Analyzing obtained results helps you detect possible flaws in the robot's trading strategy and adjust the EA parameters. Even if you learned all the ins and outs of the market in theory, you will still not be ready to trade without a strong ability to control your mind and emotions. This is especially useful if you are testing your strategy on multiple currencies and timeframes. With demo accounts, you will have to wait for ages to open a decent amount of trades.
How Forex Tester can improve your trading results:
So, if you are testing one strategy for one currency pair and on one time interval, you will most probably be OK. But the task is to evaluate multiple strategies with several configuration options in each, using many time intervals as test scenarios — some other software needs to be used that supports batch execution.
We can load our Expert Advisor in the tester and run in for some currency pair on some time interval and get a test report. How can we make a decision about the quality of the tested strategy? Quality evaluation is what testing is all about. Metatrader strategy tester is only a software tool.
To do that, we need testing method. At best, backtesting offers only a close approximation of how trades would be executed in real-time. Do you have any suggestions to articles, courses, books, etc. Our answer is no. Though we started our testing with Metatrader 4 Strategy Tester. But very soon we decided to spend time developing our own software because we were not satisfied with Metartader ST.
The main problem in our opinion is that Metatrader interpolates tick quotes. It takes a M1 bar data and generates ticks from it. Our approach to testing was to use only REAL market data. Your email address will not be published. Most traders do not understand that it is practically impossible to learn forex by using demo and live accounts. Demo accounts give you a chance to learn forex trading if you have dozens of years ahead of you, and live accounts make it impossible for you to fix your mistakes.
You have already lost the trade or range of trades , and the forex analysis will help you avoid making the same mistakes in future, but you simply cannot change the past. Forex simulators, in turn, can take you back in time so you can truly correct your mistakes immediately — you can backtest your strategy as many times as you need.
This amazing forex training software will help you fix your mistakes without affecting your real money. Our trade simulator has plenty of built-in parameters to evaluate your trading performance.
With Forex Tester backtesting software, there is no need to simulate the market in the dark. Now, all the necessary components are included. You can read detailed instructions on how to install Forex Tester here. If you are not satisfied with our Forex Tester software which is very rarely the case , it is easy to uninstall it by completing the following process: Download our software now and see for yourself what Forex Tester can do for your success in this exciting business!
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. Forex historical data is a must for back testing and trading. Forex data can be compared to fuel and software that uses this data is like an engine. Software that copies trades between MT4 and MT5 terminals provided by any broker and vice versa.
The Remote version includes: MT5 terminals support; secure protocol for increased safety and more Software to copy trades between MT4 accounts. 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. Compatible with Forex Tester and MT4.
Forex Tester is a software that simulates trading in the forex market. It is designed for you to learn how to trade profitably, and to create, test and refine your strategy for manual and automatic trading. Test and improve your strategy for consistent and growing profits! Grow confident in your strategy so you can keep a clear head, act immediately on trading opportunities and avoid mistakes when you trade live later on!
Become an experienced and successful trader in less time! Questions about Forex Tester? Your information has been submitted successfully! Have a nice day! Scotty's Trading Official Channel. Forex Tester simulates the forex market with unparalleled realism. In manual test mode, you can test strategies and train your trading skills on simulated years of data in just a few hours real time.
How is this possible? Forex Tester works alongside the recorded price movement of the real forex market historic price data. Much like music recordings, you can fast-forward, pause or jump right to the most interesting moments. You can go back to any point in time in the recorded price data, and if you have previously saved a testing session project , you can also restore all your open trades, trade history and account balance of your simulated broker account at the moment of the simulation.
Forex Tester caters to both beginners and advanced traders. Forex Tester is easy to use, but it also includes a powerful API for people who know how to program. What do our customers say? Yes, really Forex Tester helps, saves time and gives you an opportunity to learn quickly and check out the techniques and theories that exist on the Internet. You can work them out in certain circumstances, and when it seems to you that you have found somebody's holy grail and being on a high emotional level you check it all very QUICKLY on Tester not waiting for months to lose your deposit but to find out about the strategy in an hour or two and understand who was right.
And the program proves that it is possible to earn money on Forex. Thank you very much for your program, I am glad that I have purchased it! As a price-reading enthusiast, Forex Tester has immensely help cut down on my learning curve. I have found no other program that can actually do what this one does - and believe me, I have looked. Easy to install and use. Plus, their customer support is the best!
Any plans for building one that allows for Eminis and Futures contracts? I will be first in line to buy one! Forex Tester allowed me to advance in my trading and gave me the opportunity to understand several global principles of price action; this program is for those who have uniquely decided to figure out what trading really is; I will be looking forward to using it as a tester for a robot, but even those things I've understood with the help of this program can hardly be overestimated.
Thank you for the Forex Tester program. I haven't regretted purchasing it even for a moment. It helps me in developing trading strategies. With Forex Tester it is much faster to learn trading. You probably hear this all the time, but I honestly wish this was the first thing I purchased, as it would have made a tremendous difference for me down the road.
Thank you for giving such wonderful help to us traders who need to learn faster. I use it like shoes, everyday, for most of the day. I even use it to relax sometimes. Finding higher probability setups all the time helps so much. Forex Tester has helped me a lot to improve the results of my trading; I became more confident in the choosing and testing of trading strategies; I also got an excellent possibility to check the new trading ideas quickly and qualitatively.
On April 16th I finally purchased the Forex Tester program after a long period of thinking about it. Now, 4 months later, I've created my own trading strategy with the help of this program which provides me with a not-too-bad income on the Forex market.
I'm constantly testing new strategies that are being improved while testing. Thanks to all the developers of this amazing program!!!!! Forex Tester is certainly the best program for working out somebody's manual strategy. After a long period of working with Forex Tester I gained the ability to almost forecast the movements on a real chart. Also, Forex Tester helped me to dismiss a good deal of hopeless strategies and to improve my working ones. Even though I've only been demoing the trial version I'm glad I found it.
So far I haven't found anything similar that didn't require high monthly fees just to get in the door and try, or was so overly complex that you feel you need to be a programmer just to take your first step! This allows someone, in a painless manner, to train and test out their theories and strategies without being chained all night to the London session or so tired and beat up afterwards that the New York session feels like nine rounds with a boxer breathing in your face! I purchased Forex Tester in autumn I began to use it and to build my trading strategy.
The program allows one to see the results of their ideas very quickly, and the education process goes much faster; experience and the sixth sense are accumulated that cannot be received with the help of any book or theoretical studying. My system was finally built at the end of and since that time I trade profitably and stable. I consider this program as one of the most beneficial investments into my education.
How Forex Tester can improve your trading results: It allows you to test which system is the most profitable trading system for you. Test these systems and you will know for sure! You can act quickly without breaking a sweat. Gain a better understanding of what the market is doing. With Forex Tester, you can achieve this in less time than ever before.
Learn how to minimize losses and avoid losing trades without wasting time. Test your strategy during a financial crash and draw your own conclusions regarding risk management. Our program is flexible and realistic!
We offer Forex Tester at a very competitive price Forex Tester will most likely improve your net results by much more than what it costs.
We take great pride in our fast and competent email support system. In short, we want you to get the most out of your experience with Forex Tester.
To succeed in the forex market, a trader needs to develop the following 3 branches: Psychology Method Money management If your forex training does not involve at least one of these important steps, you will definitely lose in the long term. Try it and you will like it! Forex Copier Remote 2. Know when there's a new article!
Get the latest updates about Forex strategies backtested, useful money management tips, trading psychological issues and indicator's details revealed [and much more].
Test these strategies out and see for yourself whether you can compose a solid trading system.