ViperAI
How to Use ViperAI for Momentum Trading
Last updated
How to Use ViperAI for Momentum Trading
Last updated
Discover how to effectively use ViperAI, the flagship deep learning-based AI trading model, designed to predict directional momentum and enhance your trading strategies.
ViperAI helps traders identify optimal entry and exit points for both long and short positions in various market conditions. Whether you're a beginner or an experienced trader looking to refine your strategies, ViperAI can help you leverage AI for superior risk-adjusted returns.
Step 1: Accessing ViperAI
Connect Your Testnet Wallet: To start using ViperAI, connect your wallet to our DApp on the Arbitrum testnet. Once connected, you'll be directed to the trading dashboard. Please note that to cover gas fees, you'll need Arbitrum Sepolia testnet ETH.
Adding and Removing the ViperAI Indicator: To enable the ViperAI indicator, navigate to the “AI Models” tab, click on “View Market Signals,” find the trading pair you’re interested in, and select “Add to Chart.” To remove the indicator, simply click the small “X” next to the indicator's name located below your main chart.
How ViperAI Works
Once activated, ViperAI will analyze market data to provide trading signals. Here’s how the system operates:
Entry Signals: When the model predicts a shift in momentum, it will send alerts for long or short positions.
Exit Signals: Signals to close positions will be triggered either when the model detects a weakening momentum or when the 2% stop-loss is activated.
Using ViperAI for Better Trading Decisions
When you receive a long or short signal, consider the following:
Long Signals: Indicate a favorable time to buy. If the market is trending upwards, this might be a strong signal to enter a position.
Short Signals: Suggest a good opportunity to sell or open a short position. If you’re currently holding a long position, consider taking profits.
Best Practices
Set a Stop-Loss: Always set a 2% stop-loss after entering a trade to limit potential losses.
Risk Management Strategies
While ViperAI assists in identifying trading opportunities, managing risk is crucial. Here are some strategies:
Set Stop-Losses: A 2% stop-loss on every trade can help mitigate risks from unexpected market movements.
Diversify: Consider using ViperAI across multiple trading pairs to spread risk and enhance overall performance.
Using Dropdown Menus The AI Models interface features three dropdown menus to help you filter indicators effectively:
Sources: Choose from All, AI-Based, or Classic.
Types: Filter by All, Signals, or Indicators.
Tiers: Select from All, Free, Pro, or Whitelisted.
Trading Disclaimer
Trading carries risks, and past performance of any AI models does not guarantee future results. Horizon Protocol is not liable for any losses incurred while using these indicators. Traders are responsible for their own decisions and should employ risk management strategies at all times.
What’s Next?
Now that you’re familiar with ViperAI, it’s time to start trading! Simply fill out this survey to be among the first to test our cutting-edge AI tools.
For more insights, updates, and to connect with fellow traders, we invite you to join our community on Telegram and Discord. Stay up-to-date with the latest features and share your experiences with others in the Horizon Protocol community!