Excellent job on risk management feature, it really helps a lot! Thank you guys, you are the best! The best way to accelerate learning how to trade profitably, without losing money during the learning process. ForexTester team did again a very good job with the last and improved version of ForexTester4.
I noticed the attention to details and the high variety of new features added, there is no doubt now that a trader can grow to becoming a professional trader without FT4 in their arsenal. All new features are very useful, one more than another, even starting from the new Icon of the software which I find it very thoughtful from FT team because it creates no confusion among users having multiple versions of FT installed. I would describe this: we all test demo accounts, but they are often made available for a month and we do not have the comfort of constantly and freely shaping our strategies, while Forex Tester allows us to create an environment that reflects the market and test our strategies and ideas freely, it is a perfect parallel supplement to the real account.
My congratulations with the new version! I was all fine with the Forex Tester 2, but after all features announcement, I definitely need an upgrade to Forex Tester 4! Good job! The Converter tool is my personal top. News at charts are very helpful too, try to use them, guys! I deeply appreciate the risks calculation feature built-in to the orders. Thanks again! We appreciate your interest in our interactive educational course.
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Download Free Desktop Application Test your trading strategies at sonic speed on 20 years of real historical data. Every pilot trader needs a Simulator. Practice forex trading with Forex Tester like pilots train before taking off. Speed of testing Control the speed of testing, from the slowest one to instant rewind to the required time or date.
Timeframes Easily switch between time frames without even stopping the action. Charts Test on multiple charts simultaneously! Previous tool Next tool. Try for free. World Humanist Day. Discount up to. Buy Forex Tester 5 Learn about the new version. How does Forex Tester work? Go to any point in high-quality Forex history.
Analyze market conditions. Find a trading setup and open a trade. Wind and fast-forward instantly. Analyze detailed statistics of your entire strategy. Benefits of our FX simulator Control the testing speed Test your trading ideas super-fast or slow.
Control the testing speed Test your trading ideas super-fast or slow. Watch video. Open an order and fast-forward to the next day instantly Skip what you want to skip. Free interactive Forex courses Already built-into the program. Multiple charts simultaneously Different currencies and and timeframes on multiple monitors. Turn-key solution Trading simulator, historical data, educational platform, trader trainer.
Backtest anywhere anytime No internet connection needed — that's the freedom. What you get with Forex Tester Forex Tester includes everything for your backtesting. No need to search for any other third-party software elsewhere. Filter: All New! Risk management Risk identification Testing Calculate a secure lot size in a moment for market and pending orders! Read more. Try for free Buy Forex Tester. On the General tab, you can find the following settings: Opacity — allows setting transparency of the window.
Show orders table — enables the list of orders. Symbol — symbol name. Close-to-life trading environment Testing Set up commissions, spreads, and swaps for each symbol. Common tab The Common tab allows you to change the following settings: 1 Symbol name 2 Symbol type Currency pair, stock, index, or futures.
It defines two options: A minimal distance from the current market price where you can place pending orders. Drawing tool will show you the following information about the further trade: 1 The Take profit level.
Statistics Testing Get detailed trading statistics during and after backtesting trading strategies. Interactive Forex courses Forex education New! Learn the Forex market basics with our built-in free forex training interactive course for beginners! Covers all the basic topics you need to understand the market. From Forex pairs, pips, and spread to placing orders on different types of charts using stop loss and take profit, our Forex tutorials for beginners will provide you with the knowledge on how to get started in Forex.
Includes both Forex education and training. Each lesson consists of a theoretical part focusing on one key topic and a practical part carefully crafted using real historical market data, meaning that you get the ability to imply newly acquired knowledge into practice right away.
No screenshots, pre-recorded videos, or other fluff. The simulation is considered the best Forex training format that allows you to fully immerse yourself in the trading environment but still stay safe from any money risks! Based exclusively on Forex Tester software.
Our Forex training course for beginners is totally free and has already been built into the Forex Tester software. All tutorials are available in a free trial! Download it by clicking the button below and start your Forex trading education journey! Fundamental analysis added News Learn how to get the most out of the Forex news release and when to avoid entering the market.
Buy Forex Tester. Forex Tester works based on real Historical data Practice day trading using free pre-installed Basic Data or simulate actual market behavior,. The choice is yours. Practice day trading using free pre-installed Basic Data or simulate actual market behavior, get topnotch data, and receive more precise backtesting results with the Super Data subscription to get the fullest paper trading simulator.
