Cryptohopper Overview
Cryptohopper is a sophisticated automated trading bot and platform designed specifically for the cryptocurrency market. It enables users to automate their trading strategies, allowing for 24/7 market monitoring and execution of trades without the need for constant manual intervention.
What Cryptohopper Does
Cryptohopper connects to your cryptocurrency exchange accounts using API keys or Fast Connect (oAuth2), enabling the trading bot to execute trades on your behalf. The platform does not hold custody of your funds, ensuring that your assets remain secure within your exchange accounts.
Key Features and Functionality
Automated Trading
Cryptohopper automates the trading process, scanning the market continuously to identify optimal buying and selling opportunities based on your predefined strategies or signals from experienced traders. It supports trading on multiple cryptocurrencies, including Bitcoin, Ethereum, and others available on your connected exchanges.
Subscription Plans
The platform offers various subscription plans tailored to different trading needs:
- Explorer: Allows up to 80 buy and sell positions on 15 cryptocurrencies, scanning the market every 10 minutes ($19/month).
- Adventure: Enables up to 200 positions on 50 cryptocurrencies, scanning every 5 minutes ($49/month).
- Hero: Supports up to 500 positions on 75 cryptocurrencies, scanning every 2 minutes ($99/month).
Advanced Trading Tools
- Market Arbitrage: Exploits price differences between pairs on a single exchange or across multiple exchanges without transferring funds between them.
- Market Making: Allows users to profit from large spreads and create liquidity, benefiting both the user and the exchange.
- Dollar Cost Averaging (DCA): Reduces risk by investing funds gradually over time, lowering the average buy price.
- Trailing Stop-Loss: Sells or buys based on a set percentage drop or rise in price, helping to maximize profits and minimize losses.
AI and Strategy Management
- Algorithm Intelligence (A.I.): Automatically tests, rates, and deploys trading strategies based on historical data and current market conditions. This feature streamlines the process of combining technical indicators and backtesting strategies.
- Signals and Strategies: Users can download and implement strategies, signals, and templates from the Cryptohopper marketplace to enhance their bot’s performance. The platform also allows users to mirror successful traders and copy their strategies.
Additional Features
- Backtesting: Allows users to test their trading bots and strategies using historical data before deploying them in live markets.
- Paper Trading: Enables users to practice trading with virtual funds to familiarize themselves with the platform.
- TradingView Alerts: Integrates with TradingView to receive alerts and execute trades based on custom indicators and strategies.
- Shorting: Supports short selling to capitalize on market downturns.
Community and Support
Cryptohopper offers a community forum where users can interact, share knowledge, and gain insights on configuring the trading bot for maximum profit. The platform also provides 24/7 support to assist users with any issues or questions.
In summary, Cryptohopper is a comprehensive platform that simplifies cryptocurrency trading by automating strategies, providing advanced trading tools, and leveraging AI to optimize trading performance. It is designed to help both novice and experienced traders manage their cryptocurrency portfolios efficiently and profitably.