Hi @juninholiveira90
there's no simulator for MPC5xx. The only simulator we had was for 16bit S12 devices.
But notice that Multilink FX will NOT work with CW8.7.
The only version of CodeWarrior supporting MPC5xx is CW 8.7. It is very old device, so the support was not added to newer versions of CodeWarrior.
CW 8.7 works only with this version of Multilink:
http://www.pemicro.com/products/product_viewDetails.cfm?product_id=164&productTab=1
One more option I found now is that Pemicro provides also In-Circuit Debugger:
http://www.pemicro.com/products/product_viewDetails.cfm?product_id=120&productTab=2
So, you could compile your project in CW 8.7 and then you could use generated elf file to load and debug it by this debugger. But please check with Pemicro if Multilink FX is supported by this debugger, I do not have this information.
Regards,
Lukas