Use Premiss to turn a tested rule into a paper bot on new prices. Keep its simulated decisions visible, its limits explicit and its record easy to review.
Featured product: Premiss · Reviewed 8 November 2026
A Premiss paper trading bot runs a strategy on live market prices with simulated funds. Premiss connects strategy creation, historical tests, paper bots and their alerts in one workflow. A paper record helps inspect behavior; it does not mean real orders would receive the same fills.
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Opening Premiss does not automatically run this plan. Copy the specification, review it in the app, and confirm the choices there.
A useful bot record connects each decision to a strategy version, observed market time, signal and simulated fill. When the result surprises you, that record helps distinguish an unclear rule from a data problem. A dashboard headline without the underlying decisions is not enough.
A strategy starts as a draft, becomes a historical test, and can then become a paper experiment. Running, paused and stopped are operational states, not indicators of profitability. A restart should preserve or explicitly reset state; it should not silently duplicate entries.
Ask whether alerts arrived, decisions were duplicated or data became stale. Compare the expected signal time with the recorded decision time. Check how costs and fills are simulated. Paper trading can reveal workflow failures even when there are too few trades to evaluate a performance hypothesis.
Practical reading for the choices behind the tool.
Set up a reviewable experiment rather than an unattended mystery.
Read the guide Field guide / Paper trading botsUnderstand the arithmetic and the assumptions behind a loss-budget example.
Read the guideIt observes a defined strategy on new market data and records simulated decisions and positions without real-money orders. Exact simulation and scheduling behavior depends on the product.
The paper simulation itself uses simulated funds. Separate live accounts, subscriptions or exchange connections may have real costs. A paper result is not a promise about live trading.
No. It illustrates a position size from inputs you choose. Gaps, slippage and changing prices can cause real losses beyond a theoretical stop-based budget.
The exact tested version, market and timeframe, position assumptions, data freshness, stop conditions and where you can inspect its recorded decisions.
Product claims are bounded by the linked sources. The practical checklists and local tools are original editorial material.
Reviewed 8 November 2026. Read the editorial method.
Build a strategy, inspect its code and review the evidence. Check current plans and supported workflows.