SOFT4FX

I will give my personal opinion on Soft4Fx Simulator. Soft4Fx Simulator is a backtesting plugin for MT4. You add it to your platform and can start to backtest on any currency pair. The upside is that its price is lower than that of forextester 3 and is much simpler to use, however it has fewer functionalities compared to forextester 3.

Forex Simulator is an add-on for Metatrader 4. It combines great charting capabilities of MT4 with high-quality tick data and economic calendar to create a powerful simulation software. Although the software is created in a form of Expert Advisor (EA), it does not perform any trading by itself. Instead, it lets you trade manually on historical Forex data.

Main features

1. Real tick data with real spreads (Dukascopy and TrueFX data)

2. 33 Forex pairs plus gold, silver, oil and 12 stock indexes

3. Ability to use broker's historical data from MT4

4. Trading on multiple timeframes

5. Lots of different charts: standard, renko, range, tick, custom timeframes, ...

6. Economic calendar

7. Using Metatrader indicators and templates

8. Saving/Loading the simulation

9. Full control over the speed of simulation

10. Automatic pause

11. Rewinding

12. Risk-based position sizing

13. Visual trading

14. Automatic trade management: trailing stops, auto break-even and OCO pending orders

15. Order templates

16. Detailed statistics and balance/equity graph

17. Exporting trade history to Excel or saving it as MT4 report

18. Free updates

19. Free demo

Why trade historical data?

Trading historical data saves a lot of time compared to demo trading or other forms of paper trading. It gives you more control over time. It lets you skip less important periods of time and focus on the most important ones. This is why it is a great way of training and learning how to trade Forex.

As we know, practice makes perfect, but practicing trading takes a lot of time. With our simulator you can do it much faster.

Forex Simulator allows you to go back to any desired point in time and replay the market starting from that time. You will see charts, indicators and even economic news releases as if you were trading live. You will be able to place your orders, modify them and close, just like you normally do.

Website

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