A tester software is where you can test and analyze your trading signal against charts framed with historical data. These don’t involve real money and return an analysis report indicating your net profit/loss, successive loss made and various other similar parameters. Based on this, you can set and reset your so formed signal to maximize profit. This article answers 4 common FAQs to give you a detailed idea about the Forex Tester 2 full version briefly describing its features and benefits.
Forex Tester, designed by Forex Tester Software is a specialized software that helps users to study stock market in a fast and simple way. It is improving your trading skills, testing out new strategies before getting started in this field.
How many years of historical data are available?
You will have access to over 16 currency pair charts with data collected over 15 years. Every financial market is said to repeat itself. If a currency has followed a cup and handle pattern in the past, expect it to repeat itself in the near future. This way, you can place your buy and sell orders accordingly to maximize your gains.
Plus, these are real time market data and not some random charts. Testing the trading signal against these is somewhat similar to trading in the real world.
Can I forecast here just like a real account?
All the technical analysis tools will be available here as well. Forex Tester 2 full version comes with indicators and oscillators like MACD, Bollinger Bands, Stochastic Oscillators, Keltner Channels and many others. You can apply these on any charts to learn their functions and accuracy.
You will get a vivid idea about forecasting from here. Say your selected tools indicate an uptrend in the next month. You can actually analyze the precision of your selected tools as next month’s data will also be available.
Can I test my signal over several charts simultaneously?
It may so happen that the signal or expert adviser you just created is returning a loss trade with AUD. This very signal may turn profitable when used with EUR. Forex Tester 2 full version lets you analyze the signal on multiple currency pair charts for this simple reason. The best part is, all the testing can happen simultaneously to check your signal’s currency compatibility.
Also, you can set different time-frames with different lengths to check your strategy. It can be 5 minutes or 10 hours in any week or month of any year.
Does the Forex Tester 2 full version require an internet connection to work?
Forex tester will require internet connectivity only to download its historical data from its server. Also, codes for its indicators and expert advisors are also retrieved from the net. Dirt 3 crack download free pc windows 10. After this, the software is capable of running offline with all its features intact. The task of checking your signal against charts is performed by the tester’s algorithm loaded in your computer memory.
If you wish to update your chart and market data, you will have to connect to the net again.
A tester software gives you the practice of the currency exchange trade. Unlike a demo account, this works on past data and fails to reflect any current event affecting the market. Apart from this, it works fine to develop your trading intuition and forecasting skills. Download the Forex Tester 2 full version to get that adequate practice and start investing soon.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
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.Forex Tester 2 Full Version Download Free
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.
Free Forex Tester
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.