Step Index in one definition
Step Index is a synthetic index offered on Deriv. It is not a stock, currency or company basket. Its price comes from a synthetic process designed to produce step-like moves. SIGNALSB uses the technical symbol stpRNG, preventing its quote from being confused with another index.
Why it is not forex
A forex pair reacts to rates, inflation, employment and global liquidity. Step Index does not have two national economies behind its price. Macroeconomic releases should therefore not be used to explain its moves. Analysis focuses on its own candles, structure, momentum and observed volatility.
How SIGNALSB analyses it
The engine separates M5/M15/H1 scalping from H1/H4/D1 day trading, then validates each direction with a no-lookahead backtest. A live BUY is not published when historical BUY results fail trade-count, expectancy, profit-factor or uncertainty thresholds. The public Deriv bid/ask must also be fresh and inside the calculated zone.
Risk, leverage and availability
Continuous availability does not mean continuous opportunity or predictable results. Leverage magnifies small changes and can accelerate losses. Define invalidation and stop loss first, then size the position so potential loss stays below 1% of equity. When no robust setup exists, waiting is a complete decision.
FAQ
Is Step Index driven by economic news?
Not like forex. It is a synthetic market analysed from its own data.
Does Step Index guarantee a move after a number of steps?
No. A past sequence never guarantees the next move.
Official and useful sources
Deriv — How to trade Synthetic Indices
Deriv Developers — Market data