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Demo and live account in parallel
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Demo and live account in parallel

 
Trading Apprentice
Switzerland
 
Futures Experience: Beginner
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Posts: 9 since Feb 2014
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Demo and live account in parallel

Hi guys,

I am running a live account with TradeStation trading the Larry williams Oil Strategy. At the same time, I have developed some of my own strategies and would like to test and optimize them on TradeStation. Is there a suggested method to log into a demo account and test at the same time that I have the live account running?

The following user says Thank You to confusedxx for this post:
 
 
Site Administrator
Manta, Ecuador
 
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confusedxx View Post
Hi guys,

I am running a live account with TradeStation trading the Larry williams Oil Strategy. At the same time, I have developed some of my own strategies and would like to test and optimize them on TradeStation. Is there a suggested method to log into a demo account and test at the same time that I have the live account running?

I bet @kevinkdog can advise.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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Market Wizard
Cleveland Ohio/United States
 
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confusedxx View Post
Hi guys,

I am running a live account with TradeStation trading the Larry williams Oil Strategy. At the same time, I have developed some of my own strategies and would like to test and optimize them on TradeStation. Is there a suggested method to log into a demo account and test at the same time that I have the live account running?

You can test and optimize at the same time you are running live, just open a new chart and have at it.

You can't run demo and live at the same time, unless you have two platform logins.

Demo is not good at all for evaluating a strategy, anyway.

If you still have questions, please ask.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
The following 2 users say Thank You to kevinkdog for this post:
 
 
 Vendor: sentimentrader.com 
Tulsa, OK
 
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kevinkdog View Post
You can test and optimize at the same time you are running live, just open a new chart and have at it.

You can't run demo and live at the same time, unless you have two platform logins.

Demo is not good at all for evaluating a strategy, anyway.

If you still have questions, please ask.

Why would Tradestation 'demo' not be good for eval? It's the same data isn't it? Why would there be a difference?

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ericbrown View Post
Why would Tradestation 'demo' not be good for eval? It's the same data isn't it? Why would there be a difference?

FILLS. Demo will not fill the orders like Live will.

The following user says Thank You to tturner86 for this post:
 
 
 Vendor: sentimentrader.com 
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tturner86 View Post
FILLS. Demo will not fill the orders like Live will.

Ok....but if you are backtesting on the TS live account, you are still using 'sim' for fills, right?

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Market Wizard
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ericbrown View Post
Ok....but if you are backtesting on the TS live account, you are still using 'sim' for fills, right?

Backtest and sim are 2 different animals.

One example: you can backtest with a setting "fill limit orders only when price is exceeded" (as opposed to "fill if touched")

So if you backtest with this setting, you won't get limit fills unless your price is exceeded. Now say you run this strategy "live" without adjusting any settings. Going forward it will show limit orders filled as soon as the price is touched. But, if you refresh the chart, the trade will disappear since the backtest rules now apply.

I probably should not have brought up this issue, since the OPs question wasn't directly about this, but I get scared when it sounds like people are using SIM in Tradestation to evaluate a strategy. SIM is good for order testing, etc., but not for P/L evaluation.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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Site Administrator
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Big Mike's Avatar
 
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A great webinar by @kevinkdog that covers some of these basics:

https://futures.io/webinars/mar5_2013/developing_an_algorithmic_trading_system_kevin_davey/

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following 3 users say Thank You to Big Mike for this post:
 
 
 Vendor: sentimentrader.com 
Tulsa, OK
 
Futures Experience: Advanced
Platform: Tradestation, TOS, Python
Broker/Data: IQFeed, Tradestation, TOS
Favorite Futures: ES, SPY, Options
 
ericbrown's Avatar
 
Posts: 201 since Jan 2011
Thanks: 339 given, 238 received


kevinkdog View Post
Backtest and sim are 2 different animals.

One example: you can backtest with a setting "fill limit orders only when price is exceeded" (as opposed to "fill if touched")

So if you backtest with this setting, you won't get limit fills unless your price is exceeded. Now say you run this strategy "live" without adjusting any settings. Going forward it will show limit orders filled as soon as the price is touched. But, if you refresh the chart, the trade will disappear since the backtest rules now apply.

I probably should not have brought up this issue, since the OPs question wasn't directly about this, but I get scared when it sounds like people are using SIM in Tradestation to evaluate a strategy. SIM is good for order testing, etc., but not for P/L evaluation.

Thanks...makes sense. Personally, I see this being more of an issue with backtesting process, rules and rather than TS 'live' vs 'demo' mode and one being better/worse than another. That said...i mis-read your original comment to mean the TS demo account was 'bad' in some way due to data differences, etc.

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Trading Apprentice
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Posts: 9 since Feb 2014
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Thanks guys

I was actually referring to back testing to ensure code executed as expected and to see what I could possibly expect ad p/l given the markets I was planning to use. Following successful back testing, I wanted to run in sim mode. I do not want to risk real money with a newly crafted idea and strategy until seeing how it performs for a month or two in sim mode. I need to read the link provided above on this topic to learn.

How do you suggest I "live test" a strategy with live market data but on a simulated account ( basically paper trade)? I realize slippage and touching vs exceeding a price is a point of consideration, but I really want to test out my ideas on the best possible way in a live but simulated trading account. Finally, it seems that is also not possible with TradeStation. Meaning I cannot run my live strategies with real money and also use a simulated account in parallel? Any suggestions for how to better tackle this

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