Setup Guide
Setup guide for the MadHatter Bot
  • Find a pair with decent movement on the 5-minute chart. It doesn't matter which direction, but it needs to hit the upper and lower Bband.
  • Find the average order book size for the pair you selected
  • Input the order size into MadHatter
  • Configure the Bband settings to touch the top and bottom bands. You want multiple touches but don't want to be too constricted.
  • Start backtesting to ensure that the Bband settings are adjusted to your liking.
  • Configure the minimum price movement. A good method to use for finding the appropriate setting is to look at the movement in the 5-minute graph.
  • Backtest to ensure that it works.
  • Configure the Stop loss by deciding how much you are willing to risk if a trade goes bad (Generally you have to give some wiggle room for price movement)
  • Backtest to verify your stop loss settings. Giving MadHatter the ability to follow movements in both up and down trends requires a few more steps.
  • Configure your MACD settings and align with your buy and sell points. ( There is a video on how to trade MadHatter's strategy manually)
  • Use the RSI settings to add an extra indicator.
  • Decide if "MadHatter Mode" (To be released) is viable by switching it on and seeing if results improve.
You will need to do this within MadHatter's fullscreen mode.
Last modified 2yr ago
Copy link