Free Basic Data. This data is pretty enough for most traders to see if a strategy is profitable or not. Super Data Subscription. The best choice for traders who consider even the tiniest price fluctuations. This data is the most precise, with daily updates and 5-digits data.
Currencies, cryptocurrencies, stocks, indexes, commodities, futures, metals, etc. Include trading with precious metals. There is gold and silver 20 metals. No floating spread or tick data. Unlike fixed spread, floating spread is a changing value between bid and ask price.
News - Only USD-related high priority. News - for 9 currencies high, medium, and low priorities. The data is always up-to-date. Real Forex data which was relevant for the past 20 years. Tick data Forex tick data shows the real non-simplified market conditions.
Floating spread Not only do the price and volumes change on the Forex market, but the spread tends to be different depending on the varying circumstances on the market. Daily update Traders are interested in using the historical financial data of the latest events.
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Saving and loading Projects. No way to save and load projects You have 1 hour of uninterrupted testing in the free trial version of Forex Tester and you cannot save projects. Unlimited saving and loading. Unlimited testing time. No tick data. No floating spread. No Crypto. No Exotic. No Commodities. No Indexes. No Stocks US.
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Dean Customer story My overall impression is that it is a great improvement for manual traders due to the inclusion of the news feature. Premnath Divakaran Customer story I have been on the trading since 10 years and i find that i learn everyday with the forex tester. Opinion It is the absolut basic training for developing a trading strategy. Nick Jr. Customer story Thank you for the opportunity to join the beta-testing team.
Opinion The best way to accelerate learning how to trade profitably, without losing money during the learning process. Sebastian Customer story ForexTester team did again a very good job with the last and improved version of ForexTester4. Opinion I would describe this: we all test demo accounts, but they are often made available for a month and we do not have the comfort of constantly and freely shaping our strategies, while Forex Tester allows us to create an environment that reflects the market and test our strategies and ideas freely, it is a perfect parallel supplement to the real account.
Mike Customer story My congratulations with the new version! Show more. Valuable Partners. Free data provided by Forexite broker. You are successfully subscribed! The confirmation email will be sent to you later currently we are carrying out the technical work on the site.
It may take few days. Once we have everything set up, we will send you an email to confirm your subscription. Thanks for submitting! You download Forex Tester with a built-in courses. Available for PC only. Choose what suits you best: Free Web Demonstration An interactive Web Demo to show you what is Forex Tester and how it can help you to become a better trader! Show me! Free Desktop Application Test your trading strategies at sonic speed on 20 years of real historical data.
Over 5 terabytes of data for more than symbols are available in a paid subscription USD major news Predict huge market moves: avoid them or take advantage of them. New Shortcut. Close window. Current price monitor. The shortcuts for the orders. Stop Loss field. Take Profit field. Opens long positions. Opens short positions.
The button that allows deleting the shortcut. Symbol name. Symbol type. Currency pair, stock, index, or futures. A group of the symbols list which the symbol refers to. Lot currency. Base currency. Lot size. The cost of 1 lot in the currency of the lot. Spread, points. The spread in points. Post decimal digits. Min distance to price. Margin for 1 lot.
Hedged margin. Commission per lot. Swap long. What does backtesting mean? A backtest of an expert advisor means running the expert advisor on historical data. Basically, you can see how the expert advisor would have behaved in the past. If properly done, backtesting can give you a good idea of the potential performance of an expert advisor.
When talking about backtesting, it is always important to remember that past performance does not guarantee future results. Backtesting is a very simple process. MetaTrader will run the expert advisor on the historical data and present the results.
It is important to have accurate and complete historical data, otherwise the backtest will not be reliable. You can learn more about getting high quality historical data for accurate backtesting with MetaTrader 4 from our dedicated tutorial on MetaTrader historical data. Backtesting means testing a trading strategy or an expert advisor on historical data.
With the symbol indicator Forex backtesting tools on MT4 is much easier. This feature enables you to form an opinion providing you with the change, range, and indicators on every timeframe. Using this analysis in conjunction with a detailed database and you are on the road to success. Forex backtesting software works best if you have a database of prices. Furthermore, having a full history of economic data events could also be built in.
Such data is widely offered by many vendors. Typically, it will have the daily low, high, open and closing prices, along with various Forex data for additional backtesting. MTrading trading simulator, lets you enter the market and pending orders, set trailing stops, define the stop loss and target profit for orders once clicking on the price chart.
