Trading Signals with over 90% Accuracy; it’s True.

Fox Signals: A Thorough Review

C.W.Morton

Oct 03, 2024

I have been following Fox Signals for a little over 2 weeks after purchasing a lifetime license on App Sumo, and so far, the signals have proven to be at least 80% accurate on their worst days — staying in the 90% range most often.

They are consistent enough that I feel confident with testing this method, only……there is a problem.

As of now, there is no easy way to create trading bots that use their signals. They are not integrated with any platform (yet?), so it’s all manual trading.

They have a telegram, but they don’t push signals on it, so there is no way to integrate a telegram signal into a bot.

They are…. a little protective of their signal. And I suppose I cannot blame them.

How it Works

You receive a notification via their mobile app; then, you have to be ready to act on it using whatever exchange you prefer.

Signals come in at all hours, which is to be expected with cryptocurrency. Unfortunately, this means a nice chunk of the signals happen in the middle of the night, while I am asleep.

I am not certain why, but most of the signals seem to occur at night or early in the morning, and very few happen in my daytime hours here in the Pacific Northwest.

I am ready to start testing their signals, but it’s very likely I will miss out on many of the signals without a way to automate this adventure unless I want to re-arrange my life and become a night trader for a bit.

Hahahahaha. Mental image. That might make for some good content, what a great name….

The Night Trader

*Batman Voice*.
I may not be the crypto trader this city wants, but I am the crypto trader this city needs.

Let’s break down what we get with the Fox Signals mobile app.

Each signal is composed of :

A specific crypto
Time opened
Instructions to go Long or Short
Percentage of Portfolio
Each signal advises a Follow Take Profit (also known as Trailing Take Profit), always 3–5 levels deep.

You want to get in as quickly as possible after the signal goes live because sometimes the predicted gains are attained relatively quickly (within a few hours), and they often close out the same day or the next day.

Rarely is a signal open for more than 1–2 days, and they keep a history of their profit/loss. Users can see when a Signal hits a stop-loss vs. when they took profit, the trading history is all there to view.

Important Observation:

I have noticed that stop-losses tend to occur more often when the trade is kept open for a longer period. Profitable trades seem to be instances where they close out faster. Notice how the stop loss above — the position was open for 2 days and 5 hours.

Now check out the winning signals below, which are closed out in a shorter period:

All of the above-closed positions closed at different levels of profit, but all within less than 24 hours of opening the trade.

This is not always the case; there are exceptions, but in the last two weeks, I have observed it being fairly consistent.

One exception was the following signal that was left open for 3 days and actually maximized all 5 levels of take profit.

What determines when they close?

I have no idea. Is that part of their AI? Or is it manually closed on some indicator? That is just a mystery.

Each signal has TWO components.

The opening of the position, AND the closing of it.

It is important to follow both.

If you leave your trade open for too long after Fox Signals has closed theirs, you could end up hitting stop loss instead of profit take level 1 or 2.

Making Use Of Fox Signals

All of this means that if I were to test the entire signal set, placing money on each signal (there are 2–5 signals per day, average), I would be tethered to my computer and devices, just waiting to interrupt my life repeatedly.

So I will be testing a signal here, a signal there, but not really maximizing this unless I can automate it.

Spot vs Margin

You can easily use the signals with normal spot trading, if you prefer. There is no hard, fast rule that says you must use leverage.

More risk = more reward, but also greater losses, which is why, for this particular method — it is very important to heed their advice on stop loss percentages. I am more confident in testing futures trading for the first time using these signals — but I am also aware of their strategy. They seem to be closing out and taking profits, and only leaving their position open when <insert mystery factor> determines that they leave it open.

My martingale strategy does that, I always try to capture when I reach my target, which is 1% total gain.

Summary

So far, in my limited time observing, I am feeling confident enough to test their signals with real money.

However, until Fox Signals are integrated into a bot platform in a way where we can create a trading bot that acts on their signal while we sleep, we cannot maximize the potential of this useful stream.

The only thing I find concerning — they are so protective of their signal that they seem afraid to integrate with the bot services I prefer because they are afraid of people copying their signal and providing services without the permission of Fox Signals. This is admittedly a problem that I have no idea how they can solve, as anyone who wants to use their signal can always become a public trader profile with other people copying their trades.

Still, if we cannot integrate their signal easily with a trading bot, then we cannot really execute full potential of the Fox Signals strategy.

I’m still going to keep my lifetime license; who knows where things will go or if they will integrate into a platform in the future. I’ll stick around and find out.

I will still likely profit with a few manual trades and a higher degree of trust in their signals than I have with most telegram channels and other sources I have tested.

In the next few weeks, I will test and document my Fox Signal based trades.

Wish me luck!

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