Updates and new features for Cryptohopper trading bot

A short update to discuss some of the new features & improvements. The biggest improvements have been the addition of shorting which was already available under beta but is now made available for all and a new configuration interface.

Another new addition that was available a bit longer but slipped under the radar somehow is the new trigger feature that allows you to set triggers that switch templates. So you could track for example BTC/USDT and based on the market conditions switch the template from a bullish one to a more bearish one for example.

Since I have discussed shorting in a previous article Iโ€™ll just cover the changes to the configuration interface in this article.

The configuration part has become a lot easier and Iโ€™ll show you why.

Config Pools, Signals, Triggers and Base-config can still be found under Config but no longer as tabs but accessible under a submenu.

Under Base-config everything is grouped now which makes it a lot easier to locate the settings you want to change before you had to scan through the entire list.

If you havenโ€™t set your bot to advanced this is what you get to see.

GENERAL

BUYING

  • Coins and amounts: Main difference here is the slider which makes it a lot easier to actually set the percentage by showing you the estimated (absolute) value next to it.
  • Strategy: 5 preset strategies are available now which makes it easy to get started for people less familiar with technical analysis

SELLING

Sell settings: same as before

you have set your config to advanced

GENERAL

BUYING

  • Buy settings: Also here you have 2 sliders that help you pick the amounts by displaying (in blue) the absolute numbers. I canโ€™t stress enough how much more intuitive this is.
  • Coins and amounts: You can now see the estimated amount that will be bought with this intuitive slider

SELLING

  • Sell settings: same as before
  • Sell strategy: same as before
  • Stop-loss: same as before
  • Trailing stop-loss: same as before
  • Auto close: same as before
  • Shorting settings: This is a complete new addition, it contains mostly the same features you have from going long on a trade but now all grouped under โ€œShorting settingsโ€. Going short instead of selling does have some benefits it allows you to keep some sort of bookmark on a trade while youโ€™re no longer exposed to price dropping. At anytime you can close your short (or remove it) thereby buying your same position again later at a lower cost without having to manually keep track of how this coin is doing. The settings also allow your bot to do it according to your strategy, a fixed percentage or by trailing similar to how youโ€™d set it for going long.

APPS

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.

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