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docs/configuration.md
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# Configure the bot
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This page explains how to configure your `config.json` file.
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## Table of Contents
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- [Bot commands](#bot-commands)
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- [Backtesting commands](#backtesting-commands)
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- [Hyperopt commands](#hyperopt-commands)
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## Setup config.json
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We recommend to copy and use the `config.json.example` as a template
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for your bot configuration.
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The table below will list all configuration parameters.
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| Command | Default | Mandatory | Description |
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|----------|---------|----------|-------------|
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| `max_open_trades` | 3 | Yes | Number of trades open your bot will have.
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| `stake_currency` | BTC | Yes | Crypto-currency used for trading.
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| `stake_amount` | 0.05 | Yes | Amount of crypto-currency your bot will use for each trade. Per default, the bot will use (0.05 BTC x 3) = 0.15 BTC in total will be always engaged.
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| `fiat_display_currency` | USD | Yes | Fiat currency used to show your profits. More information below.
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| `dry_run` | true | Yes | Define if the bot must be in Dry-run or production mode.
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| `minimal_roi` | See below | Yes | Set the threshold in percent the bot will use to sell a trade. More information below.
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| `stoploss` | -0.10 | No | Value of the stoploss in percent used by the bot. More information below.
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| `bid_strategy.ask_last_balance` | 0.0 | Yes | Set the bidding price. More information below.
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| `exchange.name` | bittrex | Yes | Name of the exchange class to use.
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| `exchange.key` | key | No | API key to use for the exchange. Only required when you are in production mode.
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| `exchange.secret` | secret | No | API secret to use for the exchange. Only required when you are in production mode.
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| `exchange.pair_whitelist` | [] | No | List of currency to use by the bot. Can be overrided with `--dynamic-whitelist` param.
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| `exchange.pair_blacklist` | [] | No | List of currency the bot must avoid. Useful when using `--dynamic-whitelist` param.
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| `experimental.use_sell_signal` | false | No | Use your sell strategy in addition of the `minimal_roi`.
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| `telegram.enabled` | true | Yes | Enable or not the usage of Telegram.
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| `telegram.token` | token | No | Your Telegram bot token. Only required is `enable` is `true`.
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| `telegram.chat_id` | chat_id | No | Your personal Telegram account id. Only required is `enable` is `true`.
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| `initial_state` | running | No | Defines the initial application state. More information below.
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| `internals.process_throttle_secs` | 5 | Yes | Set the process throttle. Value in second.
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The definition of each config parameters is in
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[misc.py](https://github.com/gcarq/freqtrade/blob/develop/freqtrade/misc.py#L205).
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### Understand minimal_roi
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`minimal_roi` is a JSON object where the key is a duration
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in minutes and the value is the minimum ROI in percent.
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See the example below:
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```
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"minimal_roi": {
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"40": 0.0, # Sell after 40 minutes if the profit is not negative
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"30": 0.01, # Sell after 30 minutes if there is at least 1% profit
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"20": 0.02, # Sell after 20 minutes if there is at least 2% profit
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"0": 0.04 # Sell immediately if there is at least 4% profit
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},
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```
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### Understand stoploss
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`stoploss` is loss in percentage that should trigger a sale.
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For example value `-0.10` will cause immediate sell if the
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profit dips below -10% for a given trade. This parameter is optional.
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### Understand initial_state
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`initial_state` is an optional field that defines the initial application state.
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Possible values are `running` or `stopped`. (default=`running`)
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If the value is `stopped` the bot has to be started with `/start` first.
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### Understand ask_last_balance
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`ask_last_balance` sets the bidding price. Value `0.0` will use `ask` price, `1.0` will
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use the `last` price and values between those interpolate between ask and last
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price. Using `ask` price will guarantee quick success in bid, but bot will also
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end up paying more then would probably have been necessary.
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### What values for fiat_display_currency?
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`fiat_display_currency` set the fiat to use for the conversion form coin to fiat in Telegram.
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The valid value are: "AUD", "BRL", "CAD", "CHF", "CLP", "CNY", "CZK", "DKK", "EUR", "GBP", "HKD", "HUF", "IDR", "ILS", "INR", "JPY", "KRW", "MXN", "MYR", "NOK", "NZD", "PHP", "PKR", "PLN", "RUB", "SEK", "SGD", "THB", "TRY", "TWD", "ZAR", "USD".
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## Switch to dry-run mode
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We recommend starting the bot in dry-run mode to see how your bot will
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behave and how is the performance of your strategy. In Dry-run mode the
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bot does not engage your money. It only runs a live simulation without
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creating trades.
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### To switch your bot in Dry-run mode:
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1. Edit your `config.json` file
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2. Switch dry-run to true
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```json
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"dry_run": true,
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```
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3. Remove your Bittrex API key (change them by fake api credentials)
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```json
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"exchange": {
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"name": "bittrex",
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"key": "key",
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"secret": "secret",
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...
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}
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```
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Once you will be happy with your bot performance, you can switch it to
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production mode.
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## Switch to production mode
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In production mode, the bot will engage your money. Be careful a wrong
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strategy can lose all your money. Be aware of what you are doing when
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you run it in production mode.
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### To switch your bot in production mode:
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1. Edit your `config.json` file
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2. Switch dry-run to false
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```json
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"dry_run": false,
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```
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3. Insert your Bittrex API key (change them by fake api keys)
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```json
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"exchange": {
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"name": "bittrex",
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"key": "af8ddd35195e9dc500b9a6f799f6f5c93d89193b",
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"secret": "08a9dc6db3d7b53e1acebd9275677f4b0a04f1a5",
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...
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}
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```
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If you have not your Bittrex API key yet,
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[see our tutorial](https://github.com/gcarq/freqtrade/blob/develop/docs/pre-requisite.md).
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## Next step
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Now you have configured your config.json, the next step is to
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[start your bot](https://github.com/gcarq/freqtrade/blob/develop/docs/bot-usage.md).
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