An essential tool in trading algorithm development. A good trader should never use any trading systems into their live trading before doing all things that can be done using this tool.
This tool gives a more complete capability to analyze MetaTrader reports, e.g. for doing risk analysis on a portfolio of multiple currency pairs, something that can not be done by using the Metatrader alone.
Its RiskSIM simulator, with the capability of doing Monte Carlo test is an important tool to further understand the risk profile of a trading system being tested.