How do I paper trade?

[ph1l]

I'd say assume the stop was hit regardless of which is closer/same distance.

If a strategy is robust erring on the conservative shouldn't matter.

I agree. Another potential issue is price charts might not include odd lots.

 

[SunTrader]

I agree. Another potential issue is price charts might not include odd lots.

I suppose. OP still has yet to say what market/symbol so if it stonks that could be a possibility.

 

[andy_p]

I`m trading gaps in FTSE. I can reveal all of the details of the strategy sorry about that I have my reasons. But how do I know when paper trading if the charts have hit the stop loss before the take profit level.

 

[Overnight]

I`m trading gaps in FTSE. I can reveal all of the details of the strategy sorry about that I have my reasons. But how do I know when paper trading if the charts have hit the stop loss before the take profit level.

Without a real-time data feed with ticks? You just imagine it in your head after smoking unicorn dust and snorting rainbows.

Seriously...Why are you wasting everyone's time here with your pre-electricity trading idea?

 

[twstn]

Hello,

I have a question and this seemed like the closest forum that I can put it in. I have a strategy I`ve bought it and it`s about gap trading. So I have an entry point and exit point or a take profit point. But I also have a stop loss. My question is how to I write it down on paper and how do I know, by looking at the chart or I don`t know how because this is the problem, how do I know if the stop loss hasn`t been triggered and It went on to be profitable to trade or if the take profit point was never ticked or my order wasn`t filled.
Thank you

Send a sample entry, exit and stop loss from your strategy the past days and maybe somebody here can show you how to paper trade based on that.

 

[Overnight]

Send a sample entry, exit and stop loss from your strategy the past days and maybe somebody here can show you how to paper trade based on that.

That's like telling someone with a solid-rocket fuel engine that they can achieve a spore jump before they even know how to reach warp speed.

 

[deaddog]

Seriously...Why are you wasting everyone's time here with your pre-electricity trading idea?

It's not a bad idea really. Once you calculate indicators and plot them by hand, you start to realize that price moves the indicators not the other way around. When moving averages cross or stochastics moves it's because the price moves. Not the other way around.

Pre computer, back in the dinosaur age that's what we did. Backtesting was going through a bunch of old news papers.

 

[easymon1]

I`m trading gaps in FTSE. I can reveal all of the details of the strategy sorry about that I have my reasons. But how do I know when paper trading if the charts have hit the stop loss before the take profit level.

How bout'cha take a look at the chart? What's the specific problem with that approach? Can you post images of some charts where this wild idea would not work?

 

[deaddog]

I`m trading gaps in FTSE. I can reveal all of the details of the strategy sorry about that I have my reasons. But how do I know when paper trading if the charts have hit the stop loss before the take profit level.

What time frame are you trading? Don't your charts show that time frame.

 

[LuckyMac]

You can paper trade on demo accounts with lots of different brokers or am i missing something?