Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

vatofl88

Free Demo Account

Recommended Posts

I am interested in day trading and would like some advice on various free simulation/demo accounts that I could use to begin papertrading. Once I get comfortable in the demo account and I learn more about day trading, I would like to work with with a prop firm such as cy group and starting making real trades.

 

What I am looking for is an simulation/demo account that is going to be as close as it gets to real live trading and having a real account with prop firm/or general retail account. Meaning something that will give me access to stop/loss, p&l statements, etc.

 

I have seen a few places mentioned such as interactive brokers, infinity trading, ninja trader, etc. All I am looking for is something free that is very similar to the real thing. Thank you for the help.

Share this post


Link to post
Share on other sites
I am interested in day trading and would like some advice on various free simulation/demo accounts that I could use to begin papertrading. Once I get comfortable in the demo account and I learn more about day trading, I would like to work with with a prop firm such as cy group and starting making real trades.

 

What I am looking for is an simulation/demo account that is going to be as close as it gets to real live trading and having a real account with prop firm/or general retail account. Meaning something that will give me access to stop/loss, p&l statements, etc.

 

I have seen a few places mentioned such as interactive brokers, infinity trading, ninja trader, etc. All I am looking for is something free that is very similar to the real thing. Thank you for the help.

 

IB paper trading (not the demo!) is fine. (It's free once you create the account) . Can have multiple paper trading account.

 

Tom

Share this post


Link to post
Share on other sites

I use the IB paper trading account, that works fine and it works the same as my real account. Ofcourse you need a relevant data subscribtion and a normal IB account to have access to the papertrading account.

Share this post


Link to post
Share on other sites

What size account are you thinking of opeing?

 

If you open a decent size account (10,000+, maybe in some cases a little less) most brokers have a demo account with live feeds that are pretty realistic. NinjaTrader has an excellent simulator given a real time data feed. That will meet the requirements you stated above.

 

You mention trading with a prop shop like cy group; do you mean immediately once you get comfortable with the demo account? You might do a search on cy group to see how they are thought of; I don't personally know anything about them.

 

Scott

Share this post


Link to post
Share on other sites

I use Go Markets real and Demo for all the indicators etc I develop and use.

You can read about them on my Indicator Website.

(Moderator: Promo URL removed)

They could be just what your looking for.

Cheers

Brooky

Share this post


Link to post
Share on other sites

What products are you intending to trade?

 

I primarily trade ES emini's, have a ToS account and intend to move it. Recently demo's the BestDirect platform w/ PFGBest, it was the closest to live trading I've experienced. By that I mean one does not get an instant fill when a limit or stop price trades, but it simulates actual fills, unlike paper money w/ ToS, or other simulators I've used.

Share this post


Link to post
Share on other sites

The next challenge u will face is one of going back and looking at historical trades, any thing beside real data coming in is historical.. Depending on the time frame of ur charts and how close to the tic ur entries and exits are, u might spend ur whole career trying to figure out, why the backtrading looks so good but I lost my account real time.. The most pure historical data is tic data,, but finding enough of it in the platform u like and can afford, will be the next challenge which is really the first challenge.. Charts may change subtly everytime u reload the chart.. Also some of the providers skip tics or the volume data is inaccurate if ur trading system depends on these... The further u get away from minute bars the more ur charts may change on reloads..

 

Wish I would have known this 15yrs ago.... :2c:

Edited by gg80108

Share this post


Link to post
Share on other sites

Getting historical quotes are a challenge. I like to work with 1 minute bars, but historical quotes are generally 1 day bars. Attached is an Excel spreadsheet that downloads your stock symbol data from Yahoo to a csv formatted file. There's one csv file for each symbol. From there you can import the data into your trading platform.

 

If anyone finds free historical data with 1 minute bars, please reply and let me know how to get it.

Excel Historical Quote Downloader.zip

Share this post


Link to post
Share on other sites

if u have a data feed ,use ninja trader,,,,,every thing is real in demo.historical data is free end of day in ninja with kinetick as well.u can test your strategies and indicators as long as u want.

