Sim Sim (Simple Simulator)
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
Simple Simulator is designed to practice manual trading on historical data.
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.
