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MT4 Trading Simulator Pro user guide

Main window

You can move the window to desired location by dragging the arrow sign in the top left corner of the window.


SL, TP and Lots presets will be applied to every market and pending order opened in future. Distance/Price preset will only be used when placing pending orders.

You can change the size of 1 pip in MT4 Trading Simulator Pro properties (Expert properties button) before the start of the simulation. By default this trading simulator assumes that 1 pip equals 10 points for 5-digit brokers and 1 point for 4-digit brokers.




MT4 Trading Simulator Pro - Main window

Adjusting speed

The speed of trading simulation can be easily adjusted with the speed slider in the bottom of the main window. You can also pause and resume the simulation with the Pause/Play button.

Visual mode

There are three buttons in the Visual section of the window (AP, SL and TP), which allow to place orders visually by dragging the lines on the chart instead of entering values in the input fields.

Visual mode can be mixed with entering values in the input fields. For example, you can set pending order's Activation Price visually, but enter its Stop Loss and Take Profit in the distance of X pips using SL and TP input fields.


Trade List window

Trade List window contains two sections. The first shows all currently open trades (market orders). The second shows all pending orders. Trade List window can be hidden and reopened any time during the simulation.

You can move the window to desired location by dragging the arrow sign in the top left corner of the window.




MT4 Trading Simulator Pro - Trades List window

Modifying orders

You can modify the Stop Loss and Take Profit of every order. In case of a pending order you can also modify its open price (entry price).

To modify an order press the Mod. button. You will enter the modification mode. MT4 Trading Simulator will display lines corresponding to the Stop Loss, Take Profit and open price of selected order. You will be able to move each line into a desired location with your mouse.

You can accept your changes by pressing the Accept button or exit modification mode by using the Cancel button.

Automatic Break/Even

Automatic break/even is a function which moves the Stop Loss of a trade to its open price when certain profit is reached. It allows to secure the trade automatically.

In order to set automatic break/even click the 0-0 button in the Break/Even column. Two input fields will appear in the bottom of the window:

You can accept your changes by pressing the Accept button or exit modification mode by using the Cancel button.

Trailing Stop

Trailing Stop is a function which moves the Stop Loss of a trade along with positive price movement. It keeps the Stop Loss in a specified distance from current price.

In order to set trailing stop click the 0-0-0 button in the Trailing Stop column. Three input fields will appear in the bottom of the window:

You can accept your changes by pressing the Accept button or exit trailing stop mode by using the Cancel button.

OCO pending orders (one cancels other)

The simulator lets you create a group of OCO pending orders. If any one order from this group is executed, all others will be deleted automatically. There can only be one group of OCO orders, but it can contain as many pending orders as you like.

Pending orders can be added to OCO group using the + button and removed using the X button in OCO column.


Additional settings - Expert properties

There are several properties that can be set before the trading simulation is started. You can access them by pressing the Expert properties button in the upper right corner of the Strategy Tester and going to Inputs tab. They allow you to adjust default values in the simulator's input fields, the size of one pip, position of each window on the chart, window colours and other things.


MT4 Trading Simulator Pro - Expert properties

Some of these properties are explained below: