CryptoHopper is a joint creation of a web designer and a day trader, two brothers. They collaborated to develop this cryptocurrency bot that can transact on its behalf 24/7, even when not in front of a computer. CryptoHopper is now a very popular and reliable cryptocurrency trading platform. This is an intriguing auto trading bot that offers a number of features and pricing options, as well as a free trial, so users can test out the bot before buying it.
How CryptoHopper works
CryptoHopper basically works by performing trades for people on the trading account they log into. To connect an exchange account to a CryptoHopper account, traders must enter their API key into their CryptoHopper account. This key can be found in the configuration of the Exchange account. The method may vary from exchange to exchange, but CryptoHopper’s tutorials page gives full information on how to integrate your account with many exchanges.
Once the exchange account has been linked to the CryptoHopper bot, it will execute trades according to the parameters the trader has specified. It will perform technical analysis based on market conditions and then buy or sell bitcoins based on predetermined trading techniques. It will continue to trade cryptocurrency this way until the trader disables it or changes the settings. Although the process is automated, they still need to maintain a watch because a sudden bear market could cause the bot to execute trades that end in a loss. With this information in mind, there are a few things to consider before adopting CryptoHopper.
Features of CryptoHopper
CryptoHopper is an effective tool for anyone looking to enter the cryptocurrency trading market. Although some of these features have been mentioned earlier in this article, the following is a comprehensive summary of CryptoHopper’s most important features with brief explanations for each:
This is for the CryptoHopper marketplace, which has both free and paid choices. Traders can basically imitate the trading tactics of experienced traders. Their models, methods and signals can be purchased. Templates contain their choice of pieces, configuration settings, etc., and they are usually provided in addition to tactics. Strategies are a set of technical indicators and criteria that drive the bot’s buy and sell decisions. They are built and checked by licensed traders. Signals are a notification of a coin that may be on the rise, so they can pay a third party to tell them when to invest in a coin.
Paper trading is included for free in every package and allows traders to trade without holding cryptocurrencies or having an exchange account. By investing up to $100,000 in any cryptocurrency, they can test different ideas without taking real risks. Once they are happy with their paper trading technique, they can apply it to a real trading bot.
Over 130 indicators and candle patterns are available in the CryptoHopper strategy builder, allowing traders to create their own technical analysis and get the best buy and sell signals from their strategy. Although it is possible to modify the strategy, most traders prefer to use the visual designer to develop a strategy by dragging and dropping indicators. They can then load the strategy into their backtesting tool to determine whether or not it delivers profitable buy or sell signals. Once satisfied, traders can then implement the strategy on their real trading bot.
Automation of transactions
The main feature of CryptoHopper and all trading bots, automatic trading, implies that the bot will trade for people 24 hours a day, seven days a week. It integrates data and uses the methods and parameters that the trader has selected to attempt to make a profit by buying and selling cryptocurrencies. Automated trading makes trades instantly by working around the clock and tracking all the coins simultaneously, while a human might miss the opportunity.
Trailing Stop Loss
The three tracking tools offered by CryptoHopper are Trailing Stop Loss, Stop Buy, and Stop Short. If users configure Trailing Stop Loss, the bot will activate a stop loss if they have made a specified profit, or they can sell an asset if its price drops by a specified amount. At the first indication of an uptrend, Trailing Stop Buy places a buy order, ensuring it buys before the market begins to rise again. Trailing Stop Short follows the price down and closes the short position as soon as the price starts rising.
=> Read honest customer reviews of CryptoHopper on its official website
● Social commerce – Buy and sell like a pro
● Tracking orders – The easy way to better buys and sells
● DAC- Don’t worry about buying at the wrong time.
1. Average purchase
Traders can use DCA to invest gradually over time to reduce risk or offset a losing position. Additional purchases on a losing position will reduce the average purchase price.
2. Short selling
Traders can short their coins to protect against a sudden drop. Follow the coins to the bottom of the market and only buy them back when they show signs of recovery.
People should react to the rise and fall of the currency and make sure to react to early negative market indicators. They must create individualized actions ranging from alerts to sell orders to ensure round-the-clock portfolio security.
The CryptoHopper Market
After selecting the pricing tier, traders are free to configure their bot as they see fit. Alternatively, they can use the CryptoHopper marketplace to acquire an algorithm that has already been developed by another trader. There are free trading tactics. However, the majority of them cost money. It is an interesting and beneficial choice for newbie traders, as they can use a predefined auto trading strategy and check user reviews, history and detailed description of the actions planned by the bot. It’s not a guarantee of profit, but it’s definitely a handy tool. Additionally, traders can modify the buy strategy, allowing them to use it as a template and adapt it to their trading needs.
Currently, CryptoHopper is compatible with 13 exchanges, the majority of which are large. Here is a complete list of exchanges compatible with CryptoHopper:
● BitPanda Pro
● Binance United States
● Coinbase Pro
Why should individuals choose CryptoHopper?
Robots don’t need to sleep. 24/7 crypto trading is available. Likewise, the bot too. Traders need to give themselves the advantage of using this bot, and they will never miss a beat while everyone is sleeping.
Trade like a pro Even if you’re not one.
Traders do not need to be a professional to trade as such. They can improve their performance by copying expert traders on our marketplace. Trading signals inform the bot when to buy or sell. Use professional market analysis tactics and download preconfigured bot template files.
Identify the optimal business opportunity. 24/7, automatically.
The fear of a market upheaval should not prevent sleep. Thanks to its artificial intelligence, the bot can automatically identify patterns and adapt to a better approach, allowing traders to relax. Create or upload trading methods, then let the bot monitor the markets and buy or sell according to its specifications.
Acceptable anytime and anywhere.
Cloud-hosted CryptoHopper is accessible 24/7. Even when traders are offline, their assets are secure and monitored. They can access the platform from any device, including the web, mobile phone, tablet, and even a smartwatch.
The following table details CryptoHopper’s four pricing options for its bot. Moreover, CryptoHopper discount codes are frequently available and users can use the platform at discounted prices. Here are the current pricing options.
Pioneer: Free Bundle (7-day trial)
● 20 positions
● Portfolio management
● Manual negotiation
● On all accessible exchanges
● Explorer: $19/month (try free for seven days)
● 80 positions
● Maximum of 15 chosen coins/assets
● Max of 2 triggers
● Technical Analysis (TA) at 10 minute interval
● 1 simulated trading robot
Adventurer: $49 per month
● Maximum of 50 coins/assets
● Maximum of 5 TA triggers with an interval of 5 minutes
● 1 exchange of simulated trading robots
Arbitration Hero: $99 per month
● 500 positions.
● Maximum of 75 chosen coins/assets
● Maximum ten triggers
● TA with a gap of 2 minutes
● All parts for signals
● Market arbitrage Market making Algorithm intelligence (Beta)
● Available on the majority of major exchanges
● Simple to install and use
● Good teaching material
● Strategy for the market
● Reliable and secure
● Protected privacy
● Paid for additional signals
The fear of a market upheaval should not prevent sleep. Thanks to its artificial intelligence, the bot can automatically detect trends and switch to a more effective strategy.
It is the latest and greatest invention in e-commerce, allowing traders to use their own trading techniques while having them executed by a bot.
CryptoHopper is one of the best trading bots for both new and experienced traders because it allows great customization while remaining simple to use. Its trigger function is one of its useful aspects. It allows users to trade automatically using any technical indicator or even educate an artificial intelligence to decide whether to buy or not. Setting a trigger will prevent the trader from selling low. Anyone interested in auto trading should definitely give CryptoHopper a try.