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Forward tests

A forward test runs a strategy against live markets and keeps the receipts — every order, the book it was priced against, what each position was worth as it went, and how the market actually resolved.

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Equity by mode—
Realized by mode—
Open positions—across all tests
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Your tests

A shadow result and a live result are the same arithmetic — the mode badge says whether money moved.

TestModeStatusStartedDaysEquityRealizedROIEquity curve
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Open a new test

Open a shadow test here, then start it from its test page. Demo and live need a Kalshi key chosen deliberately.

Shadow

Fills simulated against the real order book, with real fees. No money at risk.

Demo

Real orders on Kalshi’s demo exchange. Its prices and liquidity are not the real market.

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Live

Real orders with real money. Requires a connected Kalshi key.

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ExecutionStart from the test pageOrders follow the test’s policy

Nothing is sent anywhere in shadow mode. A test keeps running until you pause it — the kill switch on each test page halts order placement without closing the record.