# Strategies

## Sentiment Edge

{% embed url="<https://app.gamma.xyz/perps/vault/hl/hyperliquid/0xb7e7d0fdeff5473ed6ef8d3a762d096a040dbb18>" %}

1. **Description** - A trading strategy that uses sentiment data to identify tokens to long and short, and balances positions to maintain market neutrality.
2. **Benefits** -&#x20;
   1. Market-neutral: Balances long and short positions to cancel directional risk.
   2. Sentiment-driven: Capitalizes on market psychology and crowd behavior.
   3. Exotic: Uses alternative data beyond traditional candlesticks.
3. **Risks**
   1. Data: Sentiment data may not always correlate with price movements.
   2. Timing: Sentiment shift may precede price action by a varying amount of time.
   3. Funding: Funding rate causes a loss if more paid than received.

## Momentum Edge

{% embed url="<https://app.gamma.xyz/perps/vault/hl/hyperliquid/0xc1703054b55bfa1ac6dbaf25cb1c783ca133181f>" %}

1. **Description** - A trading strategy that uses price momentum data to identify tokens to long and short, and balances positions to maintain market neutrality.
2. **Benefits** -&#x20;
   1. Market-neutral: Balances long and short positions to cancel directional risk.
   2. Momentum-driven: Capitalizes on trend strength.
3. **Risks**
   1. Data: Momentum data may not always correlate with future price action.
   2. Funding: Funding rate causes a loss if more paid than received.

## Switch

{% embed url="<https://app.gamma.xyz/perps/vault/hl/hyperliquid/0x45b3c4f1db017a087a3dd26041e3e1e455f1820f>" %}

{% embed url="<https://app.gamma.xyz/perps/vault/hl/hyperliquid/0xac58775224f59033de47d7f3afbe14f95d0f69d6>" %}

{% embed url="<https://app.gamma.xyz/perps/vault/hl/hyperliquid/0xfc685f96ef2efc6c35b56cc5723e93a5b88fa88f>" %}

{% embed url="<https://app.gamma.xyz/perps/vault/hl/hyperliquid/0x726c8c0ad1cfef5eac01d9c1fc9ae76c3ee2a59d>" %}

1. **Description** - A directional strategy that fully switches long or short based on a binary signal.
2. **Benefits**
   1. Adaptative: The strategy can profit from both upward and downward trends.
   2. Algorithmic: The strategy is executed automatically to avoid human error.
3. **Risks**
   1. Signal: May be false or delayed, causing loss.
   2. Liquidity: Poor liquidity on the order book increases slippage loss
   3. Funding: Funding rate causes a loss if more paid than received.
   4. Leverage: Amplifies losses.

## Shift

{% embed url="<https://app.gamma.xyz/perps/vault/hl/hyperliquid/0xfef90c90b17d0e11a44030464b42af629987b086>" %}

1. **Description** - A directional strategy that shifts exposure based on a continuous score.
2. **Benefits**&#x20;
   1. Adaptative: Designed to profit from both upward and downward trends.
   2. Algorithmic: Executed automatically to avoid human error.
3. **Risks**
   1. Score: May be wrong or delayed, causing loss.
   2. Liquidity: Poor liquidity on the order book increases slippage loss.
   3. Funding: Funding rate causes a loss if more paid than received.
   4. Leverage: Amplifies losses.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.gamma.xyz/gamma/perp-vaults/strategies.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.
