Cryptohopper Review 2020 Is Cryptohopper Automated Trading System Legit or Scam

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Cryptohopper Review 2020 – Trading Cryptocurrency Made Easy

In this Cryptohopper review, we will dig deeper into the workings, the pricing and the team behind the new and popular trading bot Cryptohopper. Being one of our top picks when it comes to trading bots we felt the need to provide a bit more depth on this beast.

Let’s jump straight into it!

Table of Contents

The Need for Cryptohopper

Not everyone is heavily equipped to understand the investment sector and may falter if they choose to go in without any prior experience. Investments are after all a volatile business, and there is absolutely no certainty to any of your ventures.

While you may be experiencing top of the line profits today, you may as well have lost all your money tomorrow. Businesses of such fickle nature can’t be trusted upon purely on your shoulders. You do rather need a bit of a helping hand, and a guiding force to see you through.

Now while you may consult an investment expert to help you with the same, but even they are not a hundred percent correct, and most of them end up charging you exorbitant amounts of money. But what if we were to tell you that there is a way through which you could get to simply relax while someone else does all the planning and subsequent investing for you?

What if we were to tell you that you need to be aware of the market complexities and ups and downs, for someone else is quite efficiently taking care of all of that for you? And what if we were to finally tell you that this someone was actually not even human? What this basically means is that any chances there might have been of human error are completely eliminated. Yes, you read that right. You can actually hire bots which will do all of the investment scheming and actual investing for you, while all you need to do is sit back and relax.

Let’s get into this Cryptohopper review directly, shall we?

What is Cryptohopper?

Cryptohopper is mostly defined as an automated bot program designed to carry out all your investment actions. It is automated because it requires absolutely minimum human interference and happens to be quite self-sufficient. Cryptohopper will effectively manage your trades for you, and since it is a bot, all it requires is a decent algorithm to work on. As soon as the algorithm is fed into the system, the bit starts working and works exactly as per your desired plan.

To put it in simple words, all you need to do is sign up on the Cryptohopper platform, and further direct it towards whatever cryptocurrency exchange you like to work on, and your job is done. The bot will then begin its work on the exchange and make sure you get the best returns on all your investments.

However, before you let the bot run loose, you must first decide upon a trading strategy. This strategy constitutes the algorithm that is fed into the bot. Once that is done, the bot knows exactly what to do and how to do it.

One of the greatest features of Cryptohopper is that you need absolutely no technical expertise or programming knowledge in order to get this bot to work. All you need is a clear perspective on your trading strategy and the campaign you are going to follow.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Once the bot understands all of that, your job is done. It has been designed to be inherently user-friendly and pretty easy to use, with specialized efforts being put into it by the company to make sure the interface is as simple as your everyday program where you simply have to click on one of the many choices on your screen.

The Cryptohopper Review: Complete Overview

The working of Cryptohopper, as specified earlier is pretty simple. All you need to do is sign into your account. Then, you will come face to face with a pretty intuitive and well-designed dashboard.

Here, you get to choose your trading campaign and make any necessary changes in your profile if you wish to. The dashboard is good for a lot of other things as well, including accessing reports on how well a particular currency is performing.

These comprehensive reports are prepared by the software itself and prove to be a great insight into what is working and what is not. They let you get a bird’s eye view of all the different currencies you might be involved with, and choose the ones you might want to let go of.

Other than that, there is also specialized advice for your account on the dashboard from experienced and professional traders in order to further help you on your journey towards building a decent trading profile.

Additionally, you get to check all of the latest and historical trends that certain coins and cryptocurrencies might have gone through. For example, you can check the price history of Bitcoins, if you want, and further even look into your own personal account and get a grip of your trading history to weed out potential mistakes or pitfalls.

But the many uses of the dashboard don’t end here, for it can be used to effectively feed a lot of useful information into the bot such as the amount of investment, strategies planned and target profits.

As far as setting up is concerned, simply create an account on their platform, pay the required fee, let the bot establish a link to your bank account and you are all set.

If these intuitive features aren’t enough, Cryptohopper actually offers more. There is a pretty awesome dedicated education section, which is exactly as it sounds since it exists for the sole purpose of educating an average newcomer about all the coolest tricks, tips and strategies one must follow to achieve success while trading for cryptocurrencies.

There are even interactive videos which come packed with so much knowledge and user-friendly instructions. Also, there is a dedicated community section, which is nothing but a forums panel where you get to interact and discuss stuff with your fellow traders.

