Paper Trading
Does AceTrader work with multi-chain wallets
Not yet. AceTrader supports EVM wallets only. Refer to the 50+ wallets supported in the Wallet Connect modal, including MetaMask, MagicEden, Rabby Wallet and Phantom.
I've connected my wallet and subscribed, but I didn't receive simulated USD credits. What should I do?
Please ensure that Third Party Cookies are not blocked in your browser settings. If it still doesn't work, file a support ticket here.
Tell me more about the type of trading it is using?
The paper trading is for crypto futures trading, with USD pairing. Specifically, we are focusing on Isolated Margins and One-Way mode.
What is Isolated Margin Mode?
This means that you can manage your risk on individual positions by limiting the amount of margin locked to it. If the price moves against you and liquidates your position, the margin for that position is the max you will lose.
What is One-Way mode?
This means that your position for a coin is either short or long, and when you open multiple trades, it will net into one position.
What coins are supported for the paper game?
Currently, we are supporting the following coins and may update it from time to time.
BTC, ETH, XRP, BNB, SOL, DOGE, TRX, ADA, HYPE, SUI, BCH, LINK, AVAX, XLM, TON, HBAR, LTC, DOT, UNI, AAVE, TAO, APT, NEAR, ETC, ONDO, MEME
How is the entry price calculated when I entered the position with multiple trades?
If you entered an active position with multiple open trades, then the Entry Price will be calculated using a weighted average.
How does liquidation work on AceTrader?
The liquidation price is when the price move against you and the loss is equal to the margin of your position, forcing the position to auto-close.
Liquidation is simplified on AceTrader and the formula to calculate it is: Entry Price * (1 - direction/leverage), where direction is 1 = Long, -1 = Short
What is the time in force used for Limit Orders?
We are applying GTC (Good 'til Canceled) as the default time-in-force (TIF).
What is the goal of the Paper Game?
To work towards the Trade Fund Eligibility - which means:
1. Showcase your trading skills by passing the eligibility targets.
2. Earn a REAL 💰 Trade Fund to manage and take a payout on.
What happens if I fail the paper trading challenge?
If you fail, your paper trading will be marked as failed. You can still trade, but trades won’t count toward meeting the requirements for funding until you reset your account. You can pay a reset fee anytime, or use the reset credit you receive with each renewal. Reset credits never expire and can be stacked.
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