Test Your Strategies With Our Trading Simulator | TradeStation (2024)

TradeStation Securities, Inc. is an SEC-licensed broker dealer and a CFTC-licensed futures commission merchant (FCM), and a member of FINRA, SIPC, CME, NFA and several equities and futures exchanges, which offers to self-directed investors and traders Equities accounts for stocks, exchange-traded products (such as ETFs) and equity and index options, and Futures accounts for commodity and financial futures and futures options (TradeStation Securities does not offer Crypto accounts).

TradeStation Crypto, Inc. is neither a securities broker dealer nor an FCM, and offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses (TradeStation Crypto is not a member of FINRA, SIPC, CME, NFA or any equities or futures exchange, and does not offer Equities or Futures accounts).

TradeStation Technologies, Inc. is a software development company which offers analytics subscriptions that self-directed investors and traders can use to chart, analyze and design back-tested strategies for Equities, Options, Futures, Forex and Crypto markets (TradeStation Technologies is not a financial services company).

You Can Trade, Inc. is an online educational, news and entertainment media publication service that seeks to provide to the public a marketplace of potentially actionable investment and trading content, ideas, demonstrations and informational tools. You Can Trade is not an investment, trading or financial adviser or pool, broker-dealer, futures commission merchant, investment research company, digital asset or cryptocurrency exchange or broker, or any other kind of financial or money services company, and does not give any investment, trading or financial advice, or research analyses or recommendations, or make any judgments, hold any opinions, or make any other recommendations, about whether you should purchase, sell, own or hold any security, futures contract or other derivative, or digital asset or digital asset derivative, or any class, category or sector of any of the foregoing, or whether you should make any allocation of your invested capital between or among any of the foregoing.

TradeStation Crypto accepts only cryptocurrency deposits, and no cash (fiat currency) deposits, for account funding. In order for you to purchase cryptocurrencies using cash, or sell your cryptocurrencies for cash, in a TradeStation Crypto account, you must also have qualified for, and opened, a TradeStation Equities account with TradeStation Securities so that your cryptocurrency purchases may be paid for with cash withdrawals from, and your cryptocurrency cash sale proceeds may be deposited in, your TradeStation Securities Equities account. Therefore, if you want to open a TradeStation Crypto account, you must also have an Equities account with TradeStation Securities. This cash in your TradeStation Securities Equities account may also, of course, be used for your equities and options trading with TradeStation Securities.

TradeStation and YouCanTrade account services, subscriptions and products are designed for speculative or active investors and traders, or those who are interested in becoming one. No offer or solicitation to buy or sell securities, securities derivative or futures products of any kind, cryptocurrencies or other digital assets, or any type of trading or investment advice, recommendation or strategy, is made, given or in any manner endorsed by any TradeStation Group company, and the information made available on or in any TradeStation Group company website or other publication or communication is not an offer or solicitation of any kind in any jurisdiction where such TradeStation Group company or affiliate is not authorized to do business. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, futures options, or crypto); therefore, you should not invest or risk money that you cannot afford to lose. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system, platform and software errors or attacks, internet traffic, outages and other factors. The trademarks “TradeStation®,” “YouCanTrade” and “SheCanTrade,” as well as other trademarks, domain names and other proprietary intellectual property of TradeStation Group companies, are owned by TradeStation Technologies. The proprietary TradeStation platform is offered by TradeStation Securities for Equities (including equity options) and Futures trading. TradeStation Crypto offers its online platform trading services, and TradeStation Securities offers futures options online platform trading services, through unaffiliated third-party platform applications and systems licensed to TradeStation Crypto and TradeStation Securities, respectively, which are permitted to be offered by those TradeStation companies for use by their customers.

Please also read carefully the agreements, disclosures, disclaimers and assumptions of risk presented to you separately by TradeStation Securities, TradeStation Crypto, TradeStation Technologies, and You Can Trade on the TradeStation Group company site and the separate sites, portals and account or subscription application or sign-up processes of each of these TradeStation Group companies. They contain important information, rights and obligations, as well as important disclaimers and limitations of liability, and assumptions of risk, by you that will apply when you do business with these companies.

Test Your Strategies With Our Trading Simulator | TradeStation (2024)

FAQs

Test Your Strategies With Our Trading Simulator | TradeStation? ›

You don't have to risk a single dollar with our trading simulator — try out new ideas and advanced strategies using simulated virtual currency. Choose between real-time or back-testing tactics with one of the industry's largest historical market databases.