You get the opportunity to ask questions, clear doubts and even share tips of your own, thus helping you greatly in becoming one with the community and establishing a healthy involvement in the community’s discussions.

As far as the prescribed exchange services are concerned, currently the platform offers support for a diverse range of exchanges such as Kraken, Bittrex, GDAX, and Poloniex. However, the list is not even nearly complete, for Cryptohopper as a service keeps on expanding and does plan to add on many more such services in the future.

Notable Features

To contribute towards the most hassle-free and painless experience a customer can go through, Cryptohopper comes with a unique range of dynamic features which make work a breeze for the average user.

External signal integration is the first of these features. While the name sounds complicated, it is actually something pretty simple, but at the same time highly useful in principle. Suppose there has been a major shift in the trade market for some reason.

Obviously, the said change is going to affect your personal trading investments as well. In order to adjust your trading account as per such changes such that they lead to the minimum amount of losses, or can help you harness the maximum amount of profits, one must enable external signal integration.

These signals basically function as alerts for the traders themselves and prompt them to carry out certain actions such buying or selling of a particular commodity. All of these signals are generated on the basis of certain mathematical algorithms, or some major change or events or even a recent announcement with the potential to leave a lasting impact on business. Also, you need not worry about control, for at any given time, you can always yank the steering wheel into your hands and make any changes you want.

Next, we need to mention the basic but feature-rich design. As detailed earlier, the platform has been created to work with even the most novice users and has been designed as simple but user-friendly. No matter what the experience level you belong to, Cryptohopper has something in store for you.

The community is another great gem of a feature that has been incorporated into the Cryptohopper system. It allows you to not just hold discussions, but more importantly, lets you interact with your fellow traders and get to familiarize yourself with the community at large in order to better seek guidance from the experienced ones.

Cryptohopper Settings

There are tons of Cryptohopper configurations to test and tweak. You can pick between different exchanges to trade on, picking between trading with USDT or BTC as your base currency, picking the right hopper that matches your trading strategy.

Your trading strategy is something you will have to figure out on your own – either following technical analysis, fundamental analysis or signals. The configuration and trading strategy should be fully based on your personality and market conditions. Here’s a good guide on setting up Cryptohopper.

As with any new service, the one aspect of this product that you must be desperate to get to is the price plan. Even here, Cryptohopper is willing to go all out in making the customer happy and keeping them satisfied. They actually offer a pretty unique and one-of-a-kind Bunny plan, which is sort of like a trial period. It lasts for about a month, and during all this time you get to enjoy the services of the bot without actually paying anything.

Owing to the cut-throat competition in the world today, it seems pretty generous on Cryptohopper’s part to offer the customer this deal. As soon as the one month trial period gets over, the user needs to choose a payment plan. As for what these plans are, firstly there is the Bunny Adventure Hopper plan, which costs as low as $19 for a month and lets you deal in as many as 15 different coins. Next, there is the Hare Advanced Hopper plan, which is still pretty economical at $49 for a month and lets you choose from among 50 different coins.

For people who are still not satisfied with any of these plans, there is the even bigger Kangaroo Master Hopper, which costs a good $99 for a single month and lets you choose from 75 different supported coins. The members of this plan also gain access to some other high priority services such as priority customer service and complaint addressal.

The Team

If there is one aspect of Cryptohopper that happens to be a little shady, it is this one. Unlike all the other cryptocurrency services out there, for some reason, Cryptohopper won’t list the names of its team members on to its website. None of the team members have found a mention on the official website and neither is there much information on the development history of the platform.

All of this seems a little jarring, especially to new users since it always remains to assure to know that the people you are dealing are in fact real people with legit backstories. Cryptohopper, for some unfortunate reason, fails to offer this satisfaction. However, a point worth mentioning here is that the entire Bitcoin Empire was built purely on anonymity as the developer chose to stay hidden behind the pseudonym, Satoshi Nakamoto. Perhaps, Cryptohopper simply aims to uphold the same tradition.

Cryptohopper discount code

There are many that are looking for a Cryptohopper discount code, however, at the moment there are none. However, you can still sign up for a trial account at Cryptohopper if you want to try their bot out without having to pay for it upfront. You will get a month free of Cryptohopper to see what the fuss is about. We’ve talked to Cryptohopper about the idea of offering a discount code in the future, so if that is something you’d like to see, drop a comment below and we will nudge them to fasten this process.

