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Is automated trading difficult?

Discover automated trading effortlessly. Explore different methods and consider starting with Paper Trading for practice.

Pete Darby avatar
Written by Pete Darby
Updated over 2 weeks ago

Automated trading can be as easy or as difficult as you make it. Explore the different options and decide how you want to trade automatically. Also, consider to trade with simulated funds first by using Paper Trading.

Completely Hands-Off

Are you new to automated trading? The easiest option for automated trading is to use Copy Bots. In 3 simple steps, you can automatically follow a professional trader. Copy Bots are separate subscriptions, and the subscription costs vary per Copy Bot available in the Marketplace.

Buy Manually, Sell Automatically

Do you want to have more control? Learn more about how to place manual orders on your crypto exchange via Cryptohopper's Advanced Dashboard. Specify the selling settings in the order you place or automatically use the sell settings from the Base config of your trading bot.

Trade via Trading Signals, Sell Automatically

Don't know when the right moments are to open a position? Learn how to use trading signals. Always check if the signaler you selected sends trading signals to your selected cryptocurrencies, quote currency, and crypto exchange.

Trade with a Trading Strategy

Do you want to download a trading strategy or create a trading strategy based on technical indicators? Learn how to use the Cryptohopper Marketplace to download strategies or how to create a trading strategy yourself.

Trade with TradingView Alerts

Overview of TradingView and Cryptohopper Integration

TradingView is a widely-used platform that allows users to create and monitor technical indicators for trading. When integrated with Cryptohopper, users can set up TradingView alerts that trigger buy or sell commands on Cryptohopper, automating their trading strategies. This can streamline the trading process, making it particularly beneficial for those relying on custom indicators or trading on supported exchanges.

Step-by-Step Guide to Setting Up TradingView Alerts

  1. Create or select a strategy in TradingView: Design a trading strategy or select an existing one that suits your trading goals.

  2. Create an alert in TradingView: Generate webhook alerts to notify Cryptohopper when to buy or sell. Use the following documentation as a reference: How to Set Up a TradingView Alert.

  3. Configure webhook details in TradingView:

    • Find and copy the Cryptohopper Webhook URL from your Cryptohopper account.

    • Paste the webhook URL into the TradingView alert settings.

  4. Test the setup: Verify that the alerts from TradingView communicate correctly with your Cryptohopper configuration and execute trades as expected.

Common Issues and Troubleshooting Tips

If the integration doesn't work as expected, consider these troubleshooting steps:

  • Double-check alert configuration: Confirm that TradingView alerts follow the required setup.

  • Verify webhook details: Ensure the webhook URL entered in TradingView matches the one provided by Cryptohopper.

  • Consult the troubleshooting guide: If the issues persist, refer to this resource: Why is My TradingView Alert Not Working?.

Additional Resources

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