Every trader should have the choice which trading instrument to choose. No one should be limited by most common currencies only. There are a lot of traders who want to trade majors and most popular crosses. But there are also plenty of people who want to trade the currencies of their countries. Others desire to learn how to trade very rare currency pairs, popular stocks, indexes and commodities. Why to go for less when you can get more with some decent payment?
Every dollar you spend on your education will be multiplied afterwards. Never refuse to invest into your knowledge and skills! Every trader needs to backtest his strategy on the historical Forex data of his broker. You watch videos of the fights of your opponent, learn his specific moves, invent the methods how to eliminate his strong sides and strengthen your weak points. Somehow the people who are in charge of the fight changed the guy you had to fight with on another boxer. All your preparations were completely useless: The same thing happens on Forex if you trained yourself on the data of one broker and afterwards traded on the historical market data of another one.
Our paid market data feed is taken from 10 different brokers at any taste for your most accurate results. Traders are interested to use the historical financial data of the latest events. You have 2 options: If you put to use small stop loss and take profit values, if you open dozens of trades every single day, then the 5-digit data is an obligatory element of your backtesting.
Forex tick data shows the real non-simplified market conditions. If the price has been changing for 45 times during the current candlestick then you need to see all those changes. You use free Forex data feed that provides you with just 4 prices on each 1-min candlestick.
For long-term strategies this option is sufficient, but what if your trade lasts for less than one minute? Most of the scalpers close their orders in seconds and each tick is incredibly important for the final result. With Forex tick data you will also get that specific feeling as if you are trading online.
This is a crucial factor in your psychological growth as a trader. Not only the price and volumes change on the Forex market. The spread tends to be different depending on the different circumstances on the market. Before and especially during big news spread can become altered significantly.
You might learn the simplified version of Forex, then go to a real market and find out that your version has nothing to deal with reality. You will be able to renew your data feed every single day during the next year.
Most professional traders claim that the latest data are the most important. That is why testing on the latest historical rates create the biggest proof whether your trading system is capable of bringing profits or not. In an exponential moving average, the latest price has twice-bigger impact compared to the previous ones.
The same principle can be applied to the data: 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. Amateurs have to rely on assumptions and believe what others tell them. Professionals, however, make their decisions based on facts.
Forex Tester will deliver the hard facts about your strategies. If a strategy is not profitable, you will find that out quickly with Forex Tester contrary to testing in a demo account. Now you can improve it or invest time in developing another strategy.
Likewise, if you have a great strategy, you will want to trade as soon as possible. Forex Tester delivers the results you need to do so with confidence. When it comes to backtesting a trading strategy, optimizing its parameters can take it from okay to great. Forex Tester makes this process easier than ever. Knowing which parameters make your strategy work will not only make the strategy better, but it can also help generate ideas for new strategies.
Spreads and swaps can be defined for each currency pair, making the simulation and earning results even more realistic because you can simulate the broker of your choice. The advanced data feed includes historical data from various brokers. Forex Tester enables you to train and test with great flexibility. You even have the option to adjust strategy parameters on the fly without stopping the simulation!
You can test more than one EA at a time while observing what is happening during the simulation. Our program is the best solution available on the market, and this is no coincidence: We are traders ourselves, and we initially developed Forex Tester to develop our own trading.
Forex Tester is all about maximizing your profits by choosing and optimizing your strategies and saving time. One of many details surrounding the project is that it will boost your efficiency. Forex Tester uses project files in the following way: You can save your current session, load another one and then continue the first session later. You can also save color schemes, graphical instruments and indicators, and then add them to the next chart. This is especially useful if you are testing your strategy on multiple currencies and timeframes.
Forex Tester will most likely improve your net results by much more than what it costs. If you are serious about trading currencies, Forex Tester will become an integral part of your evolution as a trader, just as it has for so many others before.
Many professionals use it on a daily basis to develop new strategies and adjust their proven methods to accommodate the changing market. Our accuracy and flexibility are unrivaled. Try the demo and see for yourself! So, what makes a trader successful? In interviews, the best traders in history have unanimously emphasized the importance of backtesting. Backtesting means using the historical data of a capital market price movement records to determine how well a trading strategy would have worked in the past.
While there is no guarantee, very often a strategy that performed well in recent months will continue to generate profits in the future. This enables you to test not one, but many strategies in addition to variations. Automatic backtesting occurs in just a matter of minutes, or even seconds. Forex Tester does both.
With Forex Tester, you can practice analyzing the charts and finding opportunities to trade without risking any real money. When you trade manually with real money, you are under stress.
And yet, you still have to make quick decisions. This is something you can only do with sufficient experience. Our program is the quickest and most effective way to learn trading. MT4 is one of the best and most popular platforms for live and demo trading.
It does include a feature for backtesting, which was added as a result of user demand. To close the gap, we developed Forex Tester because we wanted a better alternative for ourselves. Currency trading is one of the most complicated ways to make money. To succeed in the forex market, a trader needs to develop the following 3 branches:. If your forex training does not involve at least one of these important steps, you will definitely lose in the long term.
Our trading simulator allows people to improve their knowledge and skills in all of these areas. In terms of evolution, human beings have not adapted to accommodate trading. In other words, we have all been terrible traders from the very beginning because our DNA does not have the necessary features to go about it effectively. 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.
The only way to really handle this area is to use a forex simulator. Trade simulation is way of better than demo and real accounts. With demo accounts, you will have to wait for ages to open a decent amount of trades. With our trading simulator, traders have the opportunity to be in an exciting atmosphere where they do not know how the market is going to move as is the case with a live account.
At the same time, traders can determine that information immediately — a feature offered by neither demo accounts nor live accounts. In short, our backtesting software will supply you with all the market analysis tools you need to tame your inconsistent nature. The abundance of trading strategies available on the Internet creates the false belief that you have everything you need. However, if you try the appropriate forex trading simulator, you will immediately discover that this is a huge lie.
The vast majority of these so-called profitable strategies that bloggers and pseudo-traders promote can give you a few profitable trades, but eventually they will create a significant drawdown in your deposit. If you choose not to backtest the strategies of questionable sources, eventually you will lose all of the money you have saved for trading.
Consequently, without a form of forex backtesting software, you will spend hundreds or even thousands of hours learning about the forex market without yielding any positive results. Moreover, without Forex training software, you will end up frustrated and depressed. What normal people would want to spend their time, money and effort on this fruitless task? There are just 2 possibilities available for you now:More...