The Mind Wave Trading Simulator utility is designed for both educational and real trading. It works in the tester and in the real market. The product extends the functionality of MetaTrader 4 and simplifies testing and trading.

When used in the tester, the utility makes it possible to practice manual trading by applying time acceleration. You don’t have to wait hours and days in real time to evaluate a particular manual trading strategy.

• Setting stop levels not only at price levels, but also in pips from the order opening price or the current price.

• Setting pending orders in pips from the current price.

• Trailing stop in % (in addition to pip) for market orders.

• The target value of equity and stop loss. When the equity reaches a certain level, all market orders are closed. The value can be either lower than the current one or higher.

• Trailing stop equity. Closes all orders after the equity level falls by the specified value after reaching the next maximum. It works like a regular trailing stop, but applied to equity, not to price.

• The Moving Trade Widget (widget of an open transaction) allows you to compare the level of a pending order with the current price level. It also allows you to change, close or delete an existing order. Can place market orders.

• Setting stop levels and pending orders by dragging lines instead of entering values.

• Individual order reports, including MAE, MFE distributions, the lifetime of market orders, the lifetime of pending orders, the opening method (activation of a market or pending order), the closing method (manual closing, take profit triggering, stop loss triggering, trailing stop triggering equity) and other data.

• Mass close and delete buttons.

• Buttons for mass removal of stop levels.

• Calculating the risk level. Calculation of the current total risk based on market orders.

  Example: BUY 0.1 EURUSD BUY 0.15 EURUSD SELL 0.2 EURUSD = BUY 0.05 EURUSD (total risk).

• Spread expenses. Shows the spread expenses in money and pips.

• Removing stop levels of any order with one click. With two clicks, you can set stop levels as an offset from the current price (for market orders) by a certain offset step (set in the input parameters).

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Setting stop levels not only at price levels, but also in pips from the order opening price or the current price.

Setting pending orders in pips from the current price.

Trailing stop in % (in addition to pip) for market orders.

The target value of equity and stop loss. When the equity reaches a certain level, all market orders are closed. The value can be either lower than the current one or higher.

Trailing stop equity. Closes all orders after the equity level falls by the specified value after reaching the next maximum. It works like a regular trailing stop, but applied to equity, not to price.

The Moving Trade Widget (widget of an open transaction) allows you to compare the level of a pending order with the current price level. It also allows you to change, close or delete an existing order. Can place market orders.

Setting stop levels and pending orders by dragging lines instead of entering values.

Individual order reports, including MAE, MFE distributions, the lifetime of market orders, the lifetime of pending orders, the opening method (activation of a market or pending order), the closing method (manual closing, take profit triggering, stop loss triggering, trailing stop triggering equity) and other data.

Mass close and delete buttons.

Buttons for mass removal of stop levels.

Calculating the risk level. Calculation of the current total risk based on market orders.

Example: BUY 0.1 EURUSD BUY 0.15 EURUSD SELL 0.2 EURUSD = BUY 0.05 EURUSD (total risk).

Spread expenses. Shows the spread expenses in money and pips.

Removing stop levels of any order with one click. With two clicks, you can set stop levels as an offset from the current price (for market orders) by a certain offset step (set in the input parameters).

The user interface consists of panels corresponding to a specific function. They can be shown or hidden at your discretion.

• maxSlippageInPoints – maximum slippage in points, above which the transaction does not open.
• InitialLots – the initial volume of new orders. Can be changed during operation.
• InitialTargetPips – initial target value in pips for new orders.
• MinimalTargetPips – minimum take profit in pips.
• TargetApproachingSignalLevelPips – threshold value in pips for visual indication of the approach to the take profit level.
• InitialStopLossPips – initial stop loss in pips for new orders.
• MinimalStopLossPips – the minimum stop loss of the order in pips.
• StopLossApproachingSignalLevelPips – threshold value in pips for visual indication of approaching the stop loss level.
• MinimalTrailingStopPips – the minimum level of the trailing stop in pips.
• MinimalTrailingStopPercent – minimum trailing stop in %.
• MinimalPipsProfitForTrailingStopPercent – the minimum profit in pips required to include a trailing stop in % for market orders.
• InitialPendingOrderOffsetPips – initial shift of the pending order opening price relative to the current price, in pips.
• MinimalPendingDistancePips – the minimum shift of the pending order opening price relative to the current price, in pips.
• PendingOrderApproachingSignalLevelPips is a threshold value in pips for visual indication of the approach to the trigger level of a pending order.
• QuickEditorStartLevelPips – the initial level in pips for quickly setting stop levels as an offset from the current price.
• QuickEditorStepPips – the step in pips between the changeable stop levels.
• QuickEditorPercentTSStartLevel – the initial level in % for quick installation of a trailing stop.
• QuickEditorPercentStep – the step in % between the changeable levels of the trailing stop.

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