CryptoHero makes automated trading accessible to everyone—no coding, no guesswork, just simple logic. One of the key tools behind this automation is technical indicators.
In this article, we’ll explain how popular technical indicators work, how they’re used in CryptoHero, and how you can start building rule-based strategies to automate trades.
Technical Indicators in CryptoHero
You don’t need to be a charting expert to use technical analysis. In CryptoHero, you simply fill out conditions like “Buy when RSI < 30,” and the bot will do the rest. Here’s a quick overview of the supported indicators:
| Indicator | Purpose | Example Use in CryptoHero |
|---|---|---|
| Bollinger Band | Measures price volatility using dynamic bands. | Buy when price drops below the lower band. |
| EMA | Tracks trend using a weighted average of recent prices. | Sell when price crosses below EMA(50). |
| RSI | Identifies overbought or oversold conditions. | Buy when RSI < 30. |
| Stoch RSI | Detects momentum changes based on RSI’s range. | Buy when Stoch RSI < 0.2. |
| MACD | Flags trend shifts using moving average convergence. | Buy when MACD crosses above signal line. |
| Volume | Confirms market strength based on trade activity. | Trigger trade only if 24h volume exceeds X. |
| TradingView Alert | Executes trades based on custom alerts from TradingView. | Bot activates when TradingView sends a signal. |
Setting It Up
With CryptoHero, setting up a strategy is as simple as choosing an indicator and filling in your preferred parameters.
Example:
If RSI is below 30 → Buy
If RSI is above 70 → Sell
You can build simple or layered strategies, and CryptoHero’s intuitive interface helps streamline the process for automated trading, even if you’ve never done it before.
Want to test before going live? Try Paper Trade Mode to simulate real conditions without using real funds.
Why Use Technical Indicators in Automated Trading?
Using indicators removes emotion and bias from your trades. By letting bots automate trades based on your logic, you gain:
Consistency in execution
24/7 market coverage
Less time monitoring charts
The ability to stick to your strategy
CryptoHero, established in 2021, continues to make this possible for both beginner and experienced traders.
Disclaimer
The information provided in this article is for educational and informational purposes only and should not be construed as financial or investment advice. The content reflects our personal views and experiences, and may not be applicable to your individual circumstances. Trading financial instruments such as stocks, options, futures, commodities and cryptocurrencies involves substantial risk and is not suitable for every investor or trader. You should carefully consider your investment objectives, level of experience, and risk appetite before engaging in trading.
Past performance is not indicative of future results. All investments and trading carry the risk of loss, and you should only invest/trade money that you can afford to lose. It is strongly recommended that you seek independent financial advice from a qualified professional before making any investment/trading decisions.
While we strive to provide accurate and up-to-date information, we make no guarantees regarding the completeness, reliability, or accuracy of the information presented. Any action you take based on the information in this article is strictly at your own risk.
We disclaim any liability for any loss or damage incurred as a result of the use of or reliance on the information provided in this article. Always conduct your own research and due diligence before making any financial decisions.
