Soft4fx Forex Simulator

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2013/09/13 · Forex simulator helps traders to develop their skills in trading on forex market. You can simulate trading from candlestick chart with major currency pairs and real rates from last 5 years. You are able to train trading with any choosen time frames from 1 hour to unlimited time.

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In this Warsaw Forex trading vlog, I give my personal opinion on Forex Tester 3 vs Soft4Fx Simulator. Those are two backtesting software Forex traders can us. Thank you for purchasing Soft4FX Forex Simulator! Use the button below to download the software: Your activation code will be sent to your e-mail address in a few minutes. If you do not receive it, please check your spam folder, use our code recovery tool or contact us. In case of any questions or problems please contact us at mail@soft4fx.com. Change in licensing of Forex Simulator from 10 June 2018: Licenses bought after 10 June 2018 will allow users to use the software on only 2 Metatrader accounts (not 10 accounts, as it is now). This change is meant to stop illegal reselling of activation codes that has been lately taking place on social media. Soft4FX Forex Simulator simply lets you download and use their tick data in convenient way. Use broker's data Starting from version 1.7 of Forex Simulator it is possible to import historical data from Metatrader and use it in simulations.

2016/02/01 · How to install and start Forex Simulator. Software is available at http://soft4fx.com/software/forex-simulator.php.

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2016/07/10 · Forex Simulator Review Screenshot Forex Simulator Review Screenshot 2 . Forex Simulator Features. The main feature of the Forex Simulator tool is the ability to move back into time and replay the markets from any point in history and test a trading system. The tool can display charts, indicators and economic events as if in real time.

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2016/05/03 · Forex Simulator | Soft4FX Trading Forex requires practice, but it takes a lot of time.Our Forex trading simulator lets you train much faster, without taking any risk.No more waiting for certain market conditions or price movements.No more having to watch the charts all day long.With our simulation software you can control the time and focus

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2016/02/01 · How to download high-quality tick data and economic calendar for Forex Simulator. Software is available at http://soft4fx.com/software/forex-simulator.php

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2019/01/01 · Personally I use the Soft4FX Simulator for MT4. For about US$100 and no further payments, it is great value. It is basically an EA that attaches to any MT4 chart where you can run all of the standard indicators, and most of your custom indicators

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The simulator can download historical data from Dukascopy, which is considered one of the best free data sources, and from TrueFX. Use broker’s data. Starting from version 1.7 of Forex Simulator it is possible to import historical data from Metatrader and use it in simulations.

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2019/02/07 · Hey everyone, this is another Forex simulator tutorial that is similar to the tutorial I did last week on FX Blue. This one has a few more features such as rewinding simulation data and automatic

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Accurate simulation, like you are trading real-time market. Synchronized time between all charts and windows, multi-currency trading without limits. Next tick order execution, spreads and

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Soft4FX Forex Simulator Publisher's Description. Turn Metatrader 4 into a powerful Forex trading simulator. Replay the market and trade historical data. Practice and …

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The best way to backtest a forex trading strategy is Forex tester, however, you can use Soft4fx forex simulator if you want to pay less. Why are they the best ways? to answer this question, you should read this post, however, you can find the difference between the methods in the table at the end of this post.

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Soft4fx Forex Simulator Review

I’m not a fun of Forex simulators but Soft4fx Forex Simulator grabbed my attention because it claims to help learners master trading in just hours, plus the sales page lists a number of features which might pique the interest of someone who wants to learn using trading indicators.

The Soft4fx Forex Simulator is a product of Soft4FX.com. The site was created in November 2011 and is owned and operated by Marcin Konieczny who lives in Poland. Click this link to visit them.

The company claims that they have programmed expert advisors, trading indicators and other scripts. But currently, the only known products by this developer are Soft4fx Forex Simulator and MT4 Trading Simulator Pro. Both products appear to work in the same way because they have identical features.

