Cryptohopper Trading Bot: Complete Configuration Guide for Automated Crypto Trading

Setting up a crypto trading bot can feel overwhelming at first, especially when you're staring at dozens of configuration options. But here's the thing: most people overthink it. You don't need expensive templates or complicated setups to start making consistent profits with automated trading.

This guide walks you through configuring Cryptohopper for scalping strategies—targeting small, steady gains of 1-1.5% per trade. The goal is simple: minimize risk, avoid getting stuck with losing positions, and let the bot do the heavy lifting while you sleep.

Why Configuration Matters More Than You Think

Before diving into settings, let's talk about why proper configuration is crucial. Many traders activate their bots with default settings and wonder why they're not seeing results. The reality is that crypto markets move fast, and your bot needs specific instructions to capitalize on opportunities while protecting your capital.

The configuration approach outlined here focuses on scalping—quick trades with modest profit targets. This strategy reduces the chance of holding coins during sudden market downturns, which is exactly what happens when Bitcoin drops and pulls altcoins down with it.

If you're looking for a reliable platform that handles automated trading with precision, 👉 explore Cryptohopper's advanced bot configuration features to see how professional traders set up their accounts.

Core Settings: Getting Your Bot Live

Start by navigating to Config → Baseconfig in your Cryptohopper dashboard. Here's where you'll define how your bot operates.

Name and Activation
Give your bot a memorable name—you might run multiple bots later. Set "Live bot" to ON if you want active trading. If you're still testing waters, you can enable paper trading to simulate trades without risking real money, though serious traders should switch to OFF once they're confident.

Exchange Connection
Select your exchange (most traders use Binance for liquidity) and ensure your API keys are properly connected. For ticker rate settings, always choose "Highest bid/Lower ask" so your orders execute quickly at market rates rather than sitting unfilled.

Buy Settings: How Your Bot Enters Positions

This section determines when and how your bot purchases cryptocurrencies. Every parameter here affects your risk level and potential profits.

Order Execution
Use Limit orders instead of Market orders—this gives you better control over entry prices. Set your percentage bid to 0.175 Lower, meaning your bot places buy orders slightly below current market price. This increases the likelihood of catching brief dips.

Max open time for buy orders should be 5 minutes. If the order doesn't fill in that window, it cancels and moves on. No point chasing coins that are running away from you.

Position Management
Set max open positions to 80 and max percentage per coin to 0.5. This combination ensures your bot only holds one position per coin at a time, preventing the common mistake of buying the same asset multiple times during a downtrend.

Enable cooldown ONLY AFTER SELLS with a 2-hour window. This prevents your bot from immediately rebuying a coin you just sold, giving the market time to establish a new direction.

When you're managing multiple positions across different coins, 👉 Cryptohopper's portfolio management tools help you track performance and adjust strategies in real-time.

Coin Selection and Allocation

Base Currency
Choose USDT as your base currency. Trading against a stablecoin eliminates the volatility risk of using Bitcoin or Ethereum as your base. If you want to accumulate Bitcoin later, you can always convert profits after trades close.

Allowed Coins
Your subscription level determines how many coins you can trade simultaneously. For optimal diversification without spreading yourself too thin, focus on established coins with good liquidity: BNB, LTC, ADA, LINK, ATOM, SOL, UNI, and similar mid-to-large cap assets.

Position Sizing
Set percentage buy amount to 1.2, allocating 1.2% of your total capital per trade. Keep minimum order amount at 12 USDT to stay comfortably above exchange minimums. With these settings, you can theoretically run dozens of positions simultaneously without exhausting your capital.

For strategy selection, start with "Multiple TA factors" and set number of targets to buy at 10. This allows your bot to pursue multiple opportunities based on technical analysis signals.

Sell Settings: Locking In Profits

The sell configuration is where your profit targets and risk management come together. Get this wrong, and your bot might sell too early or hold positions too long.

Take Profit
Set take profit at 4.4%, meaning when a position reaches 4.4% gain, your bot places a sell order. Use Limit orders here too, with max open time of 5 minutes and percentage ask of 0.05 Higher to place orders slightly above market price.

Strategy vs Percentage
Turn OFF "Sell based on strategy"—you want to sell when you hit profit targets, not when technical indicators say something that might result in losses. Enable "Hold asset when new target is the same" so your bot won't sell a position if the strategy immediately signals another buy.

Disable standard stop-loss. You'll use trailing stop-loss instead, which is far more effective for capturing profits during volatile moves.

Trailing Stop-Loss: Your Profit Protection

This is the most important risk management tool in your configuration. Trailing stop-loss allows profits to run while protecting against sudden reversals.

Enable trailing stop-loss with these settings: 0.5% trailing percentage and 1.5% arm level. Here's how it works—once a position gains 1.5%, the trailing stop activates. If the price then drops 0.5% from its peak, your bot sells immediately.

This means your minimum profit is 1% (1.5% arm minus 0.5% trail). But if a coin pumps to 10% gain and then reverses, you'll still capture 9.5% profit rather than watching it evaporate.

Set "Use trailing stop-loss only" to ON and "Only sell with profit" to ON. These settings ensure you never take losses on positions, though they might remain open longer during downtrends.

Dollar Cost Averaging: Your Safety Net

DCA is your contingency plan for when markets move against you. When a position drops 6% below your entry and has been open for at least 3 hours, your bot will place another buy order at double the original size.

This averaging-down approach reduces your breakeven point. If you bought at $100 and the price drops to $94, buying double at $94 means your average cost is around $96. Now you only need the price to recover to $96 (plus your profit target) rather than waiting for it to climb back to $100.

Set DCA max retries to 4, meaning your bot can average down up to four times on a single position. Set DCA percentage trigger to 6% and order size to "Double Down." Disable "DCA buy immediately" so the bot only averages after sufficient time has passed.

Final Checks Before Going Live

Review your configuration one more time. Confirm shorting settings are disabled unless you specifically want to short sell. Verify auto-close is disabled. Double-check that your API keys have trading permissions but not withdrawal permissions.

Start with a small capital allocation—maybe 10-20% of what you eventually want to trade. Monitor the bot closely for the first few days. Watch how it enters and exits positions, and adjust settings if needed based on actual performance rather than theory.

Automated trading removes emotion from the equation, but it requires proper setup. These configuration settings represent a conservative scalping approach that prioritizes capital preservation while capturing consistent small gains. The profits compound over time, especially when you're not making impulsive manual trades based on fear or greed.

Ready to start? Make sure your exchange account is funded, your bot is configured correctly, and you understand each setting's purpose. The markets don't sleep, and neither does your bot—so give it the right instructions, and it'll work for you around the clock.