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Replay tool comparison

A focused thinkorswim OnDemand alternative for XAUUSD replay practice

thinkorswim OnDemand is a broad, free replay environment for US equities, options, and futures inside Schwab. Candlune is a narrower, browser-based replay trainer focused on XAUUSD with built-in journaling.

Quick takeaways

What this page covers

  • 01thinkorswim OnDemand is a broad replay environment for US equities, options, and futures.
  • 02Candlune is a focused, browser-based replay trainer for XAUUSD with built-in journaling.
  • 03Candlune is not a thinkorswim replacement; it is a different shape of tool.
  • 04Pick OnDemand for breadth, Candlune for a tight XAUUSD practice loop.
01

What OnDemand is good at

thinkorswim OnDemand is one of the more generous replay tools available. It lets you pick a historical date and time and replays the market through the platform with real tick data, working option chains, and order entry against simulated fills. For Schwab account holders, it is included at no extra cost.

If you trade US equities, options, or futures, OnDemand covers an enormous amount of ground. You can step through a known event, practice an options structure, or rehearse risk decisions with the same charts and tools you use during the day.

02

Where Candlune is narrower

Candlune does not cover US equities, options, or futures. Today, it supports XAUUSD only. There is no options chain, no scanner, no large indicator library, and no live charting. That narrowness is intentional; the product is built around one workflow rather than a wide platform.

What you get instead is a browser-based replay environment with simulated trades, automatic journal entries, and a dashboard that aggregates repeated sessions. You do not need a brokerage account to use it.

  • XAUUSD-only rather than broad US-market coverage.
  • Browser-based with no brokerage account requirement.
  • Replay, simulated trades, and journal in one session.
  • No options chain, no scanner, no live charting.
03

The journal and review loop

OnDemand gives you the replay and the order entry, but the journal is still something you keep elsewhere. That is fine when the replay session is occasional, and harder to sustain when practice is supposed to be a weekly habit.

Candlune is built around that habit. When a simulated trade closes, it becomes a journal entry automatically, and the dashboard reflects repeated sessions without manual data entry. The aim is to make honest review the default rather than an extra step.

04

When thinkorswim OnDemand is still the right call

If you trade US equities or options, OnDemand is hard to argue with. It is free with the brokerage, it covers a huge surface area, and the replay sits in the same platform you trade in. If your practice market is anything other than XAUUSD, Candlune is not going to help you.

Candlune is built for a specific kind of trader: someone who works on XAUUSD specifically, wants browser-based practice, and wants the journal and the review built into the tool rather than glued on the side.

05

Trial and commitment

Starter and Pro include a three-day trial after Stripe payment setup, then renew monthly unless canceled. Ultimate does not include a trial, and Candlune does not offer a permanent free tier. OnDemand is free with a funded Schwab account.

The honest comparison is not about price. It is about whether your practice market and your workflow match the tool. For XAUUSD-focused practice with built-in journaling, Candlune is the more direct fit. For broad US-market replay across equities, options, and futures, OnDemand is.

Try a focused XAUUSD replay workflow

Run a few browser-based replay sessions in Candlune and see whether keeping replay, journal, and review in one place changes how you practice.

Start trial after Stripe setup

Paper trading only. No deposits, live orders, or financial advice.