Account Management
Paper trading accounts organize your strategies and track performance independently. Each account has its own virtual balance, order history, and equity curve.
Cosa Imparerai
- ▸How to create and configure simulation accounts
- ▸Which fields are editable after creation and which are not
- ▸How to manage capital allocation across multiple strategies
- ▸How to organize and compare multiple accounts
- ▸How to delete an account safely
Creating accounts#
From the simulation dashboard, click **Create Simulation Account**. Fill out the form and confirm.
Form fields
- **Account Name** — a descriptive label. Examples: 'Conservative BTC', 'Scalping Test', 'Multi-Asset'
- **Description** — optional notes about strategy type, purpose, or risk profile
- **Initial Balance** — starting virtual capital. Minimum: 1, no hard maximum. Default: 10,000 (USD)
- **Currency** — USD (default). EUR is also selectable.
- **Exchange** — Binance or Hyperliquid. This determines which price feeds and trading pairs are available for deployed strategies.
- **Leverage** — position size multiplier (range: 1–100, step: 0.1, default: 1). Keep at 1 for spot trading. Higher leverage amplifies both gains and losses.
Pro Tip: Use descriptive names that reflect strategy type and risk level. 'High-Frequency RSI BTC' tells you more than 'Account 3' when you're comparing five accounts six weeks later.
Organization approaches#
Different ways to structure multiple accounts:
By risk level
Keep conservative and aggressive strategies in separate accounts so drawdowns in one don't color your view of the other.
By asset
One account for BTC strategies, another for ETH. Isolates asset-specific performance.
By strategy type
Group strategies with similar logic to compare approaches.
By development stage
Separate testing from validation to avoid mixing experimental results with proven strategies.
Editing accounts#
Click the edit button on an account card to modify its details.
Editable fields
- **Name** — rename at any time
- **Description** — update notes
Not editable after creation
- **Initial Balance** — the starting balance is locked. To reset, create a new account.
- **Currency** — locked at creation.
- editing.notEditable.exchange
- editing.notEditable.leverage
Note: Current account balance is not manually adjustable. It reflects the sum of the initial balance plus all realized P&L from executed trades.
Capital management#
When you deploy a strategy, you assign it a capital allocation — the virtual funds dedicated to that strategy's position sizing.
- **Per-strategy allocation** — each deployment gets a fixed capital slice (e.g., $5,000 of a $10,000 account)
- **Multiple strategies** — you can deploy several strategies to one account, each with its own allocation
- **Total limit** — the sum of all allocations cannot exceed the current account balance
- **Dynamic balance** — the account balance changes as strategies profit or lose; allocations remain fixed unless you edit a deployment
- **Cash buffer** — capital not assigned to any strategy sits idle as available cash
Capital allocation example
- Account Balance: $10,000
- Strategy A (RSI BTC): $4,000 allocated
- Strategy B (MACD ETH): $3,000 allocated
- Strategy C (Trend SOL): $2,000 allocated
- Unallocated cash: $1,000 (buffer for drawdown breathing room)
Deleting accounts#
Click the delete button on an account card and confirm. Deletion is permanent.
All strategies in the account must be in **Stopped** status before you can delete. The platform prevents deletion of accounts with running strategies to avoid accidentally terminating active positions.
What is permanently removed
- All strategy deployments in the account
- All trade history and performance data
- There is no undo. Export any data you need before deleting.
Monitoring multiple accounts#
Dashboard overview
The simulation dashboard shows all accounts at a glance: total virtual P&L, active strategy count, live account equity, and status badges. You can assess the health of your entire simulation portfolio without opening individual accounts.
Regular check-ins
Review each account once a day or once a week. Look for unexpected drawdowns, strategies that stopped unexpectedly, or performance that diverges significantly from backtest expectations.
Performance comparison
Compare accounts to identify which strategy types or asset combinations perform best in current market conditions. Use this data to allocate more virtual capital to approaches that show consistent results.
Keep it manageable
3–5 accounts is enough for most users. More than that fragments your attention and makes it harder to draw meaningful conclusions.
Common issues#
Cannot deploy — Insufficient Funds
Cause: Total allocated capital across all existing deployments already equals or exceeds the account balance.
Solution: Stop and remove an existing deployment to free up capital, or reduce existing allocations.
Account balance went negative
Cause: Strategies have lost more than the starting balance. This can happen with leveraged strategies or severe market moves.
Solution: Stop all strategies. In live trading this would trigger margin calls or liquidations. In paper trading, treat it as a learning outcome — the strategy needs redesigning.
Cannot delete account
Cause: One or more strategies are in Running status.
Solution: Stop all strategies in the account, then retry deletion.
Best practices#
- **Start small** — begin with 2–3 accounts. Add more only once you have consistent monitoring habits.
- **Use realistic balances** — if you plan to trade $5,000 live, practice with $5,000. Over-capitalized paper accounts give misleading psychological feedback.
- **Document purpose** — the description field is free text. Use it to record what hypothesis each account is testing.
- **Clean up** — delete old or inactive accounts periodically. Clutter makes the dashboard harder to read.
- **Keep a buffer** — reserve 10–20% of balance unallocated. It gives your strategies room to breathe through drawdowns without hitting allocation limits.
- **Track learnings** — maintain external notes recording each account's goals, results, and decisions. The platform stores trade data; the context lives in your head and needs to be written down.