International forex brokerage Pepperstone announced on Wednesday it has released a Trade Simulator for the MetaTrader 4 (MT4) trading platform. The tool is designed for strategy testing at all levels.
The new tool is available only to Pepperstone clients with live trading accounts with balance exceeding $500.
The MT4 Trade Simulator enables users to test strategies and multiple order management techniques using past trade data, and eliminates the need of time-consuming manual testing on demo accounts. It saves tones of time on testing and provides instant results and detailed analysis.
Traders can use the simulator to place market and pending orders, to set trailing stops, to alter the stop-loss (S/L) and take-profit (T/P) on orders, and to save complex order definitions as templates, among others.
In addition, Pepperstone offers a set of a little less than 20 smart trading tools for the MT4 platform. Some of these include Alarm Manager, Correlation Matrix and Trader, Sentiment Trader, and Tick Chart Trader tools.
Pepperstone, set up in 2010, is based in Australia’s Melbourbe, but also operates offices in US’ Dallas, UK’s London, China’s Shanghai, and Thailand’s Bangkok. It falls under the regulation of the Australian Securities and Investment Commission (ASIC) and the UK Financial Conduct Authority (FCA).
The broker that offers trading in currencies, precious metals, energies, soft commodities, and index contracts for difference (CFDs). It operates with retail and institutional clients in more than 65 countries globally. In addition to the MT4, Pepperstone also offers the cTrader trading platform.