Review – Cryptocurrency Automated Trading Tool – Crypto Hopper

Review – Cryptocurrency Automated Trading Product – Crypto Hopper

In the next video we will show you how to trade cryptocurrencies with an automated bot, using a very beginner-friendly product. We will show you how to do it in a very simple way, step by step. If you are completely new to this and have no idea what a trading bot does, basically what it does is use indicators or signals that are based on technical analysis and signal when it is a good time to buy a currency. Such signals are based on all kinds of variables such as trends, trading volumes, sudden price changes, etc. Within this product there are a variety of templates that contain signals, and different settings for when to buy and sell.

 

 

Steps to open an account at Crypto Hopper

Create your account: Sign up for a free account

You only need a username, email address, and password. You can also use Google, Facebook, or Apple to sign up.

Define your bot

When you first log in, Crypto Hopper will try to help you set up your first bot.

General information

Enter your full name and select Israel.

 

Connecting an Exchange to Crypto Hopper

To start automated trading with Crypto Hopper, you need an exchange account. Register with your preferred exchange or select the exchange you currently use for trading. Your funds will always remain on the exchange.

Tip: If you don’t have an exchange account yet or if you want to explore Crypto Hopper without connecting an exchange, you can select the ‘Simulated Funds’ option in the next step.

API Keys or Simulated Funds

To set up a connection between Crypto Hopper and your exchange, you will need to enter your API keys. You can find detailed instructions for each exchange here .

You can explore the Crypto Hopper platform without connecting to an exchange by selecting ‘Simulated Funds’. In this case, Crypto Hopper will create a demo bot for you with a trading balance of non-real money.

Select a primary currency for trading

Your base currency is used to buy coins. Sold positions will be automatically converted to your chosen base currency. You can choose from a variety of currencies. If you are new to trading, we recommend using a stable currency like USDT or EUR.

Tip: If you want to use a different primary currency than the one listed in the drop-down menu, you can switch later after the initial setup of your bot.

Define your bot

There are two ways to set up your bot:

• Signal Tracking . This is a great option for beginners or those looking for a quick and easy setup.
• Build your bot. Customize your trading by implementing your own technical analysis and automating your existing strategy or one you download from the Marketplace. This option requires initial setup and ongoing monitoring.

Risk level

Choose your preferred risk level and let Crypto Hopper configure the bot for you. Later, you can adjust settings such as gains, features, and indicators to customize your bot.

Go through your bot’s settings again.

Your bot is ready to trade. Review the settings, enable or disable it, and enable buying and selling. You can enable all settings in your dashboard later.

 

List of exchanges that interface with Crypto Hopper

1. Bitfinex
2. EXMO
3. OKX
4. Bitpanda Pro
5. Bitvavo
6. HitBTC
7. Huobi Pro
8. Bittrex
9. Binance
10. Coinbase Pro
11. Poloniex
12. Binance.us
13. Bybit
14. Kraken
15. KuCoin
16. Crypto.com

Video transcript:

Hey everyone in this video I want to show you something really cool and that is how you can make cryptocurrency trades with an automated trading bot using a super beginner friendly product. This video is also intended for beginners I will show it in a pretty simple way I hope, step by step. I would be very very happy if something was not clear or you have any questions ask in the comments below and I will try to answer everyone.

Now if you are completely new to this and have no idea what a trading bot does, basically what it does is it uses indicators or signals that are based on technical analysis and signal when it is a good time to buy a particular currency. Such signals are based on all sorts of variables like trends, trading volumes, sudden price changes, etc. We won’t go into all of that because we want to keep this video as beginner-friendly as possible.

In the product we will see, everyone can define their own signals, but of course it is not a simple thing. The beauty is that within this product there is a whole range of pre-prepared templates, which contain different signals and settings, when it is worth buying and selling currencies. Within this product there is also an entire marketplace of people who sell the templates or strategies or signals they have developed. Some are free, some for a fee of $5, some $10, some $50.