Where can I backtest my trading strategy? ›

Here's an example of one of the methods:
  • Navigate to the indicators and trading systems window.
  • Select the trading system you want to backtest.
  • Open the trading system and input your test parameters.
  • Run your test and analyse the results.
  • Optimise by testing different input parameters (eg stop-loss values and limit orders)

How to simulate trading strategies? ›

Paper trading is a form of simulated trading, where traders practice their skills using hypothetical trades and no real money is at risk. It is a great way for new traders to gain experience and develop their trading strategies without the risk of losing real money.

What is the most realistic trading simulator? ›

Review of the Best Day Trading Simulators
  • StocksToTrade Paper Trading — The Best Overall Day Trading Simulator.
  • Thinkorswim paperMoney — The Well-Rounded Day Trading Simulator.
  • TradeStation Simulator — The Options and Futures Trading Simulator.
  • NinjaTrader Simulator — The Most Realistic Futures Trading Simulator.
Oct 24, 2023

How do you test a TradeStation strategy? ›

To test-trade your strategy, you can automate the strategy so it automatically generates new entry and exit signals as they occur. You can then evaluate exactly where the trades occurred and at what price. For more information, see Automating a Strategy.

How can I backtest my trading strategy for free? ›

How to manually backtest a trading strategy?
  1. Clearly define a trading plan and in-depth strategy. A trading plan is developed based on the financial market, trading period, risk level, profit targets, general entry-exit levels, etc. ...
  2. Specify a financial market and timeframe. ...
  3. Begin the backtesting of strategy.

What is the best free website to backtest trading strategies? ›

Here are a few of the best options: TradingView: TradingView is a popular platform for technical analysis and charting. It also offers a backtesting feature that allows users to test their trading strategies on historical data. Sensibull: Sensibull is a platform that offers options trading strategies and backtesting.

What is the most profitable trading strategy? ›

Three highlighted profitable forex trading strategies are: Scalping strategy “Bali”, Candlestick strategy “Fight the tiger”, and “Profit Parabolic” trading strategy. How to choose: Choose a forex trading strategy based on backtesting, real account performance, and market conditions.

What is the simplest most profitable trading strategy? ›

One of the simplest and most widely known fundamental strategies is value investing. This strategy involves identifying undervalued assets based on their intrinsic value and holding onto them until the market recognizes their true worth.

What strategy do most traders use? ›

Top 10 Most Popular Trading Strategies
  • Trading Strategy #1 – Buy and Hold. ...
  • Trading Strategy #2 – Value Investing. ...
  • Trading Strategy #3 – Swing Trading. ...
  • Trading Strategy #4 – Momentum Trading. ...
  • Trading Strategy #5 – Scalping. ...
  • Trading Strategy #6 – Day Trading. ...
  • Trading Strategy #7 – Positions Trading.
Feb 23, 2023

Where can I practice my trading strategy? ›

Simulated trading can help novices and experts alike hone their strategies. You can access TradeStation's trading simulator on desktop, web, and mobile devices, so you can try out a new idea as soon as it comes to mind. Open an account today to start leveling up your skills.

Are trading simulators worth it? ›

Key Takeaways

For beginning investors, stock simulators are a great way to develop investing skills. Experienced investors use simulators to evaluate trading strategies before trying them in the real world. Try a stock market simulation competition to test your skills against real opponents with fake money.

What trading platform do rich people use? ›

Based on our analysis, Charles Schwab is the best broker for self-directed high net worth investors.

How long should I test my trading strategy? ›

When you are backtesting a day trading strategy (15-minute timeframe or lower), it is usually enough to go back two to three months and start your backtest there. When you are backtesting a strategy on a higher timeframe, you will have to go back 6 to 12 months.

How many times should you test a trading strategy? ›

Aim for at least 200 trades in your backtest, but 500-600 offers even greater reliability for informed decision-making. Beware of "Data Fatigue": Excessively long backtests can mislead you by including drastically different market regimes.

Does TD Ameritrade have backtesting? ›

Once your account moves into backtesting mode, you can select the date and time and trade a simulated $100,000 account. Image source: The thinkorswim® platform from TD Ameritrade.

How far back should you backtest a trading strategy? ›

When you are backtesting a day trading strategy (15-minute timeframe or lower), it is usually enough to go back two to three months and start your backtest there. When you are backtesting a strategy on a higher timeframe, you will have to go back 6 to 12 months.

Is there any free backtesting software? ›

BacktestZone is a free-to-use no-code backtesting platform that helps beginner and professional traders backtest any number of trading strategies in minutes.

How do you backtest a trading strategy without coding? ›

Formulate Define the parameters of your hypothesis
  1. Specify the financial assets and metrics in the hypothesis you are backtesting.
  2. Define the timeframe of historical data you plan to backtest.

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