[Sharing] Free Forextory Trading Tool — Best Forex Trading Simulator 2019
Are you looking for an automatic trading tool to trade live which lets you set up new orders with stop loss and take profit based on a certain number of pips? Or you are just seeking for the forex simulator to test how well you would have fared under particular historical market conditions — and/or to check how well your favourite indicators would have guided you in the past. Then you are in luck here. This mt4 expert advisor is a free best trading simulator to share with you guys.
Free Forextory Trading Tool for MT4 is an Expert Advisor (EA) which can help traders not only to practise manual trading using historical data in Strategy tester of MetaTrader 4 but also to trade live by placing new market or pending orders with automatic stop loss and take profit, quickly closing all profit or open orders just by one click.
Though you are following a day trading, swing trading or being a forex scalper, you always need to practising a lot. It’ll take a lot of time, of course. Our forex trading simulator is created to save your time trainning forex trading strategies, without taking any risk. You dont need to wait for certain market conditions or price movements. You dont have to watch the charts all day long. All you need is this forex trading tool to control the time and focus on most important signal.
Historical Tick Data 99%
Forextory Trading Tool works as an Expert Advisor (EA), it uses the same historical data as any other EA in Metatrader 4. It does not download or provide any own data. It means that the length of the simulation is limited by the amount of data stored in your MT4. Therefore, always make sure that you have enough historical data before starting the simulation.
Forextory is the cheapest source of historical trading data on the market with quality of 99% for traders to backtest trading strategies. Forextory converts data directly from Dukascapy with other data sources in development. Customers can download tick data 99% directly from the website and the cloud of Forextory without installing any software. To get the historical tick data 99%, Download here.
Practice and improve your forex trading skills with Forextory Trading Simulator for MT4
1. Train your forex trading skills, practice and gain experience quickly
2. Test and improve your manual trading strategies
3. Eliminate mistakes and bad habits for minimize losses
4. Learn new forex trading style in a faster and easier way
Key features & Parameters:
1. Placing market and pending orders by just one click
2. Automatic stop losses and take profits with adjustable pip size
3. Closing all/partial/profit orders immediately
4. Profit/Loss calculated and displayed in pips or in money
5. Simulation on multiple timeframes, any currency pairs
6. No need to create any demo account. Just open Strategies Tester in MT4 and practice with free historical tick data 99% from Dukascopy by downloading from Forextory.
Free download and intallation:
Step 1: Download Forextory Trading Tool
Step 2: Open your metatrader 4: File\Open Data Folder
Step 3: Put the expert advisor in \MQL4\Experts
Step 4: Restart your metatrader 4
Step 5: Open Navigator window (Ctrl + N), drag Forextory Trading Tool from Expert Advisors into MT4 chart and enjoy!
Step-By-Step Guide To Use MT4 Strategy Tester and Forextory Day Trading Simulator
A/ Live trading using Forextory Trading Tool:
First, open your favorite chart, open Navigator window (Ctrl + N) and attach the Forextory Trading Tool by dragging it from Expert Advisors into MT4 chart. Because this tool is just an expert advisor for Metatrader 4, you can easily use all other built-in MT4 indicators as well as many custom ones. MT4 template is also the best way to prepare your charts quickly.
1. Click to choose Light theme or Dark theme
2. Create random candle theme to refresh your mind
3. Automatic current symbol or custom by yourself
4. Candle change percent
5. Close all/last/profit/loss/partial (1/2) open order
6. Profit/loss percent
7. Profit/loss by money
8. Profit/loss by points
9. Customize your target stop loss
10. Set up your target lot size
11. Customize your target take profit
12. Set your pending price
13. Set trailing points
** Tips to save template with Forextory Trading Tool for every symbol:
Ctrl + B to Open Object List (Then you should click “List all” to show even hided objects)
Ctrl + A to select all objects
Click “Delete”
Choose Template>Save Template
Now you have a quickly template with trading tool and many indicators set up for every chart following your strategies. Enjoy it!
B/ Backtest with Forextory Trading Tool and historical tick data 99% from Dukascopy:
Ctrl + R to open Strategies Tester in MT4
Choose Expert Advisor>Forextory Trading Tool
Choose other parameters: symbol, use date, spread and period, expert properties
Click Start.
Now the chart is simulated the market on the time that you set up to test. This is like the time travelling machine to help you able to trade your manual like live trading at that time. Instead of waiting day by day to test a strategies with demo account, you now can easily test it carefully at any time but faster.
(Please make sure that you have enough historical data tick-by-tick to have the most exact results. To download the free historical tick data 99%, Click here.)
*** Tips to test with your trading template
Each strategy often have many indicators to support traders in analyzing the market direction, so you often save them into a template for quickly using next time. When backtest the strategy, you also need to set up that template. A tip is that you after start backtest, click pause and then choose the template which was saved with the Forextory Trading Tool, click pause again to resume testing. Now let’s practise!
