Unique forex trade simulator for MT5

Automate your trading strategies with ease via Capitalise.ai. And take full command of your analysis with industry-leading TradingView charts. Since the turn of the century, we’ve educated traders on what, how, and why to trade to help them realize their ambitions. Publication is almost instant after trading activity, with updates as frequently as every 60 seconds while trades are active. You can combine accounts into portfolios, embed full results and analysis on your own website, or collect your history using our APIs. This lets you monitor technical analysis on multiple markets from a single page, with your choice of over 50 indicators.

When it comes to choosing a https://forex-world.net/ for their own trading, newcomers to trading are often overwhelmed. There are too many differences between the various offers, trading conditions and tools that brokers offer. FX Blue also knows this and allows interested parties to quickly and easily view a broker comparison on the website.

However, it is useful for traders to know which currency is currently rated as strong. The Currency Heatmap shows how a currency pair is currently performing. Is the exchange rate between the currencies falling or rising? Heatmaps can intuitively show how strong the differences in valuation between currency pairs are by using different colors.

It is based on the concept that forex markets have an element of predictability. ​Blue Forex Funds like all prop trading firms charge fees to join which are used to pay our employees to provide you with unparalleled services, technology, and recommended trading platforms. This also helps every trader develop the feeling of responsibility and proper trading etiquette towards the account provided. Live trader sentiment based on the open positions of FX Blue users. Figures are based on the number of real-money accounts which are currently net-long or net-short. See how other people are trading, and decide whether to go with the trend or against it.

4.2Fixed amount to close

The spoils of being a valued client don’t end there, as you also get access to exclusive events and product previews. Access additional exposure into unleveraged spot metals and diversify your trading. Remove something if you want to add this account to the comparison. If you have more questions visit the Opening a Trading Account FAQ sectionor start a chat with our support.

It is widely used by traders all over the world as a broker-independent alternative to MAM systems etc. In addition, both provide extensive instructions and assistance. FX Blue is a tracking tool for Forex traders that is offered free of charge on the “fxblue.com” website. Our forex brokers also advise updated market hours and trading sessions.

Furthermore, FX Blue is completely independent, while Myfxbook is sponsored by XM and various other brokers. However, FX Blue was still able to score some points because linking the account was simple. My experience with the service from FX Blue have been consistently positive. The easiest way to do this is via the “account sync.” There, all the data is automatically collected and saved by FX Blue. The start page is kept visually quite simple and you can easily find your way between the different tabs.

If the backtesting/simulation is terminated immediately after you place the first trade, please look for errors in the Journal tab of the strategy tester. Once you open one of the offline charts you can add indicators to it in the usual way, and the charts updates and pauses in line with the main simulated chart. You can also change the s/l or t/p on all open orders by clicking on the chart.

Use MT4? Get exclusive tools with FOREX.com

In this case the Simulator places a buy-limit and sell-limit, rather than a buy-stop and sell-stop. You would typically use this if you are expecting a move in either direction followed by a return towards the current price – e.g. a bounce off yesterday’s high or low. Choose the chart timeframe which you want to practise on, from the “Period” list. Open the MT4 strategy tester, by choosing “Strategy Tester” from the “View” menu, or by pressing Ctrl+R. You start the Trading Simulator by running a backtest in MT4 of the “FX Blue Trading Simulator” expert adviser.

This can be done by locking in good trades at break even point and moving the stop loss with a trailing stop for the remainder of the position. Access 30 of the most popular technical indicators, three chart types, nine time frames, 24 analytical objects, plus free chat and email with the largest community of traders. Optimize your strategy with a suite of over 20 apps that give you professional-grade control and flexibility over your trading strategy.

FX Blue Trading Simulator v3 for MT4

Yes, it does have some filters to try and avoid such market scenarios, but it is impossible for every signal to be a good one. It is compulsory for funded traders to open the aforementioned lots based on their account size over the period of 30 trading days in order to keep the account in good standing. Powerful platforms, tight spreads, fast execution, and dedicated support. See why we’re the trading partner of choice for hundreds of thousands of traders worldwide. The Standard Accounthas access to all 82 available currency pairs along with gold and silver through any of our trading platforms on web and mobile.

You move the mouse over the Forex blue where you want to set the s/l or t/p , and then hold down the Ctrl key while clicking – i.e. the same method as for placing a pending order. You can use the options to close all open orders for the symbol, or all winning or losing trades, or to hedge or reverse the open position. You can also open calculators for each of these fields by holding down the Ctrl key while clicking on them. Once the simulation is running you can place buy and sell orders using the large green and red buy and sell buttons. You can make the Simulator pause after an s/l or t/p is hit, so that you can inspect the history of the trade before continuing.

Momentum Stock Options Workshop – Reeds Trader

We will re-evaluate your eligibility at the end of each calendar month. A fee of $30 will be debited from accounts that do not meet the minimum eligibility requirement to cover the VPS service. Trigger trades and orders automatically, based on your parameters. Take advantage of more Expert Advisors, more indicators and a whole suite of additional apps. This is a standard procedure that most regulated brokerages require. To fulfil KYC verification, we require a legal government issued ID such as a drivers license or a passport .

Some prop firms give referral bonuses from the sign up fees they collect. Currently we are offering our traders MT4 and MT5 as platforms to trade on. In the future if we see increased demand, we will offer C-Trader as well.

