend on them even can fail to comply with them.

So my honest opinion never depends on signals, rather make an in-depth analysis of the market with trends, volume, and conditions. This will definitely help to sustain in the market in any condition.

Good signals are expensive, and a beginner usually does not have enough money to purchase a paid subscription. And by the time he earns enough money for a paid subscription, the need for such signals disappears, since there is already his own trading strategy that allows him to earn independently.

I don't know if there is any notification on binance that could serve you a bip when price reaches your indicator point. Good signals still fade away overtime hope you would be ready to update your indicator as you keep in mind indicators are confirmational analysis not actually leading analysis. It's far better you understand how your candle sticks are formed then see if your indicator moved in the direction of the candle stick formation

Which is also why there are so few premium signal groups that actually work, after all if someone is good enough to produce profits with their knowledge of the markets, why share it with someone else? And the only scenario in which this makes sense is if you know how to trade the markets but you lack the money to do it, so a person like that could open a trading signals group and once he has enough money he could close the group and just trade the markets and earn money that way.

I can't even think that there must be the same indicator that you want to know about but another way of adding these coins to your favorites is that there is some option through which you can add some of the coins to your favorite and you can see always on opening binance at the startup which may help you sometimes.

There are a lots of apps currently in the .market or play store that you can use that will give you signal with price reach a certain level. App like TradeView, MT5 and other trading related apps can make you achieve what you want easily without any problem. You can always select some tokens that you like or will like to trade which should not be more than 7 to avoid confusion or over trading so you can monitor then always.

in this market altcoins follow the same behavior as bitcoin and change in only rare cases when the price of bitcoin is stagnant or slowly increasing, so you don't necessarily need to be behind all altcoins, unless of course when some altcoin has good news it it increases a lot in price so in this case we are already talking about another subject

Paid trading signal notifications are always considered the best than the free, yeah, there are too many of them, and even apps on the play store you can use as a trading signal notification.  Even the coins tracker itself has a trading signal notification, a custodial wallet has also this feature and maybe you can choose one of them depending on if which is the best for you.

Here's a list of 10 Best Crypto Signals 2021 (Free & Paid) (https://bitcourier.co.uk/blog/crypto-signals), don't forget to have DYOR always which signal providers are really the best one, we know most of them claimed that they are the best one which in fact it is not.