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Click “Machina Wizard”. This will take you to the following screen.
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Please note, for now we will cover “Paper Trading” only. Setting up the API to send signals to your chosen CEX will follow in a separate chapter.
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Silver subscriptions allow for a maximum of 3 Machinas to run at any one time. As such, it is important that you label your Machinas in a way that makes sense to you, Do remember. If you find a strategy that works well, you could find a passive income source by selling it or renting it on the Strategy and Widgets marketplace.
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Select your CEX of choice. Please heed the header warning, for now.
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Paper Trading means, that one is testing their strategy without making trades. For the purposes of this learning exercise, we will keep this checked. Click “Next” in the top Right.
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The existing trader has many pre-set trading strategies, for free. We will focus on the pre-sets, on which one can toggle the parameters to find the best settings to maximise potential returns. Click “Next”.
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As you will see, all the major strategies used, across the trading world, be it stocks and shares, commodities, crypto etc are present. If you are new to trading, we would encourage you to “DYOR” (look that up if you don’t know what it means). Always remember our vibrant and growing support and social communities on Discord, and the the MachinaTrader social platform. Questions and constructive comments are always welcome. Select your chosen strategy, and click next.
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Above you will see the configuration set up screen. Please see the TAlib indicators for an explanation the configuration functions.
Then click ¨Create Machina¨
