StockHero Guide
  • Setting Up Your Stock Trading Bot
  • Quick Start Bots
  • Video Gallery
  • Major Updates
    • Achieving ISO27001 Certification
    • StockHero Version 3
    • StockHero V2, The Best Is Not Enough
      • StockHero V2.5
    • StockHero Release Notes
  • Getting started
    • Paper Trading
    • Backtesting
    • Dashboard
    • Portfolio
    • Bots and Deals
    • Bots Processing Priority
    • Strategy Marketplace
    • Deploying A Marketplace Bot
    • SMS Notifications
  • Futures Trading
  • Bot Settings
    • Strategies
    • Trading Parameters
    • Entry / Exit Conditions
    • Advanced Bots
    • DCA Bots
    • Exit Bot
    • Price Bot
    • Grid Bot
    • Sell Bot
    • Momentum Bot
    • Trailing Stoploss
    • Trailing Take Profit
    • Bot's Performance Stats
    • Strategy Designer
  • Technical Indicators
    • Bollinger Band
    • EMA
    • RSI
    • Stoch RSI
    • MACD
    • Volume
    • TradingView
    • Mandatory Indicators
  • Connecting Your Brokerage
    • Supported Brokerages
    • Trading Account Connection
    • TradeStation
    • Webull
  • Wealthsimple
  • FAQ
    • Terminology
    • Frequently Asked Questions
  • Housekeeping
    • Release Notes
    • Terms of Use
    • Official Communities
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  1. Getting started

Paper Trading

Test Your Strategy Risk-Free

PreviousStockHero Release NotesNextBacktesting

Last updated 7 months ago

Paper Trading is using a simulated trading account that does not involve any real stocks or money. It is a risk-free way of testing out bots before using them on real markets. Paper trading trades on our Paper exchange. During normal trading hours, our Paper exchange simulates actual market movements and allows the bots to execute trades on it without using real capital.

The funds that appear in the Paper wallet are not real funds. They are virtual (fake) funds that are used only to trade in our virtual exchange, the Paper exchange.

How to Add Additional USD to Your Paper Wallet

Paper trading is enabled by default with a starting balance of 10,000 USD (again, this is not real USD). To adjust the virtual funds for trading the Paper exchange in the Web App, go to Settings ⇢ Paper Wallet. To adjust the virtual funds in our mobile apps, go to the Portfolio page.

(in Web App, click on Settings >> Paper Wallet)

Next, click the Add button.

Enter "USD" into the Stock field as shown in the image below:

Next, enter the amount of USD you would like to add and click the Add button at the top. For this example, we will add US$10,000.

Click the Confirm button. Your new USD balance will be updated immediately.