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CryptoHopper Alternatives: What's Out There?
Customizing and designing proper trading bots may require coding skills. However, some crypto trading platforms ease the path to work with automated trading systems in the most uncomplicated ways possible for traders of any skill level.
One of them is CryptoHopper, but the most popular alternatives you should consider are:
- Altradyy
- 3Commas
- WunderTrading
- Bitsgap
- Tradingview
- Coinigy
Instead of going into what each platform offers, this article provides a guide on why you should look closely at Altrady to boost your trading bots' customization and achieve more efficient automated trading systems.
Knowing Altrady's Platform: A Close View Into Algorithms
Powered and based on an algorithmic idea, Altrady presents itself as an integrated trading solution with various customizable features that encourage traders to delve into the world of automated trading.
From scanners and signals to fully developed bots, traders who seek to maximize profits while implementing diverse automated strategies will find in this platform outstanding solutions to navigate the crypto market volatility.
For those who like to deal with sideways fluctuations, Grid Bot Trading offers an automated solution to capitalize on upper and lower bounds in a range market. In addition, this bot allows traders to specify take-profit and stop-loss to prevent the bot from continuing work if it moves out of bounds. Moreover, it can trail up and down as the price action moves in either direction.
For more conservative traders, who may not desire to be exposed to typical stressful situations that active trading may implicate, a DCA Bot trading is their more convenient solution. DCA strategy is tailored to average and accumulate various purchases as the price of an asset fluctuates downward. This bot allows traders to customize entry and exit settings as the bot adapts to market conditions dynamically, ensuring optimization over the costs of an investment.
For those trading more actively, such as day traders, the QFL Trading Bot allows traders to seize the market rebounds. This bot also offers a broader implementation powered by custom signals and encourages traders to unlock optimized applications of the DCA strategy based on a Quick Finger Luc approach (QFL).
Altrady's Scanner For Customized Scalping
When the trading objectives shift to seize shorter-term opportunities, scalping strategies take action with the Quick Scanner, an automated tool to scan the market in search of rapidly rising and dropping movements while harnessing Fat Finger trading opportunities.
The Quick Scanner enables traders to set custom rules while it provides seamless flexibility to set the conditions in which it will find markets that match the scalping strategy requirements.
For instance, traders can set up the scanner according to specific exchanges and trading pairs. Likewise, they can define the percentage of rise and drop and fat finger.
In essence, the Quick Scan consists of 3 different conditions:
- Rises percentage.
- Drops pèrcentage.
- Fat finger percentage.
In the documentation, Altrady explains: "Rises and Drops Drops are based on recent lows/highs compared to the last trade, while Fat Fingers are based on the order book, so when the best ask in the Sell OB is far lower than the recent high you get a Fat Finger notification."
Furthermore, this tool can work in different timeframes, from 5, 10, to 15 and 30 minutes. As part of the array of customization options, traders can filter criteria, allowing them to exclude markets to refine their strategy.
Working with Signal Bot, Webhook, and Tradingview
The Signal Bot automatically scans and waits for market price action that triggers signals to open positions according to pre-settled parameters.
Firstly, the bot works under proprietary signals offered by Altrady. However, traders can tweak the bot and set custom signals with webhook support by harnessing market analysis from Tradingview.
The customization of this bot allows operators to open new positions and adjust existing trades based on precise market conditions.
By employing webhooks, two signal operations are available:
- Start/Stop Signals: Control the operational state of a Signal Bot.
- Position Signals: Manage trading positions by creating, modifying, or closing based on the Signal Bot’s analysis.
Furthermore, traders can leverage built-in or custom technical indicators to trigger alerts according to precise trading criteria.
Ultimately, the bot can be settled to use multiple take-profit levels.
Trade Management with Customized-Automated Orders
Automated orders to manage a position after opening a trade are also possible in Altrady. Smart Trading features let traders use stop-loss and take-profit orders and adjust them accordingly to customized criteria.
For those traders who are concerned about position size, Smart Trading features allow them to set the risk percentage and risk-reward ratio automatically.
Stop-loss can be settled between market or limit orders. Moreover, the SL can automatically move with the price during a profitable position by protecting it with the Protection option.
Stop loss Cooldown can avoid getting out of a position when the price moves sharply during "stop hunts" market movements.
The automatic take-profit option allows traders to set up to ten targets, each with a custom amount, enabling them to trail the targets.
Conclusion
Beyond all the alternative crypto trading platforms, one emerges as a should-try choice with appealing features: Altrady. This platform streamlines a trading terminal that encourages traders of all skill levels to engage with automated and customizable bots alongside trade management operations. This platform caters to scalpers, day traders, and investors through the Quick Scanner, QFL Bot, and DCA Bot respectively.
Altrady is a crypto trading platform with multi-exchange integration features where beginners and professional investors manage assets across multiple accounts simultaneously, seizing algorithmic, automation, and bot functionalities. Sign up for a free trial account today.
