Multiple Testing
Save Time
Statistics
Historical Data
Automated Trading
Reliability
Control
Learn from mistakes
Simplicity
Must-Have Tools
Customization
Convenience
Support
Multiple currencies and time frames

Test your strategy on several currencies and time frames at the same time. In Forex Tester you can open any number and combination of charts of various pairs and time frames. All charts are synchronized.

Test several strategies at the same time

Most traders use more than one strategy in their trading. All these share the same account: As long as money is invested in open positions of strategy A, it is not available for opening a trade in strategy B or C. This represents yet another factor where software that was not designed for backtesting produces unrealistic test results. When your trading in your live account relies on those results, you`ll have unexpected losses and can only scratch your head why that is. MT4 for instance can test one strategy at a time. Forex Tester in contrast can include multiple strategies for a truly realistic test. All interactions between your strategies can now be simulated. Test results are a lot closer to what you will see in your real broker account. With Forex Tester, finding the most lucrative or stabile combination and priorities of your strategies can be achieved while staying in the save simulation environment.

Saves valuable time

Instead of spending months with a Demo Account, you can test your strategy within a few hours on historical data.

Let’s take a look at two ways to test your strategy:

Forex Tester

John on the other hand has a strategy that allows him to enter the market once or twice a week. He understands that one should wait for trades that fit his strategy`s rules –instead of taking many trades that fit his strategy criteria only 60-90%. John knows that becoming a millionaire in 6 months is unrealistic. He is not in a hurry. John decides to test his strategy in Forex Tester. He tested it on 15 years of accurate data and concluded that the strategy is good. He did not miss any trades as it often happens on a demo account. And John could test his strategy on weekends when he had enough time. It was easy to test the same strategy with little changes, to find the most profitable setting and get a feeling of which parameters have what kind of impact on the results. His testing method produced a result that does not only look reliable, it IS reliable. It is based on several hundred trading opportunities, on historical market data with no gaps and following the strategy`s rules. This sounds like a lot of work, but actually all this took him only 2-3 weekends and his live trading results will most likely be a lot better than Bill`s.
After that John opened the real account and has been trading successfully since that time.


Conclusion: Confidence based on false assumptions („my strategy that I test-traded on lunch-breaks on that demo account worked, so I can use it live now“) are expensive. Why would anyone choose that method? First of all, if you don`t know that the test results you get with broker software are not realistic, why would you look for anything else? In addition, many people think doing anything „properly“ takes a lot of time. In reality, the opposite is the case with Forex Tester vs. demo accounts: With Forex Tester you are a lot faster. Of course, using the broker software that you already have is obvious, many people do it. But most of those people lose money. Do not rely on second-class-results. Test your strategy on a long period of data and save time doing it. Your confidence will then be built on a solid foundation of facts.

Demo Account

Bill has a strategy which gives him several trading opportunities each day. As a typical trader he spent a couple of weeks on testing this strategy in a demo account. He has missed many trades because (a) he is not able to trade 24 hours a day and (b) he is human and makes mistakes sometimes. That is why his results are compromised. They can not tell him of how good the trading strategy really is because that would require that the strategy is performed without missed trades or late entries. Twenty or thirty randomly chosen trades are not enough to decide whether a strategy is trustworthy (remember that Bill –while going about his daily life– has missed many trades that qualified as setups according to his strategy). Needless to say that it is too early for him to go into the real market with this strategy. But Bill assumes that he knows everything he needs. Most likely Bill will lose a substantial part his deposit while finding out that his testing method produced a misleading result. That does not mean that he will understand why it didm`t work, so he will probably try again with the same method. Maybe you know people who have experienced that.

Conclusion: Testing in a demo account suggests reliability of your strategies that they don`t really have. For many traders this leads them to be confident in strategies that do not deserve this trust. But as they don`t know what the problem is (it did work in demo account testing), they continue to go through an emotional roller coaster ride with more losses than wins. A few months on a demo account are not enough to learn trading and find solid strategies.

The fastest backtesting program on the market

Forex Tester gives you an opportunity to test faster than any other software does. Save time and get much more solid results than before. Broker terminals are good for live trading but not for testing. Our software is specialized for testing and fills the gap.

Non Stop Trading 7 Days a Week

Many traders would love to practice on weekends. With Forex Tester you will be able to make progress 7 days a week. If you are very dedicated to develop your trading and understanding of the market, then you no longer have to settle with the market limitations: Make use of the days when you are free from every day routine.

Templates

Speed up preparations for your regular testing by optimizing the interface to your individual needs with templates.

