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Attachments: New Trading Simulator, Gain Experience Faster
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New Trading Simulator, Gain Experience Faster

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  • Post #1
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  • First Post: Edited Feb 25, 2010 6:39pm Feb 18, 2008 10:53am | Edited Feb 25, 2010 6:39pm
  •  Quantem
  • | Commercial Member | Joined May 2007 | 47 Posts
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!

NOTE: Please Vote/Vouch for this thread so it can be taken out of the under evaluation thred. Thanks!

http://cdn.forexfactory.com/attachme...2&d=1257712862
Attached Files
File Type: zip Trade_Simulator_Files.zip   37 KB | 44,293 downloads
File Type: zip Trade_Simulator_Installer.zip   120 KB | 47,175 downloads
File Type: pdf Trade_Simulator_setup.pdf   376 KB | 73,907 downloads
Forex is a Beast that will happily eat you for breakfast, lunch and dinner.
  • Post #2
  • Quote
  • Feb 18, 2008 11:03am Feb 18, 2008 11:03am
  •  opie999
  • Joined Jun 2007 | Status: Know that you don't know. | 2,943 Posts
Looks very similar to VHands.
  • Post #3
  • Quote
  • Feb 18, 2008 11:05am Feb 18, 2008 11:05am
  •  hilmy83
  • Joined Jun 2006 | Status: Do NOT tilt | 5,708 Posts
Quoting Quantem
Disliked
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!
Ignored
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
Working towards CME membership
  • Post #4
  • Quote
  • Feb 18, 2008 11:13am Feb 18, 2008 11:13am
  •  Quantem
  • | Commercial Member | Joined May 2007 | 47 Posts
Quoting opie999
Disliked
Looks very similar to VHands.
Ignored
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.
Forex is a Beast that will happily eat you for breakfast, lunch and dinner.
  • Post #5
  • Quote
  • Feb 18, 2008 11:14am Feb 18, 2008 11:14am
  •  Quantem
  • | Commercial Member | Joined May 2007 | 47 Posts
Quoting hilmy83
Disliked
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
Ignored
I agree which is why I put "I personally think it's the second best learning aid there is. Number 1 is live trading but that can be expensive!" at the end of my post
Forex is a Beast that will happily eat you for breakfast, lunch and dinner.
  • Post #6
  • Quote
  • Feb 18, 2008 11:20am Feb 18, 2008 11:20am
  •  opie999
  • Joined Jun 2007 | Status: Know that you don't know. | 2,943 Posts
I don't see a problem with it either, Quantem. Your pdf file is written more clearly. The original was in somewhat fractured english so was a bit difficult to make sense of.
  • Post #7
  • Quote
  • Feb 18, 2008 11:55am Feb 18, 2008 11:55am
  •  hilmy83
  • Joined Jun 2006 | Status: Do NOT tilt | 5,708 Posts
Quoting Quantem
Disliked
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.
Ignored
i and every other programming challenged traders very much appreciate your work
Working towards CME membership
  • Post #8
  • Quote
  • Feb 18, 2008 12:10pm Feb 18, 2008 12:10pm
  •  hilmy83
  • Joined Jun 2006 | Status: Do NOT tilt | 5,708 Posts
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
Working towards CME membership
  • Post #9
  • Quote
  • Feb 18, 2008 12:17pm Feb 18, 2008 12:17pm
  •  Quantem
  • | Commercial Member | Joined May 2007 | 47 Posts
Quoting hilmy83
Disliked
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
Ignored
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

ADDITIONAL: I just duplicated this error and it happens when Optimization is checked, make sure it's off.
Forex is a Beast that will happily eat you for breakfast, lunch and dinner.
  • Post #10
  • Quote
  • Feb 18, 2008 12:19pm Feb 18, 2008 12:19pm
  •  hilmy83
  • Joined Jun 2006 | Status: Do NOT tilt | 5,708 Posts
Quoting Quantem
Disliked
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
Ignored
optimazation NOT checked..got it. Is that in the pdf..cause i may have missed that
Working towards CME membership
  • Post #11
  • Quote
  • Feb 18, 2008 12:22pm Feb 18, 2008 12:22pm
  •  Quantem
  • | Commercial Member | Joined May 2007 | 47 Posts
Well it shows it not checked in the picture but I will edit it to make it clearer right this minute..

