A simulation is being conducted bi-weekly with members, and this week they are collecting karma points while streaming it on YouTube. They will not answer any questions from YouTube as things discussed will be straightforward. The charts are of high quality, and the software used for backtesting is Soft4FX. They will simulate trading on Gold for 20 random Sundays over a year. The charts opened are the 15-minute, 30-minute, one hour, four-hour, daily, and weekly, and the pre-London time is noted. Finally, they will look at the daily timeframe, and scale-fix the charts to one hour.

Trading Simulator: How to Use Soft4FX

Introduction
In this article, we will discuss the popular trading simulator software called Soft4FX. It is commonly used by traders to back-test their strategies before implementing them in live trading. We will demonstrate how to load up the charts, select dates, and execute trades using Soft4FX.

Getting Started with Soft4FX
To get started with Soft4FX, traders can go to the website and purchase the simulator software. Once downloaded, traders will need to configure the settings such as starting balance, leverage, and fixed spreads. Soft4FX is available on MT4 and works on both Windows and MAC operating systems.

Selecting Dates and Loading Charts
After configuring the settings of the trading simulator, traders can now select the dates they want to simulate their trading strategy on. We recommend selecting dates within a year to ensure the data is relevant. We will use Sundays in this example, as this is when the markets open.

Once the dates have been selected, traders can load up the charts they want to trade on. We recommend having daily, 4-hour, 1-hour, and 15-minute charts for reference. Traders can also scale-fix their charts as needed.

Executing Trades on Soft4FX
To execute trades on Soft4FX, traders can simply use the buy and sell buttons located at the bottom of the simulator screen. Traders can also set their stop loss and take profit parameters.

It’s important to note that Soft4FX does not allow traders to use actual trading accounts, instead, they will need to simulate trades using virtual funds. However, this is a useful tool for traders to test their strategies without risking live trading capital.

Conclusion
In conclusion, Soft4FX is a useful trading simulator software for traders to back-test their strategies before implementing them in live trading. It is easy to use and allows traders to simulate trades using virtual funds. By using Soft4FX, traders can improve their trading skills and increase their chances of success in the markets.