Trading Simulator in StrategyTester

5

Rhino Backtest Manager - Trade Manager for Live Trading and the Strategy Tester

Rhino Backtest Manager is a trade management panel that works both in live trading and in the MetaTrader 5 Strategy Tester. It allows you to place and manage orders manually inside the tester using the same interface as on a live account, so a strategy can be tested on historical data and then traded without changing tools.

The panel calculates position volume from your risk settings, shows the money value of every stop loss and take profit before the order is sent, and keeps a record of results by day, week, month and account lifetime.

User manual: How to use the product

Free demo version: Download the demo

MetaTrader 4 version: Rhino Backtest Manager for MT4

The fonts supplied on the manual page must be installed before the first run. Without them the panel is not displayed correctly.

Features

Dual mode. The same panel runs in live trading and in Strategy Tester mode.

Order types. Instant, limit and stop orders, with the entry price adjustable before sending.

Risk settings. Stop loss, take profit and a risk-reward ratio can each be switched on or off.

Volume calculation. Position size can be set as a fixed lot, as a fixed amount in the account currency, or as a percentage of the balance.

Trade list. Open positions and pending orders are listed with volume, direction, entry price, stop loss, take profit and current result. Trades can be closed one by one or all at once.

Statistics. Account figures, win rate by direction, and net profit for the current day, week, month and the whole account history.

Market watch. Bid and ask prices for the symbols in Market Watch, with a click to open the chart of a symbol. Available in live trading.

Chart labels. Each trade is marked on the chart with its entry line, volume and current result, together with a button to close it.

Day result. A separate window shows the net result of the current trading day in a large font.

Themes. The interface can be switched between a dark and a light colour scheme.

Indicators in the tester. Save your chart as a template named tester.tpl and your indicators are loaded automatically when the tester runs.

Windows

Window Contents
Main panel Opens and closes the other windows, switches the colour scheme, shows or hides the chart labels
Control panel Direction, volume mode, order type, stop loss, take profit, risk-reward ratio, entry price and the order button
Trade box Price level, distance in pips and money result for the stop loss and the take profit, with symbol, volume, order type and entry price
Trades window Positions and pending orders, with individual and batch closing, and the combined result if all stops or all targets are reached
Statistics window Account figures, trade counts and net profit by period
Market watch window Bid and ask prices with chart switching, in live trading
Day result window Net result of the current trading day
Chart labels Entry line, volume and current result for each trade, with a close button

Statistics

Account Trades Net profit
Balance Number of trades Today
Equity Win rate Current week
Free margin Long trades and their win rate Current month
Margin level Short trades and their win rate Whole history

Differences between the two modes

Function Live trading Strategy Tester
Instant, limit and stop orders Yes Yes
Stop loss, take profit, risk-reward ratio Yes Yes
Trades window and batch closing Yes Yes
Statistics window Yes Yes
Chart labels Yes Yes
Dark and light theme Yes Yes
Market watch window Yes No
Moving stop loss and take profit by dragging Yes No
Typing values with the keyboard Yes No

MetaTrader does not accept keyboard input inside the Strategy Tester. In tester mode all values are set with the arrow buttons, which change a value by one step or by ten steps.

Getting started

1. Install the fonts from the manual page.

2. Attach the product to a chart, or select it as the expert advisor in the Strategy Tester.

3. Open the control panel from the main panel and choose buy or sell.

4. Choose how the volume is calculated and select the order type.

5. Switch on the stop loss, take profit and risk-reward ratio you need, and set the levels with the arrow buttons or, in live trading, by typing them.

6. Send the order and manage it from the trades window.

Questions and answers

Does it work inside the Strategy Tester? Yes. Order handling, risk settings, statistics and chart labels are all available while the tester runs in visual mode.

Is there a demo? Yes, a free demo version is linked above.

Is there a version for the other platform? Yes, the MetaTrader 4 version is linked above.

The panel is not displayed correctly. The fonts are not installed. Install the fonts from the manual page.

Can I use my own indicators while testing? Yes. Set up the chart in live trading, save the template under the name tester.tpl, and the indicators are loaded when the tester runs.

Which symbols and timeframes are supported? All symbols and timeframes offered by your broker.

Why can values not be typed in the tester? MetaTrader does not accept keyboard input in the Strategy Tester. Use the arrow buttons instead.

Questions and suggestions are welcome by private message.

Reviews 2
Bob
92
Bob 2025.03.01 09:46 
 

This EA is so helpful for my backtesting trading. Using this tool improved my strategy testing. I like it.

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Smart Stop Scanner – Multi-Asset Stop-Loss Intelligence for Modern Traders Overview The Smart Stop Scanner brings professional stop-loss monitoring to every chart. It analyzes market structure, detects meaningful breakouts, and identifies the most relevant protective levels across Forex, Gold, Indices, Metals, Crypto, and more. All results appear inside one clean, DPI-aware dashboard designed for clarity, speed, and instant decision-making. This tool is part of the Stein Investments ecosystem
Seconds Chart MT5
Boris Sedov
4.61 (18)
Seconds Chart is a unique tool for creating second-based charts in MetaTrader 5 . With Seconds Chart , you can construct charts with timeframes set in seconds, providing unparalleled flexibility and precision in analysis that is unavailable with standard minute or hourly charts. For example, the S15 timeframe indicates a chart with candles lasting 15 seconds. You can use any indicators and Expert Advisors that support custom symbols. Working with them is just as convenient as on standard charts.
Trade Dashboard MT5
Fatemeh Ameri
4.94 (135)
Trade Dashboard simplifies how you open, manage, and control your trades, with built-in lot size calculation. It allows you to execute trades, manage risk, and control positions directly on the chart, with tools such as partial close, breakeven, and trailing stop. Designed to reduce manual work and help you stay focused on your trading decisions. A demo version is available for testing. Detailed explanations of features are provided within the MQL5 platform. Installation instructions are include
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Bob
92
Bob 2025.03.01 09:46 
 

This EA is so helpful for my backtesting trading. Using this tool improved my strategy testing. I like it.

sajjadha72
32
sajjadha72 2023.10.31 10:44 
 

User didn't leave any comment to the rating

Sandro Begashvili
2754
Reply from developer Sandro Begashvili 2023.11.12 21:46
Thanks, too.
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