Trade Definity +100 (10) with Keltner Channels Indicator: Detailed Review of Trade Definity Version +1
Updated
Introduction to Trade Definity 10 (+1 model)
Trade Definity +100 is a semi-automated trading platform that focuses on AUD/SGD; according to public sources, the project was recently introduced and offers traditional trading features combined with the latest automation and AI technologies.
With its automated capabilities, Trade Definity +1 project AI algorithms empower traders to make informed investing decisions. It’s like having a personal analyst right next to you while trading the financial markets, especially with its integration with the most popular technical indicators like the Keltner Channels.
Official Trade Definity Registration
Please note that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance will be profitable.
Key features and benefits of Trade Definity +1
Pros
- Fast execution speed
- Multi-language support
- Extensive deposit options
- Availability of Islamic (swap-free) accounts
- Frequent platform updates
Cons
- Higher spreads on less liquid assets
- Limited customer support hours
- Limited bonuses for high-tier accounts
- No micro-lots for all asset classes
- Limited asset classes in some regions
*According to public sources and the platform’s website
Trade Definity +1 Overview (Including versions 10, and +100)
Trade Definity +1 uses the Keltner Channels indicator to trade AUD/SGD and other assets. When trading AUD/SGD, Keltner Channels (KC) can help spot potential buy or sell signals based on price movements. If the price breaks above the top band of the channel, it may indicate strong upward momentum and a possible time to sell, as the price might be overbought. On the other hand, if the price falls below the bottom band, it could suggest downward momentum, potentially signaling a buy opportunity since the price might be oversold. The middle line acts as a trend indicator, showing whether the overall movement is up or down, it uses artificial intelligence to assess its probability of success by analysing similar patterns from the past before making a trade.
Is Trade Definity for you?
Trade Definity +100 and its latest 10, and Trade Definity +1 versions are suitable for:
- Beginners who need a guiding hand in the trading world.
- Experience traders who are seeking a project that offers AI-generated insights.
- Traders focused on AUD/SGD and other major trading symbols.
- Individual investors and financial enthusiasts.
- Anyone who has a smartphone and/or computer with a high internet connection.
The financial world can be overwhelming due to its complexities, extensive fundamental data, technical jargon, and wide range of financial information and trading instruments. Trade Definity +1 offers a solution with its robust AI system and features.
Trade Definity +100, including versions 10, and +1 focuses on AUD/SGD:
Keltner Channels (KC) – AUD/SGD (Australian Dollar/Singapore Dollar)
This is a currency pair that shows how much SGD you’d need to purchase one AUD, and it’s a fairly commonly traded currency pair in forex markets since there are pretty distinct characteristics with both economies. For example, Australia’s economy is more commodity-driven – whether that’s exporting minerals, energy, or even agriculture – while Singapore is more of a global financial hub with an economy influenced by trade and financial services.
That said, the AUD/SGD exchange rate usually has a bunch of different influences, including things like:
- Global risk sentiment (which is one of the main reasons why this can be such a volatile pair to trade)
- Interest rate differentials
- Economic data releases
- Shifts in global commodity markets (especially in Australia’s case)
- Geopolitical developments
Keltner Channels on Trade Definity +1
What Are Keltner Channels (KC)?
This is a pretty apt technical analysis tool considering the currency pair that we’re looking at here, as it’s a volatility-based tool – essentially providing you with a better understanding of price movements and trends. It’s made up of three different lines:
- A central line that’s usually a 20-day exponential moving average (EMA)
- Two outer bands that you calculate by adding and subtraction a multiple of the Average True Range (ATR) from the EMA.
Basically, those outer bands just mentioned will adjust dynamically whenever there’s any volatility – expanding when there’s high volatility and contracting during quieter periods. Ultimately, we’re using KC to spot potential reversal points and overbought/oversold conditions and to generally help us find an entry or exit point.
Again, since AUD/SGD is a fairly volatile tool, you’re well off using a tool like Keltner Channels since you can spot potential breakout or reversal scenarios by watching the channels. If the price ends up breaking above the upper channel, you might take this as a bullish movement where you can go long. Conversely, breaks below the lower channel tend to mean bearish momentum is on its way, which would give you a chance to short.
Best of all, this is a versatile indicator that you can use across a range of different timeframes – 1-hour for all you day traders looking to capture intraday moves, daily charts for swing traders who want to spot broader trends.
It sounds all positive up to this point, and while KC is definitely something you’ll want to use when trading volatile currency pairs like AUD/SGD, it still comes with a few pitfalls. For example, given how much the indicator relies on past data, it can lag quite heavily in fast-moving markets, which can result in false signals – especially if the AUD/SGD pair has particularly low volatility at that specific moment.
As such, just make sure that you’re using this technical indicator alongside a range of other tools if you want the most accurate results.
Previous versions of Trade Definity 10
We reviewed the latest version of Trade Definity 7.7 and according to the platform webpage it includes features and tools of all the following versions: Trade Definity 0.7, and Trade Definity i700.
FAQ
Currently, Trade Definity does not offer a dedicated mobile app. However, the platform is designed with a highly responsive and user-friendly interface, ensuring it adapts seamlessly to any device. This means you can effortlessly access and navigate Trade Definity on smartphones, tablets, and computers, providing a consistent and efficient trading experience across all your devices.
To register with Trade Definity, simply visit their official website, click on the “REGISTER SECURELY” button, and fill in the required information such as your name and email. After verifying your email through a link sent to you, complete any additional identity verification if needed, deposit your initial funds, and you’re ready to start trading. It’s a quick and easy process to get you trading in no time.
According to the official website, using Trade Definity comes at no cost. However, traders are required to fund their accounts with a minimum of $250 to begin trading, which is fully utilised as trading capital.
Our Conclusion
Trade Definity 10 and its latest, Trade Definity +1 and Trade Definity +100 versions offer an exciting mix of AI-powered insights, advanced charting capabilities, and user-friendly design, making it an excellent choice for traders at any level.
Please be aware that any types of trading involve risk and may lead to losses, you should therefore not invest funds that you cannot afford to lose. Always conduct your own research, understanding the risks, and plan your investments accordingly.