You can also save multiple order definitions in the form of templates; while also being able to close all open orders quickly. Also, there are many more features that are not available as standard in MetaTrader 4. Using our strategy tester, we suggest using historical data for testing manual trading strategies. This is how you do it on our trading and backtesting software. By selecting the expert advisor MTrading - Trading Simulator. If you are not sure on the testing model specifically, then select the Open Prices mode.
We suggest selecting other settings if you have such experience. Then select your preferred time window, but make sure certain historical data also exists, and enable the visual mode. For the simulation to be more realistic about your goals and situation, select an initial account balance in the EA options to replicate your live account.
This can be done by clicking the Expert Properties in the MT4 simulator window and clicking on the Testing tab. The Forex simulation software gives you the possibility to use the visual mode and speed up the process of backtesting. You need to move the slider to the left or right in regards to the backtesting speed you want to achieve.
You can see how it looks in the example below. And if it is rising, there will be no confirmation. This is just a particular strategy. So what I was talking about earlier about the reppainting indicators applies here very well. But keep in mind that these indicators are repeating. So what happened at this moment is not exactly what we see right now. Anyway, this is the entry rule , and the exit rule is that the Awesome Oscillator crosses the level line upward.
But, for example, if we have the cross and we have the confirmation from Stochastic, we will buy. And then the exit will be when the Awesome Oscillator crosses the level line upward. This is the reality, the backtest. We have the results, so we see exactly where the trade was opened and where precisely the trade was closed. We see the Profit, the balance, and if I scroll down, I see that starting at 10,, we ended up at 10, And this was trading with 0. And we have the report where we see some statistics.
For example, you can see the gross Profit, the total loss, drawdown, long position, short position, a lot of statistics, but most important is the graph. You can see how this strategy performed. Every strategy has a losing period, and it has a profitable period. The most important thing is that the strategy should give us a backtest that goes on Profit.
And this is why I am trading with many Expert Advisors, not just with one. When one of the Expert Advisors loses, the others will be profiting, and they will compensate for the loss. But this is called risk diversification. When some of the strategies lose, the others will compensate for that. And the portfolio of Expert Advisors will have a much more stable backtest. And, one more time, if I go to Expert properties and I go to inputs, you will see that this is trading with 0.
Now, if I change it to a complete lot and click on Start, I will have the very same graph, but you can see what the difference is in the result. It is starting from 10, T his is how the Expert Advisors work.
They execute the trades automatically. This is the backtest. We see the equity line, and this is the result of continuous trading, from Monday until Friday, 24 hours. Now, the software that I am using to create these Expert Advisors shows much more information and statistics about each Expert Advisor or if we have many Expert Advisors in the account, and I will show you that in the next lectures.
I have created the Academy in The best method to learn nowadays is online, and I have specialized in recording online trading courses, which brings the traders what they need to start trading professionally. I am happy to share s of Expert Advisors in my courses for free so that everyone can practice algo trading. With my team, we do our best to create high-quality education, review platforms, and brokers and help everyone to stay on the profitable side.
Trading Tips. Backtest MT4: the only way to relay on a strategy before trading Backtest MT4 is the proper and professional way to test any strategy before real trading. Drag the Expert Advisor over the chart I simply drag it, and you will see a small menu that comes up. The input menu We see here the Stop Loss and the Take Profit, I will explain that in a minute for the beginner traders. AutoTrading We have the backtest MT4.
When AutoTrading is not enabled So when we want to trade with the Expert Advisor, first you need to enable the AutoTrading, Enable AutoTrading and then you drag it over the chart, and you will see the smiley face. Right-click, go to Expert Advisors, then Strategy Tester. The symbol and model So, in simple words, what Open prices only means is that on the opening of every bar, the Expert Advisor checks if the entry conditions are there.
Visual mode with backtest MT4 And if they are right, it will execute the trade. The trading is simulated. RVI signal crossing the signal line upward The entry rule and the exit rule So this is the first signal. Awesome Oscillator crosses the level line upward.
The report For example, you can see the gross Profit, the total loss, drawdown, long position, short position, a lot of statistics, but most important is the graph. The graph You can see how this strategy performed.
What does this mean? In essence, you need to have established rules when doing a backtest, as to avoid human error or bias playing any part. When I was an unprofitable trader, losing on live markets, I would somehow always be profitable in a backtest. If you need help creating a trading strategy, I would take a look at this Investopedia article. There are also some very interesting strategy ideas on Forex Kings website that you could adapt into manual trading strategies.
