Simulated Trading

SIMULATED TRADING GUIDE

Live and Simulated / Paper Trading - Login instructions:

  • Now you can take advantage of Simulated / Paper Trading on TradeStation Global
  • Create and test trading strategies across FX, Equities and Futures markets, with Interactive Brokers’ Paper Trading Account
  • Get access to a Paper Trading Account, plus the latest performance updates
  • Go to Update Manager and install the latest update.

IMPORTANT NOTE

THE ACCOUNT SELECTED ON INTERACTIVE BROKERS TRADER WORKSTATION (TWS) DETERMINES THE ACCOUNT YOU ARE IN – either LIVE TRADING or SIMULATED / PAPER TRADING.

LIVE TRADING ACCOUNT NUMBERS BEGIN WITH U.

SIMULATED / PAPER TRADING ACCOUNT NUMBERS BEGIN WITH DU.

You can only be logged into either Live Trading or Simulated / Paper Trading, at one time.

Connecting your TradeStation platform (TSG), after selecting your account on TWS, enables you for Live Trading or Simulated / Paper Trading – depending on the account selected and opened on TWS.

IN SIMULATED / PAPER TRADING:

  • On the TWS platform:
    • You will see a red alert at the top of TWS stating you are in Paper Trading
    • THE ACCOUNT NUMBER WILL BEGIN WITH DU
  • On the TSG platform:
    • You will see a green alert stating Trading in the bottom right
    • THE ACCOUNT NUMBER WILL START WITH DU

IN LIVE TRADING:

  • On the TWS platform:
    • You will NOT see a red alert at the top of TWS stating you are in Paper Trading
    • THE ACCOUNT NUMBER WILL BEGIN WITH U
  • On the TSG platform:
    • You will see a green alert stating Trading in the bottom right
    • THE ACCOUNT NUMBER WILL START WITH U
Disclosure:

Be aware hypothetical results during simulated trading are generated with the benefit of hindsight and may have under-or-over compensated for the impact of numerous other variables, conditions and circumstances, including but not limited to lack of liquidity.

To create a Simulated / Paper Trading Account

  1. Log into your TradeStation Global Interactive Brokers account https://www.interactivebrokers.co.uk/sso/Login?RL=1
  2. Click on Menu (top left)
    Simulated Trading - TradeStation Global1
    • Go to Settings>Account Settings
      Simulated Trading - TradeStation Global2
    • Under Configuration select the ‘gear’ beside Paper Trading Account
      Simulated Trading - TradeStation Global3
    • Fill out the application to get a Paper Trading Account
    • Select YES for Share real-time market data subscriptions with paper trading account? - if you want to receive real time data in your simulated account
    • If you select YES and share real time data you can only use and log into one account at a time – either your Simulated / Paper Trading account or your Live Trading account
      Simulated Trading - TradeStation Global4
  3. To access your Simulated / Paper Trading account on TWS and TSG, start your TWS platform and during log-in select Paper Trading
    Simulated Trading - TradeStation Global5
  4. Then use the Paper Trading log-in you created during the above process and click on ‘Paper Log In’:
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  5. You are now logged into the Paper Trading environment in TWS
  6. You will need to confirm you understand you are in the Paper Trading environment
  7. There will be a red alert at the top of TWS telling you that you are in Paper Trading
  8. Your account will start with DU – for a Simulated / Paper Trading account, instead of U – for a live trading account
    Simulated Trading - TradeStation Global7
    • You can now log into your TSG platform using your TSIB log-ins.
      Simulated Trading - TradeStation Global8
    • As you are connected to Simulated / Paper Trading account in TWS you will also be connected to this account in TSG
    • Note that the account number in TSG will also start with DU
      Simulated Trading - TradeStation Global9

Closing Simulated Trading and Opening Live Trading:

  • Once you have completed testing in the Simulated / Paper Trading environment and want to trade in the live markets with real money:
  • Close both TWS and TSG platforms
  • Then restart TWS and log in with your Live Trading username and password under Live Trading:
  • This account starts with U – your live trading account
    Simulated Trading - TradeStation Global 10
  • Then log back into TSG using your username that begins with TSIB
  • You will see that you are connected to your U account on TSG – showing you are in your Live Trading account