Author Topic: SwipeCoin scalper  (Read 366 times)

Tarmo

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SwipeCoin scalper
« on: January 28, 2021, 03:18:02 AM »
This is supposed to be an awesome cryptocurrency trading scanner. Has anyone used it? How well does it work for you?

I bought the subscription yesterday and I tried its signals twice (with demo dollars first). Both trades won. I find this type of trading much less stressful. The only critical period is right after you take a trade, the price has to move in your favor for a few minutes in order to have a fully stress free and risk free trade.

It works great if you know how to use it. And our commonly used brokers (iqcent, videforex, raceoption, binarycent)* have it quite simple, and I don't like mt4 anyway. A downside is that the broker takes initially a larger chunk of money from your balance for the trade. It shows the $ amount below when you choose your trade size.

The only risk is when the market starts seriously going against you immediately after entering the trade. Small pullbacks against you are fine as long as your SL is far enough.
But the beauty of all this is when the market clearly starts going in your favor, then you can drag your SL to your entry price level and relax, no risk at that point at all! Check the trade once in a while and drag the SL even further if you see the price going in your direction. But they suggest keeping about 50 pips distance from the current price so you won't get stopped out when there are smaller pullbacks (you would get less profits if you get stopped out like that).

The only thing you need to be sure of -- the market must be going in your favor from your entry, either upwards or downwards depending on your trade (buy or sell). Timing is unimportant which is great.

* I don't make any specific broker recommendations here, it's up to you what you choose to use.
« Last Edit: January 28, 2021, 03:20:54 AM by Tarmo »