How to Reset Paper Trading TradingView
Want to start your TradingView paper trading journey with a completely clean slate? Resetting your virtual account is the way to go. It's like getting a brand new practice account without having to create a new profile.
Here's how to do it quickly:
- On your chart, make sure you're connected to your Paper Trading account via the Trading Panel.
- Open your account settings.
- Look for and select the option to "Reset account."
This one action will instantly clear out all your open positions, order history, and trade history. The best part is that you get to set a brand new starting balance and choose your preferred currency right then and there.
Just a heads-up: Once you confirm the reset, it's permanent and can't be undone, so just double-check you're ready!
Why giving your account a fresh start is so useful
Sometimes, a pile of past trades—whether they were great learning experiences or frustrating mistakes—can cloud your judgment. Resetting your paper trading account wipes all of that away.
This gives you the perfect, unbiased environment to test a new trading strategy from scratch. You can tailor the simulation to your needs by setting a specific starting balance, currency, and leverage, making your practice sessions much more relevant to your actual goals. If you're looking for proven approaches to test, check out these Best TradingView Strategies for 2025: What's Actually Working Right Now.
How to Reset Your Paper Trading Account
Sometimes you just need a fresh start. Maybe your practice account balance has gotten a little out of hand, or you want to test a new strategy from scratch. Resetting your paper trading account lets you do exactly that.
Here's how to do it:
- Open the Trading Panel: On your chart, find and open the Trading Panel. Make sure you're set to Paper Trading and connected to your practice account.
- Find the Reset Option: Click on your account settings. This is usually a little gear icon or a dropdown menu. Look for an option named "Reset Account" or "Reset Paper Trading Account."
- Set Your New Starting Conditions: A window will pop up where you can set your new beginning balance, choose your currency, and adjust leverage if you want to. Confirm your choices.
- A Quick Heads-Up: Just be aware that this wipes the slate completely clean. All your open orders, current positions, and trading history will be permanently deleted, and this action can't be undone.
Understanding the Paper Trading Account Reset
Thinking about hitting the reset button on your paper trading account? Let's walk through exactly what that means, so there are no surprises.
Essentially, a reset gives you a completely clean slate. Here's a breakdown of what happens:
- A Fresh Start: All your open orders, current positions, and your entire trade history are permanently deleted. It's like your account is brand new again.
- Reset Your Virtual Balance: You get to choose your new starting balance. You can either set it to a specific amount you're comfortable with or simply restore the default virtual cash you started with.
- Change Key Settings: The reset process also lets you reconfigure your account. You can switch your account's currency or adjust your leverage settings all in one go.
- A Final Decision: This is the most important part to remember: once you confirm the reset, the action cannot be undone. There's no "undo" button, so please be sure before you proceed.
Before You Get Started
Just a quick heads-up before we jump in:
- First, make sure you're connected to your Paper Trading account. You can do this in the main Trading Panel.
- Once you're in Paper Trading, look for the reset option inside your account settings. You'll usually find this by clicking the little gear icon or your account name in the dropdown menu.
A Quick Guide to Resetting Your TradingView Paper Trading Account (Web App)
Want to start over with a fresh demo account on TradingView? Maybe your practice balance is a bit low, or you just want to clear your trading history and begin with a clean slate. It's a simple process, and I'll walk you through it.
Here are the easy-to-follow steps to reset your paper trading account directly on the web app:
- Open Your Chart: Head over to TradingView and open any chart you like. At the very bottom of the screen, you'll see a "Trading Panel" button—give that a click.
- Connect Paper Trading: In the panel that opens, make sure you've selected "Paper Trading." If it says "Connect" next to it, click that to activate your demo account.
- Access Settings: Once your paper trading account is active, look for the little gear or settings icon right next to your account name. Click on that to open the account settings.
- Initiate the Reset: Inside the settings menu, you'll see an option labeled "Reset account" or "Reset Paper Trading Account." Click that to get started.
- Set Your New Starting Conditions: A dialog box will pop up. Here, you can choose your new starting balance, pick a currency, and set your leverage if that option is available to you.
- Confirm the Action: This is the important part. You'll see a warning explaining that all your open orders, current positions, and trading history will be permanently deleted. This action can't be undone, so just confirm that you're sure.
