Who has a good paper trading simulator

[JBahn]

I have been reading and studying about as much as I can take it. It is now time to get a paper trading account.

Any recommendations on what works well with simulated e-mini trading? I dont mind paying a small access fee as long as it isnt anything outrageous.

Thanks for any advice

[TinGull]

check out Infinity Brokerage Services .

[Robert2617]

Here are a couple more.
Paper trading Club
World Link Futures, Inc. Teaching beginners how to trade stocks and futures and options, commodities

[email]

If you go to the CBOT`s website you will see a heading " Education" click on it, look to the left of your screen and you will see "simulators" click on it, there is a list to pick from.

Regards,
Emile

[cooter]

Another one is some outfit called "Open E Cry". Small broker out of Ohio, with an owner who runs his own private futures hedge fund.

But try Infinnity's software too. Compare and contrast and see what's easier for you to use. Just be wary about what broker you are assigned to over there.

You'll find that if you spend more time managing your live trades, than planning and executing your trades, it can overwhelm you.

Remember, though, because it's "simulated" you'll get filled much sooner than in real-life (in essence, no slippage). So you might want to take that into account when devising and implementing your approach to futures trading.

[TinGull]

	Quote:	cooter
	Remember, though, because it's "simulated" you'll get filled much sooner than in real-life (in essence, no slippage). So you might want to take that into account when devising and implementing your approach to futures trading.

Regarding this statement and Infinity's sim...thats not true. There are plenty of times that I won't get filled at a price when someone I trade with will be trading live and get filled at that exact price.

[NihabaAshi]

	Quote:	JBahn
	I have been reading and studying about as much as I can take it. It is now time to get a paper trading account. Any recommendations on what works well with simulated e-mini trading? I dont mind paying a small access fee as long as it isnt anything outrageous. Thanks for any advice

Do's or Don'ts of Simulator Trading:

* If you have not selected a broker...only use the simulator from a few brokers your considering opening a trading account with.

* If you have selected a broker...only use their simulator.

* Simulator should only be used to learn the broker execution platform and not for testing a new method unless your testing a built-in strategy code that is an option in the simulator itself.

Thus, use a backtesting software or manually test your strategies and then move into real money trading with a small position size but only when you feel comfortable in using your broker trade execution platform.

Most traders takes about a month to fully learn their broker execution platform while simulating trading.

Then it usually takes an additional 1 - 2 months to feel comfortable using the platform with real money on the line.

* No trading plan, no well defined strategy regardless if its profitable or not...

Don't use a simulator until your ready to simulate your method and your ready to learn how to use your broker execution platform.

There's also another use for the simulator.

Lets pretend your one of those traders that consistently makes profits in the morning a.m. trading session but yu tend to lose those profits in the afternoon p.m. trading session...

Only use a simulator in the afternoon p.m. trading session until you can determine (resolve) your trading problems for that trading session.

However, the best solution in that particular situation is to not trade (no real money nor simulator) in the afternoon p.m. trading session.

In addition, when you do use a simulator, only use the exact same position size that equals what you will be using in real money trading when you first plan to go live with real money trading.

For example, lets say you will eventually trade 10 ES contracts (you have the account size for such) but you want to take it easy in the beginning and only trade 1-2 contracts.

Thus, when you simulate trade...only do it with 1-2 contracts and not 10 contracts.

Summary: It's only time to use a simulator when you're satisfied with your method's backtesting results, you have a well defined trading plan and your now ready to learn your broker trade execution platform.

Too many traders make the classic mistake of using a simulator while they don't have a trading plan nor a proven method via backtesting.

This mistake will cause trading problems when you do go to real money trading.

Mark
(a.k.a. NihabaAshi) Japanese Candlestick term

"Volatility Analysis is a doorway to consistent profits."

[cooter]

	Quote:
	There are plenty of times that I won't get filled at a price when someone I trade with will be trading live and get filled at that exact price.

Good for you. How do you find the simulator helps your trading? Are you saying that you think that it is realistic?

For example, here's a training video on scalping the S&P futures (ES) using the Infinnity AT platform on a LIVE account (not demo).

Live Scalp Trade on Emini S&P Futures

I think the best use of the simulator is to familiarize yourself with the bells and whistles of the platform before trading live.

The feature set that is demonstrated seems to lessen the learning curve of setting and adjusting stops and profit targets manually, something that can trip up a newbie real easily.

[TinGull]

JC is wrong when said that stuff about the demo account. Notice on his first 10 lot he got taken out without the bid being above his offer? That would not happen in the simulator. The sim makes it so that the bid must touch your offer.

I did sim for a few days last week to help me figure out if I lacked confidence in my setups or if something else was wrong emotionally. My setups are on fire, so now I feel much better. The AT platform kicks butt!

[brownsfan019]

I have found the sim for T4 (futures trading platform) to be excellent when compared to real-time trades. I use that through Mirus Futures.

http://www.ctsfutures.com/content/t4/