CryptoHero offers a wide variety of trading bots designed to help you automate trades based on your preferences and market behavior. Whether you’re a seasoned trader or just exploring the world of automated trading, understanding these bot types is essential to building your ideal strategy.
Summary of Bot Types in CryptoHero
| Bot Type | Purpose | Suitable For |
|---|---|---|
| Simple Bot | Basic buy/sell setup with minimal configuration | Beginners |
| Advanced Bot | Rule-based with multiple entry and exit conditions | Experienced users |
| DCA Bot | Spreads buy orders to reduce entry cost over time | Volatile market traders |
| Grid Bot | Trades within a price range using pre-set grid levels | Range-bound strategies |
| Exit Bot | Exits trades based on specific indicators or conditions | Risk management |
| Price Bot | Triggers trades based on asset price conditions | Opportunistic traders |
| Sell Bot | Designed to liquidate positions under specific rules | Position management |
| Arbitrage Bot (Inter) | Profits from price gaps across different exchanges | Multi-exchange users |
| Arbitrage Bot (Intra) | Takes advantage of mispriced trading pairs in one exchange | Lower-risk automation |
| Trailing Stop Loss | Follows market price to lock in profit before reversal | Dynamic risk control |
| Trailing Take Profit | Adjusts target profit level with favorable market movement | Momentum-based strategies |
Bot Type Breakdown
1. Simple Bot
A great starting point for those new to automated trading. You define a single buy and sell condition. The bot executes when the condition is met.
Example: Buy BTC when RSI < 30, sell when RSI > 70.
2. Advanced Bot
Offers complex entry and exit logic using a combination of indicators. Ideal for experienced traders who want full control over their automation.
Set multiple buy and sell conditions using indicators like EMA, RSI, and MACD.
3. DCA (Dollar Cost Averaging) Bot
This bot spreads purchases at regular intervals to reduce the average entry price. Often used in volatile markets where price timing is uncertain.
You can customize how many entries, the interval, and the conditions under which it should buy.
4. Grid Bot
Perfect for sideways markets. Places buy/sell orders at predefined price levels, making profits on each swing in the range.
Just define the upper and lower bounds of the range, and let the bot handle the rest.
5. Exit Bot
This bot acts as a conditional exit trigger. You can pair it with existing positions or bots to manage your risk and profit-taking dynamically.
For example: Sell all ETH if price drops 10% from entry.
6. Price Bot
Trades based on raw price movements. Define specific prices to trigger a buy or sell action.
Example: Buy BTC at $60,000; sell at $65,000.
7. Sell Bot
Allows users to create rules to sell assets already held in the wallet. Often used for gradual liquidation or rebalancing.
8. Inter-Exchange Arbitrage Bot
Compares prices between two different exchanges to capture price gaps.
Example: Buy ETH on Binance at $1,500, sell on KuCoin at $1,540.
9. Intra-Exchange Arbitrage Bot
Operates within a single exchange. It utilizes inefficiencies across different trading pairs to profit from price discrepancies.
Example: Trade BTC/USDT → USDT/ETH → ETH/BTC to complete a profitable loop.
10. Trailing Stop Loss & Take Profit
Both tools allow your bot to adapt to price movements. They shift thresholds as prices rise or fall to maximize profits or minimize losses.
How to Set Up Your Bot in CryptoHero
- Head to the CryptoHero dashboard
- Choose “Create Bot”
- Select your bot type (e.g., Grid, Advanced, DCA)
- Fill in the necessary parameters (price range, indicators, triggers)
- Test with Paper Trading or go Live
For a full guide, visit: CryptoHero Bot Settings Documentation
Which Bot Type Should You Choose?
There’s no one-size-fits-all answer. Some traders prefer Advanced Bots for their flexibility, while others find Grid Bots more suitable for range trading. The best approach is to experiment using Paper Trading Mode to simulate performance before going live.
Explore our Strategy Marketplace to discover bots like the award-winning Sigma Series Fast that align with your trading goals.
Ready to Start Automated Trading?
Using pre-built bots offers a structured and efficient way to automate trades in the crypto market. Whether you’re diving into arbitrage or setting up a DCA plan, CryptoHero makes it easy to begin your journey into automated trading.
Try CryptoHero today → CryptoHero.ai
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.
