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How Do I Use Valutrades Signals Expert Advisor?

Valutrades offers trading signals via expert advisor for demo and live account holders. This EA allows traders to easily see the signals, their target levels and confidence ratings. If the target level is met the EA will place the trade.

 

Signal Centre Hero

 

Please note that the expert advisor will only work on Valutrades servers so to get access you must hold a demo or live account. 

How to install the expert advisor:

Please view the following article.

How to Navigate the Homepage: 

All the current and recently expired trade ideas published by Signal Centre are listed on the homepage. 

 

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The dashboard: 

Screenshot 2022-08-17 110554

How to select a signal: 

You can select a signal directly from the homepage by clicking on the tile on the Tab View or line on the List View. Alternatively, refine your selection by using one of the several filters available. These include:

1. Confidence

The Confidence bar allows you to filter trade ideas between 0% and 100% confidence.

This rating is a rating score, calculated using a proprietary formula. Includes trend, analyst performance and sentiment analysis data.

Screenshot 2022-08-17 110749

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2. Class

The Class tab allows traders to filter by the type of asset they are most interested in. Choose from All, FX, Commodities, Indices.

3. Status 

This filter allows the trader to select a trade idea based on its current status. The status is updated throughout the day as the trade idea progresses

Screenshot 2022-08-17 111433

Traders can select signals from the following: 

  • All 
  • Expired - if the signal has not performed within the expiry time, the status will change to 'expired' and the tab or line item will be greyed out 
  • Sell/Buy Limit/Stop - depending on the type of signal, it will be labelled as one of the following categories: 
    Sell Limit - Pending order showing level above to open a short position
    Sell Stop - Pending order showing level below to open a short position
    Buy Limit - Pending order showing level below to open a long position
    Buy Stop - Pending order showing level above to open a long position
  • Live trade - if the price reaches it's entry level the signal status will be change to 'Live Trade.' Once the trade is live, we want to see the price reach the first target level and ideally the second target level 

Understanding the signal: 

Each trade idea on the homepage displays key information about the trade to help you time your entry and exit positions. By clicking on the trade idea more details are revealed including additional data sets and the strategy behind each trade. 

Status & Key Levels:

Use the key levels to understand the parameters of the signal - where our analysts are looking to enter the trade, where to target and where they will place their stop loss. 
The status of the trade idea will change as the trade progresses throughout the day, determined by the target levels set.

Buy Signals

  • Screenshot 2022-08-17 112309Entry Level - if the trade meets the entry level, the status will change to ‘Live’.
  • Stop Level - if the trade goes live but the price drops to the stop level, the trade will close and the status will be updated to ‘Closed - Loss’.
  • Target Level - if the trade goes live and the price reaches the Target Level, the status will be updated to ‘Closed - Profit’.

If the trade does not meet the entry level and does not go live, the status will be updated to ‘Expired’.

Sell Signals

  • Entry Level - if the trade meets the entry level, the status will change to ‘Live’.
  • Stop Level - if the trade goes live but the price rises to the 'Stop level', the trade will close and the status will be updated to ‘Closed - Loss’.
  • Target Level - if the trade goes live and the price drops to the Target Level, the status will be updated to ‘Closed - Profit’.

If the trade does not meet the entry level and does not go live, the status will be updated to ‘Expired’.

 

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Asset Price:


This is the price of the asset at the time the trade idea was published. 

  • News Sentiment Score: this score reflects how the global investment community currently feels about the asset. It is measured by analysing millions of news articles every day using AI technology. 
  • Confidence Rating: this is an analyst’s rating score, calculated using a proprietary formula based on multiple criteria.
  • Published / Expiry Dates and Times: We publish reports across three global timeframes:

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  • Trade idea/Signal: Our signal provider 'Signal Centre' employs experienced and fully qualified technical analysts who use their skill and expertise to formulate good risk/reward trade ideas. 

    Each signal provides detail on the rationale for the trade, allowing users to develop a better understanding of technical analysis and educating users in their trading journey.

  • Signal Status: this is the current status of the signal 
  • Price Chart: the chart displays current price data and data from the past 7 days. Each candle represents 4 hours of price action.
  • Risk/Reward Scale: Each trade displays the risk and potential reward. All trade ideas published have a risk/reward ratio in excess of 2:1, sometimes this can be even as much as 5:1.
    Screenshot 2022-08-17 120910
  • Next Volatility Events: These are the events taking place during the time frame of the trade that are likely to impact market activity and have the potential to increase volatility. Our analysts will be keeping a watchful eye on the data arising from these events and will update the signal accordingly.
  • Support & Resistance Levels: These are the levels deemed to be significant for that asset. This could be a trend line, Ichimoku Cloud level or perhaps a Fibonacci level. These levels indicate where buyers and sellers could emerge on both the downside and the upside.

If you have any questions about this article please contact our support team by live chat, phone (+442031410888) or email (support@valutrades.com)