In this study, the dynamic and thermodynamic features of free displacer Stirling engines were investigated by preparing a simulation program. The dynamic component of the simulation program involves the movement equations of power piston, crankshaft and displacer. The thermodynamic component is a nodal analysis based on 24 nodal volumes. The study indicates that starting these engines requires an initial speed is required as the displacer system natural frequency. While the engine is running, the displacer exhibits some secondary vibrations (named as beatings) and causes irregularities in its work and power generation however, it can be minimized by changing some working parameters such as displacer mass, working fluid mass, external loading, spring constant etc. For each value of the working fluid charging pressure, a different spring is needed. While the spring constant is the same, the displacer mass can vary in a limited range. The thermal performance of the engine increases as the displacer mass is decreasing. For an engine working between 1000 K heater temperature, 356 K cooler temperature and 18 bar charging pressure, the effective thermal efficiency ranges between 21 and 26 %. An engine with a 3.5 liter total inner volume is capable of generating about 3.9 kW effective power and 4.7 kW indicated power. A strong relation is observed between engine performance and phase angle.