The Absolute Complete Guide To Setting Up Your Cryptohopper.
What is Cryptohopper?
Plainly put Cryptohopper is a Cryptocurrency trading robot. Its made to help short term traders automate their already successful trading strategy. With a robot making your trades for you, you don’t need to wake up at 4 in the morning anymore. However inexperienced traders dont be put off. Cryptohoppers functionality and its user face is also very beginner friendly. Basically every trader whether you’re just starting out or are already an experienced trader can benefit from Cryptohopper. It’s in our opinion, one of the best bots out there.
I know what your thinking; ‘’I don’t know anything about bots, let alone know how to configure one that actually makes me money too.’’. No need to worry my friends, we will explain everything in this guide. We promise you that at the end of the guide, you will know the basics of setting the Cryptohopper up AND you will understand how to tweak it to your personal winning strategy.
Before we bombard you with information, let’s talk money for a bit. We know if you have never tried a trading bot before you are most likely skeptical. I know we were. So let’s not beat around the bush. You probably aren’t going to try a Trading Robot now if it’s going to cost you a fortune. Well, we have great news for you. One of the things we like most about Cryptohopper is that it offers its customers a 7-day free trial. It’s the perfect opportunity to try it out. Even if you think after a couple of days this isn’t for me, you can always just cancel and move on without losing a penny on the bot itself.
You can have the bot up and running in a day, meaning you have 6 full days of benefit and experimenting left. Trust us, if you’re curious about Trading Bots, try it here.
The difference in plans.
The first thing you need to know what makes these plans different is what the list tells you. Let’s start with positions, meaning the number of open positions you are allowed to have. So if the bot buys one coin for you with a target price to sell and a stop loss, it has an open position. Now that position may be open for 2 hours or a day depending on the market. That means you have 1 open position.
Selected coins, this means the number of coins the bot is allowed to buy for you. In the trial version, you can select up to 15 coins to trade with. Now that might seem limited but it’s actually doable. You can change the selected coins at any time so today you might trade 15 completely different coins than tomorrow.
Next up we have the max 2 trigger criteria. This feature allows your robot to trade of specific triggers. For example, you might want to trade of moving averages together with RSI. Now, this might sound like hocus pocus for beginners but no need to worry. You can trade of triggers but you don’t need to. If you want more triggers you need a more expensive plan. In our experience, 2 triggers are more than enough to be successful. Some traders are even very successful just trading of RSI.
Last but not least we have the technical analysis criteria. This means the amount of time the robot takes to check the chart. So in the trial, it checks the charts every 10 minutes.
That covers all the criteria except the pro version, we will leave that one be for now. About the actual payment, It’s possible to pay per month or to purchase the service for a whole year. It’s also important to note that Cryptohopper doesn’t provide any refunds. We recommend to gradually upgrade and definitely start off with the free trial.
Cryptohopper allows traders to remove stress, sleep, and emotion from the trading process. It solely relies on technical analysis to perform trades and has a programmed trading approach. We think the main 2 features that are the most important are the following two: The robot allows its users to subscribe to external signals to follow or configure a personal strategy to follow or both.
Trading off subscription, is basically exactly how it sounds, you pick a free or paid channel and the robot will make every trade the channel makes for you. This is one of the easiest ways to get started without any knowledge. You can check the track record of the paid or free channels so you will know what you get yourself into. We will explain in detail how to set it up below
Trading with a personalized strategy. This means the robot trades of your personal technical analysis indicators. You decide the stop loss, targets and when to make a trade. This needs a bit of experience to understand what you are doing. However, we will also explain in detail how to set up a personal strategy. The problem with just setting one up is that tweaking it may be difficult if you don’t understand what’s going on.
You can also do both.
Cryptohopper is compatible with up to 75 different coins and nine major exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex.
Down below we made a summary of some of the other features Cryptohopper has to offer its users.
- Functionality– Cryptohopper operates as a web-based solution, and features an easy to use and intuitive user interface that includes a wide range of functions. Users can configure the bot to trade automatically 24/7 and make use of both algorithmic and social trading. Trading strategies can be derived via various technical indicators or by following the actions of third party trading experts.
- Technology– The semi-automated trading takes place via API integration with a range of cryptocurrency exchanges and the service can be utilized on any device connected to the internet such as a desktop, laptop, tablet, or mobile phone.
- Range of Tools– The platform provides a good range of trading tools and incorporates features such as a bot backtesting tool, configurable and saveable templates, trailing stops, and customizable technical indicators. Users can also rely on indicators such as Stoch, RSI, Bollinger Bands and MACD.
