Trading Simulator in StrategyTester

For anyone who trades in the Forex market, using a trading simulator to test strategies against historical data is crucial. The Backtest Simulator is an expert tool designed to facilitate this process. It has a user-friendly graphical interface that allows manual control of trades in the MetaTrader 5’s StrategyTester, a feature not inherently supported by the platform.

Features of the Backtest Simulator

This simulator offers traders the ability to check their strategies against historical data across a broad spectrum of symbols and markets. It gives users the ability to set parameters such as stop loss, take profit, and the volume of orders. Also, it enables the closing or cancellation of positions or orders manually, a feature that provides a hands-on approach to Forex trading.

Trade Management Simplified

The Backtest Simulator brings ease to trade management. Users can create buy, sell, sell limit, and buy limit orders. The simulator also allows the setting of volume lot size, entry price, stop loss in points, and take profit in points. Furthermore, it provides the ability to close each position and cancel each order, or even close all positions and cancel all orders at once.

Limitations and Use Cases

The demo version of the Backtest Simulator is restricted to only four trades in StrategyTester mode, but the full license version offers unlimited access. While primarily designed for use in StrategyTester mode, the simulator also works in live trading mode, though it is not optimized for this use case.

Frequently Asked Questions

Is the Backtest Simulator suitable for live trading?
Although the Backtest Simulator is designed for use in StrategyTester mode, it also works in live trading mode. However, please note that it is not optimized for live trading.

Does the demo version have any limitations?
Yes, the demo version of the Backtest Simulator is limited to only four trades in StrategyTester mode. To gain unlimited access, you need to purchase the full license version.

Independent Testing and Reviews

For those interested in seeing the Backtest Simulator in action, independent testing of this product is available on the ForexRobotEasy website. You can also subscribe to updates on the testing results of this product on the same website.

We encourage users of the Backtest Simulator to share their experiences and feedback. It not only helps potential users make informed decisions but also provides valuable insights for improvements.

This review is independently written and does not have any affiliations with the developers of the Backtest Simulator. Our aim is to provide unbiased information to help Forex traders select the best tools to enhance their trading strategies.