How to set up a Paper Trading bot with the app
This tutorial shows you how to set up a Paper Trading bot with our iOS or Android app and explains the settings you need to fill in.
Prerequisites
Before you begin, check the following:
- You have a Cryptohopper account.
- You have an Explorer, Adventurer, or Hero subscription from Cryptohopper.
- You want to set up the Paper Trading bot through the app. If you want to do it on the website, you can check this article.
Set up a Paper Trading bot
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Click at the top of the app on the name of your bot.
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Click “Add new bot”.
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Select the exchange you want to use by clicking on it.
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Click “Paper trading”.
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Select your quote currency by clicking on it.
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Select if you want to “Follow signals” (a) or create a “Trading bot” (b). a. Choose a Signaller by clicking “Select”.
b. Choose your risk level by clicking on the desired level.
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Now you get an overview. Check if everything is correct. If not go back and change it or click “Start trading”.
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If you want to see all the settings click on the bot you just created.
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Click the settings button in the upper right corner.
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Click “Baseconfig”.
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Click on “Basic settings” and fill in the fields.
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Click on “Exchange” and fill in the fields. Click “Save”.
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Click on “Notifications” and fill in the fields. This tab is optional. Click “Save”.
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Click on “Buy settings” and fill in the fields. Click “Save”.
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Click on “Coins and amounts” and fill in the fields. Click “Save”
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Click on “Strategy” and fill in the fields. Click “Save”.
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Click on “Trailing Stop- Buy” and fill in the fields. This tab is optional. Click “Save”.
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Click on “Sell settings” and fill in the fields. Click “Save”.
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Click on “Sell strategy“ and fill in the fields. Click “Save”.
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Click on “Stop-Loss” and fill in the fields. This tab is optional. Click “Save”.
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Click on “Trailing Stop-Loss” and fill in the fields. This tab is optional. Click “Save”.
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Click on “Auto close” and fill in the fields. This tab is optional. Click “Save”.
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Click on “Shorting settings” and fill in the fields. This tab is optional. Click “Save”.
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Click on “Dollar Cost Averaging” and fill in the fields. This tab is optional. Click “Save”.
Tip: Click on “i” next to the settings to get more information.
