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Example project · Python · Algorithmic · Platform

Paper Trading System with Alerts

An automated paper-trading engine: live data feed, indicator calculation, signal generation and simulated order placement, with alerts on every simulated trade.

In the course curriculum

Project facts

Difficulty
Intermediate
Technology
Python, WebSocket, Telegram
Category
Python, Algorithmic, Platform
Status
In the course curriculum

Project summary

An automated paper-trading engine: live data feed, indicator calculation, signal generation and simulated order placement, with alerts on every simulated trade.

Problem
Moving from a back-test to forward testing needs a safe, simulated workflow.
Approach
Connect a tested strategy to a paper-trading loop that sends alerts instead of placing real orders.

Skills developed

  • APIs
  • Event handling
  • Risk controls

Technology

  • Python
  • WebSocket
  • Telegram

Prerequisites

  • A tested rule set (for example from the Strategy Backtester project)
  • Python, Pandas and basic WebSocket concepts
  • A paper-trading or simulated data feed

Deliverable

A paper-trading system run for at least two weeks with logs and alerts.

Project workflow

  1. Stage 1: Connect a data feed

    Receive market data in a simulated or paper-trading mode.

  2. Stage 2: Calculate indicators

    Update the indicators as new data arrives.

  3. Stage 3: Simulate orders

    Place simulated orders when the rules trigger — no real orders.

  4. Stage 4: Alert and log

    Send an alert and log every simulated trade.

  5. Stage 5: Run and review

    Run the system for at least two weeks and review the logs.

AlphaSync practice

AlphaSync is a simulated practice environment for education. Simulated and paper-trading environments do not reproduce all the characteristics of live markets, such as execution, liquidity, costs and emotional pressure. Simulated results do not represent actual trading and do not predict future results. Screens show illustrative data.

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Build this project in a course

Projects are completed inside Academy courses, with instructor feedback. Enquire about the course that includes this project.