- Exchange Integration – Cryptohopper is currently compatible with nine exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin, and Poloniex. Support for BitFlyer, Bitstamp, CEX.IO, Cobinhood, and HitBTC is scheduled to arrive soon.
- Customer Support– The platform incorporates a support team that is available to deal with any issues. Users can contact the team by submitting a support ticket in the Support Section, and they can also be contacted via their Twitter account, Telegram group, and Facebook The website also contains a number of FAQs in the Support Section, as well as a number of Tutorials that help users to navigate the platform. In addition, the team has also produced the Cryptohopper Academy video library.
Cryptohopper Account Signup
Creating an account is a simple process, and the main page has a green “Signup” tab at the top of the page.
Create an Account
Visit the Cryptohopper website and enter a name, email address, username, and password in order to register.
You can then confirm your email account by clicking the activation link in the email sent, and gain access to the dashboard.
Setup your Account (simple version)
From here you can simply follow the wizard as it will help you to quickly configure your hopper. You just need to select an exchange and configure the bot via your preferred exchange’s API keys and also set up basic hopper configurations.
HOWEVER, for an in-depth guide to configuration, scroll down below and we will go more into detail.
From here you can immediately start using your hopper, and once you have used the wizard and set up your account, you will be able to access a host of features from the dashboard. You can subscribe to signals, configure templates, and begin backtesting your bot, as well as set up two-factor authentication on your account.
Signup to Signallers
Cryptohopper allows users to sign up to integrated professional external signals, and the signaller service is provided by experienced traders who look for positive signs of an upward move. There are both free and paid subscriptions available and bots can be configured to follow signallers in just a few clicks.
Signallers have easily accessible performance reports and their profitability can be tracked, they also make use of cloud computing and machine learning algorithms to consistently monitor numerous technical indicators across a range of digital currencies.
Setup your Account (In-Depth Guide)
Picking the right exchange.
Before starting we’d like to point out that this is not intended as investment advice but an informational guide based on our own experience and observations using this bot. It’s opinionated and only representative of our personal views.
We personally only tested Bittrex, Kucoin and Binance and our preference goes out to Binance because of low fees and high volume. Bittrex has more signals but we trade based on our strategy so we wouldn’t really know about that. We didn’t like the Kucoin template because there are still errors in it, e.g. graphs are not set to use TradingView this didn’t fit well with my modus operandi. We can’t comment on poloniex or the other exchanges since we haven’t used those.
We like the low fees of Binance when you allocate an amount of BNB to pay for the transaction fees (enable this option on Binance and put some BNB that you don’t trade with into your account). The low fees make it possible to be profitable even with small % gains and the high volume ensures your sells execute quickly.
Picking the right method.
Yes, it’s that simple! If you’re not familiar with the technical analysis you should either dive into it and learn the basics or stay away from it. It’s not sufficient to thinker with backtesting to pick a good TA strategy. Also working strategies in the past are not guaranteed to work in the future! So working with TA requires you to adjust your strategies depending on the market conditions.
Warning! Be careful with free signals they can be pump and dump signals just meant to offload their bags onto you
We aren’t going to push you into one direction which signals to you. However, we will say this. You get what you pay for. Our paid signals have always been of better quality than the free signals. Naturally, this also isn’t a golden formula, whenever the market takes a dive and everything is red, your trades will be too.
Setting it all up.
So once you have decided on which type of bot, which exchange, which method and which strategy it’s time to do your configuration. Let’s go over this one by one.
As you can see each signaller has it’s own “Configure” settings.
You can use “Market order” because this allows the signal to be bought immediately at the current market price. But there’s always a risk with market orders as you are never sure about the price you’ll pay. If you don’t want to place market orders and avoid the risk of market orders you could set a “Percentage higher bid” to a small % like 0.5% for example. This would ensure your limit order gets executed. If the market price is lower you’d still pay the market price but if the price went up by let’s say 0.4%, for example, it still executes your order and if the market would rise super fast (pump and dump) you’ll not be stuck buying the top of the pump unlike with a market order.
Our latest configuration is to set “Percentage profit” for signals directly in the configuration part of the signals so I can run one TA strategy and have a low “Percentage profit” for TA buys and a high for signals. But more about this later.
Also, keep in mind if you set “Percentage profit” here it will overwrite your base-config setting.
