When selecting a trading simulator that includes features like replay functionality, post-market capabilities, and support for trailing stop orders, there are several popular options to consider:
TradingView: Known for its user-friendly interface and extensive market analysis tools, TradingView offers a paper trading feature that supports trailing stop orders. Although it primarily focuses on real-time market data, it also offers some replays of past market sessions, depending on your subscription level.
Thinkorswim (by TD Ameritrade): This platform is robust with a wide array of features suitable for traders of all levels. Its “OnDemand” feature allows traders to replay and practice trading strategies with historical market data. Thinkorswim also supports advanced order types, including trailing stops.
NinjaTrader: This is a preferred choice for many traders looking for a more customizable experience. It offers a “Playback” feature that lets you trade on historical data, replicating real-time market conditions. It also fully supports various types of orders, including trailing stops.
TradeStation: With its comprehensive suite of analytical tools, TradeStation not only supports trailing stop orders but also provides a platform for back-testing and simulating trades via historical data. It’s an excellent choice for those looking to explore post-market trading functionalities.
MetaTrader 4/5: Primarily known in the forex and CFD markets, MetaTrader platforms have simulation features through strategy testers. They support a wide array of order types, including trailing stops, although replay functions might require additional plugins or configurations.
Choosing the right simulator often depends on your trading needs and the specific markets you want to trade. It’s beneficial to experiment with a few platforms to determine which one aligns most closely with your strategy and preferences.
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