Overview of Cryptohopper crypto trading bot
Automated trading bot is a special software that allows you to set up automated cryptocurrency trading. This is a great tool for both beginners and professionals. The former can learn more about the market, and the latter can set up the bot carefully according to their strategy and free time for other tasks.
Automated trading bot Cryptohopper is one of the most popular bots available to users in the market. It offers customers a really wide functionality that allows you to adjust the settings of the platform to your own trading strategy by 100%.
It’s worth noting that Cryptohopper is not just a bot, but a full-fledged platform that also offers a lot of other useful tools for trading.
Analyze your trading
The functions of automated trading bots are very clear. They make trades on behalf of the trader in the cryptocurrency market. With Cryptohopper, you will not only be able to customize the terms of deals, but you can also count on other benefits:
- Control your assets. Cryptohopper is compatible with most popular cryptocurrency exchanges. You have the ability to connect your accounts with an API key and manage them from one terminal.
- Trailing functions. Watch the value of assets and automatically sell/buy them when the value starts going in the other direction.
- Trading bots for social trading. Copy the trades of successful traders or use one of the suggested strategies. Auto trade bot Cryptohopper allows you to look at the situation much wider.
- Professional tools. Users can take advantage of DCA, market-making, arbitrage and many other features. Traders can also create their own infographics using the built-in tools.
How Cryptohopper works
The principle of operation of crypto-trading bots (auto trading bots) is quite simple. It consists of 3 main stages:
- Market analysis. In a certain interval of time the bot carries out the technical analysis of the market fixing each change of the market.
- Risk analysis. The bot collects information on risks of transactions with a specified asset and provides it to a user if necessary.
- Execution of transactions. If after analyzing the market, the quotation of a certain cryptocurrency is at a level that coincides with the settings, the bot automatically makes deals with the sale or purchase of assets.
3 main tools of Cryptohopper
So, if you evaluate all the functionality of the auto trading crypto bot Cryptohopper, you can highlight 3 main tools that will be the most useful for the user:
- Templates – create conditions for the trading bot. After that load the ready bot as many times as you need. You can create several templates and run them at an appropriate market situation.
- Strategies – deep customization of each bot is available for users. Thus, you can set up automatic trading in such a way that it fully corresponds to the chosen strategy.
- Signals – if you are a beginner, Cryptohopper is a great platform for social crypto trading. Copy the actions of an experienced trader, what coins to buy and when to do it.
Cryptohopper is one of the best tools for automated cryptocurrency trading on the market. It supports almost all popular cryptocurrency exchanges, which makes asset management much easier.
