What Are Buy/Sell Signals?
Buy and sell signals are algorithmic indicators that tell you when to enter or exit a trade. Unlike manual analysis, signals are generated by mathematical conditions — removing emotion from trading decisions.
A good signal includes:
- Entry price — where to buy or sell
- Take Profit levels — where to take gains (TP1, TP2, TP3, TP4)
- Stop Loss — where to cut losses if the trade goes wrong
Setting Up Buy/Sell Signals on TradingView
- Open TradingView and go to any chart
- Click Indicators in the top toolbar
- Go to Invite-Only Scripts tab
- Search for ZanSignals and click Add to chart
Risk Management
Never risk more than 1-2% of your capital per trade. With ZanSignals:
- TP1 is the conservative target (hit ~80% of the time)
- TP2-TP4 are extended targets for running winners
- Stop Loss is your maximum risk per trade
Move your Stop Loss to breakeven after TP1 is hit to protect profits.
Common Mistakes When Using Trading Signals
1. Ignoring the Stop Loss
The most common mistake. Always set your Stop Loss — no exceptions.
2. Taking only TP1
While safe, consistently taking only TP1 limits your gains. Use a partial exit strategy: sell 50% at TP1, hold the rest.
3. Over-trading
More signals does not mean more profit. Quality over quantity — wait for the best setups.