Backtesting a trading strategy can be done in 2 ways, both with differing levels of success. This can be broken down into either performing an automated backtest, or manual backtest. The benefit of this way of backtesting is the fact you have no manual intervention, meaning you cannot interfere with the results. This typically provides a much more accurate data set and results. Click here to read my full article breaking down all of your options.
Manual backtesting is a lot more common and the majority of retail forex traders like to use this as their primary method of testing. This entails a trader looking over years of data manually and taking trades based on what they see. This should still be done with a fixed set of rules and should not differ too much in results from an automated backtest. The issue with manually testing is human bias. TradingView is the most common tool used for manually backtesting currency pairs, along with some kind of app to log the results like Excel or Evernote.
This is all you need to know about backtesting on TradingView! I find it by far the easiest platform to backtest on, manually. MetaTrader 4 is the most common choice of retail traders looking to backtest a trading strategy. Luckily, MT4 have a Data Center!
You can backtest an EA over years of data very easily using the MT4 backtesting feature. As shown here, the modelling quality was I would personally need to combine this backtest with a demo forward test for a few months, to be sure that the strategy is even viable. In summary, backtesting a forex strategy is incredibly important and something that all profitable traders have done hundreds of times. With Expert Advisors. For the beginners these are trading Robots that implement trading strategies.
And we can backtest them on MetaTrader. In other words, we can see how they performed until the moment. I will demonstrate to you how Expert Advisors work and what exactly are the Expert Advisors, or the so-called Robots is the slang word, or you can find it as EA. And probably when I say EA, the younger audience will connect it with Electronic Arts, the video game company.
But actually, EA in trading stands for Expert Advisors. And these are automated strategies. As we said, they are executing the trades automatically for us, and behind 1 Expert Advisor, there is a strategy. Now, let me put this Expert Advisor over the chart. I simply drag it, and you will see a small menu that comes up. We see here the Stop Loss and the Take Profit, I will explain that in a minute for the beginner traders. As well, we have the Magic number, which is kind of a unique number for each Expert Advisor, and we will use it later on in the course to follow the performance of all Expert Advisors that we will be trading with.
When we do backtest MT4 it is realistic and true when we use the proper indicators with their parameters. So the Stop Loss and the Take Profit , for the beginner traders, are tools that are also used in manual trading. So if the price goes to 1. So you will ignore all of those emotions that I was talking about, and you will just leave it to the market whether it will hit your Take Profit or it will hit your Stop Loss.
While in algorithmic trading, the idea is different. We have the backtest MT4. You will see the whole process that I will follow to create these strategies. And all these values, the Stop Loss of These are values that were generated with software, and it shows that these are the best values for this strategy, on this currency pair, on this timeframe.
And you will see the strategy just in a minute. So when we want to trade with the Expert Advisor, first you need to enable the AutoTrading,. I wish to show it to you. As a model, it is Open prices only. So, in simple words, what Open prices only means is that on the opening of every bar, the Expert Advisor checks if the entry conditions are there.
And if they are right, it will execute the trade. Now, I will not use date, I will just use all of the data that I have in Meta Trader, and I will go to Visual mode, so you will see how that works. So you see it simulates trading back from 22nd of February, You see one trade was opened over here, it is a sell trade, and the price continues, and it will close the deal at one moment, then it will look for the next trade.
Let me make it a little bit faster. I will try to make it at a level where it will be more visual how that works. So the price goes in a range. The trade was closed, a new trade was opened, and then the price continues to move, opening, and closing trades.
If I make it with the maximum speed, it will complete very quickly. Now, with the Visual mode, in the end, you will see the indicators that are for this strategy. The strategy, in this case, is that if we want to buy, we want to see the RVI signal crossing the signal line upward. The RVI is crossing the signal line upward. It is this one over here. So this is the first signal.
But to execute the trade, we want to see confirmation from the Stochastic, and it should be falling. And if it is rising, there will be no confirmation. This is just a particular strategy. So what I was talking about earlier about the reppainting indicators applies here very well.
But keep in mind that these indicators are repeating. So what happened at this moment is not exactly what we see right now. Anyway, this is the entry rule , and the exit rule is that the Awesome Oscillator crosses the level line upward.
The hotkey you will need to know to manually backtest your strategy is F This is the key that is going to help you either go forward or back. Note: To start manually backtesting, you need to know a few, useful MetaTrader 4 hotkeys. Mainly, F12 moves the chart forward by 1 candlestick. You can use it to manually backtest strategies with MT4 Strategy Tester. It only works with Strategy Tester, and only in Visual Mode.