Forum forex tester review

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The program also has the ability to replay price action for backtesting manual strategies and allows you to set your percentage risk on each trade. Forex Tester, which its founders created to help them improve their own trading skills, has been available on the market for 14 years with 4 different types of software, which are numbered 1 to 4.

They have also held the leading position on the market since , which means that the creators know exactly what traders are looking for, so you can be certain that this software will have the necessary functions for your testing strategy journey. I recommend you get the newest version which is Forex Tester 4, due to its advanced new features. I will go into the new features a bit later in more detail. The program can be simply downloaded onto your computer, but if you would like to test it before purchasin, you can use a free month.

How do I use Forex Tester 4? Forex Tester 4 is easy to use. Simply download the program, which you can do here , and start creating your testing strategies. Once downloaded, it will automatically have one month of historical data to view on 16 different currency pairs as well as gold, silver and one month of USD historical data. There are 3 things you must do when you first start: download more data, start a test and start a project.

Download more data — Click on the data center, select a currency pair and update the server. You can pause the test at any time and you can change the speed, timeframe and size of the tick package. Start a project — Click the start project button, enter your projects name, choose the currencies and then choose to either add an automated calculation, apply time settings or select forward testing only mode if you want a realistic trading experience.

Once this project is created, your test will start automatically. Forex Tester 4 comes with brand new features that were not available in the previous versions, one of the biggest being the risk calculation. The software features include: Historical News Service Every trader knows how political and economic events can have a negative effect on their trades.

With this feature, you can gain an insight into how previous events have impacted trades and use this knowledge to predict the impact of future events, e. The details you will be able to see include: time when the news occurred, currency it affected, the time when the news had maximum impact and basic financial expert comments.

You can schedule notifications to hear about news for currencies you are most interested and you can get an overview of the news. If the news line is green, then this news will have a strong impact on your trade! Visual Strategy Builder Visual Strategy Builder is a separate tool which allows you to build out EAs and indicator and test out your trading ideas.

I really love the feature cursor sync and the copy objects features. The software is very customizable and includes features like Hotkeys for almost any action and quick buy or sell orders all of which allow for quick action for fast testing. The ability to use fixed fractional position sizing is the most exciting feature. This allows users to take realistic trades and see their account growth in real time.

Previously I was using spreadsheets to determine overall performance. I think the ability to leave notes on the chart is another great feature especially for developing traders. It may take a little time for best practices to be established on how to use them most effectively but I think once that happens it will make Forex Tester 4 a staple in trading education.

Sebastian ForexTester team did again a very good job with the last and improved version of ForexTester4. I noticed the attention to details and the high variety of new features added, there is no doubt now that a trader can grow to becoming a professional trader without FT4 in their arsenal. All new features are very useful, one more than another, even starting from the new Icon of the software which I find it very thoughtful from FT team because it creates no confusion among users having multiple versions of FT installed.

Dean My overall impression is that it is a great improvement for manual traders due to the inclusion of the news feature. It is certainly improving my results when backtesting my shorter term systems as it allows insights for entries and exits that no other backtesting software provides.

Nick Jr. Thank you for the opportunity to join the beta-testing team. I am a Forex Tester user since the Forex Tester 2. The new version is very powerful! Excellent job on risk management feature, it really helps a lot! Thank you guys, you are the best! Rob B. It was great to test the new version of Forex Tester before it was released. Thank you, Forex Tester team. I love the ability to switch to NY Close time zone without any calculations. That is really helpful. Testing right now your new Easy Forex Builder — it looks like a great deal of work, well done.

I suggest every trader give it a try. Mike My congratulations with the new version! I was all fine with the Forex Tester 2, but after all features announcement, I definitely need an upgrade to Forex Tester 4! Good job! The Converter tool is my personal top. News at charts are very helpful too, try to use them, guys! I deeply appreciate the risks calculation feature built-in to the orders.

Thanks again! Anonymous Wow! So many new features inside the Forex Tester 4! Thank you, this will ease the way I backtest. Vasily On April, 16 I finally purchased the Forex Tester program after a long period of thinking about it. Thanks to all developers of this amazing program!!!!! Scott F. As a price-reading enthusiast, Forextester 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, customer support is the best! With these testers I had problems like failure of software, partial or full blocking of their performance….. In general I will say honestly that it is not testing, it is the wasting of your time on my opinion.

It took me several days to look through Internet and read testimonials and comments about this particular tester. It will be useful for those traders who really approach the deal of creating and testing their trading systems in a serious way. I will mention just two main advantages of this tester, but there are really much more of them: 1.

You can test strategies at any comfortable time unlike doing it using demo account, where you often must sit in front of the monitor and observe the price movements of the instruments. You can test at any mode, changing the testing speed, go back and forward, observe the work of different instruments and theories on the same period of time on the market as much as you need. That is a brief review about this wonderful program. It took some time getting the charts set up with the templates, especially for my strategy, but its well worth the effort.

You probably hear this all the time, but I honestly wish this was the first thing I purchased, it would have made a tremendous difference for me down the road. I purchased Forex Tester in autumn I began to use it and to build my trading strategy. The program allows seeing the results of your ideas very quickly, and the education process goes several times faster, the 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. Susan Gast "I have been using your software for about a week now, and I must say I don't know how I could've lived without it! I've been trading Forex for over four years, and I did try to keep track of trades on PAPER; but there's always that issue of did price 'really' hit my sell limit, and did price 'really' hit my target?

At what exact time? You can fudge it too easily. Plus, when looking at past data on your trading platform, you can already 'see' what price has done and it DOES sway you, even if you tell yourself to just take it bar by bar -- there's always the time when you forget and scroll too far It's been the best money I've ever spent on software for forex trading! I love the order placement with its ease of use I was a bit scared of trying it but if I can figure it out, anyone can!

So, in closing - thanks for a great product! Hence I look for a shortcut and write you directly. I have to give to your team. This software is to me by far the best forex testing software bar none. It allows testing for strategies irregardles of whether you are online or not. You can practice trading almost everywhere. The best thing is, you can test your strategy and get the outcome in much-much less time compared to paper trading in Demo mode.

All those time spent waiting for market to unfold and see the result of my strategy. With FT, I plan my trade, trade my plan and can have the result in less than a minute whatever the time frame I am trading in. This software really cut short the training time.

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