How to Set Up Binance Futures Paper Trading

This guide walks you through setting up a Binance Futures Testnet account and connecting it to Tradoflow for testing your strategies.

Step 1: Sign Up for a Binance Futures Testnet Account

• Visit the Binance Futures Testnet website.
• If you don't already have a testnet account, follow the prompts to create one.

Step 2: Verify that you are logged into the Testnet account

• Once logged in, verify that you are on the Testnet version of Binance Futures.

Step 3: Find API Keys for Your Paper Account

• Navigate to the API Management section and create API keys for your testnet account.
• Copy the API Key and API Secret. You will need these keys later to connect to Tradoflow.

Step 4: Connect to Tradoflow in Paper Mode

• Open Tradoflow and navigate to the Connections section.
• Click on Create Connection and select Binance Futures from the list of available exchanges.
• Choose Paper mode to simulate trades with demo funds.
• Paste the API Key into the API Key field in Tradoflow.
• Paste the API Secret into the API Secret field.
• Save your connection settings.

Additional Notes

• Why Paper Mode? - Paper mode allows you to test your strategies in a risk-free environment using simulated trading. It's ideal for refining your strategies before deploying them with real funds.
• Troubleshooting - If you encounter issues connecting your Binance Futures testnet account to Tradoflow, double-check your API key settings and ensure that you are using the correct testnet keys.

By following these steps, you'll be able to set up and test your Binance Futures integration in Tradoflow using paper mode, allowing you to validate your strategies without financial risk.