Automatic strategies (EAs)

Forex Tester allows testing Automatic Strategies (Expert Advisors)
Here`s some of the advantages:

  1. You can backtest strategies based on multiple currency pairs and time frames
  2. You can see how exactly your strategy performs in real time. In other programs charts cannot be opened before the test is finished. Forex Tester allows opening many charts while your strategy is working (in any time frame, with applied indicators, graphical objects, etc.).
  3. Forex Tester allows you to test strategies with real tick data that includes floating spread. So now you can even test scalping EAs.
  4. You can adjust strategy parameters while the test is running (indicators, market conditions and so on). Other software only performs backtests with fixed parameters. This is a real time saver in the experimenting stage.
  5. You can pause testing and analyze the market situation. Or you may “rewind” and “re-play” interesting moments to analyze the behavior of the strategy.
  6. In Forex Tester it is possible to simultaneously test more than 1 EA as well as many instances of the same EA (on several currency pairs for example).
  7. Leverage, spread and swaps can be defined by the user for all individual currency pairs in Forex Tester to simulate conditions close to the real market. This is another important factor that makes results with Forex Tester way more accurate than with other software.

If you`d like to create an automatic strategy but have no programming skills, don`t hesitate contacting us at services@forextester.com and we will help you to create an automatic strategy.

Test combined strategies (Automatic + Manual)

It is possible to test combined strategies (Manual + Automatic) in Forex Tester. For example: You enter trades manually and exit automatically or vice versa. This gives you the opportunity to creatively test different ideas before spending time and efforts on programming fully automatic strategies.

Get better test results (more reliable, solid, realistic)

People who use live trading software (the programs you get from your broker) for backtesting often complain, that strategies perform great in the testing stage, but do not work at as well in live trading. There are various ideas as to why that is. Forex Tester has many advanced features that make tests very realistic (simulating with multiple strategy combinations, floating spread, etc.). With these advantages, Forex Tester plays in a another league compared to other programs. If you suspect test results to be compromised by a dishonest broker, then you can be certain that the results in Forex Tester provide you with objective information on the quality of your strategies because Forex Tester is independent of your broker account.

Try Forex Tester for free* and get an idea of how many hours it will save you each week. When you multiply these hours by your hourly rate, then you will get an idea of the value. The improvements in your broker account are not even taken into account at this point. Just take a look at your trading history and compare it to the tests in Forex Trader. We are confident to say that no matter where you are at the moment, you will get a lot more out of Forex Tester than you pay for it. Maybe your broker won`t like that, but everybody else (you and us) will be happy with the results. :) *100% free with modest feature limitations or 30 days testing with no feature limitations if you purchase and use the 30-day money-back-guarantee

Control the speed of testing

The scroll bar allows you to set the simulation speed.
You can for instance set the speed to real time (as the real market). This will give you the most realistic online trading experience when simulating manual trading. Or you can speed up testing and pass a few years of data in a minute.

Save/Open multiple Projects

Test your strategies, pause and resume at any time you want. For example, you may start testing some strategy one day and finish it another day. Or you may pause your testing for the vacation period. Whatever your schedule is, with Forex Tester, you are in full control.

You can send your testing project to other Forex Tester owners. This is incredibly valuable if you have a trading-buddy or a mentor who can give you feedback. Otherwise you would have to make screenshots and explain things in an email.

Move in adjustable steps (the simulation does not move forward automatically but in steps of x minutes or hours with each click)

You can move to the next bar on the chart by pressing “Space” key. This is useful if your strategy requires the current bar to be closed before the next action.

Create your own timeframes

In case you need to test the strategy in a time frame, which is not included by default, you can easily create a template for this time frame by yourself (how about trading on 3-minute or 8-hours charts?)

Replay your trading history from MT4

Professional sports teams review their games on video. This is called After Action Review (AAR) and is used in many professional fields. Forex Tester allows you to apply this excellent learning tool to your trading: Load trading history from MT4 into Forex Tester and watch yourself trading and making decisions in replay. Whatever you`d like to review: Your emotions or the time you need to manually open a trade in a hectic market –now you can. And again, your mentor or trading buddies can give you feedback. If you have lost money but don`t know what went wrong, maybe you`ll quickly see it in replay. You can only learn from mistakes, if you are aware of them. If you won, then capitalize on that by defining a strategy based on it.

Learn from mistakes

Test, go back at any number of bars and go through again.