“Allow all coins” ensures you’re in on all signals but this also means you potentially buy what people refer to (pardon the expression) as shit-coins. Since we don’t hold long term I don’t worry too much about it. If you keep your signal orders small your risk is spread over many coins reducing it effectively.
Here’s a common issue and how you can avoid it.
Your orders are put in, but they are not being bought.
There are several possible solutions to your problem.I will list them one by one below.
1: Use market order in the signaler configuration. This tells your hopper to try to buy the latest ticker price. This should almost always result in a buy but can result in a less profitable buy signal.
2: Use percentage higher bid in signaler configuration. Using this you make a bid slightly higher than market price. Because of this, your order is more likely to be filled, but it will make the signals you receive slightly less profitable.
3: Set your ‘’user ticker rate’’ to use last tick if higher lower or use last tick. This can improve the hopper’s chances to make a buy order but might lead to a slightly worse position.
As you see all these options lower your potential profitability, but if you don’t use any of them you will likely not make a lot of trades in the current market.
As stated before we use Binance and we have my “Base currency” set to BTC.
Pick the right coins.
This is page depicts how you can pick high volume coins that have strong buy pointers. In a perfect world, you would consequently pick coins with the best “buy” or “strong buy” indicators.
Presently this is a dull procedure yet somebody has figured out how to mechanize this and put it into Cryptohopper. All credit goes to Matteo Antoci who built up this incredible Crypto Hopper tool named “CH Companion”. It’s a Chrome and Firefox expansion that helps you pick the coins for your Hopper.
CH-companion lets you:
- Pick your preferred “Exchange”
- Set your “Base currency”
- “Limit” your coins to the limit of your bot or your own limit
- “Whitelist” certain coins you really want to be included
- “Blacklist” coins you don’t want to be included
- set a “Min % volatility”
- set a “Max % change”
- And pick a “Rating filter”
Important note: CH-companion is a browser extension that has direct access to your Cryptohopper configuration page. Based on our own research of the code that’s available for inspection on Github it doesn’t contain any malicious code but you should be aware of the potential risk of running extensions
To run CH-companion just open up your config page for your hopper and click on the kangaroo icon in your browser, this pops up CH-companion and you can start to enter your settings.
We set the limit to the maximum coins you can get, I pick the oscillator rating and blacklist some coins we dislike and add the top 15 coins as whitelisted. You could further fine tune by using the other options.
If you prefer not to use this extension have a look here: https://cryptoqualitysignals.com/index.php/best-coins/This signaling service lists the best-coin per exchange.
Depending on the choices you made earlier on you will set this to “No strategy, manual/external signals only” or to a “Multiple TA factors” setting
- If you don’t intend to do TA trading just pick “No strategy, manual/external signals only”
- If you intend to use TA, pick “Multiple TA factors” as it gives you the most flexibility.
We use the latter. From testing, we believe that the combination of RSI or Stochastic RSI with Bollinger Bands offers the best combination. Stochastic RSI tends to result in more buys than RSI and combining both with BollingerBands reduces the number of buys somewhat.
Another thing we have noticed is when you use Stochastic RSI this value doesn’t necessarily correspond with the Stochastic RSI from TradingView.
This has been confirmed by support. So be careful using TradingView to build your strategy.
It is important to remember that the Stoch RSI is an indicator of an indicator making it two steps away from price. RSI is one step away from price and therefore a stochastic calculation of the RSI is two steps away. This is important because as with any indicator that is multiple steps away from price, Stoch RSI can have brief disconnects from actual price movement. That being said, as a range bound indicator, the Stoch RSI’s primary function is identifying crossovers as well as overbought and oversold conditions. ( source: TradingView)
Stoch RSI will indicate more buys and can catch buying opportunities where RSI would fail but overall if you want to play safe RSI would be the way to go.
So during a strong “ALT season”, which is a period in which BTC hardly moves in either direction but mainly goes sideways, you might just go with either RSI settings or just Bollinger Bands without the combination of both to get more buys.
“However be very careful, once BTC moves significantly your alt positions are gonna turn red”
One thing you should know is that stochRSI is different than the one you see on Tradingview as it comes directly from the exchange or from the software library Cryptohopper is using whatever it is it’s not identical. So base your research on the chart of the exchange.
We need to build in a mechanism to catch this BTC behavior but more on this when we discuss triggers.
Number of targets to buy
We have set this number to max 5 or even less when market conditions are not optimal. The reason for this is that you want the best coins only from your TA analysis. If you set this too high all possible buys will end up being bought. We only want the best.
