Download Forex Tester and install the software.
The downloaded version already contains 1 month of historical data on 16 currency pairs as well as the gold and the silver rates.
Working with Forex Tester 3, you need to do three things:
If your current time frame is equal to the value of 1 hour, and the tick package size is equal to 5 min, then the program will have to change the price 12 times before moving to the new bar (60 minutes / 5 minutes = 12).
Please note that limit orders should be used when you expect the price to reach some level and then bounce from it, whereas stops orders are made for breakthrough strategies. If you think that the price will go up, reach a certain point, and then resume the downward movement, then you should set a “Sell Limit” order. If you expect the price to go down and breakthrough the support level, then it is necessary to open a “Sell Stop” order.
To add an indicator navigate to the "Insert → Add Indicator" menu.
In order to analyze the test results, switch from the "Currency" tab to the "Stats" tab in the "Market Info" window that is located in the upper left corner of the screen.
To export the trade history to Excel, click on the tab "Account History" at the bottom of the screen, right-click on any line, and choose the "Export History to File" option.
All the necessary information regarding each candlestick is reflected in the "Data Window" menu. This menu is located in the left bottom corner of the screen. One can see the date, time, open, close, high and low prices of the bar, which is hovered over with the mouse at the moment. In addition, you can see values of volume, indicators and the index of the bar.
Make sure that the time frame of the chart corresponds to the time frame selected for the expert adviser (H1). Set two simple moving averages with different colors and periods: the red one with the period of 16 and the blue one with the period of 32.
To change the indicators’ parameters and style right-click on the indicator and choose the “Edit” option.
The Expert Advisor will automatically open and close the trades using the rules of strategy.
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.
We'll help you become intelligent Money Managers and gain you entry into the elite group that actually makes money trading Forex.
Software that opens trades in a fraction of a second with a built-in risk management calculator. Set predefined Stop Loss & Take Profit values for instant entries. Compatible with Forex Tester and MT4.