Safe Trading Robot? Our take!!

If you're ready to start trading cryptocurrencies, but have little practical experience with trading, or looking for automated crypto trading bots to reduce their workload, there’s a solution. Start trading cryptocurrencies in a fast-paced environment with an automated bot. This is not any old crypto trading robot. It is used by over 400,000 traders.

Cryptohopper will allow you to trade 24 hours per day without missing any solid trading setups. The bot trades based on conditions you have preprogrammed.

Cryptohopper, which has assisted traders in achieving success since 2017, remains the most trusted automated cryptocurrency trade solution.

In this regard, let us take a look in detail at the Cryptohopper Platform. You can find the following. Cryptohopper Review The course will include many topics such as the workings of Cryptohopper, its effectiveness, which exchanges are supported, and, of course, Cryptohopper’s pricing.

Cryptohopper Review: Synopsis

What is Cryptohopper

First, we’d like to give you an overview of Cryptohopper. It is a platform which allows its users to use a cryptocurrency automated trading bot. Bots can trade cryptocurrency on your behalf using the conditions you set. This is a brilliant idea, as it removes all emotions from your trading.

Cryptohopper is a cryptocurrency trading community that was founded in 2017. It has since grown from 400,000 members to more than 500,000.

Cryptohopper really isn’t much more than a trading tool, and you’ll see that in the next section. It will perform until it is turned off. However, the results of its software are what determines its performance.

If you’re expecting it to be successful, you have to develop a strategy. There are also no guarantees that the tool will be profitable. There are multiple ways of programming this tool and testing your strategies prior to releasing them into the wild. They can make the difference in profits and losses.

Cryptohopper is currently working with 14 major cryptocurrency exchanges around the world, such as Binance, Coinbase and KuCoin. Your bot will be able to profit from any opportunities that arise, regardless of when they happen.

Cryptohopper can be used by traders with all levels of experience. Cryptohopper Academy is a great resource for new traders to learn the basics of using the software. The bot’s more advanced features, such as the 130+ technical indicators it supports, are available to seasoned traders.

Cryptohopper allows a trader to build an automated bot which mirrors his or her own trading strategies. They can release their trading strategies into the wild so they can trade the markets without emotions 24 hours a days. Or, you can buy tested trading strategies through the Cryptohopper marketplace.

Cryptohopper is offering a FREE 7-Day Trial. Test it, gain some profits and then pay for your subscription. Prices start at $19 per month.

Cryptohopper: Automated trading

It’s only natural that you want to learn how Cryptohopper operates before using it. You should know this because it dispels the myth of being able to subscribe and then set the bot free in the wild cryptocurrency markets. This couldn’t be farther from the truth. You can learn more about why trading bots aren't money-making machines in our Trading Bots article.

The bots are not programmed to work in any way other than the manner they have been set up. This means that a trading system can either be wildly successful or utterly fail. Bots work best when they are programmed with a trading strategy.

Consider, for example, that you have been successful in trading a range of Litecoins during the last week. You could implement your strategy on your own but you would need to be glued to the computer. You could lose out on a lucrative entry or exit if you leave your computer, even for a few minutes to go to bed.

You could instead program Cryptohopper so that it executes the strategy on your behalf, and tell it exactly when to buy or sell. It will follow your commands 24 hours per day until you turn it off. It gives you your time back and allows you to continue profiting from your strategy for the entire week.

Cryptohopper removes emotion from trading. This is something I have said before, but it’s worth repeating. No more greed or fear, no more trading based on emotions, and no more losing money due to chasing after the market. “hunches”No more emotional trading, no losses. Cryptohopper does not have emotions. It simply follows instructions. 

Cryptohopper Bot Features

Check out the main features to see if Cryptohopper is a good platform for automating trades:

• Paper Trading AccountsCryptohopper lets you test your strategies without risking a single Satoshi. You can test out any trading strategy, simple or complicated, and determine its profitability. Try Cryptohopper FREE for 7 Days and see if your strategy works.
• Professional Analysis ToolsCryptohopper’s library is stocked with a wide range of indicators, tools and customization tools to help you create profitable strategies. According to the package that you choose, you may have up to 30 different indicators and 90 candlestick recognitions. Additionally, you can customize your own cryptobot using customization tools. It’s easy to do, and you won’t even need coding skills to get started. Just click to create alerts or indicators.
• Copy Trading FunctionYou can purchase the necessary tools from Cryptohopper’s most experienced users. Cryptohpper screens each strategy provider to make sure that only the most honest, dependable, and successful bot developers are listed. You can chat with investors and subscribe to signals in addition to purchasing bot templates.
• There are no additional feesCryptohopper doesn’t charge you a percentage of your transactions. All you will pay is the monthly subscription fee. No additional fees or commissions per transaction. Your trading costs will be lower.