Overall, this is one of the best bitcoin trading bots we have ever tested. What we especially like is that it is so newbie-friendly, meaning that everyone could get their hands into trading with bots. It’s quite affordable with different plans based on what your budget is. We hope that our review on cryptohopper has equipped you with enough information for you to make a buying decision.

Cryptohopper Review 2020: Is the Bot Worth the Hype?

Cryptocurrency bots have become quite a popular thing today. Whether the trader is amateur or professional, at some time or the other they have come across cryptocurrency trading bots. This is because, a person cannot stay up the whole day and night and the cryptocurrency market is live and volatile throughout the 84,600 seconds in the day.

Therefore, to earn the profits during the nap times, traders make use of the bots that come in quite handy while booking the profits as a sort of passive income. One of the most popular bots that is used in the automated trading of cryptocurrencies is the Cryptohopper. In this Cryptohopper review, we will cover all the features of this bot (good and bad) and check if it is actually worth the hype.

What is Cryptohopper?

Cryptohopper is advertised as a powerful trading bot, that works with complete automation. The algorithm is designed to accommodate the technical indicators that are chosen by the trader, as well as the signalers that are provided as a subscription from the company itself.

The bot works well with quite a number of exchanges, including Bittrex, Poloniex, Binance, and Bitfinex, to name a few. The interface of the bot is quite simple providing an option for the beginners to trade quite efficiently.

Since the bot is going to be trading on your behalf, the company has ensured that it uses the top of the line safety features. This makes the bot quite a useful tool, to have when you are trading funds from one account to another.

The bot has been well-reviewed by the users and there have been reports of high profits while using the Cryptohopper. Using the Cryptohopper, you can go on automation and earn money on your favorite exchange,by automatically buying and selling different cryptocurrencies.

Cryptohopper Review: Features of Cryptohopper

Since you are going to be working closely with the Cryptohopper, you should have an in-depth knowledge about the features that are offered by the bot. You should be able to build up trust with the bot, and that is possible only when you know how the bot is going to work. The bot will handle your funds and will be working throughout the day to generate profits. Here are a few of the features that set the Cryptohopper apart from the other cryptocurrency trading bots:

1. Algorithmic and Social Trading

This is the core of the Cryptohopper trading bot. The control that is behind the whole system works on two basic principles, algorithmic trading and social trading. Using the two methods, the traders are able to configure the trades and the strategies that follow using the various technical indicators that can be integrated with the bot. The traders also have an option to follow the calls and predictions that are given by third-party trading experts through the crypto signals using the social trading aspect of this bot.

2. Automatic Trading

Unlike many bots that swarm the ecosystem, Cryptohopper trades throughout the day on the basis of a detailed analysis that is coded into its algorithm. You do not have to worry about things like panic sales and greedy buys since the algorithm of the bot will not allow for such trades to happen. The bot works more efficiently than a human trader could; working round the clock all days of the year.

The trades on multiple coins are done simultaneously by the bot, unlike any human trader who can focus on a single coin properly at a time. You can set the limits to which the bot would be allowed to trade and it will keep track of all the limits without requiring any additional attention.

3. Strategy Customization

Even though the trading bot allows for the maximum profitability, professional traders like it when their own strategies are being followed to conduct the trades. This is why, there is a section in the Cryptohopper that allows you to build your own strategies and increase your comfort in trading.

There are many technical indicators within the bot that can be tweaked in order to trade the way that you like it. Even with all this customization, Cryptohopper remains one of the easiest bots to operate and personal strategies can be shared with others so that they can copy your configurations of the technical indicators.

4. Following Signals

Usually when a normal person trades, they follow the predictions and analysis that are handed out by experts on Telegram groups. Cryptohopper now allows its users to directly connect these groups with the bot and the signals are picked up automatically by the bot and the profits are delivered to the user.

There are more than 20 experts who have already connected with the Cryptohopper platform and are providing exclusive signals to the users. Since the bot is automated, the traders do not have to be even online in order to follow the signals that are given. This greatly increases the efficiency of trading because sometimes you miss out on some great signals simply because you were not online.

5. Backtesting

Backtesting is a method to check the strategies by running them against the numbers in the past and checking the result. This helps to form trading strategies that will most definitely produce results. If you are not happy with the results, you can change your strategy completely or tweak it a bit to get the results that you want. Backtesting is an important feature of Cryptohopper, helping the traders form some of the best strategies.

You can assess the results in detail, noting down all the trades that the bot performed in accordance with the configuration and make the changes accordingly. This can help predict the trades in the future but it is not a definite way of assuring profits since the market is too volatile for long-term future predictions.

