Advanced Bots

Available to Premium and Professional users.

Advanced Bots give users absolute control over the parameters associated with a technical indicator. New users or traders are strongly advised to understand how a technical indicator works before trying to configure the indicator's parameters.

New 2 Hour Trading Frequency is available in Advanced bot

Professional Plan users have access to 5 minute Trading Frequency

To access the settings, simply add Advanced Bot (only Premium and Professional users will be able to) and choose the technical indicator.

(Advanced Bot)

Click the settings icon in the green box. The parameter window will pop up. An example for Bollinger Band is shown below.

(Entry parameter setting for Bollinger Band)

Please note that this setting applies to the Entry indicator values. If you add Bollinger Band to your exit condition and click on the settings icon, you will see the corresponding Exit indicator values.

(Exit parameter setting for Bollinger Band)

You may also choose a different Period for each Entry and Exit indicator values.

This User Guide will not dwell into the mechanics of each parameter for every technical indicator. This subject requires your own self-study.

Minimum Price Gap Between Orders

CryptoHero offers traders the ability to set a minimum price gap between each order. This is to prevent the bot from executing extra orders at prices that are close to each other thereby negating the benefits of extra order.

(Very useful minimum price gap between orders)

For example, if you set 2% as the minimum gap, CryptoHero will require at least 2% price difference with the last filled order before executing the current order. So, if the last order is 100 USDT, the next order has to be priced at 98 USDT or less.

Active Trailing

If Active Trailing is enabled, it means that the extra order will be triggered if the indicator values continues to fall to the Level configured for Extra Order.

If it is disabled, it means that the indicator value has to rebound above the Base Order indicator Level and falls back to the Level configured for Extra Order, in order for the Extra Order to be executed.

Example A: if Active Trailing is enabled using simple 30 RSI signal for buy, and 25 RSI signal for extra order.

Time	RSI	Execute Order?
T	50	No
T+1	29	Base Order
T+2	24	Extra Order

Example B: if Active Trailing is disabled using simple 30 RSI signal for buy, and 25 RSI signal for extra order.

Time	RSI	Execute Order?
T	50	No
T+1	29	Base Order
T+2	24	No
T+3	32	No
T+4	24	Yes

You can configure Entry and Exit parameters

Exit Condition

CryptoHero's Advanced Bot offers quite a few conditions for exiting a deal. One of the popular one is through Indicator Exit. Some traders would like to pair an exit indicator with a minimum profit. Hence, CryptoHero offers a Minimum Profit for Indicator Trigger option.

This is useful when the bot enters a deal at a set indicator level (for example RSI = 30 and price of ETH/USDT = 3000) but if the user selects RSI = 70 for exit AND if the market had been free falling after the deal is opened, even though the RSI may rebound to 70, the exit price could still be lower than the entry price. Closing a deal at this stage would result in a loss.

Hence, a trader may require a deal to have at least profit even though the exit indicator condition is met.

For example, if Minimum Profit for Indicator Trigger is NOT enabled:

Action	RSI	Price
Buy ETH/USDT	30 (Entry condition met)	3000 USDT
Does nothing	25	2900 USDT
Does nothing	35	3050 USDT
Does nothing	25	2700 USDT
Sell ETH/USDT	70 (Exit condition met)	2950 USDT
		exit with loss

But, if Minimum Profit for Indictor Trigger IS enabled:

Action	RSI	Price
Buy ETH/USDT	30 (Entry condition met)	3000 USDT
Does nothing	25	2900 USDT
Does nothing	35	3050 USDT
Does nothing	25	2700 USDT
Does nothing	70 (Exit indicator met but Min Profit not met)	2950 USDT
Sell ETH/USDT	75 (Exit indicator and Min Profit met)	3100 USDT