Advanced Trade Simulator MT5

Forex Trading Tools have been revolutionizing the trading industry, and one such tool is the Advanced Trade Simulator for MT5. This tool is designed for virtual trading, effectively allowing traders to practice their forex strategies without any actual trading taking place.

Exploring the Features of the Advanced Trade Simulator MT5

The Advanced Trade Simulator MT5 is an indicator that can be attached to any chart for the purpose of virtually buying and selling a given symbol. What makes this tool unique is its ability to be attached to multiple charts, enabling the user to buy multiple symbols.

The tool offers a multitude of features such as immediate buying and selling on the given time frame. It supports market, limit, and stop orders, and allows for generalized OCO (Order Cancels Order), which means more than two orders can cancel each other. Additionally, it enables OSO (One Sends Another), providing the user with flexibility in executing their trade strategies.

Profit and loss levels are adjustable, and swap calculation is available. The tool also includes a feature for saving trades in a file or loading them from a file. It displays the number of wins and losses, along with the profit factor and total profit.

Beneficial Navigation and Workflow

The Advanced Trade Simulator MT5 has a user-friendly interface with buttons that perform all required operations. The navigation through existing trades is smooth, using “first”, “previous”, “next”, “last” buttons. The simulator also allows users to set a starting date and test from that point onwards, making the simulation more realistic by hiding future prices.

In a normal workflow, the user attaches the indicator to the chart they want to use. They set the StartAt parameter where they want to start or navigate to the time on the chart where the simulator should start. After pressing the “Set Time” button, they click on the chart where they want to start the simulator.

How to Use the Advanced Trade Simulator MT5?

The tool is quite straightforward to use. After setting the time and chart, the user can press the “Buy” or “Sell” button to execute a trade. They can then step the simulator and press the “Close” button at the top or in the list of trades to close the given or all positions. The result of the trade will be displayed in a red or green rectangle.

FAQs

Do I need a trade tester with the Advanced Trade Simulator MT5?

No, the Advanced Trade Simulator MT5 eliminates the need for a trade tester, unlike other products in the market.

Can I test all bars in the charts?

Yes, the tool allows testing of all bars in the charts. However, if you need older bars, you need to scroll back your chart.

Can I adjust the panel size on the Advanced Trade Simulator MT5?

Yes, you can resize the panel using the FontSizeMultiplier parameter and the ZoomFactor parameter.

For a detailed understanding of the Advanced Trade Simulator MT5, you can watch independent testing of this product on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product. We invite readers to share their experience of using this product.

This article provides an independent product review and is written in the third person. The Advanced Trade Simulator MT5 is, without a doubt, a comprehensive tool that could elevate your forex trading strategies to new heights.