Practice Simulator -backtesting and virtual trading-

“Practice Simulator” is a comprehensive tool designed for backtesting and virtual trading. It can be used from beginner practice to advanced backtesting.

Features

Virtual Trading:

Conduct virtual trades at any time, including holidays.
Practice in a realistic trading environment similar to live trading.
Synchronize with other charts using different timeframes or symbols for comprehensive analysis.

Backtesting:

Test your trading strategies on historical data.
Ability to go back in time and retest the same period multiple times.
Evaluate your strategies by testing them in various market conditions.

User-Friendly Interface:

Simple-click entry, bulk closing, and drag-and-drop TP/SL functionality.
Customizable chart options, including adding indicators and changing templates.
Speed control options including adjusting playback speed, pausing, and advancing one bar or tick at a time.

Flexible Trading Management:

Dynamic control of TP (Take Profit) and SL (Stop Loss) lines.
Automatic quantity calculation by risk percentage for consistent risk management.
Various trailing stop options including Fixed, Shrink, Average, Moving Average (MA), Bollinger Bands (BB), and Stop & Reverse Points (SAR).

Restart & TimeLoop:

Restart function to resume from specific points.
REDO option for repeating previous trading actions.
Maintain data consistency for reliable strategy testing.

Advanced Features:

Strategic Close: Multiple actions triggered when TP/SL lines are touched, including closing all positions, enabling trailing stops, resetting lines, and partial closes with trailing stops or line resets.
Practice Simulator Sync (option, Synchronize with other charts).

Startup Guide

Open the Strategy Tester and select “PracticeSimulator” from the Experts tab.
Choose your symbol, period, spread, and ensure “Visual mode” is checked with the slider set to 32, and “Optimization” is unchecked.
Configure the Practice Simulator parameters as needed.
Specify the testing period, ensuring you have the necessary historical data.
Press the “Start” button to begin virtual trading.

For a detailed step-by-step startup guide, please visit the support page.

Parameters and Settings

MagicNumber: Used for online trade; set to 0 for all MagicNumbers.
Initial Lot Size and Increment: Defines the initial lot size and its increment.
Point Scaling Factor: The “auto” setting scales points by pips.
TakeProfit w/Scaling: TP, including the point scaling factor.
StopLoss w/Scaling: SL, including the point scaling factor.
TrailingStop w/Scaling: SL, including the point scaling factor.
SL Strategy: Specify the action for the SL line.
SL Partial Close Rate: Close rate (Held Lot %).
SL Type of TrailingStops: Select the type of trailing stop.
TP Strategy: Specify the action for the TP line.
TP Partial Close Rate: TP Close rate (Held Lot %).
TP Type of TrailingStops: Select the type of trailing stop.
Entry Assist: Specify the strength of the automatic assist at entry.
Use ASK Line: If true, use the ASK line as usual; if false, simulate the ASK line to the BID line.
Show Trade History: Display past trade history on the chart.

For more details on visual settings such as color, size, and text display options, please refer to our support page.

Important Notes

Many functions can also be tried out in the free demo version.
Historical data is required for virtual trading. If you don’t have it, please let me know.
Backtesting results may not always reflect actual market conditions.
Performance may be slower on lower specification PCs.
Trading involves risks, and any trading decisions you make are your own responsibility.
Purchasing the full version enables live trading capabilities.

For any questions or additional information, please feel free to contact us.