Sim Account realistic?

[guillembm]

Hello,

I've been simulating with Sim account and with TWS Paper Trading. Both react in a different way with enter and exit limit orders and I wonder what is more realistic.

As an example, when I put an enter long limit order with TWS simulator it takes longer to take the position or it doesn't take it but with NT Sim account it does it much faster.

So, What is more realistic?

[NinjaTrader_Jason]

Hello guillembm,

The sim101 account is a NinjaTrader account so the order remains internal which likely causes the order to be filled quicker.

You can configure delays as per the sim101 account for a more realistic approach. Please go to Control Center-->Tools-->Options-->Simulator-tab. More information can be found at the link below.

http://www.ninjatrader.com/support/helpGuides/nt7/simulator_tab.htm

[guillembm]

Thanks. But, what would be a realistic delay?

[NinjaTrader_Jason]

Unfortunately I am not sure. This can be different for each user. If you already trade live, I suggest to check how long it takes to submit an order to your broker and have it executed. Take the average and use it for the simulator.

[guillembm]

But it's not only about delays.

As an example: if I have a Exit Short limit order set to 78.08 for USDJPY and the currency pair price is at 78.08 or lower with NT Sim account the position is immediately exited but with TWS I have to wait till the price is at least at 78.07 or lower for the position to exit.

What is the right one?

[NinjaTrader_Jason]

A sell limit order will fill at the bid price. If the last traded price is below the sell limit order, it will not execute the order. Could it be you refer to a sell stop limit order?

I am not sure why you need to wait for a price of 78.07 in TWS. Orders will execute when the market hits the order price.

[guillembm]

I was talking about a ExitShortLimit order.

On that sense I think that NT Sim account is more realistic. In Forex and trading high volume pairs when the price hits the same than the ExitShortLimit order, the order should be filled.