Trading Simulator in StrategyTester MT4

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 4 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 5 version: Rhino Backtest Manager for MT5

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 5 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 1
reign777
280
reign777 2025.04.22 17:44 
 

Sandro is extremely helpful and quick to support this product with fixes and upgrades. One of the very few products that displays your risk at full stop out for your each and all trades.

Excellent tool for managing risk, placing trades and displaying your account performance.

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Effortlessly calculate lot sizes and manage trades to save time and avoid costly errors The Trade Pad Pro EA is a tool for the Metatrader Platform that aims to help traders manage their trades more efficiently and effectively. It has a user-friendly visual interface that allows users to easily place and manage an unlimited number of trades, helping to avoid human errors and enhance their trading activity. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] One of the k
Unlimited Trade Copier Pro is a tool to copy trade remotely to multiple MT4, MT5 and cTrader accounts at different computers/locations over internet. This is an ideal solution for you if you are a signal provider and want to copy your trades to other receivers globally on your own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not b
Bar Replay MT4
Hoang The Manh
3.43 (7)
Don't purchase before testing the Demo version first. DEMO version:   https://www.mql5.com/en/market/product/76917 __________________________________________________ This EA  - Tool allow you replay bar in Meta Trader 4 for back test. This Tool can back test in multi timeframe in only one chart. This Tool is very useful for Price action trader. It can work with Indicators, some indicators cannot works. So please download Demo to test before purchase.  Demo Version We do not accept refund in any
This is a program in the form of an EA that attaches to a chart in MetaTrader 4. Then, by using API from Bittrex, Binance websites, it downloads the history of altcoins. By selecting a pair name, the EA automatically downloads all time frames history (Daily,H12,H4,H2,H1,M30,M15,M5,M3,M1) so there is no need to attach multiple EAs to different charts. You can select one pair from Bittrex and 4 pairs from Binance exchange with one running EA and create up to 15 timeframes for 5 different pairs. Th
Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-up
Grid Manual MT4
Alfiya Fazylova
4.71 (17)
Grid Manual is a trading panel for working with grid strategies. The utility is universal, has flexible settings and an intuitive interface. It works with a grid of orders not only in the direction of averaging losses, but also in the direction of increasing profits. The trader does not need to create and maintain a grid of orders, the utility will do it. It is enough to open an order and the Grid manual will automatically create a grid of orders for it and will accompany it until the close. Ful
Zone Trader MT4
Lee Samson
5 (1)
Trade support and resistance or supply and demand zones automatically once you have identified the key areas you want to trade from. This EA allows you to draw buy and sell zones with a single click and then place them exactly where you expect price to turn. The EA then monitors those zones and will automatically take trades based on price action you specify for the zones. Once the initial trade is taken, the EA will then get out in profit at the opposite zone you place, which becomes the target
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reign777
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reign777 2025.04.22 17:44 
 

Sandro is extremely helpful and quick to support this product with fixes and upgrades. One of the very few products that displays your risk at full stop out for your each and all trades.

Excellent tool for managing risk, placing trades and displaying your account performance.

Sandro Begashvili
2481
Reply from developer Sandro Begashvili 2025.04.23 07:18
Thank you for your great review! If you have any additional ideas or come across any bugs, please don’t hesitate to let me know. I’m always eager to hear your feedback and work on improving the Trading Tool.
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