Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Did anyone has experienced anomalies on IB paper trading acct? I recently had a 15 ticks slippage on 10 CL contracts on a sell stop order…one contract was correctly filled and the other nine contracts were filled at a 15 ticks difference…there was no high volatility at that moment and it happened twice.
IB support told me that this shouldn’t happen on a real acct except that during high volatility (i.e. major announcements, black swan events, etc.).
However, I was wondering about IB forward testing new strategies on a paper trading account. How one can trust the results?
Can you help answer these questions from other members on NexusFi?
I hope this old post finds you well Did you open an account with them? The difficulties I'm experiencing are much more than what you suffered from the IB paper account. For me:
-The orders I place on the web account does not accessible for setting Take-profit in the TWS, they look like canceled accounts in TWS?!
-Orders do not close in profit when there is a sudden movement in the price in your favor when you are day trading with a position that you may close in front of your eyes when it reached an end of movement in the direction that started moving. e.g. I opened a position with 25K and 50K in spot Forex and the target would be close to the position in 40 PIP in normal condition, but the price moved fast because of news, etc, etc and it reached the Take-Profit target in a minute. I tried to close the positions in the demo, the platform gave me an error that can't process the orders?! When the price reverted back to loss, I had no problem closing them manually without any error. Thus I would suspect they are testing some techniques on the paper accounts to master it for real accounts I guess!
Did you open an account with them? The difficulties I'm experiencing are much more than what you suffered from the IB