Simulated Trading (SIM)

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

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)

Relevant Links:

How to setup a 2nd instance

Make chart window always visible

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Please be aware that the information contained in this handbook is not intended to be and should not be taken as financial advice. The creator is not a financial advisor and the materials provided should not be relied upon in making any financial decisions. Any actions taken based on the information contained in this handbook are taken at the reader's own risk and the creator will not be held liable for any losses or damages resulting from such actions.

In addition, the creator is not a registered broker or financial advisor in the United States and the materials contained in this handbook do not constitute financial advice or a recommendation to buy or sell any financial instrument. The creator does not endorse or recommend any particular investment strategy and the reader should not rely on any information contained in this handbook as the basis for making any investment decisions.

Furthermore, past performance is not indicative of future results and the reader should be aware that trading futures, crypto, stocks, and NFTs carries a high degree of risk and the possibility of significant losses. The reader should carefully consider their financial situation and seek independent financial advice before making any investment decisions.

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.

Please also be aware that some pages within this handbook may contain affiliate links that pay the creator a small commission at no additional cost to the reader. The inclusion of these links does not constitute a recommendation or endorsement of the products or services being advertised and the reader should carefully evaluate the suitability of any product or service before making a purchase.

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