Sell based on strategy
This is a tricky setting. Strategy based selling would only sell if, for example, the RSI value you defined indicates it’s overbought. This will be the best moment to sell for your chosen timeframe, in most of the conditions. However technical indicators are not fail-proof and positions could be sold with loss. I would only suggest using this if you have enough experience with this bot.
Another thing is overbought conditions can last longer than expected and it’s not uncommon to see a stochastic or RSI indicator going sideways above 80 (when it actually would indicate a sell)
As you can see if we sold based on RSI strategy we would have missed the continued price increase during an entire week.
If you set a tight Percentage profit however it will overwrite the RSI strategy, in other words, a sell will be triggered before the strategy reaches its sell condition.
If you enable trailing-stop I have also noticed that it overwrites “Sell based on strategy” once the “trailing-stop” is hit. On top of that, you can enable “Only sell with profit” which applies to trailing-stop selling to avoid selling at a loss, but more on this later.
We enabled both “Strategy”, “Profit” and “Trailing Stop” unfortunately the “Trailing Stop” is not visible on the image here, and but you can see that “Strategy” can sell at an undesirable price. Still, this can be good if let’s say the price would otherwise drop further and leave you with bags. So it’s not easy to conclude “Strategy” is good or bad as we don’t know the price movement of a coin in the future.
Personally, we would disable this setting certainly if you are just starting out with the bot.
We have “Advanced multiple TA settings” enabled. I believe in the KISS principle. Always keep your settings simple, the default settings for “RSI” and “Stoch RSI” are pretty good if your timeframe is not too short. It’s easier to show this visually.
As you can see we’re using a 30-minute chart here, a lower RSI value will trigger more buys (green ellipse) (& sells (red ellipse)) as the oversold and overbought levels are reached faster than with a higher setting of 14 (the default). But note these buys might not give you the minimum % needed to break even on your trade. So it’s not always a good idea to have lots of buys if they can’t be sold for a profit. So don’t set the RSI value too low, check it first on a chart or do some backtesting.
Setting your “Stoch RSI Oversold threshold” lower than 20 will select coins which are more oversold but will generate fewer buys but probably more gains and less likely to go more into the red (not a guarantee).
“Stoch RSI Overbought” threshold higher will delay the time of selling until the coin enters the higher overbought conditions if you use “strategy” to trigger sells.
Although it is tempting to pick a lot of indicators to get more accurate buys or sells, these indicators usually don’t happen to trigger simultaneously which makes you lose out on lots of trades. It would be nice if the bot could place a buy after a series of indicators triggered in a short term sequence but currently, it doesn’t allow for this.
So don’t make too complex combinations because if you do you won’t have a single buy or sell.
Our strategy is to have a lot of turnovers so we don’t intend to keep our buys long, the downside to this is that we miss out on some potential gains, the upside we are less likely to be stuck with bags. In other words, we keep our profits low and sell quick. That said we do use “Trailing stop” to catch some winners but more about this option later.
Our “Percentage profit” is also dependent on the market. Every once in while we check the market situation and adjust this %. However, with the advent of triggers, you can even automate this but we’ll address this when we go over Triggers
If the market is slow for ALT coins, we put the percentage intentionally low, around 1.2% even. If the market is good for ALT coins I move it up to 3% or more.
Sometimes we use a different strategy and set the “Percentage profit” to 50% and enable trailing stop. This ensures we only use trailing stop but in the event, it reaches 50% a sell order is issued. If you set “Trailing stop only” you also use trailing stop only but it completely overwrites “Percentage profit”. Ofcourse, you can set it at 5% or 20% whatever you want your upper limit to be.
Using the 50% hack allows you to still set a different percent profit per coin something that’s not possible when you enable “Trailing stop only” while still having the same benefits.
Ticker rate (I leave it as is)
Unless seeing higher under signals you’re running into buy issues with your signals for example.
This feature allows you to build in a “cooldown” time. Sometimes your buy criteria trigger lots of possible buys in short time period, that’s not always good, because this can be due to some news or pump, lots of buys happen but when the market corrects you’re stuck with bags. A “cooldown” makes sure your buys are more spread out in time.
Personally, we don’t use this feature unless we want the bot to slow down, in that case, we set it manually.
Only 1 open buy order per coin
If you’re running more than 1 signaller or also run a strategy that catches buys for a particular coin chance are you end up with lots of buy order for the same coin. This can be a positive thing if the coin does well however it also concentrates your orders on fewer coins increasing the risk for losses if the coin happens to turn red. So if you want only 1 buy order per coin enable this feature.
