How to Use Free Bitcoin Trading Signals & Place Orders Correctly
Crypto trading can be challenging, especially for traders struggling with entry points, stop-losses, and position sizing. In this comprehensive tutorial, JT from BLKBöX Trading shares a step-by-step process to use free Bitcoin trading signals effectively. Learn how to place trades correctly on an exchange, minimize risks, and maximize profits.
Step 1: Accessing Free Bitcoin Trading Signals
BLKBöX Trading offers free Bitcoin trading signals, including:
- Entry Price
- Stop-Loss Price
- Take-Profit Price
To get started:
- Follow the links in the video description.
- Join the BLKBöX Trading group for real-time signals.
- Set up an account on a partner exchange like Bitget.
Step 2: Placing a Trade Using the Signal
With access to the signals, here’s how to place your trade:
- Copy the entry price from the BLKBöX Discord group.
- Go to your exchange’s trading panel (e.g., Bitget).
- Paste the entry price into the order form.
- Enable TP/SL (Take Profit & Stop Loss): Check the “TPSL” option.
- Add stop-loss and take-profit prices from the signals into the relevant fields.
Pro Tip: While each exchange’s interface may differ, the process remains the same.
Step 3: Calculating Position Size
Proper position sizing is key to effective risk management. Here’s how to calculate:
- Risk percentage: BLKBöX recommends risking 2% per trade.
- Example: If your account size is 1 BTC, risk 0.02 BTC (2% of 1 BTC).
- Calculate position size:\text{Position Size} = \frac{\text{Risk Amount}}{\text{Stop Loss %}} Example:0.02 BTC0.01=2 BTC\frac{0.02 \text{ BTC}}{0.01} = 2 \text{ BTC}0.010.02 BTC=2 BTC ➡ Enter 2 BTC as your position size and place the trade.
Step 4: Executing the Trade
- Choose “Open Long” for a long trade or “Open Short” for a short trade.
- Review order details in the confirmation popup.
- Press Confirm to execute the trade.
Note: This was a demonstration; no real trade was executed.
Step 5: Understanding the Strategy’s Performance
To test this trading method, BLKBöX Trading ran a backtest. The results were impressive:
Key Statistics:
- Net Profit: +71.87%
- Total Trades: 26
- Win Rate: 57.69%
- Profit Factor: 2 (For every $1 risked, $2 gained)
Example Trade Performance:
- +20% gain: Achieved through a 2% Bitcoin move with 10x leverage.
- +5% gain: Conservative but consistent.
- Break-even trades: Helps protect capital.
- -50% drawdown avoided: The bot exited before a major Bitcoin crash.
Why This Strategy Works
✔ Minimal Risk Exposure: Risk per trade stays low.
✔ Compounding Returns: Small wins accumulate into significant gains.
✔ All Market Conditions: Adaptable in bull, bear, or sideways markets.
Final Thoughts: Grow Your Portfolio Safely
This trading strategy prioritizes sustainable growth over risky speculation. By following structured trading signals, implementing stop-losses, and using the right position sizing, traders can steadily grow their portfolios with minimal drawdowns.
Ready to start?
- Join the BLKBöX Trading community today and never miss a profitable trade again!
- What do you think of this strategy? Drop your thoughts in the discord group!
