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Signal Pilot

Getting Started Prerequisites

Before starting with Signal Pilot indicators, verify you have all necessary components. This checklist supports a smooth setup and successful experience.

✅ Requirements Checklist Beginner Friendly

💻 1. TradingView Account (Required)

Recommended Requirement

Minimum: TradingView Essential (paid plan)

Why paid subscription is required: - Signal Pilot indicators use advanced Pine Script features - Free TradingView accounts have limited functionality - Private/invite-only scripts require paid subscription

Recommended plans: - Essential ($14.95/month) - Minimum for indicators - Pro ($29.95/month) - Better for active users (more alerts, faster data) - Pro+ ($59.95/month) - Best for serious users (even more features)

What you get with paid plans: - Access to private indicators - More simultaneous alerts - Faster data feeds - Multiple charts per tab - Priority customer support

Common next step: Upgrade your TradingView account

🔑 2. Signal Pilot Subscription (Required)

Recommended Requirement

Purchase & Access:

  1. Purchase the Signal Pilot Suite
  2. Visit signalpilot.io/#pricing
  3. Choose your plan

  4. Complete payment

  5. Check for confirmation email

  6. Check inbox and spam folder

  7. Contains access instructions

  8. Provide your TradingView username

  9. Reply to email or use provided form
  10. Important: Provide your EXACT TradingView username

  11. Find it at: TradingView → Profile → Settings

  12. Wait for access grant

  13. Usually within 24 hours
  14. You'll receive a confirmation email
  15. Indicators will appear in your TradingView account

Common next step: Complete purchase and access request

Highly Recommended

Key concepts to understand:

Essential concepts: - Support and resistance levels - Candlestick patterns basics - Trend identification (uptrend, downtrend, range) - Risk management basics (stop losses) - Position sizing fundamentals

Good to know: - Multiple timeframe analysis - Volume analysis basics - Common chart patterns - Risk/reward ratios

If completely new: - Take a basic trading course first - Practice with paper trading for 1-2 months - Learn candlestick basics - Understand risk management fundamentals

Resources for beginners: - TradingView Education - Investopedia Trading Basics - Signal Pilot Education Portal

Common next step: Assess your knowledge and fill any gaps

🏦 4. Trading Platform/Broker (If Trading Live)

For Live Trading

For paper trading: Just TradingView is sufficient

For live trading: A broker is needed

Compatible brokers: - Any broker that supports the desired markets - Crypto: Binance, Coinbase, Kraken, etc. - Forex: OANDA, FXCM, Interactive Brokers - Stocks: TD Ameritrade, Interactive Brokers, Fidelity - Some brokers integrate with TradingView

TradingView broker integration: - Some brokers allow trading directly from TradingView - See the TradingView Brokers page for options

Common next step: Set up your broker account (if trading live)

💰 5. Trading Capital (If Trading Live)

For Live Trading

Recommended minimum capital:

Paper trading: $0 (virtual money)

Live trading minimums: - Crypto: $500-$1,000 minimum - Forex: $500-$1,000 minimum - Stocks: $2,000-$5,000 minimum (depends on broker/regulations)

Note: These are typical minimums observed in the industry, not recommendations. Individual circumstances vary.

Why these minimums exist: - Proper position sizing with 1-2% risk per trade - Example: $500 account × 1% = $5 risk per trade - Below these amounts, position sizing becomes difficult

IMPORTANT: - Only trade money you can afford to lose - Start with paper trading first - Transition to live only after consistent paper profits - Never trade rent money, savings, or borrowed funds

Common next step: Verify you have appropriate capital (or start with paper trading)

⏰ 6. Time Commitment

Plan Your Schedule

How much time is needed?

Initial learning phase (first 2-4 weeks): - 1-2 hours daily to learn indicators - Study signal types - Practice signal identification - Perform paper trades

Ongoing trading time:

Day trading: - 4-6 hours during market hours - Pre-market prep: 30 minutes - Post-market review: 30 minutes - Total: 5-7 hours/day

Swing trading: - Check charts 2-3 times daily (30 min each) - Weekend analysis: 1-2 hours - Total: 3-5 hours/week

Position trading: - Daily check: 15-30 minutes - Weekly analysis: 1-2 hours - Total: 2-3 hours/week

Common next step: Choose a style that matches your available time

7. Technical Equipment

Minimum setup: - Computer or laptop - Reliable internet connection - Modern web browser (Chrome, Firefox, Edge)

Recommended setup: - Computer with 8GB+ RAM - Dual monitors (one for charts, one for watchlist) - High-speed internet (cable/fiber) - Mobile device for alerts

Browser requirements: - Modern browser (updated within last year) - Enable JavaScript - Enable cookies - Allow pop-ups for TradingView

Mobile trading: - TradingView mobile app (iOS/Android) - Good for monitoring, alerts - Not ideal for full analysis - Better for swing/position trading

Common next step: Verify your setup meets requirements

8. Market Selection

Choose your markets:

Signal Pilot works on ALL markets: - Cryptocurrency (24/7 trading) - Forex (24/5 trading) - Stock indices (market hours) - Individual stocks (market hours) - Commodities (varied hours)

Examples by experience level:

Beginners: - Bitcoin or major crypto (24/7, volatile, liquid) - Major forex pairs (EUR/USD, GBP/USD) - Major stock indices (SPY, QQQ)

Intermediate: - Multiple crypto pairs - Multiple forex pairs - Large-cap stocks

Advanced: - Any liquid market - Multiple markets simultaneously

Common next step: Choose 1-3 markets to focus on initially

📋 Pre-Setup Checklist

Complete these items before starting:

  • You have an active TradingView paid subscription
  • You've purchased the Signal Pilot Suite
  • You've provided your TradingView username for access
  • You've received the confirmation email (access granted)
  • You have basic trading knowledge
  • You've set up your broker account (if trading live)
  • Your trading capital is ready (or you've planned paper trading)
  • You understand the time commitment
  • Your computer/equipment is ready
  • You've selected your markets

All checked? → Proceed to the Onboarding Checklist

Missing items? → Complete prerequisites first

🎓 Learning Resources

Before Trading Begins

Free resources: - TradingView Education Center - Investopedia Trading Basics - Babypips Forex Education (good for beginners, applies beyond forex)

Signal Pilot resources: - Quick Start Guide - 5-minute tutorial - FAQ - Common questions - Glossary - Term definitions - Education Portal - Video tutorials

🚫 What You DON'T Need

Common misconceptions:

❌ Not needed: Programming knowledge ✅ Reality: Indicators are ready to use, no coding required

❌ Not needed: Trading bots or automation (initially) ✅ Reality: Start with manual trading, add automation later if desired

❌ Not needed: Expensive courses or "gurus" ✅ Reality: Signal Pilot docs and practice are sufficient

❌ Not needed: All 7 indicators from day one ✅ Reality: Start with Pentarch, add others as you progress

❌ Not needed: Huge capital to start ✅ Reality: Paper trading is free, start live with $500-$1000

❌ Not needed: Quitting your job ✅ Reality: Start part-time, swing trading works with a 9-5 job

Prerequisites Checklist

Before proceeding, verify you have:

  • ✅ Active TradingView paid subscription (Essential or higher)
  • ✅ Signal Pilot indicator access confirmed
  • ✅ Basic chart reading knowledge (support/resistance, candlesticks)
  • ✅ Clear expectations about learning timeline (weeks, not days)

If all checked: Proceed to Quick Start Guide or 7-Day Onboarding
If missing any: Review the requirements above before starting to avoid frustration.