Why its the ideal time for automated trading
What is automated trading and how much does it cost
Why I’m doing this
How much I’ve made and why I set the site up
Why it works and the tools you need to make it work
How much you could make (calculator)
How I make money
How does it work?
I use two key systems to run my trading bot. The first thing you’ll need is some money in an exchange like Binance (I’ll tell you why Binance is my preferred exchange later). I recommend starting with at least $1500 USD.
Secondly you’ll need to sign up for an account with Cryptohopper, and you’ll need to subscribe to some specific signals and strategies that provide your bot with the logic to know when to buy.
The strategy and signals I subscribe to tell Cryptohopper when to open a trade on your exchange to buy in on a specific altcoin and some manual setting I’ve added in myself to Cryptohopper tell the exchange when to sell. The signals look for dips or changes in the market which send a signal to buy at the bottom and my aim is to sell as close to the top as possible to get maximum gains.
In some cases the algorithm will detect positive movement and catch a pump without there being an initial drop first like this:
An account with between $1500 to $5000 USD I would allow each trade to use approximately 12% of my total capital which means I would have up to 8 open trades at any one time. This is a great way to mitigate some risk and keep my bot trading. Some trades will take longer to get out of and you don’t want to miss out on other trades whilst this is happening, for this reason you don’t want to put all of your capital into one trade. I like to break it up a little. My aim is to make 2% profit per trade and 1% a day overall. So I need 4 successful trades per day at 2% in order to achieve my 1% a day goal. That might not sound like much but when you add that up over a year its a lot of money.
For example a $5000USD investment would turn in to $******* over 365 day based on 1% a day gains.
I’ve added a crypto interest calculator below for your use:
[insert crypto calculator]
How much does it cost
Aside from your initial investment there are 3 plans you can choose from.
- Explorer ($19USD per month),
- Adventure ($49USD per month)
- Hero ($99 per month)
I recommend starting with the Adventure hopper. This will give you access to trade with 50 altcoins and is good enough to trade with for accounts between $1500USD and $5000USD. Anything over $5000USD I would use the Hero subscription. BTW they also have a 7 day free trial just so you can get a taste of things.
In additions to this you’ll need to subscribe to the following:
- CryptoSet Dump Sniper Pro Strategy ($75USD 3 month – $25 per month)
- Knife Catcher Pro Signal ($14.95USD per month)
- Technical Analysis Signal ($14.95USD per month) (I’ll take you through how to do this later).
Assuming you have the Adventure Hopper and the above strategies/signals that’s going to cost you $104 per month, so I want to ensure I am making at least that back each month but ultimately aim to double my assets every 10 weeks.
So heard and enough and ready to get started? OK, lets go.