How does paper trading work?

1. 1PaperFake money, real prices
2. 2WatchDisable losers
3. 3PromoteOne winner to live
4. 4LiveReal money

Start in paper. Promote a winner. Then be stricter with real money.

Paper trading in CryptoBud is not a toy demo. It is the same crypto trading bot, on live Binance Spot prices, with fake money. No API keys. Your paper book can go negative — that is the point. You are testing.

Let the bot enter

Setup already picks a style — Scalper, Builder, or Holder — and can screen which pairs to trade. Those pairs come with tuned strategy and risk: stop-loss, take-profit, trailing stop, lot size.

Skip manual buys unless you really mean it. A manual buy skips the entry guards the strategy uses. On paper you want to see what the config does, not what you would have done.

Watch lots. Do not babysit exits.

Leave open lots alone on paper. Watch how price hits the stop, the take, or the trail. That is how you learn if the pair is any good.

When a pair keeps losing, disable it so it stops buying. Open lots stay until the stop, take, or trail hits — the Live Activity stays up until they resolve.

Promote the winner — not the whole book

Do not dump every paper pair into live. Pick one that is actually working.

Promote copies that pair's strategy, risk, and execution onto Live. Positions do not come along. Live starts a fresh book with those knobs. You can leave the pair disabled on arrival and turn it on when you are ready.

Go live on the server copies the whole setup onto Live. Paper keeps running. Use that when you want everything. Use Promote when you want one pair.

Live needs your Binance Spot API key — trade-only, withdrawals off. How to start live trading →

Live is a different job

On live you are betting real money. Paper taught you the config. Live is discipline.

• Watch the winning pairs. Manual exits are for live — take profit or cut a loss when you mean to.
• You can move stop-loss and take-profit on the pair while lots are open. Widen a stop if you want to give it more room. Tighten it if you want the bot to exit. Same for take-profit.
• Do not treat live like paper. Paper can go negative. Live cannot.

Bud Intelligence can prune weak pairs, onboard spare reserve, and tune exits. What Bud Intelligence does →

The loop

1. Paper first — fake money, real prices, no keys
2. Let screened pairs trade. Avoid manual entries
3. Watch lots. Disable losers so they stop buying — open lots finish on their own
4. Promote a winner to live
5. On live: watch, exit by hand when you choose, move stops if you are extending or cutting

That is the product: test first, then promote.