The Pilot app allows users to monitor the collective actions of market participants in real time for potentially lucrative trade opportunities. It can be used to track buy and sell signals in stock, crypto, forex, and futures trading.
More information is available at https://pilottrading.co/
What makes the app unique are four algorithms that work together to determine if a particular security or digital asset is overbought or oversold.
One such algorithm is Perception, which uses sentiment analysis to forecast whether the price of a security will continue to follow the current trend or undergo a reversal. Another algorithm is Commitment, which measures the strength of intent of all participants to move in a particular direction.
“Pilot informs users on overbought and oversold conditions because they indicate imminent reversals that could lead to massively profitable trades,” the company’s spokesperson said. “While not the sole indicators for price reversals, one can use the insights provided by the app in conjunction with other analytical tools and strategies to make a more informed decision.”
For ease of use, the algorithms are color-coded, with red lights indicating an overbought market and blue lights indicating an oversold market. The number of illuminated lights of the same color indicates the strength of the trading opportunity.
Moreover, the app provides default watchlists for tracking popular blue-chip stocks and digital assets, but users have the option to create custom watchlists for specific securities or tokens.
To familiarize users with the app’s features, Pilot offers a demo mode that simulates trading with a live brokerage account using delayed market data. This enables users to gain confidence and experience the app’s functionality before investing funds in a real account.
Moreover, a freely available resource called Pilot Academy provides users with the opportunity to learn how to interpret the trading signals provided by the app.
Pilot’s basic plan costs $19.99 per month and provides access to its real-time monitoring feature, which can track over 60,000 securities internationally. The highest-tier plan is priced at $29.99 per month and offers the option to link Pilot to a broker account, allowing users to execute trades directly through the app.
Interested parties can find out more by visiting https://pilottrading.co/
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