How to set up a Paper Trading bot

This tutorial shows you how to set up a Paper Trading bot.

Prerequisites

Before you begin, please ensure the following:

• You have a Cryptohopper account.
• You have an Explorer, Adventurer, or Hero subscription from Cryptohopper.
• You understand the difference between Paper Trading and trading with real money. If not, please read this article first.

Set up a Paper Trading bot

1. Click on the "My bots" section in the top left of your menu.
2. Click on "View all."
3. Click on "+ New" in the top right section.
4. Select "Trading bot."
5. Choose the desired template.
6. Click on "Select" for the chosen template.
7. Toggle the "Paper trading" switch.
8. Enable your bot by toggling the switch.
9. Click "Save."
10. A new bot will be created.
11. You will be directed to a screen where you need to deposit a starting balance.
12. Specify the amount you want to deposit.
13. Click "Deposit."
14. Click "Configuration."
15. Click "Baseconfig."
16. Review your settings and make adjustments if necessary.
17. Fill in the fields under "Basic settings."
18. Fill in the fields under "Exchange."
19. Fill in the fields under "Notifications." (Optional)
20. Fill in the fields under "Buy settings."
21. Fill in the fields under "Coins and amounts."
22. Fill in the fields under "Strategy."
23. Fill in the fields under "Trailing Stop-Buy." (Optional)
24. Fill in the fields under "Sell settings."
25. Fill in the fields under "Sell strategy."
26. Fill in the fields under "Stop-Loss." (Optional)
27. Fill in the fields under "Trailing Stop-Loss." (Optional)
28. Fill in the fields under "Auto close." (Optional)
29. Fill in the fields under "Shorting settings." (Optional)
30. Fill in the fields under "Dollar Cost Averaging." (Optional)
31. Click "Save."

Tip: Click on the question marks next to the settings for more information.