Trade Simulator

   With this toolbar you have both: a
compact surface, which simultaneously shows you the most important information
you need for trading.
   You can use it with your real account
or also in the strategytester mode. This toolbar allows you to trade in the
strategytester as real as possible with every  option available from the MT4
platform.

  Settings
available:

• Magic
  Number – When the ‘MagicNumber’
  number is 0, the toolbar will watch all orders without a ‘MagicNumber’. If
  the number is set higher than 0, then only those will be followed, who
  were also created with this toolbar.
• Setting for order type –  choosing between the following the order
  types:

 
                                                           “Market Orders”
                                                             “Limit Orders”
                                                             “Stop Orders”

• Market Orders by Click             – the
  amount of market orders by one click
• Shift to Stop and Limit Orders  – distance
  of the price for the PendingOrders
• Max number of PendingOrders  – the amount of PendingOrders by one click
• Shift to next Order of grid  – distance
  between one PendingOrder to the next one
• Exponent for
  Lots of grid         –
  The lot size of every further pending order can be changed with this
  multiplier. The default is set to 1,0
• Expiration of pending orders in minute – Timer in minutes. After its expiration the
  PendingOrders are deleted.
• Stop Loss    – StopLoss in points
• Take
  Profit – TakeProfit in points
• Day
  Profit Close – Day Profit number, which closes all orders
  being followed and shuts down the function for the day (green letter D). If a continuing of trading is wished, the number
  should be changed to a higher one. The number can also be changed in the “Day
  Profit” field.
• Day StopLoss
  Close – Loss number, which closes all orders being
  followed.
• Slippage -maximum
  Slippage
• Set MaxSpread to display – Number of max. spread for visual support
• Variants of Money Management – manual position size of the lot will be
  adjusted with the setting <+>”Fix-Lot”. For the
  automatic position size there are several options: Risk % of Equity v1       
  –  calculates percentage (settings) from equity

                                          Fixed-Fractional Ratio  –  With the Ryan
Jones method

                                          Risk % of StopLoss    
   –  displays StopLoss in %

                                          Risk % of Equity v2        – 
calculates percentage (setting) from equity (alternative)

• Set Round of 1/2 lots closing – a part of the position is closed, with an even
  number – the half. An uneven number lead to round down in the adjusted
  direction. The default setting closes the biggest part, e.g. after round
  down, a part of the lot size 0,05 will be closed with the lot 0,03 while
  0,02 stays open.
• BreakEven   –  displays
  distance of the order price, which is set off with the function “BreakEven”
• TrailingStop – displays distance oft he orderprice, which is
  set off with the function “TrailingStop”  
• Traillstep    
  – Trailing steps
• Set panel position – position of the panel can be adjusted either
  on the left or on the right
• X-Axis – Х position
  in pixel
• Y-Axis – Y position
  in pixel
• Sound – turn
  off the sound
• LastBar Line – switch off the vertical line, which is shown from
  the last closed bar.
• Color of LastBar Line – color of the vertical line
• Graphical Object – settings of the graphical panel
• More
  buttons: 

                                 “Del SL
TP”         –
all ‘StopLoss’ and ‘TakeProfit’ are quickly deleted
                                 “SL & TP”            – New
parameteres can be set in the input field. (To realise them, you have to click
on “SL & T”  afterwards ).
                                
“Delete Pending”–  deletes all pending orders
                                
“Close All”         
– all market orders are closed, all pending orders are deleted.
                                
“1/2 close”          –  a part
oft he market orders are closed

• When market orders are created, a display will
  appear on the right side with its lot size and its profit. By clicking on
  it the order will be closed.

The Strategytester is added
two other buttons:

•  “Pause” stops the test
  run. This can be used to set new parameters and to sketch with the tool.

•  “Speed” changes the speed
  of the chart building. If faster than needed, the build-in regulator of
  the strategytester can be used.

            ‘Stop’ and ‘Take’ levels are
adjusted just like in the real account. You can change them by dragging these
points with the mouse in the direction you        need, or by entering new parameters
in the input field and click on “SL & TP“.

•   The tool displays the brokertime.