The Portfolio Bot of Cryptohopper is an easy-to-use trading bot, perfect for long-term cryptocurrency investors and beginners in automated crypto trading. But what can you do on the Portfolio Dashboard? Let's explore all the features of the Portfolio Dashboard!
Features of the Portfolio Dashboard:
Assets Chart
The Assets Chart displays the total value of your cryptocurrency holdings converted to your quote currency (USD) or your average profits. It allows you to track the performance of your Portfolio Bot daily, weekly, or monthly. Note that average profits may vary due to different "Rebuy positions" strategies, such as "Rebuy if the buy/sell difference is not possible," "Rebuy always," and "Only buy/sell the difference." On the first day of using the Portfolio Bot, only your starting balance will be shown.
Activity
Under the Activity section, you can see the current action being executed, the last action performed, and when the next checks will be done to calculate your total balance of all crypto assets.
Subscriptions
You can create as many Portfolio Bots as you want with a single Explorer, Adventurer, or Hero subscription in your Cryptohopper account. This applies to all crypto exchanges that Cryptohopper supports, including Binance, Bitvavo and Coinbase.
Current Portfolio
The Current Portfolio displays the percentages of all your open positions, the amount of invested money in your quote currency at the time of purchase, the average result of all your positions based on quantity and percentages, the average age of the positions, and the total number of positions.
Bot Enabled
If the toggle is red, your Portfolio Bot is off. If it's green, your Portfolio Bot is on. When your Portfolio Bot is off, no information can be retrieved from your crypto exchange. This means the profit or loss percentages may be inaccurate. Allow the Portfolio Bot some time to update the balances and profit percentages when turned back on.
Rebalance
Clicking the Rebalance button will rebalance your crypto portfolio based on your configuration settings. Positions will be (partially) sold and/or bought to match the portfolio settings in your Config.
Panic Button
The Panic Button allows you to sell all your Portfolio Bot positions at once using Limit or Market orders, and no new positions will be opened. After the panic sell is completed, your Portfolio Bot will be turned off. Note that with Limit orders, not all positions may be sold. You can check this on your crypto exchange. Using Market orders on illiquid (low trading volume) pairs may result in unexpected losses.
Open Positions
Here, you can view all your open positions, including the cryptocurrencies you hold, the amount, purchase cost, result, age, and a sell button if you want to close a position before the next portfolio rebalance. Clicking the info button provides additional details like the open position ID, buy order ID, the absolute profit or loss in your quote currency, and more.
Open Orders
This section shows your currently open orders on your crypto exchange, including the order rate. You can cancel or remove orders here. Note that deleting an order may still leave it open on your crypto exchange.
Latest 5 Trades
Displays your last five trades. To see the full trade history, click on Trade history at the top of the Portfolio Bot Dashboard.
Current Assets
The Current Assets section shows all the cryptocurrencies you hold on your crypto exchange. If you have manually opened positions on your crypto exchange, you can synchronize these at the current rate, manually enter a rate, or let the Portfolio Bot automatically synchronize the positions.
Portfolio Bot Output
This section shows the actions your Portfolio Bot is performing, any issues it encounters, and explanations for why certain actions can't be executed, such as incorrect API Key or Fast Connect settings preventing connection to your crypto exchange.
System Messages
Here, you can see updates from Cryptohopper, including promotions and other important announcements.
By understanding and utilizing these features, you can effectively manage and optimize your cryptocurrency investments with Cryptohopper's Portfolio Bot.