A Technical Explanation

A trader has both a live and paper trade account which are input in the TradingWheels program. The trader then customizes what probability percentage he or she wants their LOGINS to follow. For example: 50% and 50% paper to live login probability; 80% and 20% paper to live login probability; 10% and 90% paper to live login probability, etc. This is completely up to the trader, and can be adjusted at any time.

Upon login, the TradingWheels tool randomly selects access to EITHER the live or paper trade account according to the login probability percentage the trader has predefined as noted above. The trader is now in EITHER their live or paper trade account and places trades as normal while the TradingWheels program is running in the background.

IMPORTANT! THE TRADES THEMSELVES ARE NOT BEING RANDOMIZED, ONLY THE PROBABILITY OF BEING IN THE LIVE OR PAPER ACCOUNT CAN BE RANDOMIZED AT LOGIN.

The randomizer is NOT activated again until both the live and paper trade accounts are FLAT (no outstanding positions or outstanding working orders) and will always sync the paper trade account funds to the live account funds AFTER the trader logs out of the system. This ensures the statement processing, and order/position tracking is precise, clean and thorough for the broker, the clearing firm and of course the trader. This also ensures the trader cannot tell what account they are trading by accident.

Traders always have the ability to call their clearing firm or broker to get details on any of their accounts if needed.