How to Setup Your Bots in the Gimmer Demo DApp

In this guide, you will learn the basics of how to create a trading bot strategy and validate it using the backtesting feature.

The Gimmer DApp, which will launch in the second quarter of 2018, will allow you to trade multiple cryptocurrencies using Gimmer’s advanced algorithmic bots. After setting up your bots, they will do all the trading for you - you only need to sit back and relax!

Before creating your strategy you need to download the application from the official Gimmer website. As soon as you have downloaded and installed the application, you can create your account.

1 - After you create your account, you will be directed to the Dashboard, now just click on the ‘Create Bot’ button.

2 - Select ‘Primary Trading’.

3 - Create a name for your bot strategy.

4 - In the demo app, the terms and conditions are just indicative, so tick the box to accept and click on the ‘Create Bot’ button.

5 - Once this is done, you will land on the main page for the bot that you just created.

6 - Click the ‘Strategy’ tab and then scroll down the page until you see the ‘Backtest’ panel.

7 - As the bot comes pre-configured with USDT/BTC, you can start by running a Backtest to see how it would have performed.

8 - In the example below, we can see that the bot made a purchase and finished it with a gain of 22.87%. On the chart, the green pips show when the bot buys, and the red pips show when the bot sells.

9 - Now, if you scroll to the top of the page and click the ‘edit’ button, you can start to modify your bot strategy.

10 - Next, scroll down to the ‘Safeties’ panel and enable the ‘Preserve Profits’ feature. We will set it to start only when the bot is gaining 10% and we will tell the bot to preserve 70% of the capital when the bot is profiting.

11 - Then, perform another backtest to see the new results.

12 - With this change, we can see that the preserved profits acted twice and improved the performance of our strategy, jumping from 22.87% to 43.80%

13 - All your backtests are stored in a history, allowing you to try multiple strategies and skip back to them and apply the best settings.

With this guide, you will be able to create, test, and tweak the performance of your bot strategies. Are you ready to start testing Gimmer? Download the Demo app now and create and test as many strategies as you wish.