Old stuff but important thing in my arsenal, same as ransom in soldier pocket. Get experience faster in forex trading before come into live. You can enter and exit trades like you would in a real market, so it gives you a more realistic feeling.
You can speed it up, and slow it down as well. I have been able to practice trade a month in about 1 hour using this tool.
The system runs in MetaTrader 4 - You can get a free demo from most metatrader brokers. Or right here at metaquotes: http://www.metaquotes.net/
Experience takes everything in market. A trader who has spent many months trading a live market will have a feel for the market that is almost impossible to explain.
Get more grasp on market movement and get feeling when it turn upside down. If you have this experience, you will know exactly what I'm talking about, if you don't have it yet, you wont.
A live market is very different from looking back through charts or backtesting. When you backtest, you can see the bars that are coming, and there is no real stress involved. It's easy to see what signals would have worked, and which ones did not. When it comes to trading for real, you can't see what's coming, and that is a very different dynamic indeed.
Using this tool, you can trade a few months in only a few hours and then easily print out the results, and see how you well you did. You can also make mistakes and recognize them in a safe situation.
Granted it's not as real as using live money but its 10 times more realistic than backtesting. If you treat it as a challenge, it actually creates a pretty realistic view of how well you could potentially do with any system or method.
Really great stuff for newbie and pro to evaluate their trade. Live is important but this stuff will keep your margin blown away in future.
Just put every files in right path, exactly like words on every folder.
Run metatrader, view Strategy Tester Box with Ctrl+R, choose LFH in expert advisor option, choose symbol/pair, choose period, turn on use date option for time backtest, and turn on visual mode. Then... start.
Make sure your CPU have enough RAM to run or it will slow down.
Click Here for Download
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