Forex Tester 3 has been released!
Forex Tester gained even more features and is configured even more easily
Information about the most important features of Forex Tester 2 that will also be in Forex Tester 3: www.forextester.com/features
If you already use Forex Tester 2 then you can download the guide on how to move your projects, templates and data here.
Forex Tester 2 vs Forex Tester 3 comparison table
|Feature||Forex Tester 2||Forex Tester 3|
|Simplified mode system||History + Testing modes||One aggregate mode|
|Automated ticks generation||Uses 1 core of your PC’s processor||Utilizes all processors cores for speeding up the testing|
|Keep all testing parameters in the projects||Time consuming five-step process||One-step process|
|Number of simultaneous currency pairs for downloading||1 pair at a time||Any number of pairs at a time|
|Increased data downloading and processing speed||Single-threaded data downloading||Multi-threaded data downloading|
|Profile (desktop) saving||
|Smart Profit Chart for analyzing the strategy’s performance||Only main features||Features to perform detailed analysis|
|Automated time shift for all of the project's currency pairs||
|Number of built-in EAs for automated testing||1||Three for now, but users of Forex Tester 3 will have more EAs soon|
|Easily move SL/TP levels of pending orders with the mouse||-||Save time on placing and changing orders|
|Use the software on multiple monitors||
||Any number of monitors|
|New, more user-friendly software registration scheme||-||Faster and easier|
|Organizing of the workspace based on preferences||-||New doc-interface where you can detach, merge and move any window or tab|
|Shows real number of ticks||Not always||Always|
|Hotkeys for all functions||Only preset hotkeys||Assign custom hotkeys to any functions|
|New graphical tools for analysis and chart markup||Lines, waves, Fibo, shapes||Lines, waves, Fibo, shapes + signs, thumbs up & down, arrows, price labels|
|Other user interface improvements||-||7|
|Accelerated testing process||-||Software works faster with the same computer capabilities|
||Add comments to the orders for more quickly finding and analyzing|
|Undo most long-term operations (especially useful when downloading data from the server)||-||Allows you to instantaneously correct mistakes|
|List of objects||-||Simplified access to the search, editing and deleting of the graphical objects|
1. One mode instead of two
Forex Tester 2 users usually required some extra time in order to understand the purpose of the "History" and "Testing" modes. If you also had a hard time comprehending what those modes were all about, you can forget about them once and for all, because in Forex Tester 3 they will be merged into one simple mode for simplifying and accelerating your testing activities.
2. Automated ticks generation
In Forex Tester 2, a trader had to face several inconveniences in order to open a new project:
All these issues are solved in Forex Tester 3 - you just need to open a new project using a special button. The above-mentioned inconveniences will be covered by the software automatically so you do not have to worry about them.
In Forex Tester 3, all test settings including the list of currencies, time shift, initial deposit, currency settings and data range will be covered within a project.
3. Keep all testing settings in the projects
- All the testing settings, including list of currencies, time shift, initial deposit, currency settings and the range of data can be altered and saved in projects.
- Easy switching between the projects.
- No need to re-generate the ticks and remember that you have to generate them for some currency pairs.
- All settings will be restored and ticks will be generated automatically when you open the project.
4. Downloading data for multiple pairs at once
Imagine the following situation: you need to download the free data for the last 15 years on 18 symbols (16 currency pairs, gold and silver quotes). In Forex Tester 2 you had to start downloading 1 currency pair at a time, and then return to some of your regular things (you probably won’t sit during the next 20 minutes in front of your monitor, staring at how the progress bar advances).
Suppose that, after 30 minutes you recall that you were downloading the data. You open your Forex Tester 2 once again and keep downloading the data on the next symbol. An hour later, you remember that you need to download the third currency pair, etc. Thus, data download can easily take up the entire day or even several days.
The downloading process in Forex Tester 3 is totally different: it has become much easier and less time consuming. Put it to downloading all of your currency pairs and in a few hours, the process is over.
5. Save time while downloading and processing data
The download process in Forex Tester 3 has become much faster. In this version, the data may be downloaded into multiple streams instead of one, as it was in the previous version.