Personally, we only use it when using signals to avoid multiple buys of the same coin at the same time.
Percentage lower bid/Percentage higher ask
If you want to squeeze out a better deal you can set this feature. This can give you a better entry and exit
We have used it and it does work ok so we can recommend it, but currently, we are not using it as we want my orders to execute as fast as possible.
In theory, this is a good feature as it can minimize your losses. Basically, this acts as a stop when your signal’s price goes down instead of up. By stopping you out you avoid getting stuck with bags. So from a risk/reward perspective, you’d think this would be a great idea.
However if you set up a bot that buys a lot of signals and the market suddenly changes due to an increase or decrease of BTC, almost all your coins will turn red and the stop-loss would be hit after every new buy. Sometimes signals go red for hours before turning green and also these would be stopped out before they turn profitable.
So if you use this feature set it low enough, it’s not uncommon for signals to drop 5% or more and still become profitable.
So we shouldn’t manage our risk? Of course we do but the way I have set it up is I buy small amounts of lots of different coins to spread the risk. If one coin drops 10% it will hardly affect the rest of bot or it’s profitability. And when serious market changes occur I always step in to manually handle things and intervene.
Trailing stop-loss & Arm trailing stop-loss at
This feature alone makes this bot worthwhile. To understand it I refer to this article from Cryptohopper: https://medium.com/@cryptohopper/how-to-profit-from-a-trailing-stop-loss-in-an-altcoin-bull-market-240b2bca175c
Basically, it’s a stop-loss but a smart stop-loss it only gets triggered when a certain profit % is reached and will keep trailing the current price.
For example, if you have a trailing stop loss of 2% that’s getting triggered when the price reaches 5% it means that if the price moves up to 8% your stop loss will also follow, and will be a 2% drop from the current 8% gain.
The “arm trailing stop-loss” is basically the % at which you want it to trigger. If that threshold is crossed this relative stop-loss kicks in.
We use this all the time. We set a “trailing-stop” loss trigger around 2% in a slow market around 3% to 5% in good market conditions. The stop-loss will move from 0.3% to 2% depending on again market conditions. You need to experiment with these settings to find what works best for the moment.
Most of the time it’s aimed at 4% with a trailing stop of 2%.
Reset stop-loss after failed orders
This is useful because it will remove the trigger from your coin if somehow “trailing stop-loss” failed, so it’ll revert back to the normal profit taking until the threshold is triggered again.
Only sell with profit
This is something you should always turn on. We can’t think of why you wouldn’t do it to be honest unless you rather not have red coins at all. This feature prevents a “trailing stop-loss” to sell at a loss.
Basically, it’s the opposite of a “trailing stop-loss”. This would follow the price downward and trigger when a certain predefined percentage of upward movement is reached and make a buy at that point.
Backtesting we couldn’t significantly improve the outcome activating this feature. We haven’t done enough real-life testing to comment on it but it should probably be used in combination with “Dollar Cost Averaging” for optimal results.
Hold assets when a new target is the same
If this is enabled and your coin is let’s say at 1.9% and you have set a percentage profit at 1.8% but a new buy for this coin comes in it will not be sold because the expectation is the price will rise more.
We have this enabled.
Only buy when there are positive pairs
Only buy if coins have shown a positive change % in 24 hours.
We also enable this one
Auto close positions within time
We guess it’s pretty obvious what this does, it closes positions that have been open for too long. We personally don’t use this as we monitor these manually and close manually if we think that it would be a good idea.
If your bot has enough liquidity (in this context, enough base currency to buy) you don’t need to close out of positions as often as when you don’t get new buys because all your money is locked up in open orders.
When we see we are missing out on buy signals we close out the old open positions that aren’t profitable if not we just leave it as is.
We don’t use this feature.
Dollar Cost Averaging (DCA)
This is a great way to get rid of the bags. Let’s say you buy 1 coin X at $90 and the price of bitcoin drops to $45, you’re at a 50% loss. Dollar cost averaging would now trigger and buy 3 times this coin X at $45.
So now you have spent $45×3 + your initial $90 and you end up with 4 coins. This means your average cost per coin now is ($45×3 + $90)/4 or $56.25 you’re loss is now $56.25 -$45 = $11.25 per coin instead of $45 per coin.
This means if the market goes up to $56.11 you’ll be break-even no need to sweat it out till $90. However, if the market keeps going down you have increased your bag size 4 times.
