Frequently Asked Questions - TSimBO

Is TSimBO really free? Why?
How is TSimBO different to TSim+?
Who can benefit from TSimBO?
If TSimBO is free, does that mean there is no support?
When will the next version of TSimBO be available?
How do I extract the MSI file?
There are no prices when I start TSimBO
I get an error message about "TWS.OCX" not being correctly registered
If all live orders are sent at once, isn't there a chance a stop order will get hit before the breakout order?
How can I automate more advanced strategies?
How can I trade more than one symbol?

Is TSimBO really free? Why?

Yes, just like TSim+ and TSimLite, TSimBO 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.

How is TSimBO different to TSim+?

TSimBO is designed for automated breakout trading of a single symbol at a time. You can configure the breakout time range and trading options and then leave it to trade a breakout without further intervention. TSim+ is a fully featured live trading application and trading simulator for day trading multiple instruments simultaneously - see the TSim+ page for a full description.

Who can benefit from TSimBO?

TSimBO is ideal for people who already trade or would like to trade a breakout strategy, such as the popular +27/-23 currency system, but don't want to interface to the TSim+ automation feature. Because TSimBO incorporates a Simulation mode, it can also be used for forward-testing of new breakout systems and strategies.

If TSimBO is free, does that mean there is no support?

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 - usually well within 24 hours. See the Contact page if you would like to get in touch.

When will the next version of TSimBO be available?

There is no release schedule for updates, although various new features are planned and will be added over time. Be sure to check back at this site to see what's new.

How do I extract the MSI file?

There is no need to extract this file, just double click it to run it once downloaded. MSI is Microsofts installer format, and works directly with Windows 2000, and XP. If you are using Windows 98 or ME, you will need the latest service pack from Microsoft before you can install TSimBO. NT users will also require a service pack if you do not already have one.

There are no prices when I start TSimBO

If you are trading a futures contract, check in the symbol editor that the expiry date is for a valid month contract. Refer to the Instructions page for details of how to update expiry dates.
If you are trading stocks, ensure that the symbol you have selected is valid, the market is open, and that you have trading permissions for that symbol from IB.
If you are trading YM, ZN, or ZB ensure that you have the Exchange set to "ECBOT" not ACE, it changed in 2003. Refer to the Instructions page for details of how to change this in the Symbol Editor.
If when you start TSimBO, TWS doesn't ask you if you will "Accept Incoming Connection", check that you have enabled incoming ActiveX connections (again, details in the instructions). If you have already done so and it still doesn't prompt you then the chances are there is a problem with your API. Sometimes IBs API just stops working for no apparent reason and it's necessary to remove it and reinstall.

I get an error message about "TWS.OCX" not being correctly registered

You need to download and install TWS API version 8.06 or later. You can download the latest installer here.

If all live orders are sent at once, isn't there a chance a stop order will get hit before the breakout order?

No, the attached Stop and Target orders aren't made "live" until the entry order they are associated with is triggered. IBs servers handle this process, so even if you lose your connection the orders will be managed.

How can I automate more advanced strategies?

Have a look at the automation features in TSim+, which allow you to auto-trade based on signals generated from a variety of third party applications.

How can I trade more than one symbol?

If you want to trade more than one symbol with TSimBO, you can open multiple copies of the program and set each to a different symbol. Alternatively, take a look at TSim+ which is a more feature rich product.







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