How does Blackhedge work?
Blackhedge is a companion app to your investing platform of choice like Robinhood or Fidelity. Our app analyzes real-time market data to identify price patterns across the entire stock market, and provides algorithmic trading signals for when to buy or sell individual tickers based on which way the stock price is trending.
You can use it to get trading signals for certain stocks you like, or scan the markets for recent Buy and Sell signals that you can leverage if you’re a trader!
Nov. 28, 2023
What do the Buy and Sell signals mean?
Our Buy and Sell trading signals are momentum indicators that use the power of predictive algorithms to analyze when prices are trending up or down. These signals indicate when prices are trending up or down based on price and volume action. So when you see a Buy signal (▲) it means that the stock price is trending up and that it might be a good time to buy the stock. And vice versa for the Sell signal.
Nov. 28, 2023
How accurate are these signals?
Please be aware that these signals are not 100% accurate. Because they’re based on market conditions which can change very rapidly (especially with highly volatile stocks), sometimes our signals can produce false alarms or come after prices have moved significantly in one direction.
So far we’ve seen around 88% accuracy with our signals, meaning 88% of the time when there’s a buy or sell signal the stock price goes up or down, respectively, following the signal. We built Blackhedge because we believe that individual investors and traders can perform better in the market if they use algorithms instead of their emotions to guide their decisions.
Nov. 28, 2023
Can I trade on Blackhedge?
Not at the moment. You must go off-app to your brokerage platform like Robinhood to place your trades. However, we’re launching our brokerage integration feature at the end of July which will allow you to securely connect your 3rd party brokerage account to our app, and place your buy and sell orders directly on Blackhedge. These trades will execute through your broker, so you’ll see the order reflected on your Robinhood account (or whichever online brokerage you use), but now you have the convenience of placing the orders on Blackhedge once you see a signal you like instead of having to leave the app every single time.
Once you connect your brokerage account, you’ll also be able to see all your other investments and manage your portfolio directly on Blackhedge’s trading floor, including selling stocks you previously bought.
Nov. 28, 2023
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