Share this post


Link to post
Share on other sites

The situation one runs into using data "bar data" aka: OHLC , End Of Day, Was the High price made before the Low price or versa? Can make a real difference in some systems especially minute bars that the range can be vast in one minute, when the entry and stop could be hit on the same bar..

Its one thing recognizing the various charting formations after the fact(bar data), (i'm 100%) but recognizing the patterns as they are occurring, priceless... :)

Share this post


Link to post
Share on other sites

I know that NinjaTrader as well as MetaTrader are free; however, the data sources are free depending on the brokerage company you get them from. So where did you get your download of NinjaTrader and what broker do you use as a data source? Also does your free data source include stock data? Thanks for the info.

Share this post


Link to post
Share on other sites

Opening demo account with a broker that has MT4 (Meta trader 4) platform is a good idea. It's free, some brokers require you re-open new demo after 3 months or so, some let you keep demo forever. Many brokers with MT4 are forex, but some also have futures and stocks. You can open demo and write the amount of money, and you trade these virtual money under the exact conditions you would trade real. No data delay.

 

The problem is that if you want to trade futures, better don't use "bucket shops". But as far as demo is concerned, then you have no risk.

 

Plus there is a way to import historical data to MT4 and keep the platform off-line, treat it as your charting software. You would need to update data by hand thereafter, but you know, many people still keep doing this using various charting software using EOD data.

 

I did that to backtest many markets, once I had data on my excel sheet (which you need to obtain from some source, and I really think there are many possibilities to get it free of charge) you import it into MT4. That depends if you need data for floor traded session or not.

 

Anyway, i feel MT4 is worth trying, free, many indicators, you can make your own, etc.

 

One thing I wouldn't trust is MT4 strategy tester.

I always test by hand, bar-by-bar.

 

Happy New Year.

Share this post


Link to post
Share on other sites

i have a real time acount with IB(interactive brokers)charges for data are very low,,downloads for ninja is available in there support forum.almost every thing is there.or u can try bigmiketrading.com

goodluck

Share this post


Link to post
Share on other sites
There is a 20 minute delay with their paper trading, but you can try Think or Swim

 

I went through the process of tos, but they wanted me to fax forms and fund the account. I am just looking for something simple, where I can exchange some basic info, open account, and start paper trading.

Share this post


Link to post
Share on other sites

only in forex,,real time data is free for demo.if u want real time demo,u have to open an account with some stock/future broker,,,like IB,MIRUS,VELOCITY,AMP or GLOBAL FUTURES, or some like this.u can fund your account and stay in demo as long as u able to go for live trade.it depend what u like to trade

Share this post


Link to post
Share on other sites

I used Alpari's demo platform and am now trading for real on their micro account. The demo is very authentic albeit with the smaller spreads associated with their professional account which needs $20,000 to start trading with unlike the micro which needs $200 to start trading. However, I think this is no issue unless you are trading less than a 15 minute chart. However, Alpari is for Forex and some cfd's. Unlike some other organisations, there is no time limit on practicing on their demo.

Share this post


Link to post
Share on other sites

Yes this is a rubrics cube, which dominated more time and frustration which I care to admit, getting the platform/charting/order entry with the indicators, the broker is the least consideration, since they all have competitive fees now...If u venture outside of the standard indicators that every charting package has.. Think I would go for TradesStation,, cause u get what u pay for... I'm a Ninjatrader now due to the various gurus I followed over the years, but seem like most pro traders depend on TradeStation..