The bot also knows how to cross-reference information between different signals, and when it receives a signal that it is worth buying a currency, it actually makes a purchase. Now, in each such bot, we define in advance what percentage of profit we want to sell, let’s say, and we defined 2 percent. Now, we can also define half a percent, profit, or 2 percent, or 5 percent, or 10 percent, or however much we want.

We can also define that each purchase will be worth $100 and no more, of course, you can also set it to $1,000 or $10,000 or whatever you want. But for simplicity, let’s say that we defined that each transaction will be worth $100 and not to make more than 3 transactions at the same time, meaning that the bot will not use more than $300.

Then it sells the currency according to the profit percentage that we have set in advance. So if it is, for example, 2 percent and we have set each transaction to be at $100 and the bot has received a signal to buy Ethereum because it thinks it is about to rise, then the bot will buy Ethereum at $100 and sell it when the price of Ethereum rises by 2% to $102. Of course, if we choose to set a higher profit percentage, it will take longer to generate the profit and there is more risk that this profit will be generated at all.

So let’s get started, I’ll show you now the product that I use, it’s called Crypto Hopper. You have a direct link above the video and below the video, so let’s go to Crypto Hopper.com and this is the page. So here’s the free package, a package of $16.5, $41.5, $83 and a little bit. Of course, you’ll start with the lowest and only when you feel you really need it will you move on. Right now the prices are calculated annually. If you want month by month, I think it’s better to start with that.

So this is the first package for $19.49. Let’s go back to the home page. So actually Crypto Hopper is a Dutch company, I’ve known them for at least 6 years. You can enter via the link above the video and below the video start free trial or sign up here you can get started. You can register pretty quickly with an email and password or with Google or Facebook. I’ll open an account.

Basically, we’re in now, he’ll ask for some code that he sent in the email. We’ll go here, paste the code, and we’re in. I’m from a completely new account, this is what it looks like when you log in and register. So basically, right now, he’s asking to connect one of the exchanges that he knows how to work with, as you can see here, there are over 15 exchanges here. If you already work with one of the exchanges, click here on the exchanges that you work with. If not, register with one of the exchanges. You have links to all of these exchanges at the bottom of the page, below the video, quick links, you can log in and register. I work with Binance mainly, but there is a certain advantage to working with several exchanges at the same time, this is for the Abitrage bot.

For an arbitrage bot, it tries to find all sorts of gaps in certain currencies that exist between exchanges. For example, it can find that Ethereum is a little more expensive on the Exmo exchange than on Binance, and then it will actually buy on Binance and sell on Exmo. So the more exchanges you sign up for, the higher your chances of finding this arbitrage site are. I’ll just walk you through it, here’s some kind of Wizard that you don’t have to use, it’s trying to make your life easier.

Now he actually wants to connect Binance to the exchange we chose. It could also be another exchange. In general, it’s very simple. I’ll post a video below on how you can quickly open an account on the Binance API and get the keys. But for now, let’s assume you have an account on Binance or API Management on another exchange. I go to the API System Generated API here and I create keys. That’s good enough, system generated API key crypto hopper 3, let’s call it that. He wants to see that we’re not a robot. get code He sent codes here for confirmation, he wants both from email and mobile. We take these keys, API Key, paste it in the API Key here, API Secret, copy and paste the API Secret here.

Edit We also need to edit the Restriction permissions. We need to give him this permission here Enable Spot Margin Trading. We do not give him the option to withdraw money. You can also save and confirm it and save. Before doing Restricted Access, we transfer it here to Trusted IPs only. We make sure that only the IP of Crypto Hopper will be able to use it. We copy it from the Crypto Confirm Hopper map and paste it here. Save Code again because we actually edited the Restriction now.