Consequently, client account balances will never become negative. BlueFX clients are dealing with an EU authorised and regulated firm and hence, benefit from the protections provided by EU regulation. BlueFX is regulated by MFSA and other six European regulations which provides the highest standards and transparency for your investments.

You can open a pop-up window for each order by clicking on its chart marker. The window shows how close the s/l and t/p are to being hit (e.g. for long orders, the distance from the current bid price to the s/l), and the cash effect on the balance if the s/l or t/p is hit. If you drag a marker to an invalid level – e.g. you drag a s/l the other side of the current market price – then you will be asked if you want to close the order. You can cancel a drag which is in progress by pressing the Esc key. The panel shows the profitability of order for the symbol in cash terms, and also in pips. The price underneath the profit in pips is the average entry price for the position .

This option will also pause if a pending order expires without being filled. However, it is perhaps not the different from if you loaded some of the default MT4 indicators onto your charts and created your own trading template. This would not cost anything and could be a good way to figure out which forex indicators you prefer to use. It is easy to use and everything is displayed clearly on your charts. The Forex Blue Starck System is very versatile as it can be used on any currency pair and any chart timeframe, depending on your preferred trading style. As payments we accept most form of cards such as debit and credit cards alongside crypto payments such as BTC and USDT.

Control, power, and speed. Our app and platforms give you every possible edge.

I personally would not trade the Forex Blue Starck System blindly without first confirming trading signals with my own technical analysis, fundamental analysis and price action analysis. If the trader violated any of the rules on the live funded account we have provided them with, the account will be removed and no future payouts will be available. If you require help with getting you funded , we provide you with free eduction, alongside other companies who we verified, that can assist you in getting you funded. All trades on a live account must have a stop loss and take profit. Furthermore, it is forbidden to open excessive lots over a short period of time as it poses a huge risk to the capital issued.

For example, you can Ctrl+click on the high or low of a bar to set the s/l or t/p to that price or use the cross hairs or mouse cursor to select a new price. You can close the order using the red button, and you can change the s/l, t/p or trailing stop by clicking on those options. MT4 will show dotted horizontal lines for each order and also draw markers showing where orders were opened and closed. The status indicator at the top of the Simulator will show your current net position, e.g. +0.10 if you are long 0.1 lots, or -0.10 if you are short 0.1 lots. The SpeedFactor parameter slows down the simulation; the larger the value, the slower the simulation.

Session Map: Who is trading right now?

You can then get more comprehensive analysis of your simulated trading by publishing the results to the FX Blue website. You simply click on the “Analyse trading” button, and the simulated history is uploaded to the website, giving you access to the full range of FX Blue reporting and analysis. By default, the Simulator follows normal MT4 behaviour and lets you have buy and sell orders open at the same time. For example, if you are long 0.10 lots and place a sell order for 0.30 lots, then the buy order will be closed and a sell order will be placed for the balance of 0.20 lots. Horizontal lines and trend-lines create a price-based stop or take-profit, i.e. an instruction to close part or all of some positions when the price touches the line.

If you tell the Smart Lines to close 60% then this will reduce the position size by 0.60 lots overall, on a FIFO basis. It will close the entire 0.50 order, plus a partial close of 0.10 from the 0.30. A horizontal line or trend-line must also be either a stop-loss or a take-profit. When you create the Smart Line, the price must be valid as your selection of stop-loss or take-profit. For example, if a line is below the current market price then it cannot be used as a take-profit on a buy order. The simulation will pause each time that a trade closes for any reason, including trades which you close manually.

• If you have more questions visit the Opening a Trading Account FAQ sectionor start a chat with our support.
• By default, lines are automatically deleted from the chart after they are triggered (i.e. when the price or time hits the line).
• Recommended brokers The FX Blue Trading Simulator v3 for MT4 works with the desktop client terminal from any broker, butclick here to see our list of recommended brokers.
• Find out which account type suits your trading style and create account in under 5 minutes.

Though the selection of data and facts on FX Blue is larger if you look closely. According to FX Blue, the customer also has full access to all trading activities of the provider. For a detailed description, the support FAQs are also available. What is very useful here is that the customer can flexibly set the risk and the slippage tolerance in relation to the signal generator. The trades are sent to their customers when they add them to their “Trade Mirror List.” For this, however, the customer also needs an FX Blue Live account.

• Analysis and tracking tools are part of the company’s core offering.
• The Currency Heatmap shows how a currency pair is currently performing.
• The Trade Mirror is a free service for sending trading signals over the internet to other computers (currently for MT4/5 only).
• The status indicator at the top of the Simulator will show your current net position, e.g. +0.10 if you are long 0.1 lots, or -0.10 if you are short 0.1 lots.
• You can also follow the news on Twitter attwitter.com/fxbluenews.

Each system is different, but uses the same template, so they can all be stacked, or traded at the same time. Ultra Blue was designed for the struggling trader, but YES, anyone can use it. As a new trader, you will have an incredible edge over the competition and not have to go through the overwhelming learning curve. There are certain “rules” in place that make growing an account quickly impossible. I was introduced to the Forex markets, and it was love at first sight.

All the systems will work in every country, but unfortunately our American, Australian, and Japanese trader friends have restrictions on their leverage when it comes to the Multiplier. Using 2% risk should be enough for most traders, but just be aware that if you are in the US, Australia or Japan, you may need to reduce your risk to 1.5%. The mathematical angle to technical analysis really excited me, and I was hooked.