Singapore’s blockchain advisory and investment firm Novum Group has launched a free crypto trading bot for beginners, CryptoHero.
Popular technical indicators such as Bollinger Band or Relative Strength Index will be added to the available list of technical indicators. Featuring a portfolio that allows users to access their trade history, profit, and loss records. The trading bot provides reports from both a detailed and basic perspective. Records on users’ performance with key metrics and indicators can help in figuring out strategies that are currently employed by the user in forecasting future performance.
“We are excited about the launch of CryptoHero. CryptoHero will give many of us who are time-starved to trade the crypto markets via automated trading bots” says, Christopher Low, chairman of Novum Group. He explained his excitement with the launch of CryptoHero. CryptoHero to benefit investors who are time-starved to trade the crypto markets through automated trading bots.
Crypto exchanges such as Binance, Huobi, and OKex connect with CryptoHero to select trading pairs, direction, and technical indicators to enter or exit the risk management settings. Running 24/7 on a cloud-based system, the trading bot executes trades through connected exchanges while notifying on a completed trade.
Irwin Chee, the cofounder of CryptoHero, says, “The 24/7 opening hours of the crypto market has necessitated the use of trading automation for investors that are involved in trading cryptocurrencies. Understanding this, we created CryptoHero to help investors automate trades right from their phone. Run it, manage it, anytime, anywhere”
Beginners can select the trading bot’s paper trade function to test trade using real-time data without risking real cryptocurrencies.
CryptoHero’s free account allows accessing up to 3 bots with all its indicators. Its premium plan supports an ample of bots with more features at $9.99 per month.
The crypto trading bot is currently available only on the web and iOS, its Android version will be ready by next year, while offering a free trial period of one month without a credit card sign up until December 2020.