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Setting up Template and Strategy

1 Baseconfig

Here you find an Overview over the cryptohopper settings. At the beginning Cryptohopper can be a bit overwhelming. Cause of this we show here a step by step guide to set up your hopper for all smartgrow strategies. Of cause you can adjust any of these settings to your preferences.
If you have problems or additional questions then visit our discord server for further help.

1.1 Basic Settings

The first step in setting up your hopper is to visit the Baseconfig menu. You find it in the menu bar on the left under config.
In the basic settings you can give your bot a name and activate the Live bot setting. Without this setting your bot isnt allowed to buy and sell.

1.2 Set Exchange

In this step you connect your wallet to Cryptohopper or set up an paper trading wallet for your exchange to try out different strategies. Before you start training you should inform yourself about the specific fees of your exchange. Maybe switching to another exchange would massivly improve your trading performance.  
  1. Go into Dashboard > Config > Baseconfig > “Exchange”

  2. Select your exchange and enter the API keys. [Cryptohopper Tutorial Here] or Load your API keys from an existing hopper (useful if you want to use multiple strategies for one hopper)

  3. Click “Save” at the top before moving onto next step.

1.3 Set Buy Settings

In the buy settings you define all settings about risk management. For example how many positions per coin are allowed to be entered and if there is a buying cooldown or not. Risk Management is an important step into becoming a successful trader. You should learn how your strategys behalfe and adjust these settings based on the performance.  
  1. Go into Dashboard > Config > Baseconfig > “Buy Settings”

  2. Set the config like shown in the underlying picture or adjust it like preferred

  3. Click “Save” at the top before moving onto next step.

1.4 Set Coins and Amounts

In the next step you are defining you base currency and all your settings about money management. Cause of fluctuations in the cryptomarket i would suggest to use a stable coin like USDT as Base Currency, but of cause you are free to change.  
Under allowed coins you have to choose all the coins you allow your hopper to trade. To find the best performing coins for your strategy you should backtest all you strategys for the specific coins and choose the best performing.  Medium to Low Cap Coins work far better when using our strategies, so pick your coins wisely. We allready have done this step for you and fine selected all coins. Simply pick our template in the marketplace and implement it. We update this template if necessary to grant you the best results.

In Percentage buy amount you should choose a value between 1-4 oercent per trade. The more diversified your trades, the better you can survive unexpected events in the crypto market. You should define “Minimum USDT amount per order” to 26 Dollar or more. Depending on the exchange a minimum buy amount needs to be filled.

  1. Go into Dashboard > Config > Baseconfig > “Coins and amounts”
  2. Set the desired base currency from the dropdown
  3. Click the blue “Change” button. NOT the “Save” button
  4. Adjust the other settings like shown in the underlying picture or adjust it like preferred
  5. Click  “Save” at the top before moving onto next step

1.5 Set Strategy

Under the strategy tab you define your trading strategy. If you want to use our “Daily Win” free strategy you can set it up here.  
If you have an hero subscription you can Set Up your AI here. If you want to use an AI then look up our AI guide unter the following link:  
  1. Go into Dashboard > Config > Baseconfig > “Strategy”

  2. Choose your Strategy

  3. Click “Save” at the top before moving onto next step.

1.6 Set Trailing stop-buy

Simply leave this option disabled. Cause we want to trust our strategys and go directly into the market.  

1.7 Set Sell Settings

This is one of the major settings you need to set up in your hopper.  
It essentially determines your trading success and should therefore be set carefully. Under the Sell Settings you set the Take Profit in percent. The amount of take profit determines your risk that a trade will turn negative and the duration of the coin. Therefore, the take profit should be tailored to the strategies you use and should never be selected arbitrarily. Many strategies are simply unable to make a 5% profit.
We at Smartgrow Trading rely on fast and low-risk scalp trades and thus set a relatively low profit of 1.2%. If your fees are too high, you have to set the take profit higher, which we cannot recommend.
  1. Go into Dashboard > Config > Baseconfig > “Sell settings”
  2. Set Take Profit to “1.2%”
  3. Set Order Type to “Market”
  4. Set Max open time sell to “5”
  5. Click “Save” at the top before moving onto next step.

1.8 Set Sell Strategy

Simply leave this option disabled.  We didnt implemented sell signals in our strategys because selling with a strategy can cause a massive loss. Use manual selling or DCA instead.  

1.9 Set Stop-loss

Simply leave this option disabled.  If a trade goes wrong it is better to go out on the trade by manual sell or using DCA. Caused by the Bitcoin Supertrend and large fluctuations in the crypto market a trade can recover faster then expected. You should learn technical analysis to master this section and not blindly trade in this one.  

1.10 Set Trailing Stop-loss

Simply leave this option disabled.  Sometimes you would get more out of a trade and sometimes less.  
If you want to use trailing stop-loss than set the “take profit” of config step “1.7” to “5%” and follow the steps underneath.  
  1. Go into Dashboard > Config > Baseconfig > “Trailing stop-loss”
  2. Adjust the other settings like shown in the underlying picture or adjust it like preferred
  3. Click “Save” at the top before moving onto next step.

1.11 Set Auto close

Simply leave this option disabled.  If a trade goes wrong it is better to go out on the trade by manual sell or using DCA. You should learn technical analysis to master this section and not blindly trade in this one.

1.12 Set Shorting settings

Simply leave this option disabled.  Any of our strategies are suitable for shorting.

1.12 Set Dollar Cost Averaging

Simply leave this option disabled.  If a trade goes wrong it is better to go out on the trade by manual sell or using manual DCA for example of split positions. You should learn technical analysis to master this section and not blindly trade in this one. If you want to trigger your DCA setting automaticly then follow the guide under: Cryptohopper DCA Guide

2 Template

Cryptohopper allows to load a preconfigured hopper template. Loading a template will override all your existing hopper settingssignalsconfig pools and triggers with the configuration of the template. Your personal settings like exchange, API keys and base currency stays unchanged.  

With our free template, you will get a fully configured hopper ready to start making daily profits.

Important: Dont forget to turn on auto update after purchasing our free template or any strategy on the marketplace. If your auto update period vanishes then just contact me and i provide you with newsletter updates with the coins of the week or do manual update on the item site on the marketplace.

2.1 Load the Template

After you brought the template out of the marketplace for free, you have two ways to load a template.

  1. Go into Dashboard > Template > Market templates > Load
  2. Go into Dashboard > Config > Baseconfig
    1. Click the “Actions” button in the top right corner of your screen and select “Load template”

2.2 Check the Config

When you are done, I recommend you to go through the settings again and see if there are any deviations from any of the previous steps in this guide.
If everything looks good, you are ready to activate your hopper in the dashboard. Please do not forget that the installed system should not be operated blindly if you want to achieve maximum profits from it. Therefore, you can find out more information and strategies on the other tutorial pages.

 The entire Smartgrow-Trading team wishes you maximum success and would be delighted to welcome you to the community.