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Sim Sim (Simple Simulator)
Info
The Sim Sim (Simple Simulator) is a Indicator for MetaTrader 5 that simple simulator is designed to practice manual trading on historical data. Only close prices are considered, so it is better to use line chart.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Sim Sim (Simple Simulator)
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Simple Simulator is designed to practice manual trading on historical data.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Gann high/low activator (simple) - another powerful indicator for MetaTrader 5 traders.
Simple Simulator is designed to practice manual trading on historical data.
Also recommended: Candle Move - similar indicator with strong performance on MetaTrader 5.
Only close prices are considered, so it is better to use line chart.
There is no take-profit, stop-loss or lot configuration.
Only one position can be opened at a time. Multiple positions are prohibited.
USAGE
Configure inputs; start bar, cycle speed (recommended 2 seconds minimum)
Click Long to enter long position.
Click Short to enter short position.
Click Close to close opened position.
Click Pause to pause simulation.
Click End to end simulation manually.
Simulation ended automatically at last bar.
Net Profit/Loss is alerted at the end of the simulation.
You may also like: Candle Sizes - excellent alternative for indicator users on MetaTrader 5.
⚠ 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.