Strategy Field

Allow live trading

The Allow live trading option gives strategy owners control over whether their strategy can be used with live broker accounts. When this option is disabled, subscribers will only be able to use paper trading accounts with the strategy.

Why Use This Option?

This setting is important for strategy owners who want to:

  • Test their strategy thoroughly before allowing live trading
  • Ensure the strategy is properly validated with paper trading first
  • Maintain control over how their strategy is used by subscribers
  • You want to run a discretionary trading strategy for prop firm trading and you want to allow auto submit but disallow live trading

How It Works

  • Enabled (default): Subscribers can connect the strategy to both paper and live broker accounts
  • Disabled: Subscribers can only use paper trading accounts with this strategy

When disabled, any attempts to connect the strategy to a live broker account will be rejected with a validation error explaining that the strategy only allows paper trading.

This feature provides an important safety mechanism, allowing strategy owners to thoroughly validate their strategy's performance before enabling live trading capabilities.

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Paper account for testing

TradersPost operates as a non-custodial automated trading platform, enabling users to connect alerts from their preferred trading platforms to their selected brokerage or exchange accounts. It abstains from the transmission, custody, or management of customer funds, covering both traditional and cryptocurrency assets. Typically, registration requirements set by regulatory entities such as the SEC, FINRA, or FinCEN apply to entities that hold or transmit customer funds. To ensure ongoing compliance, TradersPost regularly engages with regulatory authorities to confirm its adherence to all relevant local and federal laws.

TradersPost does not provide alerts, signals, research, analysis, or trading advice of any kind. It is designed to assist traders and investors in making their own trading decisions based on their alerts. The platform does not offer recommendations regarding securities to buy or sell, nor does it provide trading or investing advice. The platform and its features, capabilities, and tools are provided 'as-is' without any warranty.

Risk Disclosure: The use of automated trading systems involves inherent risks, including the potential for significant financial loss. These systems operate based on predetermined algorithms that may not fully adapt to changing market conditions, possibly making them unsuitable for some investors. Individuals are advised to thoroughly assess their financial situation and risk tolerance before using this platform.

Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

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