From Forex Tester Software:
Forex Tester 3 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 & refine your strategy for manual and automatic trading.
Test and improve your trading 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.
How does it work? Forex Tester simulates the Forex market with unequalled realism. You can test strategies and train your trading skills on (simulated) years of data in just a few hours (real time). Our strategy tester works with the recorded price movement of the real Forex market (15 years of historic price data). 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. 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.
It is a bit expensive but I heard that they launch promotions from time to time
I live in India and for me 200 bucks is a huge amount of money. I thought a lot if I should buy this software. I browsed different forums, read testimonials and then finally decided to purchase the program. Even though I had to save money for several months, I'm definitely satisfied with my investment because I've already saved much more by not going along with losing strategies. And of course I will keep testing every system I find because I have a lifetime license of Forex Tester.
The program is easy to use. If you worked with Meta Trader then you will quickly understand how to work with this software.
The free data that comes along with Forex Tester is not that qualitative and has some gaps. However, when I imported the data from my MT4 the results became excellent.
I recommend this program to all traders, the beginners and the experienced ones. I was surprised when I realized how much time and money I was spending on a real account, when I could just choose to test my strategies on this backtesting software without losing anything.
This software provides results that DO NOT RESEMBLE THOSE YOU'LL SEE IN real trading, believe me. You will only be mislead by false assumptions and the ability replay. This software does nothing to help you make better LIVE trading decisions in real-time.
June 14, 2010
Version: Forex Tester 2.5
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!!!
I have nothing to tell here
With your software, there's NO view into the future in Testing Mode, and to be honest, I've learned a lot more about price action JUST WATCHING it run! It's been the best money I've ever spent on software for (forex) trading!
I am able to see yearly, monthly, weekly, daily pivots AS THEY FORM (just remember to add enough data prior to your starting test date for the pivots to calculate) and it's great!!!!
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!
January 16, 2010
Version: Forex Tester 2
Looking at live charts and THINKING about a strategy, as opposed to actually testing the strategy manually are two different things. This is the closest thing to real life that there is. You need to use this tester before you test with real money.
I would like to be able to add some of my own indicators without having to be a programming genius. I have MT4, which this is very similar to, so I would like to add Mt4 indicators.
You have to have this program to TEST your trading. Demo accounts take to long to trade with. You can compress YEARS of experience into a week. This is an invaluable tool for forex traders.