Useful Tech Tips, Tutorials and guides

Passive income with CryptoHopper Crypto Trading Bot

 

This article is a summary of my Cryptohopper experience as a first attempt to use an automated Crypto Trading bot and is a summary of my key learning points.

Important:
I’m not a financial advisor and this is not financial advice. This is only my experience, lessons learned and summary of the notes I have made.

Trading in general is risky don’t play with or risk money you don’t have. Definitely dont risk anyone else’s.

 Requirements for the CryptoHopper Crypto Trading Bot

Account with a supported exchange

  • Binance (Recommended) – Great API a lot of top 50 on CMC
  • Bittrex – API is a bit slow when you have more than 50 coins (Limited coins)
  • Poloniex – Untested
  • GDAX – Untested
  • Kraken – Untested

API is required, API setup is different per exchange so have a look on your exchanges support or setup guide, but it’s normally under Settings or profile setup. API is very powerful so keep it safe and only safe it to CryptoHopper.

While the API wont allow withdrawals it does allow trades.

Active Balance on exchange
With either BTC (Preferred) or Crypto you have selected in your Allowed Coins table

  • CryptoHopper will automatically the balances on your exchange
  • CryptoHopper will never withdraw or transfer your coin.
  • You remain in control of your coin

Account with CryptoHopper.com

  • Bunny Subscription
    Very limited but nice if you stick to Top 10 (1bil+ Market Cap)
  • Hare Subscription
    Recommended – Using top 50 on coinmarketcap.com
  • Free Subscription
    Very limited but nice if you stick to Top 10 on CMC (coinmarketcap.com) (only usable for 30 Days)

My Crypto Day Trading Rules of Thumb

  • Don’t be greedy 5% gain is better than a 100% loss
      • Select your news and information carefully
      • Subscribe to Crypto news sites like https://cryptosrus.com/
      • Take any YouTubers advice with a pinch of salt – They are often just pushing their own agenda’s and trying to pump a coin.
  • Only trade with 50% of your entire BTC holdings
  • Use Signal subscriptions sparingly – Pump and dump insiders often get the calls/signals way before the Subscription and you may end up holding bags for a long time before the turn a profit.
  • Trust the fundamentals – Losses can happen very quickly when you buy, it may take a while to recover
  • Don’t Panic (You only lose when you sell at a loss)
  • If you are consistently achieving sells more than your stop loss increase stop loss by 0.5% a day to maximize gains

 

  • When the market is going Down
    • Focus is to mitigate risk & losses.
    • Trust the charts
    • Think Smart not Emotional
    • Lower Stop Loss to what you are willing to risk
      • I personally set to 5% with cool down enabled for 1 hour.
    • Lower Trailing Stop loss arming percentage and the stop-loss percentage, for example sub 2% (Arming) with 0.1% trailing percentage
    • Enable Cool down 30min to 1 hour

 

  • When the market is going Up
    • Priority is to Maximize profit
    • Increase or Remove Stop Loss
    • Increase Trailing Stop loss arming percentage and the stop loss percentage, for example around 5% (Arming) with 0.2% trailing percentage
    • Disable Cool down

My CryptoHopper Settings as of 26 April 2018

CryptoHopper – Bittrex Exchange – Kangaro Package – 15min Candle
Please note stop loss is disabled and I am only using Trailing Stop Loss at the moment – Market is recovering

My settings change constantly and change based on coin performance, please use as a guideline only, I will publish more as I make changes.

 

Advanced TA Settings

 


CryptoHopper – Binance Exchange – Hare Package – 1 hour Candle
Please note stop loss is disabled and I am only using Trailing Stop Loss at the moment – Market is recovering

My settings change constantly and change based on coin performance, please use as a guideline only, I will publish more as I make changes.

Advanced TA Settings

 

 


My CryptoHopper.com Performance & Currency Selection

Bittrex – Kangaroo Subscription

  • Higher Risk
  • Higher Volume trades

Strategy: Multiple TA (stochastic, stochastic RSI, RSI, Bollinger Bands)
Candle Size: 15 min

Crypto Selected
LTC

Doge

VTC

PPC

RDD

DASH

POT

EMC2

AUR

XMR

DGB

VTR

XRP

XEM

CLAM

OK

ETH

XLM

RADS

DCR

XVG

PIVX

STEEM

LSK

WAVES

ETC

STRAT

REP

ARDR

NEO

ZEC

ZCL

IOP

ARK

TKS

GBYTE

GNT

NXC

WINGS

LUN

SC

BAT

QRL

SNT

DCT

PAY

STORJ

ADX

OMG

CVC

PART

QTUM

BCC

DNT

ADA

MANA

SALT

VIB

POWR

BTG

ENG

ZRX

BCPT

TRX

TUSD

LRC

POLY

 

 

Binance – Hare Subscription

  • Medium Risk
  • Lower Volume trades (Strategic Coins)

Strategy: Multiple TA (stochastic, stochastic RSI, RSI, Bollinger Bands)
Candle Size: 1 Hour

Crypto Selected
ETH

LTC

BNB

NEO

GAS

WTC

KNC

SUB

EOS

POWR

ARK

XRP

VEN

NULS

RDN

XMR

AMB

BAT

POE

QSP

ADA

XLM

WABI

GTO

EDO

LUN

NCASH

POA

WAN