We will see an example of what it looks like with “Simulated funds” in this example. This is our way of doing a demo on non-real money to see how it works. He wants to choose a starting currency, we will choose the euro in the example and continue. He asks if we just want to follow signals or want to build a trading bot. We will choose a trading bot. He asks us what type of risk we want to choose. We will choose low risk for example, and then he actually creates some kind of bot for us that of course works with Binance because it is the exchange we connected on Low Risk, targeting the euro against these currencies Bitcoin, Cardano or Raven Coin, etc. and Start.

This is what the initial bot looks like, he will actually give us ten thousand euros here to start with. Executing he will start trading. Here he has already made and bought 2 buy order BNB coins and here he is also buying a coin. I will walk you through it and show you what each one is. So basically this part here is all the orders that are open for buying or selling. He has not executed them yet, it is currently open, we can still cancel this buy offer manually. Here and here are the open positions, that is, how much ADA he bought. He bought a coin in such an amount of the coin 909.07 EUR, currently it is according to the EUR, currently it is already up 0.1%, here it is 0.09. Here he shows us some kind of summary of all the open positions, what they are currently, what their result is currently, what the return is, and how long they have been open, how many positions, we already have an increase here, here he will show us the last five sales, a percentage of how much he sold them for.

And here is a Live feed that we can see, I’ll open it, and it will give us all kinds of system messages here of everything it does, and buys and sells. So right now we already have and again it’s not real money of course, in the balance, 1.97 euros profit. Now I’ll actually move with you to Hopper Hopper, actually this whole Hopper here is a bot. I’ll move with you to my real account where it’s in real money. This is my account, I’ll go into the settings for a moment. This is the name of the bot, it’s currently working on Binance as you see here it’s trading in real money. This is not real trading money from Monopoly Paper Trading paper money. If we click this button it will move it from a real money state to a non-real money state.

Notifications currently gives me a notification for every transaction he makes, sale or purchase. Buy Settings, I’m not touching this right now, it’s something that’s predefined in the template I used. Here we basically tell him coins and Amounts according to which currencies we’re trading. The main currency is Bitcoin here, he trades against 28 different currencies. He’s constantly looking for buying opportunities among these currencies. Here I can define for him what amount to make the purchase. I can tell him to make a purchase each time, like here, with a third of all the money I have, or I can tell him to always buy at a minimum of 0.005 here, which is Bitcoin, and always use this minimum and don’t go above it.

Strategy is a strategy that I found in the market targets to buy and it is quite good, here is the number e. Here we determine the number of currencies that it focuses on. I will show you an example on the dashboard that right now it has found 6 currencies with a signal to buy and if there was money it would have bought all six first. We could have told it in the configuration that in fact only one will always buy or two or three. Here I actually choose Sell Settings at what price of Take profit At profit I want to exit. Right now I am set to one percent profit. You can set half a percent, you can set two percent, I will stay at one. Stop plus is a very important point that we will soon see how it is also reflected in backsight. Right now my stop plus is at 10. I could have chosen it to be at 1 or 2 or 5. What this actually means is that we will show you this on the dashboard if I had chosen a stop plus of one percent, then all these positions would be known to me.

Let’s take a look at last night. Last night he actually made me here, this morning it was from 06:00-08:50 he actually made me 5 sales for a profit of over a percent, 1.1%, 1.3%. But these currencies most likely before they reached a yield of 1.3%, they went below, they went before minus 2% and only then rose to 1.3%. So if I had put a stop loss too low I would have lost this position. So I put ten, some don’t even put one at all and they choose to manually get rid of a position. For example here I decide to Sell that 5.3 is too much I can tell him and then he will sell it manually.

In the info here I can see data about the price I bought it at 0.004766. Right now the last price is 4658 and of course we are waiting for the bot to wait for it to go up in order to sell. Right now I am up 0.34%. Now I will show you something very, very important that is in general in the whole topic of algorithmic trading, Back Testing Automated trading is back testing. It basically means that we are testing a strategy for a certain period of time to see what would happen if we were to run it for example this week back. Still it does not tell us anything about the future, here too it gives us a warning. Warning, past performance does not guarantee future results. That is, past performance does not guarantee anything about the future.