The focus of this review is obviously on Soft4fx Forex Simulator. We want to find out whether there is justification to spending $99 on this product or not.

In the meantime, these Forex expert advisors and trading resources can help you make consistent returns. They are currently our top recommendation.

Soft4fx Forex Simulator review

If you want to learn Forex trading, you can either opt for a complete course and a membership area that gives you access to every single tool and resources you’ll need or use an indicator like Soft4fx Forex Simulator to backtrack the historical data and test how you’d perform if the market was live.

This is something that is entirely up to you because no two persons are exactly the same in their opinions and way of thinking. But my recommendation is that you should combine these two for best results.

Since the Soft4fx Forex Simulator was rolled out, I have seen a number of updates from this developer, which is a sign that the developer is focused on continuously improving this product so it can become an efficient trading simulator.

Updates are done for free by the way. Some of the updates that have been done include features that let you import historical data from MetaTrader and use it in your trading simulations, ability to monitor multiple charts and in multiple time frames to follow price action, the ability to create your own time frame charts such as 10 min or 2-day charts and so on.

In this section, I will break down what you can do with the Soft4fx Forex Simulator.

» All charts can be synchronized and updated tick by tick

» All types of charts are supported, i.e Renko charts, Range charts, tick charts, seconds charts etc.

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» Built in economic calendar for news trading

» You can use MT4 templates to prepare charts quickly

» Full compatibility with custom-built MetaTrader indicators

» New York close 5-day charts but this is just one mode of charting as Soft4fX Forex Simulator also does charts based on Greenwich Mean Time (UTC+0).

Many traders are of the belief that the New York close 5- day chart is more important compared to the regular chart but in my opinion, I do not see any significant difference it can bring to your trading.

» Ability to save simulation such as stop loss, pending orders, trailing stops, take profit and other settings for later use.

» Full speed control lets you forward the charts candle by candle as fast or as slow as you like

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» Ability to rewind charts for better clarity

» Ability to manage risks based on risk-based position sizing or lot sizing meaning that you can define risks in terms of a dollar amount or as a percentage of your account balance.

» Automatic trade management for handling pending orders (One-cancels-other (OCO), break-even, take profit, stop loss and trailing stops

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» Visual trading for manipulating stops by simply dragging lines for take profit, stop loss, trailing stops on the chart

» Detailed stats, ability to export data to Excel and much more

Soft4fx Forex Simulator review: what exactly does it do?

The Soft4fx Forex Simulator simply helps you move back in time and simulate trading starting from any date of your choice.
The charts, the indicators, economic news and so on happen as if they were live.

The developer of Soft4fx Forex Simulator believes that paper trading/demo trading takes a longer time compared to historic simulation, something which I believe is very true because with a trading simulator, you can bring any type of market scenario onto the screen and start trading it right away while in demo, you have to wait for the market to do its thing so you can learn.

Other features of Soft4fx Forex Simulator

It’s compatible with Dukascopy and TrueFX. You can simulate a number of assets like Forex, Oil, Gold, Silver and stocks. So the Soft4fx Forex Simulator is for stock traders as well.

Soft4fx Forex Simulator client feedback

My impression is positive about this software. I didn’t know that such a tool existed until I tested it myself (there is a free demo to test this software by the way).

I have also seen a number of people commenting on the system and how it’s programmed to enable simulated trading. I believe the developer has done a really good job.

There are a couple of YouTube videos at the top of Google results which basically explain what Soft4fx Forex Simulator does and a few comments from people who claim they were pleased by the software’s capabilities.

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Conclusion

This is a tool that is designed to help you learn trading fast. So if your aim is to learn trading, I would recommend spending $99 on this indicator. However, it could work best if you combined it with professional Forex trading coaching because knowing what price action is doing and what to look for in order to place or exit a trade is not the function of Soft4fx Forex Simulator.

Soft4fx Forex Simulator Review

If you have something to say about this trading simulator, contribute in the comment section below this Soft4fx Forex Simulator review.