Strategies are fantastic resources if you’re still learning technical analysis and are looking for help to improve your signaler results.
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 these criteria are met, an order will be placed.
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.
Checking out if a strategy suits you is one of the hardest things to determine, and it is something you have to decide for yourself. 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 strategy’s page provides an overview of the strategy and other helpful information.
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, so this would be considered a day trading strategy.
Check out the strategy’s user ratings to see how well the strategy is received in the community.
Another great way to check 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, then you will need to purchase the strategy again.
Once you have downloaded a strategy, 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 your downloaded strategy.
Now you’re 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!