Cryptocurrency trading bot is an application that quickly examines data within the crypto trading market. The selection of the best crypto trading bots depends on the security it offers since there is accessibility to the individual funds, which is very risky. Transparent trading bots from popular developers enhance the creation of trust due to the easy verification of its historical records about its performance before committing. The interface of the bots should be easy to use to save time for the trader and reliable to minimize the risks of loss.
Cryptohopper is the best trading bot since it applies cloud technology that facilitates its operations throughout, unlike other bots that run during specific periods. The users can, therefore, make trade orders at any time to avoid missing profitable opportunities.
Cryptohopper is unique from other trading bots since it facilitates the exchange of external trading signals from the crypto trading market professionals. The trading signals on the crypto market provide information about past progress and allows easy creation of a new hopper.
The ability to operate the bot on autopilot due to its combination with an external trading signaler makes it easy to use by everybody, and hence it is flexible. Therefore, the bot favors new traders who display challenges when setting the trading signals. Seasoned users can also set the trading alerts according to their preferences due to the ease of usage.
There are several tools, such as templates that facilitate the quick configuration of a new setting for the bot and the technical analysis feature that promotes customization of the parameters. The trailing stops maximizes the chances of making profits even when the price movements are against the market. It has a trading dashboard and an in-built back-tester that facilitates useful and accurate predictions for the trading patterns by using past information as a benchmark to analyze the trading strategies.
The crypto trading bot provides a free trial and a subscription scheme that allows users to engage in the trading operations with an affordable payment plan. There is a division of the pricing levels into three tiers with the basic plan starting from $19 to $99 every month. Each upgraded level facilitates the management of more open positions by the crypto trading bot.
The upgrade also provides an opportunity for the user to apply the bot on the leading exchanges such as Coinbase, Kucoin, Binance, Kraken, Bittrex, and Bitfinex since they are compatible. Usage of the popular exchanges thus allows the crypto trading bot to possess adequate tiers of liquidity to attain its objectives throughout the day. Cryptohopper bot supports trading various digital currencies such as Bitcoin, Litecoin, and Ethereum.
Cryptohopper trading bot ensures automatic implementation of the programmed trading strategies, thus saving the user time spent while monitoring the market. The automated trading bot reduces the possibility of making losses due to emotional variations during trading. It is programmed to adhere to the user instructions and, therefore, the occurrence of any cryptocurrency trading commotions does not have a significant impact on its operations.