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.