Reliable and Accurate Data

Don’t spend your time on searching for good Forex historical data. We provide accurate data of the last 15 years in three subscription types:

Basic - totally free 1-minute historical data from Forexite broker (updated monthly);

Standard - paid 1-minute historical data from 11 of the most popular brokers (includes ECN!, updated daily). You do not have to choose one of those brokers: You always get all within this package;

VIP - paid tick data from 11 of the most popular brokers (includes ECN!) with floating spread –perfect for Scalping, News-Trading, most realistic simulation (updated daily);

You have the choice of free data with solid quality (sufficient for many test scenarios); or a paid data service to get excellent historical market data from a variety of the most popular brokers –for backtesting without compromises.


15 years of 1-minute data To test your strategy
over a long period of time
5 years of tick data For getting the most precise information
possible and the most realistic feeling of live trading in the simulation
116 most traded currency pairs Trade the most volatile instruments outside of Forex in addition to currencies
S&P 500, NASDAQ,
Dow Jones Industrials
and 8 most popular stocks
To have an alternative to Forex
Gold and silver Try your strategy on the most
manipulation-free market
11 brokers for finding out which broker gives you the best results

If you prefer to import data from your own source, then you can do that, too.

Adjust the settings exactly to your broker

You can change:

  • spread
  • leverage
  • swaps
  • initial balance
  • minimum distance to price
  • digits after profits
  • margin
  • hedged margin
  • the lot size
  • and many different parameters

Simulate depositing and withdrawing money.

Test any instruments (Forex, metals, stocks, CFD)

Forex Tester is not limited to Forex. Whatever instrument you have data for (stocks, CFDs, you name it…), Forex Tester lets you simulate trading it. Here again, the total flexibility with the transaction costs comes in handy.

16 currency pairs
Gold
Silver
User-friendly Interface

The entire user interface (icons, buttons, menus, tool tips, …) is arranged in a way that we hope makes understanding how to use Forex Tester as easy and intuitive as possible.

Simulate trading the live market with historical data with the highest level of realism available.

Forex Tester’s interface is very similar to MetaTrader 4. If you are an MT4 user then you will feel right at home with Forex Tester.

Likewise, everything you practice in Forex Tester will be directly applicable in live trading Forex with MetaTrader 4.

Automated Trading Statistics

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 that will be useful for your analysis.

Analyze the profit/loss tendencies

The profit chart will help to see the biggest changes in balance, equity, margin and drawdowns. It is a great indicator for the strongest and weakest aspects of your trading.

Export statistics and trading history to Excel

Apply custom analysis of your trading history in Excel. This may allow you to understand strong and weak sides of your trading even better.

The Indicators and Oscillators

Forex Tester has many built-in indicators and oscillators, so you can test trading systems based on these. Additionally, you can create any custom indicator with the help of our API.

Plenty of Graphic Tools

In Forex Tester you can use trend, horizontal, vertical and poly lines; all Fibonacci instruments such as retracements, extensions, fans, arcs and time zones. We also provide a unique and easy method of marking the waves on charts.

Let profitable trades run

Use trailing stops to limit losses due to retracements without closing profitable positions too early.

Use different chart types

Forex Tester allows you to train your skills on Japanese candle sticks, bars, range bars, lines, and custom charts like Heiken Ashi. All the charts (regardless of their type) are synchronized and can be used simultaneously.

Have all the necessary information about the bars and indicators in one place

Customize the chart appearance

Adjust the visual appearance of the trading terminal to your work flow.

Organize your workspace at will

Windows can be arranged in many different ways. Place them horizontally and get all the necessary information at a glance; tile them in a cascading style and switch easily between them with a click of the mouse. If you have many monitors, you can adjust the size of the program and then place charts on any monitor.

Open predefined orders or groups of orders with a single click

Set a group of market or pending orders and activate them with one mouse-click or by pressing the hotkey. This feature can be useful if your trading is based on news events for example.

Multilingual interface

20 languages are available for a better understanding of the Forex Tester’s interface. There are English, Japanese, Portuguese, Russian, Vietnamese, Spanish, Polish, Hungarian, German, Czech, Dutch, Simplified and Traditional Chinese, Norwegian, Indonesian, Slovak, Italian, Thai, Turkish, and Arabic.

multilingual inteface
Set stop losses and take profits with fewer clicks

Now SL/TP levels can be set in several user friendly ways:

  1. Define directly from the chart with a "dropper"
  2. Define in PIPS
  3. Enter as number
Take screenshots with a single mouse-click

Keeping a diary with detailed explanations and screenshots for each trade is very valuable both for self-reflection and learning as well as for feedback or demonstrations with mentors, friends, students (if you are a teacher), and on forums.

Competent help by our support team and the forum

Whenever you have a question about or problem with Forex Tester, our support team will help you. Contact us via online chat or email. Many answers to common questions can be found in the FAQ on the Forex Tester home page and the forum. Our goal is to make you get as much out of Forex Tester as possible.

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