Paper Trading vs. Live Trading

AlgoMesh offers two modes of real-time execution: Paper Trading and Live Trading. Both modes connect to live WebSocket data streams, ensuring realistic market behavior.

Paper Trading

Paper Trading is simulated trading using real-time live data.

• It uses a virtual wallet balance that you configure in the dashboard.
• Orders are "filled" locally based on the live bid/ask spread.
• Zero Risk: No actual requests are sent to the exchange.
• Best For: Forward-testing a strategy in real market conditions without risking capital.

Live Trading

Live Trading connects directly to your exchange account via API keys.

• Trades use your actual wallet balance.
• Orders are instantly routed to the Binance Matching Engine.
• Real commissions are deducted by the exchange.
• Best For: Proven strategies that you are ready to scale with real capital.

Monitoring the Dashboard

Regardless of the mode you choose, your active strategies will appear on the Live Dashboard. You can monitor the real-time execution log, track your ticking PnL, and use the global Stop button to instantly halt execution and flatten your positions if market conditions change unexpectedly.