Frequently Asked Questions - TSimLite
Is TSimBO really free? Why?
How is TSimLite different to TSim+?
How come the data is free?
How to I get rid of the browser when I close TSimLite?
Who can benefit from TSimLite?
If TSimLite is free, does that mean there is no support?
When will the next version of TSimLite be available?
The order buttons are greyed out and there are no prices
I'm trying to modify an order but the wrong details appear
Why can't I change the window size?
Yes, TSimLite is totally free - it's not a demo, it won't suddenly expire or ask you for any money. Have a look at the About page to find out how the TSim project started.
TSimLite is purely for simulated trading. TSim+ is a fully featured live trading application and trading simulator, which uses the data provided by Interactive Brokers (IB). It provides additional features such as Stop and Limit orders, automated trading, customisable trading buttons and so on. See the TSim+ page for a full description.
Because the DukasCopy feed used by TSimLite provides quotes from world indices rather than Futures contracts, there are no exchange fees to pay. Indices in themselves are not a tradable instrument (except through synthetic means such as CFDs), and so TSimLite makes these quotes appear similar to Futures contract prices so that they can be realistically paper traded. In order to do this, the spread is assumed to be one tick, the tick size is derived from the nearest futures contract (eg: for S&P 500 a tick size of 0.25, the same as the ES - EMini S&P contract), and the price per point is also derived from the futures contract (in the S&P example, a full point is worth $50). In the case of currencies (which are not exchange traded and so again there are no exchange fees), the price per point is a notional value of 1 unit of the first currency in the pair, per pip. So for example, if you are trading "USD/EUR", each pip (0.0001) is worth $1 in TSimLite.
The small advertisement shown when you close TSimLite enables us to continue to develop the sofware and yet offer it for free. If the offers are not of interest to you, simply close the browser window as normal.
TSimLite is for people who don't have an IB account and would like to try out day trading without the expense of subscribing to a data feed and without the obligation of opening a brokerage account. It is ideal for people who would like to try out day trading strategies without risking any money in doing so.
Not at all! I am a full time day trader and of course the amount of time I can allocate to supporting a program I give away is restricted, but I always answer any non abusive emails I receive as soon as I can. See the Contact page if you would like to get in touch.
There is no release schedule for updates. Be sure to check back at this site to see what's new.
The order buttons are "greyed out" (ie do not function) until there are prices displayed. The prices are updated every 10 seconds, so there may be a short delay between first opening the program and seeing any prices.
If you are getting no price quotes at all, it may be that the data feed is not functioning. You can check this by going to our free live charts page - if the charts are working then the data feed is fine.
TSimLite connects to the data feed on port 9999, so if you have any personal firewall installed or are on a network with a corporate firewall then this may prevent access to the data. You need to open the port, or ask your system admin to open it for you - smile sweetly and take coffee and doughnuts when you ask, usually works ;-)
To change the price or quantity of a Stop order, first click on the grid slot for the price you want to change to highlight that order, then right click and select Change or Cancel. Left clicking first is a limitation of this Windows control; I'm working on possible quicker ways of modifying orders - keep an eye out for updates.
TSimLite tries to fit as much information as possible into as small an area as possible. To make it any smaller would require adding scroll-bars to move around and this would detract from the usability of the application. I am always open to suggestions on improving the layout of the TSim programs, so feel free to get in touch if you have some ideas.