Every strategy enable points at exactly one credential. The credential is either a live-money one or a demo / testnet one. The strategy doesn't carry the distinction - the credential does.
How to pick
- Demo / testnet credentials route to the exchange's paper environment. Useful for validating end-to-end behavior without putting capital at risk.
- Live credentials route to real money. Use only after the paper run confirms the strategy behaves as expected.
Per-venue support
| Venue | Demo / paper |
|---|---|
| Binance Futures | Yes (testnet) |
| ByBit | Yes (testnet) |
| BitMEX | Yes (testnet) |
| Hyperliquid | Yes (testnet) |
| LNMarkets | No (sat-denominated mainnet only) |
| Interactive Brokers | Yes (paper) |
| Tradovate | Yes (demo) |
| TradeStation | Yes (SIM) |
LNMarkets has no testnet; testing there means small-size live trades.
What's different in paper
- Slippage is venue-simulated, not real.
- Order rejections are rare on testnets - production-grade rejects (e.g. insufficient margin) may not surface until live.
- Fills are usually instant; live latency varies.
Don't skip the live smoke-test even after a clean paper run.