Just uploaded edited PDF in post 1. as of Feb 18th 2008 12:30 EST
Forex is a Beast that will happily eat you for breakfast, lunch and dinner.
  • Post #12
  • Quote
  • Feb 18, 2008 12:27pm Feb 18, 2008 12:27pm
  •  hilmy83
  • Joined Jun 2006 | Status: Do NOT tilt | 5,708 Posts
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.
Working towards CME membership
  • Post #13
  • Quote
  • Edited Feb 19, 2008 12:31am Feb 18, 2008 12:41pm | Edited Feb 19, 2008 12:31am
  •  Quantem
  • | Commercial Member | Joined May 2007 | 47 Posts
Quoting hilmy83
Disliked
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.
Ignored
Yes and No.
Because of the limitations of only loading one chart at a time in strategy tester, you have to use a workaround.

There are a couple of options to this:

1. Just have the other timeframes open on a normal chart. So you can't see the bars coming (to keep it real), you can press F12, which exposes 1 bar at a time on your normal charts. Now you will have to be careful not to expose bars that give the direction away. This will work if you load the higher timeframes on standard charts.

To show the simulator chart, and the other charts, click on restore down, in the top right hand corner.

http://www.learnforexhome.com/restore_down.gif

The system I trade is purely on price action, so I look at the 1 day 4 h and 1 hour for entry. I load the 1 hour in the simulator and load the other 2 in the standard charts which I step forwards using the F12 key.

Another thing I do is keep Forex factory open as well and follow the news items that are coming up at that time and date. Forex Factory is awsome for this as it goes back a year or more.

Change the date on the Calendar in the top left corner:

http://www.learnforexhome.com/forex_factory.gif

Time permitting, I want to add the news items into the simulator, so it pops up on the chart when news would have been coming up (in the past). But it's almost better just keeping FF open. Also the file would get really big so I'm not sure about this feature.

2. Another options (which I have not tried) is to install more versions of MT4 which you can do if you change the destination folder names durin the intallation process. See if you can get the timing right with the speed. LOL this could get crazy though. Let me know if anyone tries this.
Forex is a Beast that will happily eat you for breakfast, lunch and dinner.
  • Post #14
  • Quote
  • Mar 1, 2008 8:07am Mar 1, 2008 8:07am
  •  dragosd1
  • | Joined Feb 2008 | Status: Member | 572 Posts
Hi, there
Works great, but is there a trailing stop option in a new buy or sell script?
Or how can I manage to insert it? If you can post the .mq4 file I will modify it myself, cause for the .ex4 I don't have the programming tool.
Thank's
I don't say
  • Post #15
  • Quote
  • Apr 12, 2008 2:08pm Apr 12, 2008 2:08pm
  •  jigracing
  • | Joined Jul 2007 | Status: Joshua 1:9 | 133 Posts
I like this simulator better than vHands. Thanks for posting it up.
Scott
  • Post #16
  • Quote
  • May 24, 2008 2:06pm May 24, 2008 2:06pm
  •  rod30
  • | Joined Mar 2008 | Status: チャオ | 88 Posts
i like this symulator its very simple to use it its very nice finally i can trade also on saturday and sunday
  • Post #17
  • Quote
  • May 27, 2008 7:53pm May 27, 2008 7:53pm
  •  cChris
  • | Joined Jan 2008 | Status: Member | 45 Posts
This is very useful, thanks a lot!!
  • Post #18
  • Quote
  • May 27, 2008 8:20pm May 27, 2008 8:20pm
  •  Verto
  • | Joined Apr 2008 | Status: The Fox | 768 Posts
How do you open more than one trade? For some reason it isn't opening new shorts after i already have my one open...
  • Post #19
  • Quote
  • May 31, 2008 3:57pm May 31, 2008 3:57pm
  •  nam
  • | Joined Jan 2008 | Status: Member | 15 Posts
been trying to get this working, followed all directions in PDF but get error when I hit start
"2008.05.31 13:20:36 TestGenerator: no history data 'GBPJPYm30'"
I've tried going ot history center and downloading data. Is there a way to point this path to a specific history folder to retrieve data?
  • Post #20
  • Quote
  • Jun 1, 2008 3:49am Jun 1, 2008 3:49am
  •  ComoxBluejay
  • Joined Mar 2008 | Status: And on, and on, and on.... | 122 Posts
Hi
When I try to download, & open The PDF file, I get the following
'The file is damaged & could not be repaired'
Anyone have a clean copy?
So make sure it's an exciting one, 'cos it's the only one you get!
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