Create your first Freqtrade bot

Create the first bot only after an exchange connection passes verification. For an initial setup, use paper mode and a small set of liquid trading pairs so the configuration is easy to review.

Configure the bot

Open Bots, choose Create bot, and provide a clear name. Select the connected exchange and choose Paper or Dry run as the trading mode.

Then review the settings that determine how the strategy may trade:

• a maintained strategy preset;
• the stake currency and trading pairs;
• the amount allocated to each trade;
• the maximum number of open trades;
• supported stop-loss and other risk parameters.

Use values that you understand. A preset supplies trading logic, but it does not decide how much risk is appropriate for you.

Start and observe

Save the bot and review the summary before starting it. Once running, the dashboard shows its state, simulated open trades, history, logs, balances, and profit-and-loss data.

Do not judge a strategy from one trade or a short market window. Check whether the bot behaves as configured across different conditions. Review trade frequency, drawdown, fees assumed by the simulation, and any errors or restarts.

Change one thing at a time

Stop the bot before making material configuration changes. Record what changed and restart in paper mode. Comparing one controlled change at a time makes the resulting behavior easier to understand. Live trading should remain a separate, deliberate decision.