Publisher's Description
From Forex Tester Software:
Test waters in the competitive Forex trading with the best forex training software. Learn how to perform basic currency trading and master advanced strategies without spending a dime! Forex Tester simulates Forex environment, supplying the trader with real data on currency values and exchange rates and allowing you to try various trading strategies without risking your money. Forex Tester operates with real historical data, allowing you to play back exchange rates of any period of time while carrying on trading. You can 'buy' and 'sell' currencies based on historical exchange rates without actually spending your money. Having several windows with different currencies and time frames open at the same time, you can carry on trading the way it works in real-life situations or test multi-currency trading strategies. To make Forex training easier, Forex Tester can slow down or accelerate rates of currency exchanges. Mastering trading is impossible without analyzing past transactions, and Forex Tester 2.0 allows rolling back your trades to analyze your strategy in retrospect. Forex Tester 2.0 is a perfect tool to develop and test automated trading strategies. Real data supply and the ability to accelerate data feeds make strategy analysis a blast while remaining as or more precise than competition. Even with these automated strategies Forex Tester 2makes it easy to review each operation made by the algorithm in retrospect to better understand its strong points and limitations. Those who prefer making their own decisions will find the many indicators and graphical tools provided by Forex Tester extremely handy. Forex Tester is never too grin or too optimistic, providing performance extremely similar to that in real life. With Forex Tester, you will never again have to use a trading strategy that works better on a simulator than it performs in real life.
What's new in this version: Version 2.7 added unicode support and Forex Tester was translated into the Japanese, Chinese, German, French, Spanish languages. You can select your language in Tools -> Language menu.
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All versions:
4.5 starsout of 2 votes
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"Forex Tester!!!"
Version: Forex Tester 2.5
Pros
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!!!
Cons
I have nothing to tell here
Summary
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!
So, in closing - thanks for a great product! -
"If you trade Forex, you NEED this program."
Version: Forex Tester 2
Pros
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.
Cons
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.
Summary
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.
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