6. Trailing Stops

The most important aspect of trading is to make profits after making an investment. When you buy a coin, you are not looking to keep it for sentimental value. You want your investment to generate profits like any other asset. This profit can come within seconds or minutes or sometimes even days. You do not want to sit in front of a screen and put your life on hold until you see the coin that you bought rise up the charts.

The Trailing Stops feature of Cryptohopper comes in handy here, helping you set the limits where to sell the coin and not make any hasty decisions while trading the coin yourself. Within this feature, there are five ways in which you can fix the limits of the sale, taking the backseat while Cryptohopper drives your trades.

7. Exchanges

When dealing with an online trading bot, you need to be sure that the bot will have support for the exchanges where you want to perform the trades. Cryptohopper makes life easier in this aspect, having support for multiple exchanges as mentioned earlier. Having the exchanges connected to the trading bot makes the trades fast and efficient, without the hassle of going through multiple channels.

The current supported exchanges include Poloniex, Binance, Kraken, KuCoin, Bittrex, Cryptopia, Bitfinex, and CoinBase Pro. The company claims that there are five other exchanges which will soon support the Cryptohopper trading bot in them. Huobi is the official partner of Cryptohopper and there is a special offer available for all the traders who sign up on the exchange through the code given on the official website of Cryptohopper.

8. Trading Templates

Since the market is always developing new conditions, the strategies that you configure once will not always be able to hold up to the market requirements. For different market conditions, you require different strategies. This is why, Cryptohopper offers the option to create templates that can be used to easily identify the markets and combine the conditions with the different strategies that you can configure for each different type.

These templates can be linked to different market triggers such as the price of the coin or the volume being traded at the moment. With the templates, you do not have to type out the limits each time. All you have to do is upload the template and the bot will start trading according to the strategies that are configured within that template.

9. Other Features

Apart from the features that have been discussed in detail above, there are some additional features which set the Cryptohopper trading bot apart. These are Trailing stop-loss, Trailing stop-buy, Dollar Cost Averaging, Shorting, Trailing stop-short, Config pools, Triggers, Backtesting, WalletScrubber, Auto synchronize, Reserve funds,and Manual buy and sell. All these features have been integrated into the trading bot for an easier and more efficient way of trading cryptocurrencies.

Advantages of Cryptohopper

There are many advantages to using the Cryptohopper trading bot. Some of these are commonly found in other bots as well but there are some which are unique to Cryptohopper. Each of these advantages have been discussed in detail below:

1. Completely Cloud Based

Having data and applications offline is becoming a thing of the past. The future is all based in the cloud, helping users access data without any requirement of the physical disc. Cryptohopper is based entirely on the cloud, meaning that there is no risk of losing data due to an accidental disc wipe. Also, this helps you gain access when you are on the road. All you require is a stable internet connection the first time when you set up the Cryptohopper trading bot. After that, it is all a matter of accessing it when you please.

2. Easier to Learn

Trading cryptocurrencies is becoming a hyped up career and there are people joining in on the buzz without any formal training. Cryptohopper caters to their needs as well, providing a platform to the beginners that will handle all the technicality of trading for as long as they would like. There are features built within the bot that will help the beginners learn more about crypto trading and given enough time, they can turn into professional traders as well, bringing in high profits with their investments.

3. Security

When dealing in any task related to cryptocurrency, safety and security is a major issue that is often ignored by the trading bots. However, Cryptohopper takes the high road among such bots and provides an interface that is quite secure, not storing any tokens within itself. Rather, it stores all the funds within the trading accounts on the many exchanges that it supports.

4. Detailed Analysis

The Cryptohopper trading bot has one of the best technical analysis with the various indicators integrated within it. When trading in funds, you should have all the data in front of you so that you are able to make an informed decision. If you compare two traders at the same level of intellect but with one using the Cryptohopper trading bot, you will find that the one with the bot has an edge over the other one when it comes to the technical analysis of the market.

5. Optimization

The Cryptohopper trading bot has many technical indicators that can be tweaked in order to attain the maximum profits. Another thing that makes this bot desirable is the fact that there is an option to trade according to the signals that are handed out by the third party experts on social media groups.

Disadvantages of Cryptohopper

There are always two sides to a coin. Therefore, with the various advantages, there is a list of disadvantages as well. While the unique features that are offered by Cryptohopper may seem to be quite appealing, beware of the following disadvantages since it is a matter of your finances.

