How to set up a virtual trading robot with the Crypto Hopper app
This guide shows how to set up a Paper Trading bot with the Cryptohopper app for iOS or Android and explains the settings that need to be filled out.
Prerequisites
Before you begin, make sure of the following:
- You have an account on Cryptohopper .
- 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 out this article.
Setting up a Paper Trading Bot
-
Click on your bot’s name at the top of the app.
-
Click “Add new bot”.
-
Select the exchange you want to use by clicking on it.
-
Click on “Paper trading”.
-
Select your quote currency by clicking on it.
-
Choose whether you want to “Follow Signals” (A) or create a “Trading Bot” (B). A. Select Signaller by clicking “Select”.
B. Choose your risk level by clicking on the desired level.
-
You will now get a general view. Check if everything is correct. If not, go back and change it or click “Start Trading”.
-
If you want to see all the settings, click on the bot you just created.
-
Click the settings button in the upper right corner.
-
Click on “Baseconfig”.
-
Click on “Basic Settings” and fill in the fields.
-
Click on “Stock Exchange” and fill in the fields. Click on “Save”.
-
Click “Alerts” and fill in the fields. This tab is optional. Click “Save.”
-
Click “Purchase Settings” and fill in the fields. Click “Save.”
-
Click on “Currencies and Amounts” and fill in the fields. Click on “Save”.
-
Click on “Strategy” and fill in the fields. Click on “Save”.
-
Click on “Trailing Stop- Buy” and fill in the fields. This tab is optional. Click on “Save”.
-
Click on “Sales Settings” and fill in the fields. Click on “Save”.
-
Click on “Sales Strategy” and fill in the fields. Click on “Save”.
-
Click on “Stop-Loss” and fill in the fields. This tab is optional. Click on “Save”.
-
Click on “Trailing Stop-Loss” and fill in the fields. This tab is optional. Click on “Save”.
-
Click “Auto Close” and fill in the fields. This tab is optional. Click “Save.”
-
Click on “Shortcut Settings” and fill in the fields. This tab is optional. Click on “Save”.
-
Click on “Dollar Cost Averaging” and fill in the fields. This tab is optional. Click “Save.”
Tip: Click the “i” next to the settings for more information.