Trading in a Simulated (SIM) environment
Tip: Ensure the Control Bar has a Live / Sim button. When the button is colored trading is Live.
Typically uses for simulated trades:
- practice strategy
- back test trading ideas or past trades
- learning or execution practice
Tip: One method to simultaneously trade SIM and another account is to run two copies of Sierra Chart. Download a second copy of Sierra chart and name it “SierraChart2. Tutorial HERE and with this second copy can be trade one SIM.
Best Practices When Trading SIM
Because it’s common for traders to switch between Live accounts and simulation, it’s best to avoid technical errors. A few measures:
Color the trader order window different colors between Live and SIM
- Title Bar: Global Settings > Graphics Settings
- Change the color of Chart Trade Window Background Live to differentiate from Chart Trade Window Background SIM
Use a Live/SIM button in the Control Bar
How to customize the control bar: CLICK HERE
A SIM/LIVE toggle button can be customized on the control bar. This is very useful for quickly switching between a live and simulated account
Clearing SIM trade data
- Title Bar: Trade > Clear Trade Simulation & Order Data
Trading Live & Sim simultaneously
One option to trade live and simulation at the same time is to use two instances of Sierra Chart. Switch one instance to SIM.
Multiple SIM accounts
- Title Bar: Global Settings > General Trade Settings > General
- Number of Simulation Accounts: (Up to 1000)
Make chart window always visible
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The creator of this handbook is not an expert and the materials contained within are provided for educational and entertainment purposes only. No material contained in this handbook suggests a specific method or strategy for investing or trading, and under no circumstances should anything contained in this handbook or any related materials be considered as financial advice.
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