How to Verify Strategy with Paper Trading Orders
Paper trading is a mandatory gateway before live trading. Verify Webhook URL and JSON operations in advance to prevent losses due to unexpected configuration errors and improve strategy perfection.
1 Connect Paper Trading
In AlertWays, Paper Trading Modeselect this to connect the exchange API as the first step.
- Register the exchange's paper trading-specific API key and Secret key.
- IP Whitelist: For security,
43.202.226.64must be registered. - If using OKX or Bitget, the configured api passphrasemust be entered.
2 Copy Signal Bot JSON
The Webhook URL is https://alertways.com/api/v1/webhooks/tradingviewfixed as below. Copy and use the JSON format below exactly into the TradingView Alert window.
{
"exchange": "binance",
"market": "futures",
"mode": "demo",
"ticker": "{{ticker}}",
"strategy_position_size": "{{strategy.position_size}}",
"token": "Unique token copied from Signal Bot"
}3 Check Order History and Switch
Once set up, when a signal occurs, Order History Dashboardyou must check actual execution status at
- Compare timestamps to see if the order was successfully recorded.
- If a failure log remains, re-check API key permissions or JSON token values.
- After confirming perfect operation in paper trading, Live Tradingswitch to safely operate.
"Paper trading is not just practice; it is the surest preventive measure to protect your valuable assets."