Forex Tester 3 simulates the forex market with unparalleled realism. 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?
Our Forex strategy tester works alongside the recorded price movement of the real forex market 15 years of historic price data. Much like music recordings, you can fast-forward, pause or jump right to the most interesting moments. Forex Tester 3 is a software that simulates trading in the forex market. How does it work? Forex Tester simulates the Forex market with unequalled realism.
Our strategy tester works with the recorded price movement of the real Forex market 15 years of historic price data.
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Like a recording of music, you can jump forward, pause or jump right to the interesting moments. You can go back to any point of time within the recorded price data and if you have saved a testing session project before, you can also restore all your open trades, trade history and account balance of your simulated broker account at this moment of the simulation.
Statistics reveal true performance: You can take notes on every trade keep a trade journal and export your trade log for analysis on Excel or other programs. Theres no longer any need to rely on estimations, or even on wishful thinking! Amateurs have to rely on assumptions and believe what others tell them. Forex Tester also hosts frequent discounts on its packages, including data feeds, which adds to the value of the product. Many new retail trades and those who prefer to trade manually may dismiss the need for Forex testing software. They can benefit from Forex Tester 4, as it allows testing of manual trading strategies.
The fast-forward option will accumulate detailed trading statistics for the selected approach on the applied asset, allowing manual traders to analyze how the Forex trading strategy would have performed. It is similar to a video game for dedicated traders.
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With over 20, free and paid ones listed, many offer a limited free trial, often no more than fourteen days. With Forex Tester 4, you have plenty of opportunities to test the EA before committing to a purchase. You can easily download the program as a limited trial from the Forex Tester website. When you go ahead and purchase it, you will receive a registration code to enter to fully unlock the software. You can manually manipulate the data and enter simulated trades, applying any technical studies that you want.
HOW IT WORKS?
Note how the bottom of the terminal screen shows the details of any open trades, while trading and account performance are tracked within the bottom right screen. You can apply any kind of tools and drawings to the charts easily and save them. You can even save set-ups templates to be applied to other testing scenarios. Every function you can get from a real trading station such as changing stops or take profit levels, applying a trailing stop etc. The program comes with 1-minute historical data going back to If you want data for a wider range of instruments and at a higher quality, even down to the granularity of a single tick, this is available for an additional subscription fee.
The full version can also run expert advisers in. A really impressive new feature included within the latest version — Forex Tester 3 — allows back tests to be run on multiple strategies and multiple currency pairs simultaneously, speeding up back testing processes.
You can easily analyze the results of tested strategies, whether they are manually traded or automated, as the program keeps a record of every trade and fluctuation in the hypothetical account equity. Finally, the Forex Tester website has full instructions and details for how to use the program in its different modes and is approachable to answer any questions you might have. The software itself is easy to use and has the same kind of functionalities as trading stations, so if you have traded it will not be hard to use. If you have not traded, it will help you in learning how to use a trading station so you will be better prepared when you eventually start trading!
Overall Forex Tester comes highly recommended as an invaluable tool that you will help you learn how to trade profitably without losing any money in the process. Going ahead without buying this software could be likely to cause you to lose much more than this purchase price — and that is not something we say lightly. A Forex simulator differs from demo trading, as it allows you to go back in time to simulate how a strategy would have performed during past market conditions. A demo account enables traders and developers to forward-test a Forex trading strategy, but you cannot simulate it.
You will have to wait for market movements to develop, monitor all aspects of your it, and invest a significant amount of time. With a Forex simulator, you can go as far back as you have Forex historical data. You can apply your trading strategy and simulate a decade worth of trading in a matter of minutes, then digest the detailed report, and identify strengths and weaknesses.
It offers new traders the opportunity to play around with different settings and receive actionable data, from where they can improve. Forex Tester4 adds tremendous educational value, and in combination with practical one, this Forex simulator ticks all boxes. With Big Data playing an ever-increasing role across all aspects of life, the quality of the data presents the most defining piece of it, as it can alter the outcome significantly.
Forex Simulator | Backtesting | Trading Analytics
Every Forex simulator requires Forex historical data. Forex Tester 4 offers a subscription-based three-tiered service for a quality Forex historical data download directly into the software. Some may view it as an additional revenue stream for the company, while it remains a necessity to deliver reliable results. The Basic subscription is free of charge but only allows for data on the D1 and W1 timeframes, with a monthly update frequency. Long-term traders do not require more, and it presents an outstanding entry into using Forex Tester 4. More advanced users may opt for the Standard or VIP package, available as a monthly, annually, and life-time subscription, where the lifetime offers presents the best value.
Since Forex Tester 3, traders can test multiple strategies on numerous assets simultaneously, and Forex Tester 4 expands in the abilities and ways for traders to use this Forex simulator.
Computers are not second nature to me but I have a need to test a strategy in a certain way. Forex Tester is highly praised and rated but is it easy to use - or do they have lots of help areas or people to call?
Forex Tester 3 Details
I would appreciate comments from those who have it or used it. Forex Tester has a free trial you can download from their website. I tested it out before and it was a nice piece of software, but I still prefer scrolling my MT4 charts back and testing things myself. I agree with phil.
Knowing this, you can then refine your system to not take those kinds of trades even if it looks good. Thank you both. I used the free trial for awhile and then determined it was a tool I had to have. I do not use Forex Tester for automated testing, although I understand it can do that to some degree.
After loading tickdata, you can step forward in a highly realistic way and actually place trades as if on a real broker platform.