CryptoHero's Sell Bot allows a user to sell an existing asset based on the desired Exit Conditions. For example, if a user already has 1 Ethereum and would like to sell 1 ETH when the price reaches a certain level, the Sell Bot can be used for such a purpose.
Setting the Average Entry Price
The Average Entry Price allows the Sell Bot to know what is your cost for acquiring the digital asset. It is used to calculate the Profit and Loss for the deal when the Sell Bot exits. If the Average Entry Price is set as zero, then the PnL will be zero as well.
A user can configure the bot to exit based on the following conditions:
when a price level is reached
Difference Between Exit Bot and Sell Bot
The Exit Bot will immediately use the fund allocation to buy the selected digital asset. The Sell Bot will not. It will assume that you already have the digital asset that the Sell Bot will sell when the exit condition is met.