You can do this directly from the dashboard under bulk actions. This way you have more control over it.
As you can see you can do other useful things here apart from “Create DCA orders” like putting positions “On hold” (prevent them from selling off at the “percentage profit” or by the “trailing stop” or “sell signal”).
You can merge orders when you have two of the same positions you can select both and hit “Merge positions”. This will create 1 position and recalculates the price based on the price and size of your two positions.
The opposite is “Split positions”. Can be handy if you want to sell for example a signal bought position at target 1 and let the rest ride for target 2.
You can also set all “Set percentage profit” for your selections.
Remove positions removes them from the dashboard for selling but does not sell them, you can find the removed positions under “CURRENT ASSETS” when you hit the “Synchronize” button.
Of course “Sell positions” sells your positions.
Max open time sell/buy
We give our bot 30 minutes to sell and 15 minutes to buy. Experiment with these settings to find what works for you.
Max open positions
Don’t exaggerate with this because the more positions you have the more time the bot needs to go over all these open positions and the longer each run takes. We cap this at 35 max also because we still want to be able to see visually on 1 screen how my coins are doing.
Max percentage open positions per coin
Determines the maximum number of open positions allowed per coin.
It’s expressed as a % of the max open positions. So imagine you have 20 open positions and you set 10 in this field. You will 20 * 10/100 = 2 open positions per coin!
If you have 60 coins and you set 5, you will have 60 * 5/100 = 3 open positions per coin
3.25 Percentage buy amount
Determines the size of each buy order. This is also expressed as a % of the Maximum BTC amount allocated. So let’s say you allocate 0.5 BTC for your bot to trade with.
If you fill in 10 in this field you will get orders of 0.05 BTC each.
If fill in 20 you would have 0.5 * 20/100 = 0.1 BTC
If you fill in 5 you would have 0.5 * 5/100 = 0,025 BTC
So in order to calculate the %, you need to fill in your need to take your desired buy order size and multiply by 100 and divide it by the Maximum BTC amount allocated
If you want order sizes of 0.01 BTC each we do:
0.01*100/0.5 = 2
Conclusion: If we fill in 2 into the field for Percentage buy amount we will get orders of 0.01 BTC each.
Minimum BTC amount per order
Determines the minimum amount for every buy order/position. If ‘Percentage buy amount’ is not used (left blank), this sets the value of each buying position. For example, if you would not set the Maximum BTC amount allocated in other words if you want at all time all of your BTC used for opening trades and you’d use this field to set the minimum order size.
You can save your configurations and test out other configs by saving them as templates. Click on the gear icon in the upper right corner of your hopper.
Triggers can be used to monitor certain conditions and take action depending on that condition.
We, for example, use it to monitor sudden increases or drops in BTC vs USDT.
There are several ways to achieve this. You could work with RSI, checking when BTC enters oversold areas, this way you can act before the actual drop
Unfortunately, RSI based triggers don’t seem to always trigger when they’re supposed to due to a different implementation of RSI on for example Tradingview and Cryptohopper.
This is a trigger that triggers when btc goes up. It monitors the BTCUSDTrate and when it goes up by 3% for a candle size of 30 minutes it will disable buying and send me an email. You could do the same for BTC going down by using a minus in front of the % value.
Popular TA strategies
To be added manually
• Market: BTCUSDT
• Candle size: 5 minutes
• Indicator: RSI
• Trigger when RSI is: greater or equal to 78
• RSI period: 14 (default)
• Actions: Set buying status disabled & Set percentage profit to 0.15
• Cool down period: 4 hours
• Market: BTCUSDT
• Candle size: 5 minutes
• Indicator: RSI
• Trigger when RSI is: less or equal to 24
• RSI period: 14 (default)
• Actions: Set buying status enabled
• Cool down period: 12 hours
Multi base currency strategy (ETH/USD/BNB/BTC)
- VenomHopper: https://www.cryptohopper.com/forums/3/1286
- Google Docs overview of CH strategies: https://docs.google.com/spreadsheets/d/1F9KNUS-M2_bd1ZjF57LBvhCtM8O1Iy22HdFX9yC_ovk/htmlview
The above references an opinion and is for information purposes only. It is not intended to be investment advice and may contain affiliate links. Seek a duly licensed professional for investment advice.
We definitely want to mention https://medium.com/@macropus. We used his configuration guide to help us write this guide. A lot of the material he wrote is still applicable and with this post, we hope to reach even more people to use Cryptohopper.