- Verify the Reset: And you're done! Check your account to verify that your balance has been updated and your old positions and history are cleared. You're now ready to start trading with a fresh account.
Getting Your Account Reset Just Right
When you reset your account, it's not just a simple refresh. You have a few key options to tweak so that everything aligns perfectly with how you want to trade. Think of it as setting the stage before the performance begins.
Here's a breakdown of what you can customize:
- Balance: This is your starting point. You can set the exact amount that fits your intended risk model or the size of the strategy you want to test. It's all about matching your virtual capital to your trading plan.
- Currency: Feel like switching things up? When you reset an existing account, you're not locked in. You can easily switch to any supported currency, whether it's a traditional fiat like USD or EUR, or a cryptocurrency like Bitcoin or Ethereum.
- Leverage: Want to simulate a margin-based approach? Head into your account settings to configure your leverage. This lets you better mimic strategies that use borrowed capital, giving you a more realistic testing environment.
Common Paper Trading Hiccups (And How to Fix Them)
Running into a snag with your paper trading account? Don't worry, it's usually a quick and easy fix. Here are the most common issues and what to do about them.
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You can't find the reset function: This almost always happens when you're accidentally connected to a live broker. Just double-check that you're connected to your Paper Trading account, not a real one. The reset option will magically appear once you're in the right place.
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You need to switch your account's currency: No problem! For an existing Paper Trading account, you can use the "Reset account" feature found in the account settings. This lets you pick a brand new currency and start fresh.
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The reset option is missing: If you're sure you're in Paper Trading but still can't see it, try this: open the Paper Trading account settings. You can do this by clicking the little gear icon or using the dropdown menu right inside the Trading Panel. The reset option should be waiting for you there.
Building Smart Testing Habits
Getting your testing process right is what separates a good strategy from one that will let you down. It's all about creating a realistic, no-surprises environment where you can trust your results. Here are a few habits that make a huge difference.
Isolate Your Tests with a Clean Slate Think of each test run as a brand-new day. Before you start testing a new idea, use the account reset function. This wipes the slate clean of any past trades, making sure the performance numbers you see are purely from your current strategy and aren't being skewed by that one lucky or unlucky trade from yesterday.
Make It Feel Real If you plan to trade with $10,000 live, don't test with a $1,000,000 paper account. Always set your testing balance and currency to match your real-world target. This seems simple, but it's crucial. It forces you to think about realistic position sizes and calibrates your sense of risk from the very beginning, so nothing feels different when you switch to live funds.
Practice Your Exit Strategy The hardest part of trading isn't entering a position—it's exiting it. Use your paper trading time to not just find good entries, but to religiously practice setting and respecting your stop-loss and take-profit orders. This builds the muscle memory and discipline to follow your plan when real money is on the line, so executing becomes automatic instead of emotional.
Speaking of testing strategies, having the right tools can make this process dramatically more efficient. Instead of manually coding complex exit rules or struggling with freelancers to implement your ideas, platforms like Pineify allow you to visually build and backtest sophisticated strategies with proper risk management parameters in minutes. For those who want to dive deeper into systematic testing, our guide on Backtest Pine Script: A Comprehensive Guide to Effective Trading Strategy Testing covers everything from basic concepts to advanced optimization techniques.
The platform's Strategy Builder lets you set entry/exit rules visually, incorporating market orders, take profit, stop loss, and trailing stop parameters to manage risk effectively. This means you can spend more time refining your exit strategy discipline rather than wrestling with code, making your testing habits both more thorough and more productive.
When to Start Fresh with Your Paper Trading Account
Think of your paper trading account like a practice journal. Sometimes, you just need a clean page to get a clear picture of what's working. Here are the best times to hit that reset button:
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Your Game Plan Has Changed: If you've tweaked your strategy or started using a completely new one, it's a good idea to reset. This way, your old trades don't mess with the results of your new approach. You'll see exactly how your new idea performs from day one.
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When You're Running a Test: Let's say you want to compare two different exit strategies or see how changing your risk affects your results. Resetting your account for each test ensures both start with the exact same balance and conditions. It's the only way to get a true, apples-to-apples comparison.
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You're Switching Gears: Moving from trading stocks to forex, or deciding to change your leverage? A reset makes sure your virtual account is set up to properly reflect the new market or instrument you're practicing with. This keeps your practice realistic.
