Automated trading offers powerful opportunities but can be complex to navigate. This guide provides a comprehensive overview of Cryptohopper's Trading Bot, helping you leverage this innovative platform effectively.
Key Features of Cryptohopper’s Trading Bot
- Automated trading with customizable strategies
- Multi-exchange support for seamless trading
- AI-powered tools for advanced traders
- Mobile monitoring through dedicated apps
- Paper trading for risk-free practice
How Cryptohopper’s Trading Bot Works
Cryptohopper's bot operates through four configuration tabs that work together to automate your trading strategy:
1. Baseconfig
The central hub for your trading bot where you:
- Connect to your preferred exchange
- Configure buy/sell settings
- Set trade triggers (strategy or signal-based)
👉 Learn how to connect your exchange
2. Config Pools
Override Baseconfig settings for specific currencies:
- Apply different strategies to volatile assets
- Customize trading approaches per currency group
3. Signals
Configure trades based on marketplace signals:
- Subscribe to signal providers
- Note: Signal settings don't auto-update with Baseconfig changes
4. Triggers
Set automated responses to market events:
- Example: Stop new orders if a coin drops 5%
- Create custom protection mechanisms
Pro Tip: Start with Paper Trading and use the Backtester to evaluate strategies before going live.
Ensuring Proper Bot Setup
Verify your configuration with these tools:
- Troubleshooter: Accessible from your Dashboard
- Support Team: Available via live chat
- Documentation: Detailed setup guides
Automated Trading Options
Cryptohopper offers multiple ways to trade automatically:
Trading Methods
| Method | Description | Best For |
|--------|------------|----------|
| Manual Buy/Auto Sell | You enter trades, bot manages exits | Control-oriented traders |
| Strategy Trading | Custom technical indicator strategies | Technical analysts |
| Signal Trading | Follow marketplace signal providers | Beginners/signal followers |
| AI Strategy | AI selects optimal strategies | Advanced traders |
👉 Explore advanced trading strategies
Understanding Subscriptions
Key subscription details:
Each subscription allows:
- 1 live trading bot
- 1 paper trading bot
- Paper trading supports up to 75 currencies
- No subscription needed for paper trading
Mobile Monitoring
Stay connected 24/7 with:
- iOS App
- Android App
Features include:
- Real-time bot monitoring
- Trade management
- Market alerts
FAQ
What's the best way to start with Cryptohopper?
Begin with paper trading to test strategies risk-free before committing real funds.
How do trading signals work?
Signals from marketplace providers trigger trades based on their analysis - you can customize how your bot responds.
Can I use multiple strategies simultaneously?
Yes, through the AI Strategy Designer (available for Pro/Hero subscribers).
Is there a mobile app?
Yes, both iOS and Android apps are available for monitoring and managing your bot.
What's the advantage of config pools?
They let you apply different trading rules to specific currencies, optimizing performance across diverse assets.