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How to set rebalance intervals for your crypto Portfolio Bot?
How to set rebalance intervals for your crypto Portfolio Bot?

Set rebalance intervals for your Cryptohopper Portfolio Bot to automate crypto investments efficiently. Optimize your strategy!

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

Determine how often your crypto Portfolio Bot should automatically rebalance your cryptocurrency investments. Additionally, you can choose how buying and selling should be handled by your Portfolio Bot. Learn how to configure the rebalancing settings of your Portfolio Bot here.

Portfolio Bot rebalance interval

In the Portfolio Bot config under "Basic settings," you will find the "Rebalance interval" option. This allows you to decide how frequently your crypto portfolio should be rebalanced. The available options are: Minutes, Hours, Days, Weeks, and Months.

You can also rebalance when a position gains or loses a larger percentage than what you've set with the 'Rebalance on percentage change' function.

Cryptohopper Portfolio Bot rebalancing configuration showing interval settings, percentage change triggers, and rebuy position options for automated cryptocurrency portfolio management on Coinbase

Before we explain the three different options for automated rebalancing of your crypto Portfolio Bot, it's important to understand a key process. Your percentage profit is saved at every portfolio rebalance. This serves two purposes:

1. It helps keep track of the 'Rebalance on percentage change' setting.

2. It ensures that when your configured 'Rebalance on percentage change' percentage is reached, the system can properly execute automatic buying and selling based on your Portfolio Bot settings.

This process is crucial for maintaining the effectiveness of your automated rebalancing strategy.

What are the three different methods for automatic buying and selling during the rebalance interval? Read on:

Rebuy, if buy/sell difference is not possible

With this setting, your Portfolio Bot will always attempt to sell only the difference or sell from the percentage set for a specific cryptocurrency.

Example 1: If you have a $1 profit on your Bitcoin (BTC) position in your Binance Portfolio Bot, but Binance's minimum trade amount is $5, the entire Bitcoin position will be sold. A new buy order for Bitcoin will be opened based on the percentage you set under "Coins and amounts" in the Config.

Example 2: If you have a $15 profit on a Bitcoin position in the same Binance Portfolio Bot, only a sell order for the $15 will be placed. The rest of the Bitcoin position will remain.

Always rebuy

With this setting, your Portfolio Bot will always sell all cryptocurrencies completely, regardless of minimal profits or losses.

Example: If you have open positions for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Polkadot (DOT) in your Kraken Portfolio Bot, with 2 positions having a $1 profit and 2 positions having a $10 profit, all positions will be sold and repurchased, regardless of Kraken's minimum trade amounts.

  • This option is recommended for trading with smaller amounts.

  • Be aware that this setting results in higher trading fees on the crypto exchange you use.

Only buy/sell the difference

With this setting, your Portfolio Bot will only buy and sell when it is feasible at the time of the portfolio rebalance interval.

Example: If you have a Chainlink (LINK) position in your Bitvavo Portfolio Bot with a €1 profit, but Bitvavo's minimum trade amount is €5, the position will remain unchanged. No LINK will be traded.

  • This option can result in very few trades if you are trading with small amounts or have selected a large number of cryptocurrencies in your Portfolio Bot.

  • This setting helps minimize trading fee costs on your crypto exchange.

By choosing the appropriate rebalance interval and buying/selling method, you can optimize the performance and efficiency of your Portfolio Bot, making it a powerful tool for automated cryptocurrency investment.

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