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I am trying to test out the auto-trading feature of
TradeStation 7. However, I have second thought about
putting a new system with a real accout without simulation
runs. Why simulation runs? First, to debug the system
because things seldom works the first time (or more like,
even after many times); second, to see what could go wrong
with the system and develop contigency plan; third, to gain
confidence with auto-trading.
What are some possible solutions to conduct such simulation
runs? Can you suggest one? A possible solution is to use
TradeStation 2000i, TradeBolt, InteractiveBrokers' demo
account along with MetaServer RT.
In the long run, I would like to see TradeStation provides a
demo account, like the one by CyberTrader which feels like a
real account.
TradeStation is selling the idea of auto-trading. And that
is a great idea! One thing that will help realize that
objective to provide a demo account. The demo account
serves a second purpose: Serious traders use it to hone
their trading skills. What will provide TradeStation steady
business, at a low trouble-customer rate, are those
successful active traders who continue to hone their skills
and thus last.
A fellow with a screen name "tachyonv" submitted the idea
for demo account
(http://www.tradestationsupport.com/discussions/Topic.aspx?T
opic_ID=18725). However, as of now, there are only 19 votes
for "Extremely important". If that is important to you as a
TradeStation 7 user to have demo account to develop your
auto-trading system and/or to hone your trading skills, then
cast your votes.
Good trading!
hc
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