1. No Creator Information

On the official website, there is no information regarding the creators of the bot. There is an elaborate story given on the website that cites the beginning of the process but there are no credentials. This avoids accountability and is a major setback since many users are not able to form trust with the bot.

2. Absence of True Testimonials

While there are many testimonials that are available about the Cryptohopper trading bot. However, none of them seem to be written by a true user. From the perspective of a third person, the reviews look to be written by a group of people who just wanted to promote the bot. There are a few other reviews which do seem genuine. However, they are not positive reviews and generally talk about how the website promised all the features but the traders were still unable to generate high profits as advertised.

3. Pricing

For a bot that is necessarily providing normal technical indicators and integrating signals in automation, the pricing for the bot is quite high. There is a free trial available but the features that are unlocked on that package are quite limited. To get the full potential of the trading bot, you will have to pay $99 every month. On paper, this number may seem to be quite less considering the promises are made for high returns.

But again, the reviews of the people who have used the bot suggest otherwise. The packages for the Cryptohopper trading bot start from $19 and go all the way up to the $99 package. There is an intermediate package too, with a $49 price tag. All these subscriptions are renewed monthly.

Can you Really Make Money Using Cryptohopper?

This is the real question that you should be asking when going for any trading bot. In the end, it is all about the profits that you will be able to make, leaving the trading in the hands of an automated algorithm. Given the fact that Cryptohopper has all the features, technically you should be able to generate up to 100% profits on any trade. However, such a transaction happens either only in theory or once in a million trades. Other times, you will be scrambling to make to cope up with the market.

If all the trading strategies that are formed using this trading bot are applied to a slow and low risk market, you will be able to generate high profits on each trade. However, the cryptocurrency market is too volatile for high returns on investments. The bull runs in the market happen twice or thrice in a year and the rest of the times, the market is slow rising and prices have seen quite drastic drops as well.

Using the Cryptohopper trading bot or any other trading bot is quite risky. There are people who claim that using this particular bot is inefficient and you will be paying more in the monthly subscription than you make in profits. If you have prior experience in trading, you will be able to form better strategies with the least priced package and will be able to generate high returns.

However, if you are a beginner, you are in store for a long term investment into the learning process before you make substantial profits. You can expect between 1% to 10% profits on a typical trade before the risk gets too high.

Review of Cryptohopper

Cryptohopper – Cryptocurrency trading bot

Cryptohopper is an automated crypto trader bot that makes a profit for you, so you can focus on the important things in…

www.cryptohopper.com

Last time I wrote a short piece on Cryptohopper the newly affordable trading bot with a free trial (I think that’s a great thing, you can try before you buy!)

So I have been using this for about a month now and had it during the boom in December and the Bitcoin/altcoin crash in January so I think this gives me a fairly good idea of how this bot operates in both bullish and bearish markets.

For an overview of Cryptohopper check my previous article

Cryptohopper, the unique & affordable trading bot

Update 28th of January 2020

medium.com

This article will be about my experience with it after using it for about a month. If you need more info about the bot itself to check the article above first, then come back to this one to read my experiences.

So I bought the Kangaroo version (the most expensive one) because I wanted to use arbitrage but it seems like there aren’t that many arbitrage opportunities lately on Bittrex (update: even less on Binance) so IMHO if that’s the only thing you’re after no need to buy the most expensive version.

The bot works very good in combination with paid signals with free signals it’s much more a hit and miss, I believe because you get the signals too late and chances are you get stuck with bags. That said maybe it’s just because it’s hard to tell whether a signal is a short or long-term not all signallers mention this.

But I have seen some of the free signals go down more than 10% even during the bull market, almost instantly and that means even if they are long-term signals that the timing is not good.

So I have reason to believe that the free signals are part of pump & dump groups that want to make you the idiot buying up what they want to dump on you. Sometimes your bot can sell them fast enough sometimes you get stuck with bags. The paid signal from MiningHamster is somewhat better in terms of timing. But also there you can get stuck with bags especially during a bearish market (so better to not use the bot during a serious downtrend or flash crash).

I’m currently using MiningHamster and their signals are usually short-term (usually a few hours max). It costs $6 to use it but I’m rather pleased with the quality of the signals.

