How easy it is to start testing in our trading simulator [Video]
In interviews, the best traders in history have unanimously emphasized the importance of backtesting. However, you must go to each pair and manually move each pair forward by the same amount of time with the F12 key. If you're backtesting in MT4 and you need to switch time frames for any reason, you will lose your place. Select "Export to file
Simple Forex Tester Demonstration
Simulate your manual trading at any point in history on any currency pair you wish, and practice your trading without risking anything! Simple Forex Tester comes with a full and complete set of educational videos, recorded by the software creator.
These videos will guide you through every aspect of Simple Forex Tester, step by step to ensure you can get the absolute most out of your testing efforts. A brilliant way to test and practice your trading ideas. Absolutely my favorite tool in my trading toolbox. Download Our Free App.
Trial Our Premium Membership. Government Required Disclaimer - Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Information about the most important features of Forex Tester 2 that will also be in Forex Tester 3: If you already use Forex Tester 2 then you can download the guide on how to move your projects, templates and data here.
Statistics reveal true performance: You can take notes on every trade keep a trade journal and export your trade log for analysis on Excel or other programs. Amateurs have to rely on assumptions and believe what others tell them.
Professionals, however, make their decisions based on facts. Forex Tester will deliver the hard facts about your strategies. If a strategy is not profitable, you will find that out quickly with Forex Tester contrary to testing in a demo account.
Now you can improve it or invest time in developing another strategy. Likewise, if you have a great strategy, you will want to trade as soon as possible. Forex Tester delivers the results you need to do so with confidence. When it comes to backtesting a trading strategy, optimizing its parameters can take it from okay to great.
Forex Tester makes this process easier than ever. Knowing which parameters make your strategy work will not only make the strategy better, but it can also help generate ideas for new strategies. Spreads and swaps can be defined for each currency pair, making the simulation and earning results even more realistic because you can simulate the broker of your choice.
The advanced data feed includes historical data from various brokers. Forex Tester enables you to train and test with great flexibility. You even have the option to adjust strategy parameters on the fly without stopping the simulation!
You can test more than one EA at a time while observing what is happening during the simulation. Our program is the best solution available on the market, and this is no coincidence: We are traders ourselves, and we initially developed Forex Tester to develop our own trading.
Forex Tester is all about maximizing your profits by choosing and optimizing your strategies and saving time. One of many details surrounding the project is that it will boost your efficiency. Forex Tester uses project files in the following way: You can save your current session, load another one and then continue the first session later.
You can also save color schemes, graphical instruments and indicators, and then add them to the next chart. This is especially useful if you are testing your strategy on multiple currencies and timeframes. Forex Tester will most likely improve your net results by much more than what it costs. If you are serious about trading currencies, Forex Tester will become an integral part of your evolution as a trader, just as it has for so many others before.
Many professionals use it on a daily basis to develop new strategies and adjust their proven methods to accommodate the changing market. Our accuracy and flexibility are unrivaled. So, what makes a trader successful? In interviews, the best traders in history have unanimously emphasized the importance of backtesting. Backtesting means using the historical data of a capital market price movement records to determine how well a trading strategy would have worked in the past. While there is no guarantee, very often a strategy that performed well in recent months will continue to generate profits in the future.
This enables you to test not one, but many strategies in addition to variations. Automatic backtesting occurs in just a matter of minutes, or even seconds. Forex Tester does both. With Forex Tester, you can practice analyzing the charts and finding opportunities to trade without risking any real money. When you trade manually with real money, you are under stress.
And yet, you still have to make quick decisions. This is something you can only do with sufficient experience. Our program is the quickest and most effective way to learn trading. MT4 is one of the best and most popular platforms for live and demo trading. It does include a feature for backtesting, which was added as a result of user demand. To close the gap, we developed Forex Tester because we wanted a better alternative for ourselves. Currency trading is one of the most complicated ways to make money.
To succeed in the forex market, a trader needs to develop the following 3 branches:. If your forex training does not involve at least one of these important steps, you will definitely lose in the long term. Our trading simulator allows people to improve their knowledge and skills in all of these areas. In terms of evolution, human beings have not adapted to accommodate trading.
In other words, we have all been terrible traders from the very beginning because our DNA does not have the necessary features to go about it effectively. Even if you learned all the ins and outs of the market in theory, you will still not be ready to trade without a strong ability to control your mind and emotions.
The only way to really handle this area is to use a forex simulator. Trade simulation is way of better than demo and real accounts. With demo accounts, you will have to wait for ages to open a decent amount of trades. With our trading simulator, traders have the opportunity to be in an exciting atmosphere where they do not know how the market is going to move as is the case with a live account. At the same time, traders can determine that information immediately — a feature offered by neither demo accounts nor live accounts.
In short, our backtesting software will supply you with all the market analysis tools you need to tame your inconsistent nature. The abundance of trading strategies available on the Internet creates the false belief that you have everything you need.
I browsed different forums, read testimonials and then finally decided to purchase the program. Even though I had to save money for several months, I'm definitely satisfied with my investment because I've already saved much more by not going along with losing strategies.
And of course I will keep testing every system I find because I have a lifetime license of Forex Tester. Was this review helpful?
The program is easy to use. If you worked with Meta Trader then you will quickly understand how to work with this software. The free data that comes along with Forex Tester is not that qualitative and has some gaps. However, when I imported the data from my MT4 the results became excellent.
I recommend this program to all traders, the beginners and the experienced ones. I was surprised when I realized how much time and money I was spending on a real account, when I could just choose to test my strategies on this backtesting software without losing anything. You will only be mislead by false assumptions and the ability replay. This software does nothing to help you make better LIVE trading decisions in real-time.
You are better off paper trading a demo account. I have been using your software for about a week now, and I must say I don't know how I could've lived without it! I've been trading Forex for over four years!!!
It's been the best money I've ever spent on software for forex trading! I love the order placement with its ease of use I was a bit scared of trying it but if I can figure it out, anyone can! So, in closing - thanks for a great product! This is the closest thing to real life that there is. You need to use this tester before you test with real money. I would like to be able to add some of my own indicators without having to be a programming genius. I have MT4, which this is very similar to, so I would like to add Mt4 indicators.
You have to have this program to TEST your trading. Demo accounts take to long to trade with. This is an invaluable tool for forex traders.
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