FOMO
FOMO (Fear Of Missing Out) is a proprietary Cryptorg indicator. The idea originator is a professional trader and CEO of Cryptorg, author of a Telegram channel about trading and investing @FOMOHOMO. The indicator was worked on for a full year — refinement and testing in open mode, into which years of trading experience and accumulated trading ideas were invested.
The idea behind the indicator is trading against the crowd intraday. Every day there are situations of local market “overheating”, when the crowd rushes to sell or buy at any cost. FOMO identifies these anomalous zones and gives a signal to trade against the crowd.
How the indicator works
Section titled “How the indicator works”The indicator has two main zones — Overbought and Oversold:
- at the moment the market becomes overbought — we sell;
- at the moment the market becomes oversold — we buy.
Each zone has three boundaries (1 → 2 → 3) following one another. Reaching a further boundary means a deeper immersion into the anomalous zone and a higher probability of a market reversal. For a deeper entry, choose the farther zones — the conservative or the deep one.
Zones on top (starting from the one closest to the center):
- Minor overbought
- Conservative overbought
- Deep overbought
Zones on the bottom (starting from the one closest to the center):
- Minor oversold
- Conservative oversold
- Deep oversold
Triggers
Section titled “Triggers”| Trigger | Direction | Condition | Description |
|---|---|---|---|
| Entering the minor overbought zone | 🔴 Sell | The closing price entered FOMO’s minor overbought zone. | The price closed in the first overheating zone, closest to the center. An early signal to sell against the crowd. |
| Entering the overbought zone | 🔴 Sell | The closing price entered FOMO’s classic overbought zone. | The price closed in the conservative overbought zone — a deeper immersion into the anomalous zone. A sell signal. |
| Entering the deep overbought zone | 🔴 Sell | The closing price entered FOMO’s deep overbought zone. | The price closed in the farthest overheating zone — maximum probability of a reversal. The strongest sell signal. |
| Entering the minor oversold zone | 🟢 Buy | The closing price entered FOMO’s minor oversold zone. | The price closed in the first oversold zone, closest to the center. An early signal to buy against the crowd. |
| Entering the oversold zone | 🟢 Buy | The closing price entered FOMO’s classic oversold zone. | The price closed in the conservative oversold zone — a deeper immersion into the anomalous zone. A buy signal. |
| Entering the deep oversold zone | 🟢 Buy | The closing price entered FOMO’s deep oversold zone. | The price closed in the farthest oversold zone — maximum probability of a reversal. The strongest buy signal. |
The signal is sent to the bot after the price has fully crossed the required anomalous zone.
Setting up and running bots based on the signal
Section titled “Setting up and running bots based on the signal”The signal is available for both the futures and spot markets and works on any trading pair and timeframe.
The FOMO signal can be used in Crazy bots both to enter a trade (the OPEN block) and to exit it (the CLOSE block) — for example, opening a trade on the oversold zone and closing it on the overbought zone.
To use FOMO, first create a FOMO indicator in the signals section, choosing the desired type of anomalous zone. Then create or edit a bot: in the Opening/Closing section, choose to open (or close) by signal and specify the created indicator in the list of signals.
As soon as the bot receives the required signal, it enters the trade and manages it to the end; new signals during an open trade are ignored. On average about 1 second passes from the indicator signal to the bot’s start — the reaction is very fast.
Working recommendations
Section titled “Working recommendations”Most signals play out cleanly, but we recommend sticking to conservative money management: on anomalous moves a large number of orders may trigger, and with many pairs running simultaneously, breaking MM will lead to getting stuck in an investment. No bot or indicator will save you from sharp dumps — if you sense the risk of a strong market move, simply turn the bots off.
When setting up FOMO on many pairs, distribute them to start from different anomalous zones and across different timeframes, so the bots don’t start at the same time and all get caught at once in a strong anomalous dump. This introduces an element of diversification into the trading strategy.