Forex Tester 2 Software-A Serious Tool That Can Improve Your Trading Skills!

Forex Tester – Real-life Forex Experience for Building Strong Trading Skills…Forex Tester is a computer simulator of the FOREX market. It allows the user to practice trading and test out different trading strategies against the historical market data, rather than risk real money. The simulator gives total control over the testing process. The user can select the testing speed, make a pause, track history forward by bars, or roll it back if the activities result into a loss, enter new parameters and retest the strategy.

The FOREX simulator has a built-in library of indicators and oscillators that will help the trader to decide when to enter or exit a trade. For example, there are indicators, such as Ishimoku, Relative Strength Index, MACD, Stochastic, and Bollinger Bands. The library is regularly updated with new indicators, plus users can create their own custom indicators using Forex Tester API and samples of how to create custom indicators in the help system. There is also a library of drawing tools, traders can use to track their actions with ease. The user can paint different graphic shapes on the charts, including vertical, horizontal, trend lines, rays, poly lines, Fibonacci tools and snap their control points to bars on the graph. Shapes can be deleted, copied, or edited to change color and style.

Forex Tester is designed for all traders, including beginners who are just taking the first steps into the world of FOREX and professionals who want to hone their trading skills. Developing a trading strategy that brings profit is one of the most difficult things to do. While a live FOREX demo account can help in this process, practicing in real time is too long and complex. For example, if the trading system allows trading every day only at 9 AM, the user will have to sit at the computer every day at 9 o’clock during a month or even more. To make matters worse, the Internet connection can go dead, or the user can oversleep the trading time – this all has impact on the final results. Forex Tester reduces learning from weeks to minutes and allows the trader to test strategies uninterruptedly.

Unlike similar software, Forex Tester brings precise, realistic results, letting the beginning trader gain true FOREX experience and prepare to trade on the real market. To achieve more precision, the program handles swaps, spreads, margins and other market parameters. You can see the results of testing as profit diagrams, including balance, margin, equity and drawdown. Besides, Forex Tester has no restrictions on the number of currencies, or timeframes to be used for testing, which is inacceptable for multicurrency testing. The program imports an unlimited number of currencies and years of historical data and allows you to test them simultaneously.

Forex Tester puts all important information and tools up front, letting the user trade with remarkable ease. Offering a multi-window interface, the program allows one to open several windows with different currencies and timeframes of one currency simultaneously. Any operation is a mouse click away. All needed parameters can be selected from menus, and the user does not have to write formulas.

To get started with Forex Tester, the trader is required to get history data and generate ticks. The program can import history data from different sources and in various formats, including MetaTrader history format. Once the history is loaded, it’s necessary to generate ticks for testing. To do so, the user should choose the desired method to generate ticks, select the currency name, specify the timeframe for trading and generate ticks. When the process is completed, the user can start testing. Forex Tester will read and process the prepared tick data and build bars. The trader can buy, sell or place pending orders, pause testing, trace by bars, or rewind the history.

Forex Tester at a glance

  • Import historical data from any text format, including Metastock *.csv format and from MetaTrader 4 history format (*.hst)
  • Unlimited history size (limited only by hard drive capacity)
  • Export history to Metastock text format (*.csv)
  • Trade on history, executing orders, placing pending orders and tracking open positions
  • Prepare lists of pending orders and set them with one mouse click
  • Hotkeys to buy and sell quickly with predefined parameters
  • Buy, sell and place pending orders through the right-click menu
  • Control testing speed
  • Pause testing
  • Track history forward by bars and lower timeframes
  • Track history backwards by bars with restoring closed positions
  • Powerful graphics engine
  • Scale diagrams up to 1 pixel per bar in horizontal direction
  • Paint graphics elements of different styles on charts and snap control points to bars on the graph
  • Account history and operation journal
  • Customizable profit diagram that shows balance, equity, margin and drawdown
  • Display closed transactions on the chart in a convenient way
  • Rich library of business indicators and oscillators and ability to create custom indicators
  • Open interface to create and test your own trading strategies
  • Test unlimited number of currencies together
  • Test unlimited number of strategies together (portfolio testing)
  • Quick testing
  • Extended statistics on testing results
  • Templates

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