Paper Trading
Running a strategy against live market data with simulated money — real signals, real prices, no capital at risk. Paper trading validates the full decision loop (data, signals, orders) before real deployment, and is the standard intermediate step between a good backtest and a live account.
Run a strategy that uses this yourself — free →
Build it from blocks (or type it in English), backtest it on 5.5 years of minute data in seconds, tweak any parameter, then paper trade it on live data. No card, no broker needed to start.
Related terms
BacktestingSimulating a strategy's rules against historical market data to estima…Live TradingA strategy executing with real money in a real brokerage account. The …
Backtests are hypothetical, computed by DeployQuant's engine on minute-resolution consolidated US market data (2021-01-04 to 2026-07-17, $10,000 starting capital, no margin, fees and slippage not modeled) and do not guarantee future results. Nothing on this page is investment advice. Live trading involves risk of loss.