simulator
Info
The simulator is a Script for MetaTrader 4 that changes in this version: added lot selection. right shift increases the lot, left shift decreases it.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use simulator
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
changes in this version: added lot selection.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: cme futures download script - another powerful script for MetaTrader 4 traders.
changes in this version: added lot selection.right shift increases the lot, left shift decreases it.
Also recommended: account information script - similar script with strong performance on MetaTrader 4.
if you move the label "pending", three lines will appear on the chart.
- by moving the green line (in the middle of the chart), you can set the price for opening a pending order. if not moved, the order will be canceled.
- move the red line (at the bottom of the chart) to set the stop-loss level. if not moved, the stop-loss will be canceled.
- adjust the yellow line (at the top of the chart) to set the take-profit level. if not moved, take-profit will not be set.
after setting the levels, move the "pending" label again.
the order type is automatically determined based on the positions of the green and red lines relative to each other and the bid price.
to modify or close an order, first select it by moving the "select" label.
You may also like: correlation gaps trading aud j p y cad j p y nzd j p y - excellent alternative for script users on MetaTrader 4.
Source Code
extern double lot=0.1;
extern int magic=777;
extern string comment="simulator";
string lt;
bool rex=false;
bool lin=false;
bool b=false;
bool s=false;
bool p=false;
bool sel=false;.......
⚠ 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.