Since our launch in September 2022, we have consistently utilized our signals and generated profits every month. However, we understand that some users may have experienced significant losses while using BitsTurtle Invincible Signals, and we would like to help.
If you have suffered losses, it’s possible that they were caused by not following our instructions. Here are some potential issues and solutions:
1. Incorrect settings:
Make sure you have configured your account according to our instructions to avoid losses.
Click Here to see the guide on how to configure your account settings.
2. One-way position mode:
For our settings to work correctly, you are required to have Hedge Mode enabled, as our signals are sent for both long and short directions.
Click Here to see the guide on how to change from one way mode to hedge mode.
3. Large amount per trade:
We have run multiple backtests to ensure that our strategy always yields a profit regardless of market conditions. However, changing the amount per trade to bigger amount can result in short-term profits but will result in big losses in the long run.
Click Here to see the guide on how to configure your account settings.
4. Large number of maximum simultaneous trades:
Using a large amount for the maximum simultaneous trade can also result in short-term profits but will result in significant losses in the long run.
Click Here to learn more in depth on why we need to have 10 max trades.
5. Using other signals or manually trading in the same account:
If you use other signals or do manual trading in the same account you are using Bitsturtle signals, then you will get liquidated , which is why we always recommend using a separate subaccount for our signals.
Click Here to see the guide on how to setup Bybit subaccount.
6. Withdrawing a large sum of money while there are open trades:
If there are open trades and you withdraw a significant amount of money, it will result in your trades closing at a loss and you being liquidated. You should always make sure all your trades are closed before withdrawing a large sum of money.
7. Manually closing a trade from Bybit:
You should never close a trade manually from Bybit, even if it shows a profit in Bybit, as Bybit trades are always shown by averaging multiple trades of the same coin into one single trade that can mislead the actual result. That’s why we always advise closing trades from Cornix when you see a profit of more than 5% in the Cornix app.
Click Here to learn more in depth on why this happens.
8. Looking at profit and loss from Bybit:
You should never check the profit and loss from the Bybit exchange as the data represented in Bybit can be misleading if you are a new user of the Bybit platform. This happens because Bybit averages all the trades of the same coin open for the same direction into one single trade.
Click Here to learn more in depth on why to always check your profit and loss from Cornix.
9. Not adjusting Max Simultaneous trade:
When you edit a trade in any way, whether you’re adding a new entry for a trade or adjusting the take profit, it will count as an edited trade.
Therefore, you’ll need to adjust the maximum number of simultaneous trades allowed in your account configuration when any form of adjustment is made on the open trade.
Click Here to learn more about managing your trades on BitsTurtle.
Support:
If you believe the losses you are seeing is caused by none of the reasons mention above then please submit this form.