I can say that is, it is Loading existing configuration copying the settings from the bot that is currently working. I will currently choose a different strategy that I also downloaded from the Marketplace here stoploss 10. Let’s do it against the XMR currency, a fairly famous Monero currency. I will ignore the suggestions he gives me for now. I will select Select period here and do it for example for the last week apply start backtest. Right now he is again testing the backtest with a Stoploss of 10%. This is what the Bitcoin graph looks like against Monero in the last week. Here we see the transactions he makes. It takes a little time, here I will speed it up a bit in the video so that it is faster. Here it is finished. So what we see here is actually, we can see all the transactions. This is really him working according to the exchange rates at the same time. You can follow and see the dates that he supposedly bought and tomorrow. Now here he gives us the results, the most profitable transaction he made 2.6%. The number of times it was successfully sold 45 times, the number of times it was sold at a loss 0 times. The average holding time is basically how long we held the position on average until we sold it, 14 hours.

In fact, between the time he bought on average and the time he sold, 14 hours passed. Now let’s change the stop loss percentage for example and make it 0.5%, let’s say, and we say that at a 0.5% loss, you will sell to us and we will see how that affects these results. I’m doing a start back test, I’ll speed up the video a little, it takes about a minute and a half or two per week. So here we see the results max profits 0.89, successful sales 23, sales with loss 37. A lot, I mean the low stop loss that we put in actually created a lot, a lot of trades at a loss for us. So that’s why I keep it higher, we’ll bring it back to ten.

And so you can do this against any currency and see what would have happened if this bot had worked during this period of time. I’m going back to the dashboard, I’m going back now, this is our real bot, not real, sorry, this is our demo bot. It says simulator here, meaning it’s not real money, we’re looking at what it did right now, how it looks. I suggest that you actually open an account and play on the simulator, maybe if you want, put some money in to try it, really not just to get a feel for it. Here it went up to 0.35, it’s important to emphasize that basically any change in the currency that happens on the stock exchange is really reflected here for a second or two to the extent that the change is reflected here.

I’m going to my Binance BTC Hopper. I want to go to All Trade History and that’s basically all the past I’ve had right now. All the trades are almost positive. Here the bot was I put it on 0.6 Take Profit At 0.6 and above and then I raised it to 0.8 as you see here and then I raised it to 1% and since then I’ve left it like that. I’ve had quite a few successful trades. It was let’s see when this percentage was from the tenth. The tenth was yesterday in one day. Also these trades that are basically all the ones you see here were at a loss of 2.3% and then they were up and then he sold them at a profit.

Another very important thing I want to go over with you is the Marketplace. This is the coolest thing here. I’ll move on to the templates. What we actually see here is a lot of templates, most of which were developed by people who work on Crypto Hopper. There’s also a small part of the company’s own Crypto Hopper. There are templates here that are suitable for a rising market, a falling market, for this type of currency, for another type of currency. You can sort here, I’ll say I’ll search by Binance and those that are suitable for Bitcoin. If I want to download a template, I click here Download, it’s already there. If I want to use this template, I go to My Library Templates, it’s my templates. If I built this template or what I downloaded from the Marketplace, I choose one of the templates that I downloaded from the Marketplace, for example, this one. Here I click create new hopper save and a new hopper is created for me. Right now it’s disabled, I don’t activate it, which is actually based on the settings of the strategy that I downloaded from the Marketplace.

Let’s go back, this is our bot. This is my bot, this is the bot we opened for example. I see that it has already gone up by half a percent, 50 euros in non-real money, paper money of course. So I hope you more or less understood what an e-commerce bot is. If you want, you can comment below and ask me questions and I will try to answer. You can also subscribe to the videos that I will upload later, I will show strategies and all kinds of templates. You can subscribe to receive notifications when these videos come out. I hope I really helped you, so thank you very much and see you later.