Trading Market Changes

Cryptohopper features can be helpful in bear, bull and consolidation markets.

Bull MarketsIf the trend is upwards in a bull market phase, the trailing stops loss can be a good way to protect profits from turning into losses if the market whipsaws. The bot can be instructed to trade at specific price targets identified using various tools of support and resistance.

Bear MarketsIt’s important to place your bot in defensive mode when the market turns lower. Cryptohopper will sell when it detects a trend downward. You can also instruct Cryptohopper, if your exchange supports this feature, to sell short and make money from falling markets. A second strategy is to instruct the bot to add your assets at preset intervals, so that you can benefit from the price recovery.

Consolidating the MarketsMarkets that are sideways can be a trap as traders get whipped back and forth without any clear direction. You can take advantage of these times to profit from the fluctuating market price. If Bitcoin traded in the $30,000-$35,000 range for a few months, you might have asked Cryptohopper when to buy and sell. 

Cryptohopper Bot Programming

Cryptohopper is only going perform well when you properly instruct it. It will follow you, therefore, a poor strategy can cost money.

If you want to program Cryptohopper, you should think in terms of logic IF/THEN. The instructions are designed so that if something happens THEN this action is taken.

Take our previous example where we traded a Bitcoin range. The bot would know what you wanted. “IF Bitcoin touches $30,000, THEN buy 0.1 BTC”. At the opposite end, you can tell what the bot “IF Bitcoin touches $35,000, THEN sell 0.1 BTC”.

It is possible to make the bot more complex by telling it when profit levels reach a particular level. Or by programming a stop-loss or trailing stop-loss. Dollar cost averaging could be used to trade in a particular way. For example, you can tell the bot that it should buy each time Bitcoin’s price rises by 3% up until a specific level.

You could tell your bot that it should sell an amount each time Bitcoin’s price drops by 3%, or any other percentage.

This is because if you were to manually do it, you’d be stuck to your PC, waiting for the triggers you set to go off. Cryptohopper is a simple tool that allows users to trade on financial markets. “set it and forget it”.

Drag and drop Implementation

Cryptohopper’s drag-and drop interface makes it easy to design new strategies. It’s possible to design your own strategies. Without knowing even a single code line. Click on the indicator that you would like to include in the automation, and then drag it onto your bot. After that, you can configure any variables required for the indicator.

The Technical Analysis

Cryptohopper’s technical analysis features are designed to help traders who have experience. You could get access to up to 90 candlestick patterns and 30 indicators depending on the package that you choose. Customization tools are also available to customize your crypto bot. There are momentum indicators, oscillators and moving average indicators.

Live Testing Before Pre-Live Test

Cryptohopper’s pre-live test hub is one of its most useful features. You can use it to check any strategy that you have created within the Strategy Designer. It allows you to test your strategy before risking any money.

Cryptohopper Marketplace

Cryptohopper has a number of features that are useful for newbies to automated trading. It’s the Cryptohopper Marketplace where users can buy bots created by others.

Some of them are free of charge, while others have a cost.

The Marketplace, for example, is a must-have if you’re new to automated trading or have no prior experience creating trading strategies. If you’re a seasoned trader but you don’t want to risk releasing your own bot, then the Marketplace can be incredibly helpful. The Marketplace is a great place to browse for bots that are programmed according to your style of trading.

The majority of creators have a very good understanding of what their bot is supposed to do. The bot’s fundamentals are also transparent and can be viewed before using it. You can also rate the bots, and see how other users rated them.

It’s also possible to customize the bots found in the Marketplace. You can find a simple bot and make changes to it so that it suits your needs.

It’s a given. The past is not a predictor of the futureBe careful when utilizing a bot designed by someone else.

Cryptohopper App

Cryptohopper is a popular app among users because of its simple setup and easy access. Now it can be installed on Apple as well as Android smartphones.

Users can access features like:

• Protect their account with advanced security measures such as biometric authentication
• Customized push notifications for live updates of predefined patterns and triggers.
• Trading and managing your position with one click is now possible from anywhere.

Bot Trading Fundamentals – Is Cryptohopper safe?

