As traders, one of our favorite trading strategy is the Long Short strategy.
A Long-Short strategy basically capitalize on the theory that what goes up will eventually come down. With CryptoHero, a trader can easily setup a Long-Short strategy using the following setup:
Bot A, an Advanced Bot, is setup for a Long strategy. Bot A will enter a crypto based on the trader’s entry conditions. On exiting, Bot A will call Bot B using CryptoHero’s Strategy Designer.
Bot B, also an Advanced Bot, is setup for a Short strategy. It will sell a crypto when the entry condition is met and exit (buying back the short sale) when the exit conditions are met. On exiting, Bot B calls Bot A and the whole Long-Short cycle repeats.
In fact, CryptoHero is so powerful as a trading system that it allows traders to setup an infinitely possible number of combinations. For example, in a bull market, a trader may want to setup a Long-Long—(Long)-Short strategy. And vice versa for a bear market.
Now with CryptoHero, a trader can finally trade easier and not harder!