BO Simulator – testing systems and indicators for binary options
bo simulator – program for testing systems
Almost always before trading on a real account it is necessary to check the system or indicator on the demo account in order to study the signals of the system (indicator), to avoid negative situations in real trading and to eliminate undesirable losses. But not every broker provides an opportunity to open a demo account. In this case, BO Simulator will help you, thanks to which you will be able to test your strategy on history and to trade it in real-time.
Characteristics of the BO Simulator
Platform: Metatrader4
Asset: Any
Trading Time: Around the clock
Timeframe: Any
Expiry: universal
Recommended broker: Binomo, Binary, IQOption
Installing the BO Simulator
1. You must have a terminal installed Metatrader 4 (if you do not already have it, download at this link)
2. Download the archive with the BO Simulator from the link at the bottom of this post, unpack the archive (using the WinRAR program). Copy the MQL4 folder to the Data Folder of your terminal, as shown in the image:
bo-simulator-install
3. Restart the terminal
4. In the terminal Metatrader 4 > Tools > Options > Expert Advisors select the check boxes as shown below:
bo-simulator-select-checkboxes
5. Start the Strategy Tester [CTRL+R] and select Indicator:
bo-simulator-select-indicator
6. Then select BO Simulator – Dark BG.ex4 from the list:
BO Simulator – testing systems and indicators for binary options
In the indicator settings you can set the following parameters:
Starting Balance
Payout Percentage
MyFont
BO Simulator has a panel with buttons CALL and PUT, besides you can set the volume of the investment and expiration, there are other information:
bo-simulator-info
How to use BO Simulator in practice is more clearly shown in this video:
In the video, I tested the strategy MTH ADX SMA Cross, which showed very good results with ITM 78.9%. This is a very decent result. You can get acquainted with this strategy here.
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