Visual Trader Simulator Edition
Info
The Visual Trader Simulator Edition is a Expert Advisor for MetaTrader 4 that use the strategy tester as a simulator. Currently, only market orders (BUY and SELL) are supported.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Visual Trader Simulator Edition
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
Use the Strategy Tester as a simulator.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Bad Orders Expert Advisor for MetaTrader - another powerful expert for MetaTrader 4 traders.
Use the Strategy Tester as a simulator. Currently, only market orders (BUY and SELL) are supported. Orders are set through the use of scripts which get executed by the EA. You can set an initial Stoploss/Takeprofit in the scripts and modify them afterward through drag and drop of the lines drawn by the EA. Very simple concept and easy to use.Also recommended: Gaps Expert Advisor for MetaTrader - similar expert with strong performance on MetaTrader 4.
Use the VisualTrader-BUYScript to place a buy order and the VisualTrader-SELLScript to place a sell order.Then you can modify the TakeProfit and Stoploss through drag and drop of the Green (TP) and Red (SL) lines
Installation:
Copy VisualTrader-SimulatorEdition.mq4 into your MT4 directory/experts/
Copy VisualTrader-BUYScript.mq4 into your MT4 directory/experts/scripts/
Copy VisualTrader-SELLScript.mq4 into your MT4 directory/experts/scripts/
Restart your terminal
Open Strategy Tester
Select VisualTrader-SimulatorEdition and choose your desired timeframe
Check Visual mode
Press Start and trade.
You may also like: Glam Trader: Expert Tool for MetaTrader - excellent alternative for expert users on MetaTrader 4.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.