6. Saving the profile
Before you start the test, it is often necessary to keep all of your current charts just as they are at that moment. Forex Tester 2 had Projects and Templates features only for organizing your workspace. In Forex Tester 3 one more valuable feature was added to them: the Save / Load Desktop function, which preserves the desktop and allows for structuring your charts in the desired position.
7. Smart Profit Chart for analyzing the strategy’s performance
8. Automated time shift for all of the project's currency pairs
In Forex Tester 2, traders could change the time shift only for each individual currency. In Forex Tester 3, time shift is set in the projects themselves, significantly accelerating the process of preparation for the test.
9. Built-in EAs
Automated strategies provide traders with outstanding possibilities to save tremendous time and efforts. Instead of testing a trading system manually, one can simply click several buttons and switch to another task. A few hours later, you can return to the test and analyze the results – all the routine and boring jobs will be done by the software. In Forex Tester 2, we gave away just 1 EA, whereas Forex Tester 3 will contain 3 of the most common and useful trading systems for automated testing. In the future, we will add more EAs that will satisfy various testing needs.
10. Drag & drop stop loss, take profit and pending orders
Now you can drag and drop the pending order, stop loss and take profit lines directly on the chart in order to change their values instantly. This feature speeds up and simplifies the use of the software even more.
11. Multiple monitors support
Traders who work with multiple monitors often complained about the impossibility of placing each individual chart on its own individual screen. This important issue has been successfully resolved in Forex Tester 3. Now you can freely move any number of windows to an unlimited number of monitors.
Navigate to the “Window -> Cascade” menu and simply drag and drop the necessary windows to the required locations.
12. New, more convenient registration scheme
In Forex Tester 2, a registration key was attached to your computer’s Hardware ID. In case your Hardware ID became changed (for instance, when you reinstall the operating system), you had to ask a new key and wait for our system to generate it. In Forex Tester 3, you will be provided with a master key, so the key requesting process will occur automatically.
13. Renko bars
One of the most frequently asked questions related to Forex Tester’s indicators was the question of the Renko bars implementation. We are glad to announce that this tool will be available in Forex Tester 3, and you will be able to expand the range of tools for the analysis and backtesting to even greater limits.
14. Organize your workspace according to your preferences
In Forex Tester 3, you can:
15. It shows real tick volumes
Our users struggled with the data that contained a large number of price changes within a particular bar. This happened when you tried to test historical data on indexes or if you have downloaded the 1-hour Forex data form other resources. In these two cases, Forex Tester 2 wasn’t able to provide you with adequate volumes. In Forex Tester 3, this problem has been successfully resolved.
16. Customizable hot keys
Have you ever wanted to assign one of the most common actions that you used regularly to some hot key combination? In Forex Tester 3, you do have such an opportunity. It is impossible for the developers to forecast every single action you are about to take because this action will vary depending on the user’s trading style and strategy. That is why you can do it on your own. Hot keys can be adjusted via “Tools → Options → Hot keys” menu.
17. New graphical elements
In addition, we added some new graphical tools that our users asked for on a regular basis:
18. 7 important user interface changes
19. Important bugs that were fixed in Forex Tester 3
Let’s assume that you uploaded the data and generated the ticks from Oct 1, 2005 till Oct 1, 2009. For example, you were examining the chart on Nov 11, 2007 and a H4 time frame. Afterwards you switched the chart to any other time frame (say on H1). You will see the last candlesticks of your data period that are from Oct 1, 2009 and not the necessary Nov 11, 2007.
You downloaded the data on EURUSD and generated the ticks for this currency pair. If you decide to create a new project for the same pair then you have to generate the ticks anew.
Comments are perfect tools that help you to recall why you opened or modified the order. It might be obvious now but a few trades later, you will not be able to refresh the reasons for your trading behavior. In Forex Tester 3, you will have access to your comments in all of your order tabs.
In Forex Tester 2, when you created several graphical elements with different properties (such as color, border size and so on) and then tried to duplicate any element, the properties of the last created object were applied to this new element.
In Forex Tester 3, if you need to draw exactly the same graphical element, you can just right click on it and duplicate it in a few clicks. This should save your time significantly.
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.