*Simulated* Trader P/L 2007
- Thread starter NoEmotions
- Start date
Which paper trading software package most accurately emulates where/when a limit order will be filled?
For example, I have been using open e cry's demo software, and doing very well using time/fill sensitive strategies.
I tried doing this live and noticed a marked difference.
As I retool, I would like to be able to test my (discretionary) strategy under accurate market conditions, without a leg up.
Thanks!
For example, I have been using open e cry's demo software, and doing very well using time/fill sensitive strategies.
I tried doing this live and noticed a marked difference.
As I retool, I would like to be able to test my (discretionary) strategy under accurate market conditions, without a leg up.
Thanks!
I don't know which software package emulates limit order fills most realistically. Personally I use the paper trading account offered by Interactive Brokers and I noticed that prices generally have to trade through my limit before I'm getting filled. However, I don't know the exact algorithm so I can only speak based on my observations. Also my trading strategy isn't that sensitive to fills. If I exit a position I'm almost always pay the spread and if I enter a position I'm willing to change my limit price so that the market trades through it to make sure I got my position.
thanks for you input jens.