Do you want to ‘re-trade’ yesterday’s market or test out some ideas? That’s what market replay was designed for – it’s the ‘history player’ of trading. It’s a great tool for beginners or advanced users who want to learn to trade the market better by getting months of practice within hours.
By using real-world data, you can see simulated trading outcomes and practise trading as if it was happening live. This is a great way to test strategies, indicators, entry/exit rules or fine-tune your order flow reading skills in a safe and rather realistic environment.
You can replay markets from a certain date or time period and the software usually comes with different speed settings. That means you get to save lengthy amounts of time spent on live data by taking better control of your time.
Pause and play stock actions to see the effects of your decisions and study your trading errors to find adjustments that would’ve resulted in a more profitable outcome.
There may be no shortcut to success, but this is certainly one way to make that journey worth it.
Here are some platforms that offer the market replay feature.
Crypto Parrot allows you to learn to trade cryptocurrencies in a fun, effective and safe environment. Beginners will find the software easy to understand while experienced traders can take advantage of advanced features.
Crypto Parrot also supports a learning community where you can share your trades, make comments and learn from other people’s decisions. Moreover, you get rewards for growing your portfolio and getting play dollars for your trades.
Ninja Trader trading simulator offers the advantage of having synchronous replays of any recorded markets instead of only one market at a time. Simply download historical data and connect it to the simulator to start trading. Ninja Trader is also known from having some of the lowest commissions, a great plus for all traders out there!
TradingView allows you to access real-time data and charts on your web browser – that means no installations or complex setups. You can also publish your own trading ideas on Twitter, a blog or any web platform as well as browse published ideas and see how other people’s historical data played out.
MultiCharts offers a tick-by-tick market replay, which recreates a complete real-time market picture. Minute bars are constructed out of actual ticks to reflect actual price movements within each minute. Compared to many software that draw minute bar after minute bar, you get a more realistic price movement experience with MultiCharts. That means you won’t lose out on opportunities that exist within bars and can make better, realistic decisions.
TradingSim is a web-based platform that allows you to replay historical data from the last two years. It provides bar-by-bar fast forwarding, high-speed forwarding and pause so you can analyse your trading decisions with precision. In addition, its Market Movers feature shows you hot stock and top future contracts for each trading day. This is refreshed in real-time for any given trading day and you can also see trending stocks from the past.
TradeNavigator allows you to automate your trades by defining your own rules and strategies. You can also back-test your strategies over decades of historical data with the Streaming Replay feature. Practise simulated trades with live market data using the price ladder and charts. Simply trade directly from your chart and use the instant replay mode to jump back to the past or move forward to the present.
DAS trader offers market replay on its Pro account. You can switch easily between real-time and replay from a web browser. You can also adjust the replay speed or use the go-to button to jump to an exact date and time. In addition, the software allows you to view quotes and place testing orders, view charts and follow time and sales data, track BP, equity, profit as well as loss.
Sierra Chart is a complete real-time and historical, charting and technical analysis platform.
You can replay intraday charts and multiple charts at the same time. A control panel allows you to set the jump time, replay speed and select an option to replay all charts in your chartbook. Moreover, market depth data can be recorded and replayed. You can also see individual trades during a replay if the data is stored tick-by-tick.
Nasdaq market replay allows you to upload custom trades (shown in different colours) and plot them by adjusting the timestamp. You can then request a replay by issue, date and time and view the quotes and trades down to the millisecond level. These replays can also be shared with clients to confirm the best execution method. It has an easy-to-use interface and the time-span analysis provides the highest and lowest price quotes over a specific period, even if they lasted less than a millisecond.
dxFeed uses cloud computing to bring unlimited capacity for storing enormous volumes of tick data without the need for hardware installations or user resources. You can capture direct feed, store and have instant access to terabytes of historical data at the millisecond time-stamped tick level. Replays can also be cached locally for quicker access.
They also offer market replay for full markets or in parts, data extraction and exploration as well as APIs for streaming and snapshot analysis.
Try DX Feed here
Did you know? There’s more to market replay than just practice and testing. We’re working on a new, unique tool for all market replay (technical analysis) believers who want to make better, faster decisions. Want to learn more about our little-big revolution?