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Nyria Paper

Nyria's built-in simulated broker. One click, no credentials, no broker account. The fastest way to get a strategy executing end to end.

Nyria Paper is a simulated account built into Nyria. It is the first entry in the broker list and the only one that needs no external account, no API key, and no OAuth. Create it in one click and deploy a bot against it immediately.

It is the fastest route to a first executed trade, and it is free.

Nyria Paper is fully simulated, end to end. No order ever reaches a brokerage or an exchange, nothing is routed to a market, and no money moves. Simulated results are not evidence of live results. Read Paper Trading for what a simulated fill does and does not tell you.

Supported Equity Types

  • ✅ Stocks
  • ✅ Options (single legs and spreads up to 4 legs)
  • ✅ Cryptocurrency (Spot)
  • ✅ Crypto Perpetuals
  • ❌ Futures: no broker on Nyria executes equity futures today

It covers more equity types than any live broker in the catalog, so you can test any strategy shape Nyria supports without hunting for a broker that carries it.

Account Types

  • Paper Trading - the only mode. Nyria Paper has no live counterpart

Because the account is simulated, deploying a bot on it does not require an active subscription and does not ask you to accept the live-trading risk disclosure.

Connecting Nyria Paper

Navigate to the Integrations tab.

Click the Nyria Paper card in the Brokers grid.

Click Create Nyria Paper account. There is no credential form and no redirect to a third party.

The account appears in your integrations list immediately, with a Connected badge and the account labelled Simulated account. It never expires and never needs reauthorization.

If you have not connected anything yet, the Integrations page offers the same thing as a Start with paper trading card. You can also create the account without leaving the deploy flow. The broker step of Deploy Bot has a Create Nyria Paper Account button.

How fills are simulated

Nyria Paper runs the full pipeline (alert in, parsed, sized, ordered, filled, closed) with the broker call replaced by a simulator.

  • Fill price is the price carried on the alert. Nyria fills at that price rather than working an order against a book.
  • Fills are immediate. There is no queue, no partial-fill sequencing, and no broker round-trip, so a paper fill is recorded the moment the order is built.
  • There are no trading hours. The simulator will fill on a Saturday morning as readily as at 10:00am ET on a Tuesday, which is what makes it useful for a first run at any time of day.
  • Orders can still be rejected. The simulator enforces your sizing: an entry whose budget cannot cover one contract is rejected with a reason like Insufficient budget ($1000.00) for min contract cost ($1200.00), exactly as a live broker rejection would appear in the bot log.

What Nyria Paper cannot show you is everything a real venue does to an order: slippage, spread, queue position, partial fills, liquidity, halts, margin calls, assignment, or a broker rejecting an order for a reason of its own. See Paper Trading before you read anything into a paper P&L.

Crypto perpetuals

On a perpetual-futures strategy, a Nyria Paper bot exposes a Simulated Leverage setting (1–200x). It scales the simulated position the way a real exchange's leverage would, so you can rehearse the sizing maths before touching a funded exchange account. Funding rates and liquidation are not simulated.

Limits

  • 10 Nyria Paper bots per account, on every plan. At the cap, deploying another is rejected with You have reached your Nyria Paper bot limit (10/10). Delete a Nyria Paper bot to free a slot, or deploy this strategy on a live broker account. Every plan carries the same simulated-bot cap, so upgrading does not raise it. Delete a bot you are no longer using to free a slot
  • One bot per strategy per account, the same rule as every other broker
  • No subscription required. Nyria Paper is what the free tier is

See Pricing & Limits for every other cap.

Limitations

  • Simulated only. There is no live Nyria Paper account, and a bot on it cannot be repointed to a live broker without redeploying
  • Order state is not synced from anywhere, because there is no broker to sync from. What the simulator records is the whole record
  • No funding rates, liquidation, assignment, corporate actions, or margin modelling
  • Fills do not model slippage or spread, so paper P&L will read better than live P&L on the same alerts

Troubleshooting

"You have reached your Nyria Paper bot limit"

You have 10 Nyria Paper bots. Delete one from its detail page, or connect a live broker. The cap counts bots, not strategies.

The bot log shows Insufficient budget

Your position size is below the cost of one unit of the instrument: one option contract, one share, one spread. Raise the bot's position size, or pick a cheaper instrument. This is the simulator applying your own sizing rules, not a market condition.

Nothing appears in the bot log at all

The alert never reached the strategy, or it was filtered before dispatch. Check the strategy's Logs tab first. See When an Order Fails.

Next Steps

Connect Your First Integration

Pick a broker for what you want to trade, connect it by one click, broker sign-in or API key, and verify the account before you deploy a bot.

Schwab

Trade stocks and options, including spreads up to four legs, at Charles Schwab. Live accounts only, connected through Schwab's own sign-in.

On this page

Supported Equity TypesAccount TypesConnecting Nyria PaperHow fills are simulatedCrypto perpetualsLimitsLimitationsTroubleshooting"You have reached your Nyria Paper bot limit"The bot log shows Insufficient budgetNothing appears in the bot log at allNext Steps