Is IB Simulated Account (PaperTrade) reliable?

Discussion in 'Retail Brokers' started by Trader_Herry, Jul 24, 2006.

  1. TWS looks unstable and unreliable.

    LIT orders
    I don't know why it can be set only through Rapid Order Entry (Stocks)
    I could not find LIT even if I select SMART routing or in the supported market (said in IB website)
    [​IMG]

    MKT and MKT PRT
    Again these orders do not take the ASK immediately but keep flagging "blue" in the status. They didn't execute at all.
    [​IMG]

    What's up?
    Thanks! :)

    PS: I haven't opened an account yet.
    I just use the DEMO account to try out TWS features.
    I wonder if the real simulated account (PaperTrade) reliable.

    Can anyone answer me?
     
  2. For futures - pretty close to the real thing.

    For stocks - notice some delays.
     
  3. Not just the delays problems.

    But the features are broken!
    How could I test my strategy if the features don't work?
     
  4. cvds16

    cvds16

    there is a difference between the demo account and the papertrading account, both are far from the same.
     
  5. I know they may be different.
    That's the reason of this post!!!

    How reliable the PaperTrader is??
    Similar to demo version (buggy version) ?? :(


    Can anyone comment on this?
    Or no one even try PaperTrader :confused:
     
  6. ddunbar

    ddunbar Guest

    Some features are unavailable in the demo. Certain securities, order types, and order qualifiers.
     
  7. cvds16

    cvds16

    papertrading is as good as the real thing, demo sucks all the way
     
  8. Hey, ddunbar.
    How reliable the PaperTrader is??
    Is it reliable to test strategies and familiarise the platform features through PaperTrader?
    Can you comment a bit on this?

    Thanks! :)
     
  9. ddunbar

    ddunbar Guest

    Yes, it's reliable for testing strategies to a point. It's best used for understanding order types and familiarizing yourself with the setup. I wouldn't use it as a true indication of real world fills. It is after all, simulated.

    Futures fills are very close if not the same as actual fills. Idealpro fills are similiar to real fills during "quiet times." I don't trade stocks, so I have no idea how good the sim fills are given that it's not just simulating a fill but also smart routing.
     
  10. I can't get this image out of my head of you being some sort of Sambo character when you say this stuff.
     
    #10     Nov 10, 2007