BLD: updated CLI with new parameters

catalyst/__main__.py

@@ -255,8 +255,9 @@ def run(ctx,
         ctx.fail("must specify a base currency with '-c' in backtest mode")
 
     if capital_base is None:
-        ctx.fail("must specify a capital base with '--capital-base'"
-                 " in backtest mode")
+        ctx.fail("must specify a capital base with '--capital-base'")
+
+    click.echo('Running in backtesting mode.')
 
     perf = _run(
         initialize=None,
@@ -429,11 +430,22 @@ def live(ctx,
 
     if exchange_name is None:
         ctx.fail("must specify an exchange name '-x'")
+
     if algo_namespace is None:
         ctx.fail("must specify an algorithm name '-n' in live execution mode")
+
     if base_currency is None:
         ctx.fail("must specify a base currency '-c' in live execution mode")
 
+    if capital_base is None:
+        ctx.fail("must specify a capital base with '--capital-base'")
+
+    if simulate_orders:
+        click.echo('Running in paper trading mode.')
+
+    else:
+        click.echo('Running in live trading mode.')
+
     perf = _run(
         initialize=None,
         handle_data=None,

catalyst/utils/run_algo.py

@@ -141,7 +141,8 @@ def _run(handle_data,
         else:
             click.echo(algotext)
 
-    mode = 'live' if live else 'backtest'
+    mode = 'paper-trading' if simulate_orders else 'live-trading' \
+        if live else 'backtest'
     log.info('running algo in {mode} mode'.format(mode=mode))
 
     exchange_name = exchange