Trading Simulation Software

UKtradergirl · Nov 8, 2008

Can anyone recommend a good trading simulator for forex and/or indices? At the moment i'm just scrolling through historical prices and writing everything down manually. I want something a bit more realistic and also that can take into account trading costs (spreads).

I am looking at this at the moment: Tick-by-tick currencies, futures, stocks Day Trading Simulator- Learn to day-trade currencies, futures, stocks

Is it worth paying for something (the above is $100) or is there any good free ones? (i only use basic indicators)

rawrschach · Nov 8, 2008

Trading Platform

Don't pay for demo software.

With this you'll have real time prices and charts and put in your orders as if you were trading for real.

Trader333 · Nov 9, 2008

Why not try using the IB demo platform as it is very good (in my view) and costs nothing and uses real data (although delayed) but it would allow you to test your strategies. It is a direct access platform and here is the link:

http://www.interactivebrokers.com/en/p.php?f=tws&p=d&ib_entity=llc

If you needed any help in using it then let me know

Paul

UKtradergirl · Nov 9, 2008

Trader333 said:
Why not try using the IB demo platform as it is very good (in my view) and costs nothing and uses real data (although delayed) but it would allow you to test your strategies. It is a direct access platform and here is the link:

http://www.interactivebrokers.com/en/p.php?f=tws&p=d&ib_entity=llc

If you needed any help in using it then let me know

Paul

I was looking for something that will allow me to replay the market as if it was live... see each bar forming etc. I think i'll just end up sticking to demo platforms and practise the market as it happens.

Thanks for the advice- i'll check out your recommendations.

fifty2aces · Nov 9, 2008

UKtradergirl said:
I was looking for something that will allow me to replay the market as if it was live... see each bar forming etc. I think i'll just end up sticking to demo platforms and practise the market as it happens.

Thanks for the advice- i'll check out your recommendations.

Ninjatrader will do this, though you need to set up the software to record during market hours. It's free for sim if you get a demo account with mirus or amp futures.

Esignal does replay without the need to record, but it's not free.

shadowninja · Nov 9, 2008

NinjaTrader can generate random data to trade with but... it's completely random. You can set gentle and solid trends but it isn't the same. That said, you could roll a 1D10 dice every 10 minutes to decide on the short term trend.

1-2: hard fall
3-4: gentle fall
5-6: ranging
7-8: gentle rise
9-0: hard rise

How ADND. The character class "ninja" would be apt, I guess.

UKtradergirl · Nov 9, 2008

Thanks. Think i will try ninjatrader.

shadowninja · Nov 9, 2008

As you can imagine, it won't follow support and resistance levels.

mr.marcus · Nov 9, 2008

shadowninja said:
NinjaTrader can generate random data to trade with but... it's completely random. You can set gentle and solid trends but it isn't the same. That said, you could roll a 1D10 dice every 10 minutes to decide on the short term trend.

1-2: hard fall
3-4: gentle fall
5-6: ranging
7-8: gentle rise
9-0: hard rise

How ADND. The character class "ninja" would be apt, I guess.

....the markets are anything but random...in fact trading is about revealing "order" in "apparent" randomness..order being the transparency of numpty behaviour...."apparent" being the skills levels needed in revealing such.it is not possible to reveal order from absolute randomness....hence nonsensical.

shadowninja · Nov 9, 2008

Yep. That's why Ninjatrader isn't actually very useful despite being useful on face value.

fifty2aces · Nov 9, 2008

shadowninja said:
Yep. That's why Ninjatrader isn't actually very useful despite being useful on face value.

You know it can replay actual market data as well as producing random data, right? Obviously the random data would be useless for anything other than learning how to use the platform.

shadowninja · Nov 9, 2008

fifty2aces said:
You know it can replay actual market data as well as producing random data, right? Obviously the random data would be useless for anything other than learning how to use the platform.

Yes, as someone mentioned above, but that requires signing up to someone for the data... the cheapest/easiest option is the random data. That's all I was talking about.

PKFFW · Nov 10, 2008

I have recorded almost every trading day from the start of April this year up to now on the S&P 500 futures index.

If that is any help to you I will work out how to export the data and compress it and email it to you.

PM me if you want it.

Cheers,
PKFFW
P.S Forgot to mention, it was recorded using NT and obviously could be played back tick by tick in NT

Trading Simulation Software

UKtradergirl

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rawrschach

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Trader333

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fifty2aces

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shadowninja

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UKtradergirl

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