Cryptohopper offers various types of automated trading bots, each designed for specific trading strategies and objectives. This guide explains the key features and purposes of each trading bot type.
Trading Bot with trading Signals
Trading bots with trading signals execute trades based on external trading signals:
Automates trades based on received trading signals. You set up your bot and add a third-party trading signal.
Ideal for traders who want to leverage expert trading insights
For a guide on how to set this up click here
These bots mirror the trading activities of experienced traders:
Fully automated copying of another trader's positions
The easiest bot to start with if you're new to crypto trading and want to learn for experienced traders
For a guide on how to set up a Copy bot click here
Regular Trading Bots
Custom bots allow you to implement your own trading strategies:
Execute trades based on your predefined conditions
For a guide on how to set up this bot click here
Portfolio Bots
Portfolio bots help manage your cryptocurrency investments:
Maintain balanced cryptocurrency portfolios
For a guide on how to set up a Portfolio bot click here
Market Making Bots
These bots contribute to market liquidity:
Place simultaneous buy and sell orders
Help reduce the spread between buy and sell prices
Improve overall market efficiency
For a guide on how to set up this bot click here
Arbitrage Bots
Arbitrage bots capitalize on price differences across exchanges:
Monitor multiple exchanges simultaneously
Buy low on one exchange and sell high on another
Profit from price discrepancies
This bot is only recommended for experienced traders
For a guide on how to set this up click here
Each bot type serves a specific trading strategy and can be selected based on your trading goals, experience level, and preferred level of involvement in trading decisions. Choose the bot type that best aligns with your trading objectives and expertise.