Trading signals

This short guide explains how to navigate the Bytemine application and use our candlestick trading signal. For any questions and to find out more, contact a member of the team.

Step 1 - Configure your Bytemine settings.

Set your preferred region using the country list from the settings menu, which will usually be your home country. This will ensure the platform is correctly configured for your trading style.

It is only possible to have one home location however this setting can be changed at any time.

Step 2 - Search for an instrument and add it to your trading watchlist.

Use the search box on the Console page to find any financial instrument using the ticker symbol or the name, once selected the instrument will be added to your trading watch list and trading signal notifications will begin to appear in a pop-up window with an audible alert when generated.

Hover over an instrument on your watchlist and either select remove to delete or view signals to see the trading signals being generated.

Step 3 - View the trading signal output and configure your alerts.

To see further details, navigate to the trading signals page which lists all of the signals generated for each time frame and the date/time when last observed. Use the chart icon to see the chart pattern detail and set alerts on /off by selecting the light bulb option

Please note, alerts are displayed as a pop-up window in the web app or as a push alert when using the mobile app.

Step 4 - Back test the signal performance.

The backtesting module uses historic market data to display all of the trading signals that were generated for each time frame for the instrument selected. The trade gain/loss is based on the defined stop loss and price targets which are automatically set using key support and resistance levels.

The success frequency shows how often the trading signal forecast the market movements correctly. However, please remember that past performance is no guarantee of future results.

Find out more

If you have any questions or need any further technical support or assistance feel free to reach out to our team and we will get back to you as soon as we can.