Thread: Trading simulators!

Hi there!
I'm downloading a trading simulator right now from:
http://www.tradingsimulatorsoftware.com/index.htm
Do you think the simulators are useful tools?

Originally Posted by codersguru

Hi there!
I'm downloading a trading simulator right now from:
http://www.tradingsimulatorsoftware.com/index.htm
Do you think the simulators are useful tools?

I think the simulalator posted by Alex, in the strategytester thread is very helpful. Especially if you can use the MT4 indicators that you would normally use.

Originally Posted by codersguru

Hi there!
I'm downloading a trading simulator right now from:
http://www.tradingsimulatorsoftware.com/index.htm
Do you think the simulators are useful tools?

I think simulators are the best thing since slice bread. You can do months of trading in a week and get loads of practice. The reason it takes so long to learn trading is because you have to wait on the market. It is also ideal for those times when you dont want to lose sleep to practice.
I wish someone would modify MT4 to accomplish this task by either making an script or even a local server to serve the data. Although a script might be much easier. I think the modified period converter script could be further modified to do this but I am not a programmer so I could be wrong. It would allow forward testing of historical data, of some sort, for strategies and indicators.

Originally Posted by drgoodvibe

I think the simulalator posted by Alex, in the strategytester thread is very helpful. Especially if you can use the MT4 indicators that you would normally use.

I like it very much, but I can't find all the indicators.

Originally Posted by codersguru

Hi there!
I'm downloading a trading simulator right now from:
http://www.tradingsimulatorsoftware.com/index.htm
Do you think the simulators are useful tools?

Yes, I think they are a lot useful. Especially to test and learn to apply a new system and to gain confidence on yourself.

Originally Posted by codersguru

Hi there!
I'm downloading a trading simulator right now from:
http://www.tradingsimulatorsoftware.com/index.htm
Do you think the simulators are useful tools?

It's probably me, but this s/w seems to have a lot of bugs - locking up and restarting simulation often fails. Also, no Maximize button on windows is annoying. I was more excited by the availability of 5 YEARS of tick data for all currency pairs!!! There is a menu option to convert this to M1 format when you buy the program. Forex Tester is a very nice program in comparasion. If only it could use MT4 indicators... Also, if it could act as a server to MT would be even better

I need a good simulator with good CCI implementation. Any recommendations.

Simulation is a great way to understand a system if you can model the stochastic data correctly. Using a distribution based off of real data could simulate in a way that you could run long run probabilities and be significantly confident in the results, as long as the underlying fundamental market conditions dont change. If they do then you have no basis for the simulation to run from that is representative of the market. I also would not recommend it for short runs, just as I wouldnt run a back test using short runs.

There is a simulator for MT4, a guy from russia has developed it.

I did tested it for a while, and so far it seems quite useful (although I have not been able to test the order planning and managing features, hope the english translation for the article will be ready soon).

I have discovered that not all the indicators work (specially the multiple timeframes ones #MTF); but is a superb tool.

Cheers to the developer!!!!

You can find the simulator files at this link:

http://articles.mql4.com/ru/195

Maybe Newdigital has time to translate the article.

I used the google´s translation tool. An imperfect translation but article seems to be interesting.