What does "simulated" mean

[mcteague]

In the Strategy Action dialog box for stops and targets, what does the "Simulated" T-F mean?

I definitely want to make sure my strategies are "simulated" and not live at least until I test them. And know what I am doing

However I still need to have my normal charts open and be looking at the market . So in addition to explaining "simulated" please tell me how best to test without anything horrible occurring. Thanks

[NinjaTrader_Matthew]

Hello,

A "Simulated" stop order is an order that is held locally on your computer and not submitted to a broker when you are trading live. This is used to "Hide" the order from the market until it has been triggered to submit. You can read more about this order type from the following link:

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

When you are backtesting, or trading on the Sim101 account, all orders are Simulated and will not be submitted as live.

To ensure that your strategy is not placing live orders during your testing, you will want to go to the File menu and check "Global Simulation Mode" which will lock your strategy into the Sim101 account.

[mcteague]

"When you are backtesting, or trading on the Sim101 account, all orders are Simulated and will not be submitted as live."

Well thank God for that! I appreciate the reply. Thanks