Paper trading allows you to trade using real life exchange data using fabricated crypto. This way you can experience the platform without taking risk. Next to every paid subscription, you can use one paper trade hopper for free. Now it is possible to use multiple paper trade hoppers on the same exchange as we have introduced ‘’accounts’’ for paper trading!

Step 1: Starting Papertrading from scratch

Selecting papertrading in the New User Wizard:
If you’re just starting with Cryptohopper and do not yet have an exchange account, papertrading allows you to experience the platform without needing to register for one. Papertrading is also useful for those of you who do have an exchange account, but would rather see how Cryptohopper works before linking yours. Just hit the papertrading switch at the top to get started.

Papertrading when you are already on Cryptohopper
If you’re already on Cryptohopper, but want to try papertrading, Just head over to Config → Baseconfig → Exchange and select It there.

Exchange settings

Step 2: Importing “play crypto”

When paper trading, you’ll see a sudden tab under your invested tab on the dashboard: Paper Trading. if you click “Deposit” You’ll be able to select how much play crypto you want to trade with. You can select any currency you want and see how your hopper would interact with it. This tab also shows you on which exchange you’re trading and which paper trade account you are using for this hopper template.

Stats Dashboard

The "account’’ could be seen as one of your exchange accounts for paper trading, you can easily assign another account to your paper trade hopper and let it run with other funds. You can always click on ‘’Manage accounts’’ in the Base Config under ‘’Exchange’’ to select another paper trade exchange account.

Step 3: Make sure that your config is set up

Remember, papertrading is just like regular trading. That means, to start trading you need to make sure that everything else is set up. Set your own strategy or try a template. Use papertading as a testing lab for all your cryptohopper strategies.



Hopper specifications

Your Papertrading hopper doesn't need an API key to connect to the exchange of choice, because of this the coins will always be instantly traded. So you cannot base the paper trading stats on the real-life supply and demand of the exchange. However, it can be used to test your strategies

The hopper stats are as follows:

  • Interval Time : 10 minutes interval TA search
  • Allowed coins : 75
  • Max open positions: 80
  • Allowed triggers : 2
  • All coins for signals : Not allowed

How to get additional paper trading hoppers

Every regular hopper subscription gives you one additional paper trading subscription. Meaning that with the Trial you can have one regular hopper and one paper trading. Any subscription after gives you an additional real hopper and a paper trading hopper. It is also possible to buy more paper trade hoppers by clicking on "Add account'' while in your ''Manage accounts'' tab. 

FAQ about paper trading

Do I need to attach a subscription to my paper trading hopper?
No, you do not need to attach a sub to the paper trading hopper. But it is important to make sure the hopper is enabled.

How do I deposit funds in my paper trading hopper?
In order to start trading, make sure to deposit funds in your chosen base-currency. When going to your dashboard, you will be prompted to deposit funds.

Can I use multiple paper trading hoppers per exchange?
No, only one paper trading hopper per exchange is allowed.

Are the results similar to trading with real funds?

No, keep in mind that a paper trade hopper is not relying on the supply and demand but looks at the price of the coins. Also, trading fees are not included in paper trading. 

Can I use arbitrage on a paper trade hopper?

No, this is not possible on paper trade hoppers. 


If you have any questions, feel free to reach out to us.