By now, you should know about Cryptohopper and the automated algorithms it uses. But we still haven’t talked about how the bot will actually approach the market for you, and if it can be trusted.

You can do it easily, and you don’t have to worry about anything because the Cryptohopper Bot never has the ability or access to take money out of any account. The platform will never ask you for any money, as your funds stay on the exchange. Your funds are always secure if you use the Cryptohopper automated trade bots.

To give your bot trading capabilities, you’ll need to link it with your exchange using an API. It varies by exchange but usually you will find the API key in your account settings.

The API keys are added to the Cryptohopper account. This allows the bots to make trades for you using your funds. Our article Crypto Bots Worth it takes a closer look at whether Crypto bots can be worth the investment. if you’re interested in diving deeper into automated trading.

Cryptohopper supported exchanges

Cryptohopper accepts the following currencies:

• HitBTC
• OKX 
• Crypto.com
• BitPanda Pro 
• Binance
• Binance US
• Coinbase Pro
• Coinbase Advanced
• Bittrex
• Poloniex
• Bitfinex
• Huobi
• KuCoin
• Kraken
• Bittrex
• Exmo

These exchanges, as you will see in the list above, represent the largest liquidity sources on the cryptocurrency market. This means that your bots should not have any issues with slippage or unfilled trades.

The trading platform is currently compatible with Bitcoin, Ethereum, Litecoin as well as 100+ other cryptocurrencies. As they achieve sufficient trading volume, more are added.

Cryptohopper accounts

Cryptohopper offers four levels of account, including the limited but free Pioneer package. Explorer Hopper, the first package paid for by Cryptohopper costs $16 per month. This package offers more options and power. Coin Bureau offers a 7-day free trial for the Explorer Hopper Package.

Next up are Adventure Hopper, which costs $41 per month. Hero Hopper is $83 per month. Your trading preferences will determine which level you pick. Every higher tier has more features, such as coins and triggers, but also offers more positions.

It doesn’t matter what tier you select, it is likely that one successful trade can pay your entire monthly fee.

Customer Support

Cryptohopper provides a wide range of support. If you have a basic question, it’s likely that the Knowledge Base will provide an answer. You can also submit a support ticket if you don’t find the answer you are looking for. You can also use the online form or email ([email protected]You can either use our online chat service or contact us via email. There is no phone support.

Cryptohopper Review Conclusion

Cryptohopper, as you may have gathered from our review can help automate trading when it is used correctly and in a respectful manner. The same is true of every trader level, including beginners and trading professionals. The more experienced traders can take advantage of advanced trading strategies. However, the learning curve for newbies is not difficult.

We liked that the Designer uses a drag-and drop framework. It’s also great that you don’t need to know any coding in order to create Cryptohopper bots. The process of creating a trading system is so easy that anybody can do it.

A 7 day free trial is also available. Once you’ve seen how easy it is to build your own cryptobot with Cryptohopper, you can move on to paid plans. These are so cheap that one successful trade could pay your entire monthly (or even yearly!) subscription.

You can also warn others about this by using the following words: ⚡️: Trading Bots do NOT guarantee profit. Risk management is essential.

Common Questions

Cryptohopper or 3Commas: Which one is better?

Cryptohopper as well as 3Commas offer great platforms for automating crypto bots. The platforms are both suitable for automated crypto trading. Cryptohopper is the easiest platform to use for bot creation, however 3Commas will be better for people who enjoy both manual and automated trading. “smart trading” Interface that offers manual traders advanced trading tools, risk management strategies, and order types. Our 3Commas Review will tell you more.

What is Cryptohopper arbitrage?

Crypto Arbitrage involves the trader buying and selling an asset identical on different exchanges, to take advantage of price fluctuations and make a profit. Arbitrage trading is often done by using bots, such as those available at Cryptohopper.

Cryptohopper: Does It Work?

Any bot-trading platform will only function as effectively as the bots that are created by users. Bots do work but only in the hands skilled traders that are familiar with trading and have the ability to recognize and identify the correct market behaviors. You should decide if a trading robot is right for you and whether it’s worth the investment before you use one.

Cryptohopper is it a scam?

As one of the most popular and successful trading bots, Cryptohopper has been trusted by thousands of traders around the world.

Cryptohopper Social Trading: Is it Worth the Money?

Cryptohopper, which started with automated bots for trading crypto currencies, has expanded their product line to offer many other services including social trading. Cryptohopper’s social trading platform is popular and receives many positive reviews. This is an excellent place for those interested in social trade.