TradeWorms
Paper trading bot: test before going live
Every TradeWorms build starts in paper-trading mode. The engine observes market data and simulates execution so you can inspect its behavior without placing real orders.
Paper trading, backtesting and sandboxes
A backtest replays historical candles. Paper trading observes the market as it unfolds and records simulated trades. An exchange testnet or a broker paper account exercises a provider's practice environment. These are complementary checks, not interchangeable evidence that live trading will succeed.
Paper fills cannot fully reproduce queue position, liquidity, latency, partial fills or changing spreads. A simulation that appears orderly may behave differently when actual orders compete in the market. Treat discrepancies as questions to investigate rather than details to ignore.
What to inspect during a rehearsal
Review when signals appear, how positions are sized, and whether the configured daily-loss and drawdown controls halt activity as expected. Read the logs for missing candles, rejected connections and restarts. Run long enough to observe different sessions rather than drawing conclusions from a few trades.
Check your selected symbols and account permissions independently. Keep test credentials and live credentials separate where possible. Pro and Institutional include a web dashboard; Institutional also includes the read-only live trading desk for account balances, positions, P&L and execution fills.
Switching to live mode is deliberate
First run the read-only live-check command. Real trading then requires explicit live configuration, the live run flag and the exact typed phrase I ACCEPT LIVE TRADING RISK. The defaults include a $500 order-notional cap, 20 orders per hour and five open positions; review them for your own account and instruments.
Those controls are safeguards, not a loss guarantee. Price gaps, slippage, network failures and strategy errors remain possible. You do not have to enable live trading to use the software, and past or simulated performance does not guarantee future results.
TradeWorms sells trading software, not investment advice. Algorithmic trading involves substantial risk of loss and is not suitable for every investor. Past or simulated performance does not guarantee future results.