This guide is meant to explain the Bot system’s signals and indicators. As any correct trading system, we need to have certain indicators with which to measure the performance of the trades.

Signal Channels

Swapperbox has two main channels for the public signals: the Telegram Channel and the Twitter Channel.

In these channels the Bot will post the Buy and Sell signals, as well as the performance of the trade. Channels get updated every two hours, placing information of the current state of the trade.

Buy and Sell Signals

Buy and Sell signals are meant to alert when the Bot buys or sells an asset, the Bot makes it explicit when it buys or sells by placing the 🚨🚨 icons.

A typical Buy signal would look like this:


A typical Sell signal would look like this:


Status Updates

Not all Bot updates are going to be signals, Bot will send an update approximately every two hours. The status updates are meant to track the Bot performance in real time.

Symbol indicator

The Bot always tells which symbol it’s currently trading.

In the free channel, it’s usually BTCBUSD, but it could be any pair. It’s very important that not to mix symbols when trading these signals.

Position indicator

The position indicator is meant to tell the Bot’s current position, there are only two possible positions: LONG and SHORT.

A LONG position means that the Bot has bought, and it’s holding the asset.
A SHORT position means that the Bot has sold, and it’s not holding the asset.

Notice: Whereas the Bot says SHORT it does not mean a leveraged short position.
Leveraged trading is extremely risky.

Profit and Loss indicator (P&L)

Next to the Position indicator, we can find a percentage within parenthesis, that is the P&L indicator and represents the percentage increment or loss since it took the current position.

As an example let’s take a P&L like this: LONG (+4.33%)

There the indicator is telling us that the position is LONG and it made a profit, of 4.33% since it gave the signal.

If we take a P&L like this: LONG (-4.33%)

Then the indicator is telling us that the position is LONG and it made a loss, of 4.33% since it gave the signal.

The indicator’s formula is as follows where P&L is Profit or Loss:

\[P\&L=\frac{currentPrice\times100}{triggerPrice}-100\]

Notice: When you have a LONG position in a BTCBUSD pair, the P&L is measured in BUSD, when you have a SHORT position in a BTCBUSD pair, the P&L is measured in BTC. P&L only applies to the currency it’s not holding. You cannot P&L BTC if you’re holding BTC, nor can you P&L BUSD if you’re holding BUSD.

Trigger Price

The trigger price indicates which was the price that triggered the current position.

If the current position is LONG then the trigger price is the approximate price it has bought the asset.
If the current position is SHORT then the trigger price is the approximate price it has sold the asset.

Current Price

The current price indicates the latest known price, and it’s used for the P&L calculations.

Alerts and Algorithm Upgrades

Alerts are rare events of the system, like algorithm upgrades and important notifications.
Alerts are prefixed by the 🔔🔔 icons.

A typical alert signal would look like this:
🔔🔔 EXAMPLE ALERT

Algorithm upgrades are usually uneventful, but there are two key indicators to bear in consideration during an upgrade, that could indicate us to change our position.

If the position indicator changes during an algorithm upgrade, there will be no buy/sell signal. This event is extremely rare, but it could happen. If that’s the case, update your position to the position directly below the alert. The alert works like a signal in this case.

The most likely scenario, is the triggerPrice update, this is just informative, and it will indicate that the new algorithm took the position at a different price than the previous algorithm.

Sometimes the Symbol indicator can change, the most likely scenario is that we switch stablecoins to match the most regulated and secure coins available.

Algorithm

There’s also a special indicator, the algorithm indicator, which is a small hash used to identify the current algorithm of a trader instance. If the algorithm is changed, this indicator will change as well.

The algorithm indicator is also used to keep track of different trader instances, in case of multi-trader channels, where there’s more than one trader instance per symbol, the algorithm indicator will help us differentiate each one of them.

Conclusions

As you can see, the Bot signals are quite simple and straightforward, it is very important to understand the signals and their meaning before trading, as well as following the performance to manage the risk exposure.

The Bot performance is volatile, it’s not meant to profit on every single trade. Instead, it’s on the average of all the trades where the profit exists.