Other places to find the reset option
Sometimes the reset button plays a little hide-and-seek depending on your screen setup. If you don't see it in the main dashboard, here are a couple of other spots to check:
- In the Paper Trading panel: Look for the Paper Trading section on the left-hand side of your screen. Click the menu (it might look like three dots or lines) and see if "Reset Paper Trading Account" is listed there.
- Within your account settings: Go into your account settings and look carefully around the areas where you see your balance and currency. The "Reset Account" button is often tucked in right next to those controls.
A Quick Word Before You Reset
Just like cleaning out a closet, resetting your paper trading account is a fresh start, but it means some things are gone for good. Before you hit that button, here are a few things to double-check.
What you should know:
- This action is permanent. Resetting will completely erase all your open orders, past trades, and your entire trading history within the Paper Trading account. There's no way to get this data back once it's gone.
- Double-check your settings. Take a quick peek at your starting balance, currency, and leverage settings before you confirm. This ensures your new account is set up exactly how you want it, so you don't have to reset everything again.
- Snap a screenshot for your records. If you're proud of a particular win or want to remember a specific strategy's performance, it's a good idea to take a few screenshots of your metrics and stats beforehand. That way, you'll always have a copy for your own reference.
FAQs
Q: Where do I find the Reset account button in TradingView Paper Trading? Here's the deal: Look for the gear icon (the settings) in your Trading Trading panel. You can also find it in the account dropdown menu within that same panel. That's where the reset option lives.
Q: When I reset, does it erase all my orders, open positions, and trade history? Yep, a reset will wipe the slate completely clean. It removes all your open orders, any active positions, and your entire trade history for that Paper Trading account.
Q: Can I pick a new starting balance when I reset? Absolutely! The reset dialog box will actually ask you to type in a new starting balance before you finalize everything. It's a fresh start with the amount you choose.
Q: Is it possible to change my Paper Trading currency without making a whole new account? Yes, you can! Instead of creating a brand new account, just use the "Reset account" feature on your existing one. This process lets you select a new currency.
Q: I can't see the reset option. What's the first thing I should look for? First, double-check that you are actually connected to and viewing your Paper Trading account through the Trading Panel. The reset option only shows up when Paper Trading is the active account.
Q: If I confirm a reset, can I undo it later? No, unfortunately not. Once you confirm the reset, the action is permanent and can't be reversed. So, make sure you're happy with your new settings before you click that final button.
Q: Are there different ways to get to the reset feature? Yes, there are a couple of paths. You can access it from the menu inside the main Paper Trading panel itself, or you can find it by clicking the gear icon for your account settings. Either way gets you to the same place.
Next steps
Ready to put your trading plan into action? Here's how to get your paper trading account set up and start practicing in a risk-free environment.
- Start Fresh with Paper Trading: Head over to your Trading Panel and connect to Paper Trading. Perform a reset to set your desired starting balance, currency, and leverage. This gives you a clean slate to work with.
- Need a Different Currency? No problem. If you want to switch your account's currency, just use the "Reset account" option found in your settings. You'll be able to pick your target currency as part of that simple process.
- Practice Makes Progress: For a full rundown of everything you can do, take a few minutes to review the official functionality notes. Then, the best thing you can do is run a few timed practice sessions. This is the perfect way to see if your strategy holds up before any real money is involved. If you're new to the platform, our Best TradingView Tutorial: Master the Platform in 2025 can help you get up to speed quickly.
Where We Got Our Info
We wanted to make sure this guide was super accurate and helpful, so we double-checked everything against the official sources and real-user experiences. Here's a quick look at where we gathered our information:
- TradingView Support: We leaned on their official help documents to understand the core features of Paper Trading. This includes the nitty-gritty details of the "Reset Account" function and how to set up your initial account balance, currency, and leverage.
- The TradingView Blog: Their own blog posts were super useful for clarifying how to change your account's currency and confirming that using the "Reset" function is the way to go if you want to switch currencies on an account you're already using.
- The Community: We also sifted through forum discussions and video tutorials from other traders. This helped us see the exact steps, the warning messages you'll encounter, and where to find all the buttons in the Trading Panel from a user's perspective.