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • FUCK OFF and die in a ditch you communist drunken pig   https://www.rt.com/news/471252-juncker-emotional-council-goodbye/
    • Brexit Aftermath: The Market Reaction Of Bitcoin, Gold And Pound Sterling To Headline News In The EURO Zone   After the UK made it public to exit from the EURO bloc, the market cap for Bitcoin and Gold has increased almost by $133 billion and $1 trillion. Is this the Brexit aftermath?   As it is, the end may be near for Brexit. In the recent declaration an accord is reached between the British government and the EU, everyone is on the lookout for the final date Brexit will conclude. And based on this scenario, an analysis is drawn on the aftermath of this separation in the politics of the EURO bloc and the effect on the price of Bitcoin, Gold and pound sterling.   Bitcoin: Since the start of Brexit, Bitcoin’s market cap had spiked higher and recovered about $10 billion worth. Before Brexit, the cryptocurrency of the first choice had been stable in price after crashing to a market cap of about $2.9 billion low around January 2015. However, after the crash, the cryptocurrency had spiked to about 300% within 18 months while the next super halving of the project is expected on the network from 25 to 12.5 fresh Bitcoin’s per 10 minutes.   As of mid-2016, the most liquid GBP market was the London based Coinfloor exchange. The exchange did around 772 Bitcoins’ worth of volume that day, valued back then at around $4.9 million, with data from the technical back end at the Trading view.   The Pound Sterling: The British national currency had crashed by almost 20% on the night of the vote after hitting a momentary high of about $1.5 versus the USD for about 8 months. Since crashing to a low of about $1.2 as at March 2017, the Pound sterling had rallied 6% within a 4-week time frame, after the UK parliament decided to vote and activate the Article 50 while then the Brexit journey began for the UK taking it two years to discuss its planned exit from the EURO bloc.     Gold: The safe-haven asset also spiked higher around the same time frame from mid-March to mid-April 2017 with its price rising about 7% versus the USD. Nevertheless, this scenario didn’t play out on Bitcoin as in March 2017, beginning with its price at $1000, Bitcoin had surged to hit an all-time value of about $1300, as a result of markets expectation for a Bitcoin ETF being endorsed. However, after its nullification was declared on 10th March 2017, the cryptocurrency fell to a low of about $888 which occurred concurrently with the UK’s law passage for its exit from EURO bloc. Ever since then as the UK’s Brexit discussions with the EU raged on, so did the Pound against the US-dollar and Bitcoin gained more to its price.   Bitcoin, Gold, and Pound Sterling Reactions to Brexit During this timeframe transversing Brexit discussion and its process, the Pound lost the majority of its 15% gains recovered, to tumble from a high of $1.43 to hit $1.20 on 3 September. In a similar multi-day timeframe, gold broke out of its basic $1400 resistance level to rally 15% versus the US-dollar. While Bitcoin gained higher, then again, stayed on the level around $8,000—yet the genuine story of those 17 months incorporates the cryptocurrency crashing towards $3,000 (December 2018) preceding the move spiking to a high of almost $14,000 in June this year.   Source: https://learn2.trade     
    • Despite Running To The Highest Close In Six Months, GBPUSD May Fail To Reverse   GBPUSD Price Analysis – October 20 The GBPUSD had closed on Friday above its opening price after recovering from early selling pressure and trending higher for the 4th day consecutively in a row. After failing to reverse from its highs, the FX pair is unstable and due to weekend UK parliament vote on Brexit, with this scenario, the pair is likely to gap while it reopens on Monday morning in Asia (Sunday evening in the US).   Key Levels Resistance Levels: 1.3301, 1.3185, 1.2988   Support Levels: 1.2582, 1.2204, 1.1958   GBPUSD Long term Trend: Bullish On the daily picture, the bulls took charge in the previous session and exited the day above its opening price, however, the pair failed to move past the prior’s day’s trading range and the price likewise failed to reverse below the previous day’s range.   The GBPUSD had rallied upwards to as high as the level at 1.2988 last week, before forming a temporary top there. In the case of a reverse, the fall may be contained by the level at 1.2582 resistance turned support to bring rise resumption.     GBPUSD Short term Trend: Bullish An impermanent top is structured on the level at 1.2988 and intraday bias in GBPUSD stays on the upside. A few consolidations may be seen. Be that as it may, any pullback ought to be contained above the level at 1.2582 support to bring rise resumption.   Meanwhile, on the upside, a break of the level at 1.2988 will stretch out the recovery from the level at 1.1958 to 1.2582 from 1.2204 at 1.3185 next. Without bias analysis, the outlook is bullish and displaying an intact uptrend in the short and long-term.   Source: https://learn2.trade 
