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Forex Simulator from fxblue.com (how-to guide)
good day lazy trader Mike once again for another Forex video and today I'm going to teach you on how to install a meta trader for simulator software from FX blue calm all right so you go to FX blue comm the link is there on the description box and you need to register an account for you to have access to their services and of course the software downloads now when you are on the home page click on apps and then you go to trader tools and then you go to FX blue trading simulator for mp4 since I've already key in my Oh sort of forgot you click on this one free download then you'll have a dialog box access you must register and you have something like this since I'm already already registered on this website you can just click on login then I can just close this dialog box and I will have access to the download now I'm you can just click on this free download and once you've done downloading that it will show up as a zip file or you've just downloaded the zip file some 1.3 to 8 MB zip file and then you unzip that and this will be the content and then this will be there will be an an exe file here and then you click on this one click on the exe file click yes and then you click on I agree to some license agreement then you just select select all click on select all so um you can just install it across all the mt4 that is on your computer and then click on install alright you will encounter this error if somehow you already have the the software installed on an instance of Metatrader that is active so what you need to do is for the purpose of this demonstration I have an empty four here which is open you just need to close the current Metatrader that you have on your screen so that would be it and you can just um try that again the con I agree select all right software has been successfully installed okay let's uh let's reopen that Metatrader that would be the the pepper stone empty for all right we are now on the the meta or one of the mt4 that is on my computer and to see the strategy tester if it is not already on your toolbars click on view and then you select strategy tester then it's already here now on you first open strategy tester make sure you you adjust the size of the window enough to see the slider here because this one will control the speed of the the simulation and I mostly use control points not the another tech by tech because I'm I'm more of a long-term trader but it's up to you actually now if you're on on strategy tester you load the FX blue here select FX blue then make sure you are on the expert advisor because if you're going to be using indicators you can also test them but you're not going to be able to enjoy the benefit of placing orders on your on your current simulation or back testing so let's I'm just try to simulate or back test euro US dollar on the daily and then let's adjust the screen size once again or the window and then let's select a date use date now I'm depending on the history of your Metatrader or your chart let's try to open the euro US dollar chart and then put this on daily and you can do a page up for you to see how far your history on this particular mp4 is now mine is way back May of 1989 so my date or the date that I'm gonna be choosing is from 1989 to today so this is okay 2014 January 1st to the present 2016 something like that then you click click on start then there will be another window and then this one will have visual since this is the the window where the actually the the back testing will happen all right let's just wait for that to load now um if this is the first time that you're going to be running this this dialog box will ask you for your username and password that will be the same username and password that you registered with FX blue comm so and then before you begin of course you can just um customize the charts that's just some put in raw price and then maybe some support and resistance here things like that then if you're going to be simulating support and resistance or if you want to add an indicator you can do so as well let's just say 200 moving average something like that when you click on the when you click on proceed with simulation and it will just do like like a market replay or simulating a live market you can do this on weekends or anytime the day that you're free this is going to be good because forward dancing actually takes time but I'm back testing is one way for you to be familiar with the strategy that you are going to use all right unless this is the daily chart and if somehow the simulation is way too slow for you you can use this slider will go like that and you can just select select the speed and then let's just sum thirty two ways that you can put in an order you can put a cell on or you can put a market order or you can put a pending order you also have access to a calculator where you can click on this and then you can just click on ctrl on your keyboard and then you click here there you have your calculator where you can put there the amount of risk that you want or you can just um maybe you can do that as well on the trailing stop you can do that as well on the profit-taking or take profit all right and then you can adjust the lot or the the lot size let's just say we put in a buy order alright this is going to be the the buy order that you have and then when you want to adjust that just grab the the handle that's going to be the some sort of a gray box on the edge or the the right edge just just adjust that just this force you're not going to be able to adjust this and no more because this is a market order then if you want to modify this one you can look for the B handle or you can just simply click on any one of these just click on that son then you will see a dialog box where you can modify the take profit or the stop-loss or you can just close the order just roll it order if you want to place a pending order let's just say I want to order at the 50% of this bar right here this one this one is some one point three eight four six one so I click on this yellow button and will get me to a dialog box once again where I can select um order types I want to buy limit on one point three eight five hundred say one point three eight and I can just select pips or lot sizes point zero one you can edit all of those then you can place the order there is your order right here then if you want to adjust the parameter since this is this is a pending order you can do so as well and adjust that and just the take profit like that alright um actually this is actually a really simple software and you can just play around with this and if you ever get to do maybe download a custom indicator you can also back test that here but the the limitation of this is not since this is an expert advisor on its own you will not be able to run another expert advisor on the chart but of course you can back test that another that other expert advisor that I'm that you want to back this separately now on we're going to be uh stopping this stopping disorder Oh looks like the the buy limit has been has been triggered let's just select this yes it has been triggered so if you want to stop this you can click on stop and then let's say you want to modify the the risk that you were the the amount of money that you want to back test let's say a thousand dollars or you can just do maybe five hundred dollars or you can put in a custom amount for one hundred dollars this you can put in there your deposit currency then click OK alright this time this actually just said I would urge you to play around with this and once again the layer that you might get is if somehow you go to a lower timeframe chart I have up until like 1989 on the daily chart but not that's not gonna be the same if I'm gonna be back testing this on the 1-minute chart or the the 5-minute chart because of the the number of bars that's gonna be loaded on my mp4 and if you want maximum number of bars to be loaded on your mp4 you can click on options click on options and just select their chart and then you can just put it there some maximum numbers 999 12 years um it will actually just auto adjust as to what the metatrader4 can handle okay so that's going to be it just visit FX blue calm it's going to be on the the website below or the the link is there below and also check out traders way the link is also there and then you can install this and run it on the Metatrader so you can do some some back testing okay and you have a great day and good luck to you
