ExecutionBeginner
4 min read

Set Up a Virtual Account

Create a paper trading account, assign a strategy, and monitor simulated P&L in real time.

Virtual Accounts let you paper trade with real-time signals in a risk-free simulated environment. Unlike live or demo trading, no exchange is involved — the system tracks your hypothetical P&L using actual market prices and your assigned strategy's signals.

1

Navigate to Virtual Accounts

Click Virtual Accounts in the left sidebar.
2

Create a new account

Click Create Account. Fill in:
  • Account name — for your reference
  • Starting Balance — $10,000 recommended for realistic position sizing
  • Leverage — Start at 1×
  • Position Mode — One-way (simpler) or Hedge (allows simultaneous long and short)
  • Margin Mode — Cross (shares margin across positions) or Isolated (separate margin per position)
3

Assign a strategy

On your new account, click Assign Strategy. Search for or select the strategy you've backtested. You can optionally override leverage at the assignment level (e.g. account leverage = 1× but this specific strategy runs at 2×).
4

Monitor your account

The account dashboard shows current balance, unrealised P&L on open positions, and a balance evolution chart over time. Check back daily.
5

Review the trade ledger

Every simulated trade is recorded: entry/exit price, direction, quantity, holding time, P&L. This is your ground truth for evaluating live performance vs. backtest performance.
6

Run multiple strategies simultaneously

Assign multiple strategies to the same account or create separate accounts per strategy for isolation. Separate accounts make it easier to compare strategies without their P&Ls mixing.
7

Enable or disable assignments

Toggle any assignment off at any time without losing its trade history. This is useful for pausing a strategy during high-uncertainty regime periods.

Run a virtual account for at least 4 weeks — ideally through at least one regime transition — before making live trading decisions. A 3-day paper trading run tells you almost nothing about real performance.

Virtual accounts cannot model all live trading risks: exchange-level slippage, API downtime, order rejection, and liquidity constraints are not simulated. Results will be slightly more optimistic than real demo or live trading.

Set Up a Virtual Account · BitPredict