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Skill Builder FX Trade Simulator Review

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Skill Builder can be found on the MQL5 marketplace under the Utilities heading, it was created by James Hodges and first uploaded to the marketplace on the 13th of October 2016. It has received a number of updates, the most recent update was on the 2nd of February 2018 and the software is currently at version 1.5.

Overview

Skill Builder is an expert advisor that can be used with the MetaTrader 4 trading platform, its main purpose is to provide a trade simulator that can be used to test out new and existing trade strategies.

The Skill Builder will allow you to:

-Place Buy, Sell, Buy Limit, Sell Limit, Buy Stop and Sell Stop orders.
-Close the trade fully or partially.
-You have the option of using three types of trailing stops.
-Regular, Candle and Moving Average as well as an automatic move to break even.
-Move stops to ‘Lock In’ pips with the click of a button.
-Reverse your position with a single click.
-You can enter the new lot size or other trading parameters directly on the screen as the tester runs.
-Once in a trade, the stop loss and take profit can be moved in any direction with the click of a mouse.
-Control the speed of the tester. It gives you time to watch for emerging patterns while closely monitoring the condition of your indicators.
-Once in the trade, you can increase the speed and see how the trade goes.

There are also a number of parameters available, these allow you to alter the way in which the EA works, they include lot sizes, take profit values, stop loss values, automatic breakeven, amount to lock in, trailing stops, type of trailing stop, MA period, MA method, text colors, and more.

Service Cost

Skill Builder will cost you $47 to purchase it outright, this will get you 5 activations of the software. Unlike man utilities on the MQL5 marketplace, there is no option to rent it. A free demo version is available, but this will be severely limited and we do not actually know the details of it.

Conclusion

Unfortunately, there aren’t any user reviews or ratings for Skill Builder so it is hard to work out if it works well and how people are finding it. There are some comments, the developer was originally replying by has not replied since 2018 which is concerning, we would suggest contacting them before making a purchase just to make sure that they are still supporting the EA. Some of the comments indicator that it is working but with small questions while others seem to be struggling with some aspect, so not having support is a big concern.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/18682

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