We have three Discord alerts: News Notifier, RSI-Predator, and Currency Meter.
The News Notifier uses machine learning and auto smart analysis to provide trade setups based on its news analysis of the news event's outcome. Although it has high accuracy, it is best used in combination with your own news analysis. The beautiful thing about trading news events is that you can backtest how many pips you can expect to risk and/or gain. However, unless you are swing trading, it's recommended not to risk more than 20-30 pips and to move your stop loss to profit once you are ahead by 20-30 pips. Refer to our videos on risk management and which setups to take.
The RSI-Predator sends alerts based on the RSI-Predator indicator. It applies machine learning to the RSI to predict potential reversal points. Since we are currently using the 5-minute timeframe, most of the setups span about 30-50 pips, and you will only need about a 7-15 pip stop loss at most. It is best used in combination with the news and/or the prevailing trend of the day. For instance, if the currency pair has been selling heavily all day, then it’s a higher chance that the sell setups sent out from the RSI-Predator will be successful. Many users love the RSI-Predator because it does not repaint and has extremely high accuracy.
Lastly, the Currency Meter sends alerts every 15 minutes about the current growth of all 7 major currencies (USD, NZD, AUD, GBP, EUR, CAD, JPY, CHF) as well as currency crosses, which occur when the percent growth/loss of two currencies intersect each other. These alerts are best used to understand how the market is moving and what the trend of the day is. They are extremely helpful when you want to confirm that you are on the right side of the trend. The currency cross alerts are most effective during the London and New York sessions since the currencies have had some time to stabilize. Like our last two alerts, it's recommended not to risk more than 10-20 pips on each move and to only take the setups that align with the news or the prevailing trend of the currency.