This is the last report that I am doing for Cryptohopper platform, and today we shall check the final results together with the profit this bot could produce during its 45 days of running.

Please check my previous post to understand the progress of this experiment better.

Spoiler: I was able to earn around 25% on top of my initial balance, but several last days were extremely bad. The bot is sensitive to market volatility and it can easily burn your balance during the downtrends. But we return to this later, now let’s check the numbers.

This is how my final statement looks like:

As you remember I have started this experiment 2 months ago with 0.1 BTC invested. Right now the total value of all assets located on the account is 0.1239 BTC which makes it ~25% in profit.

The option to buy and sell are closed for now, as the subscription period is over:

There are still a lot of open positions (all in red) and I have two options here:

  • Sell them all right away, which will finalize the experiment with a 0.1239 BTC balance value
  • Give these positions some time to recover and try to sell them later to get more profit

This is how my coins are distributed now:

I will also show you the list of all open positions. Here you can see how much I will lose if sell all the coins right away:

Before we move into the analysis of Cryptohopper bot performance, let me show you some more screenshots.

This one represents the amount of buy and sell orders executed during the testing period. Green for buy orders, red for sell:

This is the BTC value of my account day by day:

As you can see the bot was steadily making profit with some corrections, but several last days the balance has started to decrease rapidly.

Now when all the screenshots are shared, lets deep into the details and my final impression.

What has happened right before the end of this experiment? The price of Bitcoin was corrected from 12k USD to almost 10k. As the price of altcoins is heavily correlated with BTC price, all other coins have dropped in price as well. This is why we see a lot of negative positions on my final list.

If the market was moving in flat or upwards, then the final result of this Cryptohopper testing would be around 40-50% in profit.

Let me share the pros and cons of Cryptohopper trading bot, based on my experience:

Pros:

  • The interface is good, intuitive, and easy to use
  • The stats are great. You can always see the current bot status and check the results
  • The strategy for buy orders is adjustable, so you can balance your risks yourself

Cons:

  • The pre-defined strategy is too tight, this is the reason why I lost several days with no action at the beginning (read more about this here)
  • The stop-loss option is hidden in advanced settings and I think that this is essential to use stop-loss with this bot. Cryptohopper should focus more on explaining that feature.
  • The bot can easily burn your balance on the market downtrend if you not using stop-loss.

Right now I will not close the positions left on the balance, will give them some time to recover, and try to sell coins manually a bit later.

It was interesting to watch how the bot will be performing during the falling market. Due to the volatility of the cryptocurrency market, it is really hard to find a solution that will bring profit despite the market movements. The timing was not in my favor, that’s why the higher profit opportunity was ruined.

Overall experience working with the Cryptohopper bot is positive. The algorithm is doing what you ask it to do. All the features needed for detailed settings are there. Profit volatility is connected to the market nature which is how things are working with crypto, so I cannot complain here.