Your First Trade. Watched End To End.

Your First Trade

#First Trade Walkthrough.

A concrete sequence for going from "just got access" to "first paper trade" in under 15 minutes.

1. Pick one instrument. Many traders start on MNQ1! (Micro Nasdaq) — high liquidity and the smallest contract in the Nasdaq family, which is why it shows up in most first-session setups. The instrument is your choice. High liquidity, low contract size, prop-firm friendly. For chart timeframe, the simplest path is to import a preconfigured layout from Discord (see Shared Layouts) — otherwise pick a timeframe you've validated in the Strategy Tester.
2. Load Paradox Algo from Invite-Only Scripts. Click Indicators → Invite-Only Scripts → pick Paradox Algo Strategy v7.4. The strategy will load and run a backtest immediately.
3. Open the input panel. Click the gear icon next to the strategy name. Inputs are grouped by function: Entries, Exits, Risk, Compliance, Sessions.
4. Apply a preset. In the Presets group, set the Profile to Balanced. This configures the target and stop multipliers, trailing logic, and pacing for the timeframe you're on.
5. Enable prop-firm compliance (if applicable). Set Daily Loss Cap, Multi-Day Loss Cap, and Daily Reset Hour to your firm's actual rules. End-of-session flattening is automatic — positions close at the end of any enabled session window, on the Max Hold time stop, or on a prop-cap hit.
6. Read the Strategy Tester report. Bottom panel of the chart. It reports Profit Factor, Max Drawdown, Total Trades, and the Equity Curve for the historical window on your chart. Read it to understand how the configuration has behaved and whether its drawdown profile fits your account — not as a forecast, and not as a dial to tune until the numbers look good.
7. Set up an alert. Click the bell icon, select the strategy in Condition, then pick Any alert() function call from the second dropdown. Paste your webhook URL and leave the Message field empty — the strategy fills it automatically.
8. Paper-trade for one full week minimum. Track every trade. Compare alert payloads to actual fills. Do not skip this step.