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Cryptohopper Guide

Cryptohopper is an automated trading bot for buying and selling cryptocurrency. It is designed to be useful for beginners as well as provide the tools needed for experienced traders to tweak their setup. Its major selling points are its ease of use while still maintaining a high level of power and customizability, and its cloud hosting so it can run 24/7 without you needing to do a thing.

Cryptohopper Features

Cryptohopper is designed to make money from the regular fluctuations in the cryptocurrency market while removing the human tendency to make bad decisions due to emotions. The user can either set up their own buy and sell rules or use signals from successful traders to drive their bot.
Users tend to either aim to make fiat money such as united states dollar or they aim to make more Bitcoin by trading on the relative changes between Bitcoin and Altcoins.
Cryptohopper works with most of the big name exchanges (Binance, Bitfinex, Kucoin, Coinbase Pro, Huobi, Kraken, Poloniex, Bittrex) and supports up to 75 cryptocurrencies with the top level subscription.

As a cloud based solution Cryptohopper gives you user and easy to use interface which includes a large amount of functionality. Users can set their bot to run 24/7 or even set up rules for disabling the bot such as during a flash crash. They also offer customer support for any issues you may run into.
One of the most useful features is the back-testing tool which allows the user to run their configuration against past cryptocoin activity and see how it would have performed, they can the tweak the setup and run again to get a setup that shows good long term returns. Of course past performance if no guarantee of how the market will behave going forward but it is still a great tool to have.
Cryptohopper also keeps lots of useful statistics on your trading so you can review and tweak.

There are many different ways you can configure your buying and selling triggers such as using RSI and Bollinger Bands.

Getting Started

Getting started is easy, firstly go make an account here and confirm you email. You will also need to be signed up with a compatible exchange such as Binance.
Once you log in for the first time you will be able to use the wizard tool to set up your first hopper. Check out the videos for in depth guides on how to configure your hopper Videos. Once you are configured its as simple as turning it on and watching it go to work.
For a beginner the signals are a good option as they usually come from people with a lot of experience so are more likely to be profitable than your own setup. You can review the signals to see how well they have done in the past when deciding which ones to go for.

Costs


Explorer Hopper Starter
80 positions
max 15 selected coins
max 2 triggers
technical analysis every 10 minutes
paper trading
$ 19 / month
Adventure Hopper Medium
200 positions
max 50 selected coins
max 5 triggers
technical analysis every 5 minutes
paper trading
$ 49 / month
Hero Hopper Pro
500 positions
max 75 selected coins
max 10 triggers
technical analysis every 2 minutes
all coins for signals
arbitrage
paper trading
$ 99 / month

You can pay per month or to purchase a whole year but note that Cryptohopper doesn’t provide any refunds and users should make the most of the free trial before committing to a subscription.

Cryptohopper Summary

Cryptohopper is an automated trading bot that trades on your behalf using trading algorithms. Once you connect a hopper to a cryptocurrency exchange, you can select a number of strategies that the bot will implement in order to try and make a profit. The online dashboard allows users to easily monitor their performance as well as the reports of signallers and to subscribe to the best signals. Users can also keep a track of their stats and trading history, as well as the price movements of around 75 cryptocurrencies. Although the service is simple to set up and easy to use it also incorporates a comprehensive range of trading features including:

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

Cryptohopper has been designed to provide the cryptocurrency community with a solution to help traders to generate consistant profits. The mix of TA and third party signallers provides traders with increased options as do the template and backtesting features.
Cryptohopper is essentially an easy to configure algorithmic trade bot and it does it very well.
The community around the bot also adds to the service and makes it e asier for both new and experienced traders to get on board. With its large array of features and support for most exchanges and cryptocurrency pairs it stands out as one of the market leaders in cryptocurrency trading.