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When should I switch my bot on or off?
Most of our strategies are using indicators to determine whet ever or not the market is in uptrend. If there is not enough confirmation the strategy is not sending out any buy signals. To use the scalping strategies for maximized profits you can switch your bot on /off is by using Technical Analysis yourself. You can also use the pre-configured triggers in our templates
Shall I use DCA, SL or Short?
In order to determine if you are going to use DCA, Stop-Loss or Short, you have to consider many things: What are the projects I'm trading against? How is the market right now? What is my own risk/reward ratio that I'm willing to use?
DCA is a very aggressive and risky trading tactic. Your rewards are higher, but so are your risks.
With Stop-Loss you have less risk but also fewer rewards.
Shorting is a way to avoid losses on projects you hoddle. Shorting allows the bot to sell your holding and buy it back later for a cheaper price.
Read the cryptohopper documentation for more details:
Why is my scalp strategy not sending out any signals, the market is going up?
This can have different reasons. First of all, always make sure that there are not any errors in you base config.
Our strategies are configured on multiple time frames and with different purposes. Scalping in a bearish sentiment is risky, in order to prevent losses it needs to have multiple confirmations that the trend will continue and that you will not scalp right at the top.
Which Bitcoin devil strategy shall I choose?
That all depends on the purpose for which you're going to use the strategy, are you position trading, daily scalping, swing trading?
A short overview of our strategies and what they aim to do:
SWING MEISTER: Developed to create maximized profits over a longer period of time in a bullish sentiment. This strategy is not sending out buy signals when the market sentiment is bearish. This strategy is trading the primal and the secondary trend.
SWING MEISTER PREMIUM: Developed to create maximized profits over a longer period of time in a bullish sentiment. This strategy is not sending out buy signals when the market sentiment is bearish. This strategy is trading the primal and the secondary trend. Even more sophisticated than
SWING MEISTER due to the Hero Hopper indicators.
ALTCOIN SCRAPER (PREMIUM): Aiming to create daily profits by scalping altcoins. This strategy is designed to look for short entries and short exits in every trend. This strategy can be deployed in a bear market.
VOLATILITY HERO: A scalping strategy which can be used in every market sentiment due to the hero hopper indicators. This strategy is looking for entries based on volatility. Frequency is low but with a high accuracy. This is our most conservative strategy and comes close to a 'set and forget'.
BTC HERO: A scalping strategy developed with the same purpose as VOLATILITY HERO. Only then specifically tailored to trade with BTC as base currency.
Crash accumulator: This strategy is developed for position trading. Using indicators on a large time frame this strategy is used to buy at 'accumulation' periods and trying to sell when a blow-off top is about to happen.
Bull Rider: This is our most aggressive strategy. Only to be used when the market is greedy and the sentiment is bullish. Giving out many signals. Designed to be backed up by DCA for maximized profits.
How are the Bitcoin devil strategies determing if the sentiment is bullish or bearish?
Our strategies are determining if a trend is bullish or bearish by using indicators on a large time frame. If a strategy don't meet the requirement it's not sending out any signals.
What is the right Cryptohopper subscription for me?
To get more detailed information on which subscription to choose we would direct you to the documentation found on the cryptohopper website:
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