What is a strategy?
Say that you aren't as versed in the complex art of Technical analysis yet and you tried signalers, but they didn't work out for you. Give Strategies a chance!
In essence, a strategy is a mix of several indicators. Hand-picked by a strategist.
Cryptohopper uses these strategies to check for a suitable buy / sell criteria. After which an order will be placed.
Getting started with strategies
The first step to getting started with strategies is selecting one that you like!
Strategies can be found under the "strategies" tab in the marketplace.
How to see if a strategy is for you?
Checking out if a strategy suits you is one of the hardest things to determine, and is a question that can only be answered by you, we can however, give some pointers as to what to look for!
Once you have selected a strategy you like. you will be forwarded to the strategists page.
The strategists page can give you a lot of clues as to what type of strategy they are offering. One of the clearest depictions would be the strategy overview.
Just like the example shown above, signalers will more often than not explain what type of strategy they are offering. In this case the average holding time is 12 hours, this would be considered a day trading strategy.
Check out the ratings that users give the strategy, these will show you how well the strategy is received in the community.
Another great way to check out if a strategy suits you is to simply ask!
99% of our strategists have their social media listed on their profile. You are always free to reach out to them. Or ask around in our community on Discord! A lot of users will happily help you pick the strategy you need.
Automatic updates Many strategies come with automatic updates, this means that when the strategist tweaks his strategy, your hopper will automatically be updated to the latest version!
Once the updating period is over, your strategy will not stop working, it will simply stop being automatically updated. If you would like to receive further updates, you will need to purchase the strategy again.
Adding the Strategy to your hopper
Once you have picked your strategy and downloaded it. It is time to add it to your hopper.
In order to do that, navigate to your hoppers Baseconfig (Note : The example uses a regular trading hopper.)
Once the config page has loaded, find the tab labeled "Strategy" and select the strategy you have downloaded.
From here on out you are trading on your new marketplace strategy! Don't forget to save the configuration for the changes to take effect.
If you like the strategist, make sure to leave a review and tell them you like the strategy, it will make their day!