My current settings

  • Strategy: No strategy, manual/external signals only
  • Percent Profit: 1.5%
  • Percentage lower bid: 0.5
  • Percentage higher ask: 0.5
  • Stop-loss: DISABLED
  • Trailing stop-loss: ENABLED
  • Trailing stop-loss percentage: 1.3 (update: I increased this value recently to 3 still experimenting with it)
  • Arm trailing stop-loss at: 4
  • Use trailing stop-loss only: ENABLED
  • Hold assets when new target is the same: ENABLED
  • Auto close positions within time: 1 month
  • Max open time sell: 5
  • Max open time buy: 50
  • Max open positions: 20
  • Max percentage open positions per coin: 2
  • Percentage buy amount: 0.023490 (Roughly 300USD)
  • Minimum BTC amount per order: N/A

My results for 25 till 27 of January

My results for 31 of January till 1st of February

My results on the 2nd of February

Results for 3th, 4th and 5th of February

Of course due to the current bear market ( I didn’t disable the bot during the downtrend hereby not following my own advice on the matter just so I can keep you updated) I have a lot of positions which are red now. But every time the market goes up something is sold for a profit as you can see. It may just take some more time now and it has reduced my ability to buy certain signals due to lack of funds because of money locked up for the moment. And not all signals are a hit of course. You should not worry too much about red positions, they eventually get sold at profit. Currently Cryptohopper has no automatic averaging down system to get rid of bags, so you have to do that manually for now and merge the orders yourself. That’s a bit of a hassle for now but I’m sure this will be added in the future.

The main problem is that you don’t know if a signal is short-term or long-term so I tend to close them quickly. I might miss out on good returns that way but the trailing stop which is basically a stop that trails the price allows me to catch some great signals or pumps. I only have it kick in at about 4% that means if a price jumps straight to 4% the 1.5% profit taking is disabled and the trailing stop kicks in this stop is at 1.3% of whatever the current price is. If the price drops by 1.3% a sell signal is sent to the trading platform. So in the event, a price moves to 25% or more the trailing stop will follow and only sell if the 1.3% drop happens.

To optimise this bot more the developers should add more features, like price averaging if you get stuck with bags. Or gradual trailing stops whereby the trailing stop % increases with a price increase. You can find some of these suggestions in the forums.

The bot is not the most advanced in terms of configurability but the signalling service in combination with the bot is really nice. And they also share the best working strategies from others (under backtest strategies).

A few warnings & tips

A bot is as good as you are if your settings are bad so will be your bot. You need to constantly fine-tune an update it according to the market conditions.

  1. Turn the bot off when the whole market is going down (cfr. January 2020) (Yes I ignored my own advice, the bot still sells at a profit but also locks up money in coins that go down till the market recovers). So better to turn the bot off during flash crashes.
  2. Don’t use stop losses unless you know what you’re doing. The signal buys to go up and down before they turn a profit so if you have a tight stop loss you’ll get stopped out nearly always, with lots of buying and selling orders you’ll rack up significant losses quickly
  3. Check the forum for tips
  4. Adjust to market conditions, i.e bullish market increase your profit taking %, bearish or stagnant market lower your profit taking or turn the bot off.
  5. Backtest strategies, but remember success in the past doesn’t automatically mean success in the future
  6. For beginners, it’s best to trade pairs with USDT once you’re more familiar with the bot and settings switch to Bitcoin
  7. Learn about technical analysis (https://medium.com/@yeong.crypto/trading-crypto-for-beginners-10659165b44a)

Now to be fair here, although the barrier of entry is low due to easy gui and monthly subscription you might want to avoid recurring costs. If you’re a bit technical and can set up your own bot on your own server or VPN then you might want to look into Gunbot. It’s more expensive but it’s a one-time payment so in the long run, it is cheaper. However to use Gunbot you need some technical expertise on how to set it up on a server of your own. If you can do both I would suggest going for Gunbot as it has some more advanced strategies and more configurability and direct integration with TradingView .

Is the CryptoCurrency trading bot CryptoHopper a scam?

a IpIF d yWUht lg b ZiI y owT q R vvJE a Mk g JWrf i Xfsrz n hZbnj g nEwz VHIZ B H u AnrS l rGZo l vgc , d ktx L xinYI L b C RYm

No it’s not a scam. It’s a decent crypto trading bot with a months free trial, active support + community, and clearly listed subscription prices should you choose to subscribe.

There are also outside signal services that can be added on for a range of prices.

It’s got a relatively simple interface and can be set up by users without much trading experience.

It’s less technical than something like Haas bot and doesn’t require in-depth knowledge of indicators to set up.

I did a free month and will use them again when I get back to trading actively.

BTW- in this case free means free. No credit card.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Brokers, Signals and Strategies
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: