New Trading Simulator, Gain Experience Faster

Quoting Quantem

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Here is a great tool to help you get experince faster, by trading on a simulated market. You can enter and exit trades like you would in a real market, so it gives you a more realistic feeling.

You can speed it up, and slow it down as well. I have been able to practice trade a month in about 1 hour using this tool.

The system runs in MetaTrader 4

When learning to trade, there's no substitute for experience. A trader who has spent many months trading a live market will have a feel for the market that is almost impossible to explain.

They will see the pitfalls in some stuations by just recognising similar price action. If you have this experience, you will know exactly what I'm talking about, if you don't have it yet, you wont.

A live market is very different from looking back through charts or backtesting. When you backtest, you can see the bars that are coming, and there is no real stress involved. It's easy to see what signals would have worked, and which ones did not. When it comes to trading for real, you can't see what's coming, and that is a very different dynamic indeed.

Using this tool, you can trade a few months in only a few hours and then easily print out the results, and see how you well you did. You can also make mistakes and recognise them in a safe situation.

Granted it's not as real as using live money but its 10 times more realistic than backtesting. If you treat it as a challenge, it actually creates a pretty realistic view of how well you could potentially do with any system or method.

I personally think it's the second best learning aid there is. Number 1 is live trading but that can be expensive!

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Quoting opie999

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Looks very similar to VHands.

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Quoting hilmy83

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i was looking at forextester, but i'll look into this as well. But nothing is better than forward testing though..there's no substitute

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Quoting Quantem

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Yes I know, I just saw that when I came to post it. I was not aware that somebody had already done this, and was faced with a "shall I post it or Not?" Dilemma. I decided to post it anyway.

I have not loaded or looked at Vhands, if I had known about it, I would not have spent the hours it took me to write this thing. Now I have, I'm kind of committed to it.

I guess it cant hurt to have another version.

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Quoting hilmy83

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ok, i'm not sure what i'm doing wrong..but i'm not getting anything

I saved a template

I loaded the expert

set the visual on, picked the market, picked two dates, What shoul I put for the skp date? the last? same as my last date of testing??

when i clicked start, the checked visual is not checked anymore. After it finished loading (1min, 5min etc.) nothing happens.

All i see is a chart that shows all teh way to the present...and i want up to end of 2007

sigh

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Quoting Quantem

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OK this is tough without seeing your screen, I'll do my best...

The skip date is only used if you want to jump forwards in time. It's great to skip over holidays like Christmas etc. So you dont need to press 'Skip to' in normal use. If you are using 2 dates (From & To), make sure the from date is before the to date. I have made this mistake before by forgetting to change the year.

Make sure that Optimization is NOT checked.

If this does not fix it let me know, and try to include a screenshot and some more information

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Quoting hilmy83

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cool it works! thanks quantem.

But one more question. I think the ONLY limitation is that it i can't see other timeframes while i'm doing this test. You're just stuck witht the timeframe you pick.

Since my strategy involves looking at weekly chart for a trend, i can't see what the weekly is doing while i'm in the test. Forextester eliminate that problem.

I was wondering if it's possible to program that.

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