Novum Group, a Singapore-based blockchain advisory and investment firm, announced on Thursday the launch of its new free trading bot, CryptoHero. According to Novum, CryptoHero is a free cryptocurrency trading bot that is simple and intuitive for crypto beginners to setup and run.
“CryptoHero portfolio allows you to access trade history, individual performances, profit and losses from a top level overview to a granular level of each bot or trade. Select trading pairs, direction, technical indicators to enter or exit and risk management settings in the bot to trade on a connected exchange such as Binance, Huobi or OKex.”
Novum revealed that for beginners, paper trade functions allow users to test bot trading using real-time data without risking actual cryptocurrencies. Users are able to backtest their strategies to get historical performances with key metrics and indicators that can help forecast future performance or shape expectations.
“CryptoHero is cloud-based and runs 24/7 to execute trades timely through connected exchanges and notify you whenever a trade is completed.”
Novum then added that a free account on CryptoHero allows users to use up to three bots with access to all indicators. Premium plans for more bots and features are available at $9.99 per month. New users will get one month of premium free when they first sign up without a credit card until December 2020.