There are 4 different ways on Cryptohopper to create buy orders; Manual buy, Strategy, TradingView, and Signallers. The most important thing to know is that all these options to create buy orders can be used at the same time.

Then, there are the features that can be used on top of buying. With Trailing Stop-Buy (TSB), the coin will first have to reach the price you have selected in the Manual Buy section or receive a buy signal from your strategy before the Hopper will create a TSB order. From here on, the price will be checked constantly before it will create a regular buy order. TSB does not work for signals received by Singallers and will only work for new trades.

Shorting on the other hand, can be used for positions that you already possess. Once a coin you possess has been sold, your base currency will be reserved to be able to buy more of the same coin later on. Another buying feature that is available on Cryptohopper is Dollar Cost Averaging (DCA). DCA can also be used for positions you already possess. What DCA does is that you buy double or triple the amount of the coin that is currently in loss. By buying more of a losing position and merge these positions, you lower the percentage profit needed to breakeven. Keep in mind that you are increasing your exposure to this coin! DCA and Shorting cannot be used together and can be used for Manual Buy, Strategy, and Signallers.


Buy settings

In the buy settings you can dictate how long a position needs to be open and how much positions can be opened

Buy settings

Coins and amounts

In the coins and amounts tab you can customize how much the hopper spends and on what

Coins and amounts

Strategy

In the buy settings you can dictate under which circumstances the hopper needs to sit on your assets and when to buy.

Strategy

Trailing stop buy

Use TSB to trail the downtrend and buy when it shows promise of going up

Trailing stop buy