    • Date : 21st October 2019. MACRO EVENTS & NEWS OF 21st October 2019.The week ahead will definitely not be a quite one, with high anxiety on Brexit, the last ECB policy meeting before Mario draghi hand over the ECB presidency to Christine Lagarde and few significant US data prior FED on October 30.Monday – 21 October 2019   Producer Price Index (EUR, GMT 06:00) – The German PPI is expected to drop to -0.2% for September. As expected readings would result in a y/y loss of 0.3% for headline PPI, versus a 0.3% pace for August. Tuesday – 22 October 2019   Retail Sales (CAD, GMT 12:30) – Canadian sales are expected to have increased by 0.6% m/m in August compared to 0.4% m/m in July, with the ex-autos component down -0.3%. Existing Home Sales (USD, GMT 14:00) – Home sales have regained their status as an important indicator after the financial crisis and can have a strong effect on the markets. The release is expected to record a slight -0.2% pull-back in September to a 5.480 mln pace, after a bounce to 5.490 mln in August. In Q2, we saw an average sales pace of 5.287 mln, and we expect a better 5.463 mln pace in Q3. Thursday – 24 October 2019   Services and Manufacturing PMI (EUR, GMT 08:30-09:00) – September PMIs showed a marked contraction in manufacturing activity and a sharp slowdown in services sector growth. This picture is likely to be seen again in the preliminary readings for October, as German Manufacturing PMI has been forecast at 40 and composite at 49.2, which it is still below neutral. Meanwhile, Services PMI is expected to fall to 51.2. The overall Markit for Eurozone is seen at 49.4, signalling stagnation and highlighting the risk that the weakness in manufacturing sectors is spreading. Interest Rate Decision, Monetary Policy Statement and Press Conference (EUR, GMT 11:45 & 12:30) – The ECB is widely expected to keep policy settings on hold after Draghi’s parting shot at the last meeting. The outgoing president pushed through another deposit rate cut and an open ended asset purchase program against the opposition of some of the more senior national central bank heads and incoming president Lagarde will face the task of uniting the board and dealing with growing demands for a comprehensive revision of the ECB’s policy setting framework and in particular the inflation target. Draghi’s last press conference meanwhile will likely focus heavily on calls for fiscal measures to boost the economy in a challenging international environment. Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to fall -1.8% in September, after gains of 0.2% in August, thanks to an expected transportation orders drop. Boeing orders rose to a still-lean 25 from 18 in August. Services and Manufacturing PMI (USD, GMT 13:45) – Preliminary Manufacturing are expected to slip in October, to 50.1 from 51.1, while Services PMIs are likely to rise to 51.3 from 50.9, indicating a slowdown in the sector that has been hit by global trade tensions. Friday – 25 October 2019   German IFO (EUR, GMT 08:00) – In September, the German IFO business confidence came in slightly higher than expected at 94.6. In October, however, the overall business climate reading is seen slightly lower at 94.4. The more forward looking expectations reading is anticipated at 91.8 from 90.8. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Perfect Trend Lines, PTL, is a short-term trend trading indicator. The lines showing the trend in this indicator is not straight lines like normal trend lines. PTL indicator calculation is simple. First take the 7 bar high and low, then the 3 bar high and low. If the close price is above the 7 bar high and 3 bar high, then an uptrend is identified. When the close price is below the 7 bar low and 3 bar low then a downtrend is identified. These bars are considered as strong trend bars. The magenta line is the 7 bar high or low depending on the trend. The cyan line is the 3 bar high or low depending on trend direction. When price is trading between these 2 lines trend strength is weak.   A magenta diamond shape appears when sell signal is generated. Cyan diamond shape appears for a buy signal. The magenta line can be used as stop loss. The cyan line provides a tighter stop loss level. Strong downtrend bars are marked by a magenta dot at the bar high and strong uptrend bars are marked by a cyan dot at the bottom of the bar.   PTL.zip
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.