Skip to main content

Paper Trading

Overview​

Paper Trading allows you to simulate trading strategies using virtual money while leveraging real market data from your broker. This provides a risk-free environment to test and benchmark trading strategies through the MesoLive interface.

Paper Trading uses the same workflow as live trading - the only difference is selecting your paper account instead of a live brokerage account during position creation.

Creating a Paper Trading Account​

  1. Navigate to Paper Trading: Click More / Paper Trading in the top navigation bar.
  2. Create Account Click Create Paper Account and configure:
Create Paper Account Dialog
Account Limits
  • Maximum accounts per user: Retail: 1, FundPro: 10
  • Account ID format: MP-xxxxxx
  • Data source: Your data connection / broker

  1. Account Management

    Use the Settings button to:

    • Adjust commission rates for different cost scenarios
    • Reset account to starting balance (clears all positions and history)
    • Delete account permanently. Use this if you need a new account.
Account Settings Dialog

Using Paper Trading​

Creating Positions​

The workflow is identical to live trading except for account selection:

  1. Navigate to Strategies page
  2. Click Add Position for your desired strategy
  3. Select your paper account (ID: MP-xxxxxx) instead of live account
  4. Follow the normal build → submit → execute workflow
  5. In the last steps you can enter the fill prices for the Legs
Paper Account Selection
Paper Set Fill Price

Monitoring and Management​

Paper positions appear alongside live positions with clear account identification. All monitoring, adjustment, and liquidation procedures are identical to live trading:

  • Real-time P&L and Greeks tracking
  • Position adjustments (add/remove/move legs)
  • Liquidation procedures
  • Performance analysis