Copy traders, manage all your exchange accounts, use market-making and exchange/market arbitrage and simulate or backtest your trading.
Fast automated trading, and portfolio management for Bitcoin, Ethereum, Litecoin, and 100+ other cryptocurrencies on the world’s top crypto exchanges.
Cryptohopper is a crypto trading bot that offers some unique and interesting features, including some social trading options and a large variety of coins/exchanges to trade on/with. Stop losses and trailing stops are especially welcome elements here, as they help you tremendously with risk management. As with any trading bot, you’ll find conflicting reports regarding its effectiveness, functionality and safety.
Official websiteFriendly User Interface
When it comes to the end-to-end process of designing your automated bot, Cryptohopper has made the process super simple. In fact, they have created a simplified drop and drag designer that allows you to design your automated bot from the ground up.
All you need to do is click on the specific indicator that you want to implement, choose whether you want to buy or sell, configure a few fundamentals such as volumes – and you’re good to go.
Supported Exchanges
The bot can connect to a wide variety of exchange Application Programming Interfaces (APIs) and trade a significant pool of coins automatically, 24/7. It currently offers integration with the following exchanges:
Huobi – premium Cryptohopper partner
Poloniex
Kraken
Bittrex
Binance
Coinbase Pro
KuCoin
Cryptopia
Bitfinex
Work is apparently being done to integrate the bot with HitBTC, Cobinhood, Cex.io, Bitstamp and bitFlyer APIs.
Features
Cryptohopper offers a wide array of features:
Automatic trading: automated trading of your favorite coins. Set up your own trading strategy and let the bot trade for you.
Crypto signals: Alternatively, if you don’t want to/don’t know how to set up your own strategies, the bot allows you to automate your trading by copying signals sent to you by third-party technical analysts (signalers).
Risk-minimizing features: constant automatic price trailing, trailing stop-shorts, trailing stop-buys, stop-losses and sell with profit options limit your chance of losing everything you have.
Trading bot templates: save and load your own templates to quickly setup and change your trading bots.
Technical analysis: the bot offers dozens of volatility, trend and volume indicators as well as tools to perform technical analysis of the market, all of which helps you determine the ultimate trading strategy.
Backtesting: lets you analyze data from the past, which can help you fine tune your trading strategy for optimal profitability.
Cryptohopper is relatively easy to get into; you need to first create an account and download platform; Once the account is created, you get the free 30 days license. The entire process is made simpler thanks to a useful wizard which will lead you through every step of the way.
Get license hereAutomated Bot Features
Some of the additional features of Cryptohopper are:
Bull Market If your bot is operating in a potential bull market, you can utilize the useful trailing stop loss feature. This is how you can protect your trading gains with adjustable stop losses, subsequently allowing you to exit your positions when an eventual market correction does take place. The bot also allows you to search for potential pricing targets, and automatically place trading profits into a reserve fund.
Bear Market If the markets have taken a downturn, then you can program your bot to be ready to exit a trade at the first sign of a downward trend.
If you’re convinced that a particular crypto asset is only in bear market temporarily, then you can get your automated bot to facilitate dollar cost averaging. This is where your bot purchases additional coins at pre-defined intervals (such as every 5% decline in price).
Consolidation Periods Consolidation periods or sideways markets can be a nightmare to trade. However, they also present multiple opportunities to scrape micro profits within a specific range. For example, if Bitcoin was trading in the $9,600 – $10,600 range, you could instruct your bot to enter and exit short term trades when certain triggers have been met.
Trading Strategies
The bot will require a trading strategy to operate and trade for you. While other bots come with pre-programmed strategies, Cryptohopper mostly requires you to create a custom strategy using its tools. A user gets to set up the bot parameters himself, but the process isn’t that complicated; you’ll be given a host of settings that you can tweak and adjust in a way which you believe will bring you the biggest profit. Some of the strategies you’ll find when trading with Cryptohopper include:
Trailing stop-loss
Trailing stop-buy
Dollar Cost Averaging
Shorting
Trailing stop-short
Config pools
Triggers
Backtesting
Walletscrubber
Auto synchronize
Reserve funds
Manual buy and sell
Ultimately, you’ll be able to either set up your own strategy or rely on outside signals.
Official website