In this post I will be reviewing the Cryptohopper automated crypto trading robot that has an abundance of features and functionalities for those who have a keen interest in trading cryptocurrencies.
This unique crypto software allows you to copy traders, manage all your exchange accounts, use market-making and exchange/market arbitrage and simulate or back test your trading.
Cryptohopper supports rapid automated trading, and portfolio management for Bitcoin, Ethereum, Litecoin, and over 100+ other cryptocurrencies on the world’s top crypto exchanges.
Cryptohopper Features
Cryptohopper users can invest in all cryptocurrencies that their chosen exchange offers. At the same time, they can also gain access to a professional suite of tools such as the trailing features that enable you to enhance your buy/sell trade positions better than before.
A crypto exchange is where your funds are located. With the Cryptohopper robot, you can conveniently manage all of your exchange accounts and trades from one place. This can help to deliver a more efficient crypto trading process, regardless of your experience level.
Cryptohopper Tools
Cryptohopper has a variety of powerful and sophisticated tools that users can take advantage of without needing any particular expertise. These crypto trading tools include:
Social Trading Platform
There is also the Cryptohopper social trading platform where you can subscribe to trading signals, discuss trading strategies on the integrated chat, and buy strategies and crypto robot templates from the Cryptohopper marketplace. You don’t need to be an expert in order to copy signals of other traders.
Market-Making
Market makers can trade easily on the spread as well, and make the markets. This includes an intuitive order book. Markets change fast, so you need to be able to change your order price fast. Click on the buy/sell signs the create an order, drag and drop it to the desired place in the order book when things change.
Market trends change, so does your trading strategy. You can automatically switch between strategies with different market trends. Use indicators to recognize market trends, and configure different trading strategies per market trend.
There are advanced configuration capabilities that allow you to configure your market maker to your needs. You can cancel orders automatically with different configurations per market trend, set stop-losses on filled orders and revert orders automatically.
Exchange/Market Arbitrage
If you want to try and benefit from price differences of exchanges and/or between pairs, Cryptohopper has an Arbitrage tool. As prices between exchanges and pairs can be different, due to supply and demand, some crypto traders try and make use of those price differences. This arbitrage tools can help users attempt to do so without the need of withdrawing funds from their crypto exchange.
You can do exchange arbitrage between exchanges without sending funds from one exchange to the other. Connect the exchanges that have funds on it, and enable Exchange Arbitrage and let your Hopper search for Arbitrage opportunities.
Market Arbitrage, also called triangular arbitrage, enables you to make use of price differences between pairs on the exchange itself. You just connect all your exchanges that have funds on it, and you can Arbitrage trade between them all. It is possible to select multiple pairs on multiple exchanges. Cryptohopper claim to offer the most extended Exchange and Market Arbitrage available for crypto traders.
Strategy Designer
The Strategy Designer lets users create their own technical analysis to get customised buy and sell signals from their own trading strategy. Amongst the popular indicators and candle patterns included are: RSI, EMA, Parabolic Sar, CCI, Hammer, Hanged Man, but they have much more built-in, with over 130+ to choose from. Cryptohopper can scan the markets 24/7 searching for opportunities for you.
With the visual strategy designer, you can easily drag and drop your technical indicators unto a complete strategy. You don’t have to enter any difficult codes, but can just click on an indicator, set it for buy or for sell, configure it and save your strategy. For experienced coders there is also the possibility to edit the strategy through JSON though, but most coders use the visual editor to adjust their strategies.
Cryptohopper Simulator
You can practice your crypto trading strategies risk-free while mastering Cryptohopper’s tools by utilising the Cryptohopper simulator. Users can backtest their own customised crypto robots and strategies, so that they can keep tweaking them until they are effective.
Mirror Trading
Mirror trading is completely free to use, and allows you to buy templates, strategies or signals and trade autonomously. The Cryptohopper marketplace is a place where strategies can be bought and sold at an instance and fed to your hopper. There are three main categories in the marketplace: signals, strategies and templates.
Crypto Signals
The crypto signals allow you to follow other crypto traders. They are sent by third party technical analysts working hard to pinpoint on-the-rise coins. Once they have spotted a potential trade, they share that knowledge with anyone subscribed to them. In the past, they would send these signals to exclusive pay-to-play crypto signal groups and users would manually buy a coin they recommend to buy.
Cryptohopper was the first to automate this process, so that if a signal provider sends out a trade signal, your hopper will pick up on it instantaneously an execute a buy or sell order. 24/7. Of course, there can be no guarantee on how good or bad these signals will be so you should understand all of the risks involved before using any crypto signal.
Crypto Strategies
There are indicator cheat sheets which are crypto trading strategies made from advanced indicators that are designed by screened and approved traders. A strategy is the collection of technical indicators that you have selected, and the parameters which will dictate your hoppers buying and selling decisions. These do not include the other aspects that may guide your hoppers trading, including your selected coins or additional tools. This is simply a method of conducting market analysis.
Templates
Templates include a custom selection of coins, configuration settings and other specific features that your hopper needs to trade. These are commonly offered by sellers to compliment strategies.
Indicators are coin specific. Not all will be set up optimally for specific market conditions. So, the template marketplace usually offers a template that can be used along with the strategies you bought from the pro trader on the strategy marketplace. There are also various free starter templates offered by Cryptohopper to help you get started.
Marketplace
The marketplace offers a selection of sellers from around the world working hard to provide your hopper with the best possible trades.
Cryptohopper Summary
Cryptohopper is a powerful crypto trading software suite that is packed with tools that can benefit crypto traders when used correctly. In a nutshell, Cryptohopper is an automated crypto trading bot with which you can trade your cryptocurrencies automatically on your own exchange. It is free to start with no credit card required to sign-up.
It has most of the capabilities, functions and features that you would expect from a trading robot with the fact it is dedicated to various cryptocurrences across multiple exchanges, making it stand out from many other of the more common robots. It can be used for manual, semi-automated or fully automated trading.
There are plenty of educational materials such as tutorial videos that are available on the official Cryptohopper website which can help users familiarise themselves with how the various features of the software work.
I would put this cryptocurrency robot up there with some other popular automated crypto trading platforms such as Quadency, Coinrule, Shrimpy, Zignaly, CryptoHero, Mudrex, Centobot, 3Commas, Trality, Bitsgap, Cornix, ProfitTrailer, HaasOnline, Gunbot, Trade Santa, Stoic and Pionex.
Checkout the Cryptohopper by using the link below for more information and to get started with a free account if it floats your boat!
Cryptohopper
$0 - $99
Pros
- Various cryptocurrencies
- Multiple crypto exchanges
- Free trial
- Crypto signals
- Crypto strategies
- Crypto templates
- Arbitrage system
- Social trading platform
- Semi-automated or fully automated
Cons
- Limited crypto exchanges supported
- Limited free trial
- Extra costs for signals
- Steep learning curve
- Requires some user initiative
- Time consuming to learn
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
