Trade on many timeframes
You can open several charts at once and follow price action on several timeframes.
All charts are synchronized and updated tick-by-tick.
Forex Simulator works as a plugin to MT4. It combines great charting capabilities of MT4 with quality tick data and economic calendar to create a powerful trading simulator.
Use charts, templates and drawing tools available in Metatrader.
Forex Simulator lets you move back in time and replay the market starting from any selected day.
You can watch charts, indicators and economic news as if it was happening live...
...but you can also:
Everything works just like in real life, but there is no risk at all!
Watch your profit/loss, equity, drawdown and lots of other numbers and statistics in real time.
You can also export trading results to Excel or create an MT4-style HTML report.
You can analyze your trading results to find weak points of your strategy.
Trading historical data saves a lot of time compared to demo trading and other forms of paper trading.
It also allows you to adjust the speed of simulation, so you can skip less important periods of time and focus on more important ones.
Use all charts available on Metatrader 4 plus several other types:
You can open several charts at once and follow price action on several timeframes.
All charts are synchronized and updated tick-by-tick.
You can also tell the program to pause the simulation automatically on certain events:
Following automatic rules can be applied to any trade:
Moreover, you can use order templates to work faster and avoid repeating the same steps. A template can be used to save your trade management rules and load them at any time.
You have access to current economic news releases at any time during the simulation. You can display them on your charts as well.
Events can be filtered by importance and currency, so you can easily find events that really affect your trading.
Source of data: Forex Factory
Data starts from 2007.
Simulator helps you calculate the size of trade based on how much you want to risk. For example, you can set it to risk no more than 2% of your current balance or no more than $100 per trade.
Risk-based position sizing requires setting a stop loss to work properly.
Forex Simulator lets you place pending orders, stop losses and take profits by simply dragging lines on the chart. You can also modify existing orders in this way.
Simulation can be saved to a file and loaded at a later time. All your trades, pending orders, stop losses, take profits, trailing stops and other settings will be restored.
Simulator displays statistics similar to ones offered by Metatrader.
It is possible to save your trading history to an Excel sheet, allowing you to study and analyse it in more depth.
You can save the history of your trading as an HTML report. It is formatted in exactly the same way as Metatrader 4 account statement, so it is very easy to import it to third-party tools for further analysis.
