The Forex Tester is a specialized software designed exclusively for accurately simulating Forex trading. It is the best tool for quickly improving your trading skills, testing out new strategies and developing confidence without risking any real money.
The Tester has over 10 years of historical data that you can use to test any strategy. Depending on the time frame selected, you can simulate trading years of data in just a few hours. It is a free standing separate program that comes with its own extensive selection of indicators including Moving Averages, Bollinger Bands, MACDs, Pivot Points, Parabolic-SAR, RSI, Stochastic, Keltner Channels, Heiken Ashi candles, and many more. Choose from 18 different currencies to test, including gold and silver.
It is also a very effective and powerful tool for testing out your automated strategy. The results are accurate and can be trusted to be a viable set of statistics that can give you the information you need to determine if your strategy is robust.
Why use a Forex simulator?
The first step in refining your trading skills and strategies is to accept that this is a process that involves repetition, practice and reinforcement. This is where a forex trading simulator is very useful. It will train, save you money and ensure that you don™t start out a loser.
Many novice traders rush into forex trading enticed by broker ads of 400:1 leverage; free real time demo accounts or simply by the thrill of getting into the action. Even those that test their signals service or trading strategies in real time to see how they perform don™t do so adequately. In any case, there is a limit to how much you can gain from real time practice: testing trading strategies with live demo trading accounts is only useful if you know what you are doing.
Unlike a live forex demo account which functions in real time, a forex simulator enables users to upload, view and review historical data at any given point in time. Used to confirm one's understanding of pattern recognition and trading signals, data can be rewound and fast forwarded to test and retest your knowledge and understanding.
Using a forex simulator enables you to get months of training in just a few days work because you can pause, rewind, fast forward. You can set up 5 minute timeframes to up to what ever you choose. You can take snapshots of trades. You can use any indicator you like. You can keep a trade journal and refine your strategy.
300 Mbytes of disk space