I paper-tested a NEAR long signal from Square: -0.86 USDT on 10 USDT margin, after fees. Stopped out within about an hour.
The levels as posted (13 Nov, 15:00 UTC): entry 3.533, stop 3.506, TP1 3.610, "valid 24h". No leverage stated, so I used 10x.
What the real 1h candles did: the 16:00 UTC candle went through the entry and the stop in the same hour. Highest price after the post: 3.557. TP1 was never touched.
The odd part: on paper this one made sense. Reward about 2.2%, risk about 0.8%, stop well before liquidation. It passed my screen.
Lesson: a stop 0.8% away on a 1h setup sits inside one normal hour's range. Good R:R on paper doesn't help if a single candle can take the stop out.
I'm paper-testing Square signals with 10 USDT each, real Binance prices, fees included. Score so far: 2 closed, 0 wins, -4.90 USDT. Winners get posted too.
How far from entry do you put your stop on a 1h setup?
Not financial advice. Paper results, real Binance prices.
#TradingSignals #FuturesTrading #TradingBots #bitcoin $NEAR
The levels as posted (13 Nov, 15:00 UTC): entry 3.533, stop 3.506, TP1 3.610, "valid 24h". No leverage stated, so I used 10x.
What the real 1h candles did: the 16:00 UTC candle went through the entry and the stop in the same hour. Highest price after the post: 3.557. TP1 was never touched.
The odd part: on paper this one made sense. Reward about 2.2%, risk about 0.8%, stop well before liquidation. It passed my screen.
Lesson: a stop 0.8% away on a 1h setup sits inside one normal hour's range. Good R:R on paper doesn't help if a single candle can take the stop out.
I'm paper-testing Square signals with 10 USDT each, real Binance prices, fees included. Score so far: 2 closed, 0 wins, -4.90 USDT. Winners get posted too.
How far from entry do you put your stop on a 1h setup?
Not financial advice. Paper results, real Binance prices.
#TradingSignals #FuturesTrading #TradingBots #bitcoin $NEAR
