American Pie

_{How to Follow American Pie Signals}

American Pie signals occur in real-time, with our platform updating positions live via The American Pie website.

_{Exchange Compatibility}

Our signals are compatible with any crypto trading exchange. However, please note that each exchange may have slightly different live prices for the same coin, known as "arbitrage." You may need to adjust your entry points, exit prices, take profit, and stop loss prices accordingly. These adjustments are normal, and it's your responsibility to manage your positions and monitor your trades accordingly.

_{Your Responsibilities}

Remember, you are responsible for your actions with every position you decide to take. Even the simple act of entering into a trade is your responsibility. If a trade is running in profit and meets your satisfaction, feel free to close your position. Similarly, if you're uncomfortable with a signal's makeup, refrain from taking the position. If a position is running at a loss and closing it brings you peace of mind, consider closing it. Trading signals serve as guideposts or guardrails to assist you. It is very common for professional and commercial traders to use our signals as a baseline or jumping-off point to build their own strategies. Unless you are implementing your own strategy, aim to stay within the signals' published prices and parameters when possible.

_{Trade Classifications}

Which trade signals should you choose? This is entirely up to you. There is something for everyone here, and traders tend to develop their own tastes over time. We primarily run five models of trading signals, each classified and titled accordingly on our signal cards. Classifying trade types remains subjective. Although traders may use similar classification titles, they all mean different things to one another. For clarification, please familiarize yourself with how we classify our American Pie trades.

• Scalp: Our shortest signal. Intended to open and close usually within 1-5 days. They can last hours and may exceed 5 days depending on market conditions. All Scalp positions are considered high risk unless otherwise noted due to time and price compression. They typically have a historically diminished return. While scalp trading can be exciting, please use your own judgment with the number of these positions you enter.
• Swing: Typically, 5-15 days depending on market conditions. American Pie Swing trades are the true workhorse of our trading strategy.
• Position: Position trades can be open long-term, usually at a minimum of a few weeks to many months. Please make sure you have decided to throw in for the long haul prior to entering. Check with your exchange to discover how long-term funding fees may potentially affect your position.
• Hedge: The AP strategy has two versions of hedge positions.  
  
  The “Direct Hedge” is a directional opposite trade for the same product. Example: BTC Long Swing-BTC Short Direct Hedge. Opening a Direct Hedge to your existing position is considered crucial and you should participate every time it is called . However, you do not need the parent trade open to enter a Direct Hedge-if you are simply looking for another trade to enter.
  
  The “Cross (X) Asset Hedge” is a directional opposite trade for a different (or any) product-and is used to counter balance or hedge the overall strategy/market exposure of a certain direction. These positions may or may not be important depending on how many trades you have open. They can be treated as a normal signal if you are simply looking for another trade to enter.
  
  When needed, we will call hedge trades to mitigate loss potential for existing trade(s) or to balance the overall strategy. Note that in order for you to hedge you will need to enable “hedge mode” on your exchange to open 2 trades moving in opposite directions: A Long and a Short. Selecting hedge mode on an exchange usually requires that you have zero positions open to make the selection. For hedge trades with different leverage values for the same product, you will most likely need to have one trade open on a different exchange as most exchanges will not allow crossing leverage amount differences for the same product. Having multiple trades open for the same product with different leverage/margin values is an advanced trading method. It is not crucial that you are able to participate using this method but it should be your goal to do so when you are able.
• Special: These trades usually occur due to known or discovered fundamental information related specifically to the product. It is possible that these trades will be out of the parameters of our normal risk management profile. Please review the signal details closely prior to deciding to enter.

While we always do our best to properly classify our signals prior to publishing, please understand that the market is always being the market.

Unless otherwise noted, all of our signals and trades operate on an 8-hour time frame strategy. If you want to follow along, make sure all of your charts are set to “8 Hours.”

_{Managing Active Positions}

For perspective, a small commercial trading desk will typically have about 50 positions open at one time. At American Pie, we run our trading strategy similar to a commercial trading desk. We will typically have 10-30 positions open at the same time. This is being done primarily to offer full market coverage to our members. Our members typically cherry-pick trades that match their personal strategy. The number of active positions is a personal choice. Having 2-5 active positions at any given time is very reasonable and about an average for retail traders. Overtrading and over-market exposure can become detrimental to your overall performance. Find your own pace. Although the total results on all of our compiled trades have extremely high-performance results-we recommend you do not take positions on every published signal. This will be considered over-trading and can put you at overexposure to the market.

_{Loss Mitigation Strategy}

During major market reversals, AP may move into a loss mitigation phase of the strategy. When events like this do occur, it will be important for you to take stock of your open trades and to monitor the Livewire for relevant updates. The Livewire Shift Operator will continue to review all open positions and, where appropriate, may call out signals for:

• Moving stop losses to entry prices.
• Closing positions.
• Opening hedge positions.

Hedging is a crucial component of the AP strategy. Please trade accordingly to maximize your program. Also, during extreme volatility, trading may be severely limited and or halted completely. If so, messages and instructions with full details will continue to broadcast on the Livewire. Extreme market conditions will always remain a very normal part of cryptocurrency futures trading. The American Pie overall strategy has components installed to account for these conditions. Keep in mind that all open trades are fully monitored around the clock by your Livewire Shift Operator. If an update is not broadcasted for an open trade you are in, it is because there is no update.

_{Multiple Target Closings - Are Very Expensive}

Using partial and numerous predetermined closing methods such as multiple-layered target closings, taking profits, or skimming is entirely your choice. While this trading method is very popular now, it significantly impacts your position's outcome and long-term PNL. Multiple laddered target closings can dilute a position's positive yield by more than 50-70%. Imagine accepting a 50-70% return loss on all your annual positions. Mathematically, it will be almost impossible to run a strategy into acceptable profit by using 3-10 profit skims per trade. This method has become popular and normalized by signal providers to show "wins" and to show some form of profit no matter how small. However, it is typically not a long-term solution for trading. The sensitive balance between reward and risk becomes completely skewed.

_{Our Live Partial Closings}

We may call for optional partial closings live on an active position. This usually occurs when the position's health changes due to market conditions, and we believe securing a profit is optimal. The more volatile the current market conditions, the more often these suggestions will arise. This is typically done simultaneously along with recommending moving the stop loss to entry. This "Locking In" method is used to secure profit. Closing a portion of a position once has a less dilutive effect on the position than multiple target closings and allows the position the opportunity to fully reach for its final TP at activation.

_{Risk Management Reminder}

Trade at your own risk. Only risk what you can afford to lose. Losing trades are inevitable, so plan accordingly. Consider the implications if the trades you're in all stop out in full losses. Past results have no bearing on future performance—ever.

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