Welcome, traders! Today, I want to dive into the exciting features of the latest version of HistoryTraining V3, designed specifically for MetaTrader 4. This tool is a game changer for anyone looking to sharpen their trading skills using historical data.
What’s New in HistoryTraining V3?
This new version builds on the previous two by introducing the ability to set pending orders. This is a fantastic addition that gives you more control when simulating trades.
Getting Started
First things first, you’ll need to run the training.exe application. Once that’s up and running, open the Strategy Tester and start testing the attached expert advisor HistoryTrain.mql. Be sure to turn on the visual mode and adjust the scroll speed of the historical data to suit your pace.
Before you dive in, don’t forget to allow DLL imports in your settings. Here’s how:
- Go to the Tools menu and select Options.
- Check the boxes for:
- Allow DLL imports
- Allow live trading
- Uncheck the box for Confirm DLL function call.
Once you’re set up, you’ll see just three buttons in the application window: Buy, Sell, and Close. Keep an eye on the currency chart as you engage in trading activities—don’t forget to track your profits!
Installation Instructions
To get everything up and running, unpack the archive to the root directory. You’ll find a folder named c:\HistTraining containing these four essential files:
- HistoryTrain.mql
- libSharedVarsDLv2.def
- SharedVarsDLLv2.dll
- Training.exe
Make sure to copy HistoryTrain.mql to your folder with expert advisors.
Executing Trades
To open a new order, simply enter your desired position size and click either the Buy or Sell button. Your order will show up in the list. If you want to close a deal, just hit Close if it’s the only one. For multiple orders, select the one you wish to close first.
If you want to set a Stop Loss (SL) and/or Take Profit (TP), check the boxes next to the respective options. Draw two horizontal lines on the chart; these will represent your SL and TP levels. Then click either Buy or Sell to execute.
Setting Up Pending Orders
To place a pending order, check the box for Pending order and draw a horizontal line. Then, just click on either the Limit order or Stop order button. If you want to include SL and/or TP, make sure to tick the appropriate boxes and draw the corresponding lines on your chart.
For more insights, feel free to visit the author’s site at www.brokcompare.com.
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