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Practise with simulated accounts

Add a Simulated connection with practice accounts of the size you choose, and know which of its figures are made up.

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Written by Lars Preben Sørsdahl

A Simulated connection holds practice accounts and needs no broker login. Nothing it does reaches a broker, so you can try a signal, a size or a limit before a real account trades it. It is marked SIM.

Add one

  1. In Automation, press + Add connection under Connections in the left column on a desktop, or + Add a connection on the Connections tab on a phone.

  2. Under Broker, pick Simulated. If the form asks Which account should ClearEdge trade? first, press A practice account, which picks it for you.

  3. Fill in Name this connection.

  4. Under Practice accounts, give the account a Name and pick its Account size: $25,000, $50,000, $100,000, $150,000 or $300,000.

  5. Press + Add account for each further account, up to 20.

  6. Press ADD CONNECTION.

An account you leave unnamed is called SIM-1, SIM-2 and so on.

Add a connection with Simulated picked: practice accounts and their sizes

Change them later

Open the connection, then press Settings on a desktop, or the cog and Connection settings on a phone. Under Practice accounts you can:

  • rename an account and set its Loss limit and Profit target, then press Save;

  • pick a size under Reset to… and press Reset, which puts that account's balance back to the size;

  • press Add a practice account, or remove the last account with the button that names it. An account can't be removed while agents trade on it.

Above them, Practice costs set the slippage and commission the connection's fills pay: Practice costs.

What is made up, and what isn't

  • The money. Each account starts at the size you chose, and its balance carries on from day to day until you reset it.

  • The prices. An order fills at the price the signal sent: for your own TradingView alerts, the chart's price as the alert fired. With Practice costs on, it fills a few ticks away from it, and pays commission. A trade whose signals carry no price adds nothing to the balance, and a test signal fills at a small random price: Test a signal.

  • No market prices. An open position shows no running profit or loss, and a take profit or stop loss never fills, so a position stays open until a signal or a flatten closes it. A closed trade's result goes into the balance.

  • No market hours. Practice accounts fill even while the exchange is shut.

What the service decides works as it does on a broker account: which accounts trade a signal, at what size, and what your limits and Anti-hedging refuse. That is what practising tests.

Still stuck? Press Help in the app: Leeloo, the AI assistant, answers from these articles, and the team is one click away.

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