Paper Trading lets you place market or limit orders — with optional take-profit and stop-loss — that fill against the *live* price going forward, not against historical data. It is forward-testing, not a backtest: there is no rewind, only "from now on".
Every paper order lives on a dedicated paper account, created automatically the first time you open the page. A background job checks the live price every few minutes: it fills your market orders at the current price, fills limit orders once the price crosses your trigger, and closes a position the moment its take-profit or stop-loss is hit. When a position closes, it becomes a normal trade on the paper account — so your win-rate, expectancy, R-multiple and every Onyx detector run on the simulation exactly as they would on real trades.
Because the paper account is separate, none of this ever touches your real numbers. Your real Übersicht, your real Muster and the AI coaching all stay scoped to your real account; the paper account is its own world you can switch into from the account selector.
Order statuses. *Pending* — placed, waiting for the fill condition (a limit price, or the next price read for a market order). *Open* — filled, now riding toward its take-profit or stop-loss. *Closed* — hit an exit; the reason (TP or SL) is shown and a trade has been written to the paper account. *Cancelled* — you cancelled it before it filled (only pending orders can be cancelled).
What's idealised, and what isn't. Fills are friction-free: no spread, no slippage, no commission. So a paper edge is the *optimistic* version of the real one — treat a strategy that barely works on paper as one that will not work live. What *is* honest is the behaviour: the same impatience, the same oversized position, the same revenge re-entry will show up in your paper Muster, because the Onyx-Engine reads the simulated trades the same way.
Read it on the paper account, not here. This page is for placing and tracking orders; the verdict — win-rate, expectancy, the detector cards — lives on the paper account's Übersicht and Muster. Switch the active account to *Paper Trading* in the header selector to see them.
The single best use: validate a change before it costs you. The most expensive mistake a profitable trader makes is changing the plan under pressure — switching strategy after a losing streak, or reactively adding a second symbol — with real money, before there is any evidence the change works. Paper Trading is where that evidence is supposed to come from. Run the new idea here for a few weeks; if the paper account's expectancy holds up, you have earned the right to risk real capital on it. If it doesn't, you just saved a drawdown.
How to place an order: open *Paper Trading* from the sidebar, pick a symbol, choose Buy or Sell, pick Market (fills at the next live price) or Limit (set a trigger price), enter your volume, and — strongly recommended — set a take-profit and stop-loss so the position closes itself. Attach a strategy or playbook if you want the paper trade tagged the same way your real ones are. The order appears as *pending* immediately; the background job does the rest.
Paper Trading is a Pro feature. It is a simulation for learning and testing only — no real orders are routed, and nothing here is investment advice.