TSim+ is a free trading simulator and live order management front end for day trading with an Interactive Brokers account. It uses live prices direct from the stock market or futures market to enable you to 'paper trade' by simulating Buy and Sell orders. By offering an electronic trading interface with live prices, TSim+ provides a realistic day trading experience, but without risking capital in the market.
I tried some of the other TWS APIs but I trade mainly stocks and they all seem geared up for futures. This one does stocks properly, and has no trouble with having different positions open at the same time which is what I need. I also like the eSignal linking. It is quite big and might take up too much room if you only have one monitor or a low resolution.
I cannot properly comment on the support because I have not really needed it it is pretty easy to use and the instructions are all on the website. I did send them one question by email and they replied the same day which is always a good sign.
In summary, it does everything I need, is miles easier to use than TWS, and has not broken on me yet so I am happy with it especially considering that it is free which is my favourite price.
Great! Really simple visually, compared to so many other simulators that assume a lot of familiarity with the arcane world of market orders. But it would be good to see some additional features like onscreen p/l display, and ability to display the log on a button press. Also nb is the ability to resize the window.
I'd like to see stop and limit orders added, but in such a way that they only become available when they are selected by the user. This way the screen would remain visually simple, until one is ready for more complexity. Putting the use of any added features under the user's control is VERY high on my list.
Really helpful for testing out strategies and trying out trades that you are not certain enough about to go live on.
The ability to move between live and sim modes is wonderful and the log a real help when looking back on trades.
TSim is a simulator that uses a Futures feed from IB, and has a lot of useful functions including working out the profit for the session before and after commissions. The average win and loss for the session, and a lot of other useful functions.
You can buy in and have a stop and target automatically set for you. This is really useful as to do the same thing in TWS is a nightmare.
TSim has now got a live mode for trading the market direct, and this has made my life a lot easier.
Overall, a great program that I cant fault.
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