Cryptohopper's trading bots offer automated solutions for crypto trading, leveraging advanced strategies to optimize your portfolio. This guide explores key features, setup, and troubleshooting for seamless bot operation.
Understanding Cryptohopper Trading Bots
Cryptohopper’s bots automate trades based on pre-configured strategies, technical indicators, and market signals. Key functionalities include:
- Automated Trading: Execute buys/sells without manual intervention.
- Strategy Integration: Combine technical analysis (e.g., RSI, MACD) with AI-driven signals.
- DCA & Shorting: Dollar-cost averaging and short-position support.
Core Features
Bot Dashboard
- Monitor live trades, profit/loss, and asset distribution.
- 👉 Optimize your dashboard setup here.
Strategy Designer
- Customize buy/sell rules using 100+ technical indicators.
Config Pools
- Share or import trading templates for quick setup.
Setting Up Your Trading Bot
Step 1: Assign a Subscription
Link your Cryptohopper plan to activate bot trading.
Step 2: Configure Buy/Sell Parameters
- Buy Amounts: Set fixed values or percentage-based allocations.
- Sell Triggers: Use stop-loss, trailing stops, or take-profit rules.
Example Configuration Table:
| Setting | Recommendation |
|------------------|-------------------------|
| Order Type | Limit (for fee savings) |
| DCA | Enable after 5% drop |
| Trailing Stop | 3% above entry |
👉 Explore advanced configurations.
Advanced Trading Strategies
Backtesting
Simulate strategies using historical data to refine performance.
Tips:
- Test across bull/bear markets.
- Compare results with TradingView indicators for consistency.
Algorithm Intelligence (A.I.)
Leverage Cryptohopper’s AI to adapt strategies to market trends dynamically.
Troubleshooting Common Issues
Why Isn’t My Bot Trading?
- API Checks: Ensure exchange API keys are valid.
- Funds: Verify sufficient balance for trades.
- Subscription: Confirm active plan assignment.
Incorrect Profit Calculations
- Sync issues may delay updates. Refresh data or check exchange logs.
FAQs
Q: Can I use multiple strategies in one bot?
A: Yes! Combine strategies and signals for diversified trading.
Q: How does trailing stop-loss work?
A: It adjusts the sell trigger upward as the asset’s price rises, locking in profits.
Q: What’s the difference between signals and strategies?
A: Signals are external alerts (e.g., TradingView), while strategies are rule-based systems.
Final Tips
- Regularly backtest and update strategies.
- 👉 Stay ahead with market trends.
- Monitor exchange rate discrepancies to avoid valuation errors.
By optimizing these features, Cryptohopper’s bots can enhance your trading efficiency and profitability.