Statistics reveal your performance; you can take notes on every trade (to keep a trade journal) and export your trade log for analysis in Excel or other programs.
Forex Tester will help you to see the results and not the expectations that you are trying to project. If the strategy is unprofitable you will not need to spend months to comprehend it (as it happens on a demo account).
If you have backtested your strategy and discovered that it gives you profit then you can change some parameters of it and then start a new test. That will allow you to understand which shifts you need to do in order to improve your trading system.
The profit chart is a tool for your analysis, which will help to see the biggest balance, equity, margin and draw down changes. This will point you at the best and worst aspects of your trading.
Test your strategy on several currencies and timeframes at the same time. In Forex Tester you can open any number of charts of different pairs and timeframes, all charts are synchronized in time and are moving simultaneously.
Make Forex Tester analyze all your profitable and losing trades, income, draw downs, average profit/loss, max drawdown, max profit/loss trade, the quantity of profit/loss trades in a row and many others stats which will be useful for your analysis.
Spreads and swaps can be defined for each currency pair making the simulation and earning results even more realistic. Advanced data feed includes historical data from different brokers. Forex Tester enables you to train and test with a maximum flexibility. Even adjusting strategy parameters on-the-fly without stopping the simulation is possible. You can test more than one EA at a time while watching what is happening during the simulation.
Our program is the best solution available on the market and this is no coincidence: we first developed Forex Tester to improve our own trading.
Forex Tester is all about optimizing your strategy and saving your time. The project is one more feature that serves this aim and that is easy to be configured. You can save the open session, load another one and then continue the first session later. All your trade history will be available for you anytime you need.
You can also save color schemes, graphic instruments and indicators and then load them on the next chart. It is especially useful if you test your strategy on multiple currencies and multiple timeframes.
14 years of recorded price movement of the Forex currency market for
Forex Tester will most likely save you more money on the losing trades and let you make more money on the winning trades compared to what it costs; buying Forex Tester with our additional money-back-guarantee is a no-brainer.
Instead of spending months on a Demo Account, test your strategy for several hours on historical data.
If you have any doubts about buying Forex Tester then just think how many hours it can save for you and multiply these hours by your hourly rate. So in any case you will get more than you pay for Forex Tester.
If you are serious about trading currencies, Forex Tester will quickly become an integral part of your evolution as a trader like it has for so many others before. Many professionals use it on a daily basis to test new strategies and refine their proven methods. Its accuracy and flexibility is unrivalled.
It`s often said that 95% of Forex traders lose all their money in the first year.
What makes a trader successful then? In interviews, the best traders in history unanimously emphasize the importance of backtesting.
Backtesting means to use historical data of a capital market (a recording of price movement) to find out 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.
In Backtesting, trading many months of recorded market days within the simulation takes just a few hours of your time because you control the speed of the simulated market. This enables you to test not one but many strategies plus variations.
National Training Laboratories (NTL Institute) has discovered the learning pyramid that can be also applied to Forex Trading. Let’s take a look at methods to learn how the currency market works.
Traders read a lot of different books and articles related to Forex. By doing this they just absorb 10% of information. Watching videos where the mentor narrates about some strategy gives you 20% of understanding. If the same mentor demonstrates some specific details of his system you get 30% of information comprehending. Even if you go further and discuss your new knowledge on a popular forum you will still receive a half of what you could find out. The best possible solution for a better learning is to practice and to teach others. And Forex Tester allows you to backtest the strategy immediately and see right away if it is worth of your time and efforts. And when you find out some new things you can teach novice traders on forums. That will allow you to increase your retention rate till 90%.
Our Forex Software is the best option to master the new knowledge and develop your trading skills. So keep using old methods and after that consolidate it using the best program for backtesting.
You can read detailed instructions on how to install Forex Tester here.
In case if you are not satisfied with Forex Tester software (which is almost impossible) it is easy to uninstall it in "Start menu → All programs → Forex Tester → Uninstall Forex Tester".
Download now and see for yourself what Forex Tester can contribute to your success in this exciting business! The limitations of the demo are modest so you can use Forex Tester for learning/testing even in a demo mode.
Forex Tester is a software that simulates trading in the Forex market, so you can learn how to trade profitably, create, test and refine your strategy for manual and automatic trading.
Software to copy trades between MT4 accounts. Supports all brokers, has plenty of features such as Lot/Risk Management, Filtering trades and Reverse Trading, Lifetime Support.