CryptoHero Blog

Scalping is one of the main crypto trading strategies which involves gaining profit from small price movements. Compared to Day Trading, scalping places more emphasis on technical analysis than fundamental techniques.   Therefore, it’s very common for scalpers to be dependent on candlestick chart patterns, support and resistance levels, as […]

Annual Percentage Yield — or APY for short — calculates the return of an investment over a 12 month period based on compounding interests or returns within the same period. For instance, if a bot that has been operating for 6 months and has an absolute 25% return — the […]

In the 1980s, well-known technical trader John Bollinger developed an analysis tool that provides better chances of determining whether prices are high or low on a relative basis. Traders would use these charts to aid them in their decision making, to control automated trading system, or as tools for technical […]

In the late seventies, Gerald Appel developed one of the most simple yet effective momentum indicators around — which is the Moving Average Convergence Divergence oscillator or MACD (mac-dee). Designed to identify shifts in the momentum, direction, strength and duration of price trends, the MACD is calculated by subtracting the […]

In the context of finance, a moving average is a technical indicator that calculates the price points of an asset within a specified time frame — which in most cases, a 200-day period timeframe is used. By doing so, traders can determine the trajectory of the current trend while also […]

In 1994, Tushar S. Chande and Stanley Krolla published a book called “The New Technical Trader” — which explains a derivative of the Relative Strength Index or RSI called the Stochastic RSI. The two developed this indicator in order to increase sensitivity and to generate more signals than any traditional […]

One of the legendary figures who greatly influenced the trading world is Munehisa Homma (moo-ne-hee-sa ho-ma), who was known as the “god of the markets” of his time. Originally a rice merchant from Sakata (sa-ka-ta), Japan, Homma became an expert rice futures trader at the world’s first formal futures exchange […]

Although automated trading certainly does brings plenty of benefits to the table, it is by no means an infallible solution. An experienced trader will know that market moves in a random pattern. A bot that is configured for a particular market phase, such as a consolidation phase, will most likely […]

With every passing time, the bot will evaluate and execute orders based on the entry and exit conditions. Once the exit condition is met, the bot will “exit” the trading position by selling assets. There are two types of exit conditions. The Take Profit instructs the bot to close a […]