Knowledge >> Comparison of our trading simulators for Metatrader 4
Comparison of our trading simulators for Metatrader 4
Since lots of people are asking about the differences between our main products, Forex Simulator and MT4 Trading Simulator Pro, here I present a comparison table to make the choice easier for you. I have also included a third product, PipFinite Trading Simulator, which is a modified version of MT4 Trading Simulator Pro, created in cooperation with PipFinite. This simulator can only be purchased on MQL5 Market.
| Forex Simulator | MT4 Trading Simulator Pro | PipFinite Trading Simulator | |
|---|---|---|---|
| Data source | Dukascopy, TrueFX and broker's data from MT4 | Broker's data from MT4 | Broker's data from MT4 |
| Data quality | Tick-by-tick (high quality) | At best 1-minute (medium or low quality) | At best 1-minute (medium or low quality) |
| Where it works | On offline charts | On Strategy Tester + offline charts | On Strategy Tester |
| Spreads | Real (variable) and fixed | Only fixed | Only fixed |
| Instruments | Dukascopy: 33 Forex pairs, oil, gold, silver and 12 stock indexes TrueFX: 15 Forex pairs MT4: all provided by the broker | All provided by MT4 broker | All provided by MT4 broker |
| Charts | Standard timeframes Custom timeframes Renko charts Range charts Tick charts | Standard timeframes | One selected standard timeframe |
| Use of MT4 indicators | Yes, most of them | Yes, most of them | Yes, most of them |
| Time zone | GMT and New York Close | Broker's time zone | Broker's time zone |
| Speed control | Pause Change speed Next bar Real-time delays | Pause Change speed | Pause Change speed |
| Rewinding | Yes (candle-by-candle) | - | - |
| Risk-based position sizing | Yes | Yes | - |
| Visual trading | Yes | Yes | Yes |
| Showing average position price | - | Yes | Yes |
| Quick edit mode | - | - | Yes |
| Live trading | - | - | Yes |
| Economic calendar | Yes | - | - |
| Saving/Loading | Yes | - | - |
| Exporting history to Excel | Yes | - | - |
| Automatic pause | Yes | - | - |
| Order templates | Yes | - | - |
| Multiple timeframes | Yes | Yes | - |
| One-cancels-other (OCO) | Yes | Yes | - |
| Market and pending orders | Yes | Yes | Yes |
| SL and TP | Yes | Yes | Yes |
| Partial closing of orders | Yes | Yes | Yes |
| Trailing stops | Yes | Yes | Yes |
| Break-even | Yes | Yes | Yes |
| Saving to HTML report | Yes | Yes | Yes |
| Statistics | Yes | Yes | Yes |
| Free updates | Yes | Yes | Yes |
| Free demo | Yes | Yes | Yes |
| Affiliate program | Yes, earn 40% per sale | - | - |
| Price | 99 USD | 49 USD | 88 USD |
| Website | Visit | Visit | Visit |
