I have been on the trading since 10 years and i find that i learn everyday with the forex tester.We have to change the mind and train the mind to predict what we see and what is the actual live movement.
I am glad i use it to learn new pairs that i want to venture in .Only when i am confortable of what i can understand the pair from the forex tester results do i venture in live trade.
I love FT 4. I think it's an absolute gamechanger. I understand people use it to backtest strategies to gauge how profitable they are, and while that's a great use for it, I think people are overlooking its true value.
If you are new to trading you are more than likely learning from a mentor a strategy that has already been battle-tested and proven. So there is no need for backtesting. Therefore the value in FT 4 is the ability to PRACTICE. You can load up any trading day from the past 20 years and trade it like it's live using whatever strategy you are trying to master. And you can trade multiple sessions a day; you can trade ALL day if you like. FT 4 can cut the average learning curve in 4ths, making it possible for relatively new traders to become unconsciously competent at the SKILL of trading in record time. Absolute gamechanger of a software. Bravo to the creators. I think it's a must-have for any new FX trader.
When gathering to test your strategies no other back testing better than FT4. The historical data gives you enough data to test the market.
There support are very helpful when you encounter problem navigating the software. I recommend this to anyone who wants to have an edge in Forex market and accelerate their learning fast.
The technical support engineer was very knowledgeable about Forex Tester and answered my question in a friendly but professional and clear manner.
"Forex Tester 4 is an improvement over the previous version as it now allows your own personal EA to be converted in an easy manner to be used by FT4 for testing.
Many personal favorite can now be converted and this allows to test a strategy before going with the live account and risking hard earned money. Very great tool for learning to trade prior to trading real money.
Helps gaining confidence in the strategy and the money management."
"Forex Tester 4 is very good; it has a lot of good features. The feature I like the most is the risk % on the execution of orders Congratulations on the great program."
Forex Tester 4 has a lot of the look and feel of Forex Tester (which is good). The software is very customizable and includes features like Hotkeys for almost any action and quick buy or sell orders all of which allow for quick action for fast testing.
The ability to use fixed fractional position sizing is the most exciting feature. This allows users to take realistic trades and see their account growth in real time. Previously I was using spreadsheets to determine overall performance. I think the ability to leave notes on the chart is another great feature especially for developing traders. It may take a little time for best practices to be established on how to use them most effectively but I think once that happens it will make Forex Tester 4 a staple in trading education....read more.
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....read more.
My overall impression is that it is a great improvement for manual traders due to the inclusion of the news feature. It is certainly improving my results when backtesting my shorter term systems as it allows insights for entries and exits that no other backtesting software provides.
The features I liked the most were the news, as well as the “% risk to use” calculation when placing limit orders. The % risk one is actually a HUGE timesaver for me from having to do manual calculation or just using a fixed lot size which produces inaccurate backtest results....read more.
Thank you for the opportunity to join the beta-testing team. I am a Forex Tester user since the Forex Tester 2. The new version is very powerful! Excellent job on risk management feature, it really helps a lot! Thank you guys, you are the best!
It was great to test the new version of Forex Tester before it was released. Thank you, Forex Tester team.
I love the ability to switch to NY Close time zone without any calculations. That is really helpful. Besides since the Forex Tester I’ve asked for the risk calculation tool and that was cool to find it in Forex Tester 4.
I appreciate how many changes you’ve done in the new version. Really.
My experience with Forex Tester is very positive, it has been, apart from trading books, my greatest source of trading technique learning. The objective that Forex Tester helps me achieve is to test trading systems, I wouldn't trade live without using the system on Forex Tester first.
For those traders that are not familiar with Forex Tester, I would say that it is probably the most important tool to improve your trading skills, as you can trade many different pairs with real historical data on the time frames you choose.
You Forex Tester was helpful; I’ve spent so much time while backtesting, but now as I can see how much was done in Forex Tester 4 – it is impressive! Testing right now your new Easy Forex Builder – it looks like a great deal of work, well done. I suggest every trader give it a try.
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!
I am a Forex Tester user since 2016 and I must say the new Forex Tester 4 is amazing. 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!
Wow! So many new features inside the Forex Tester 4! The risk % features are exactly what I need l! Thank you, this will ease the way I backtest.
Most computers produced in 2005 or later will be compatible with Forex Tester, so please do not worry. If the program does not work on your computer for whatever reason, then we will either help you to fix the issue or refund your order. For those who need more specific technical details, please click here:
*Please note that using indicators that perform complex calculations on every bar increases the CPU load and can take more time for displaying the bars. As the Forex Tester program uses only your computer resources for calculations, applying some complex indicators to the higher timeframes (like Daily, Weekly, Monthly) can cause slow performance.
**Free space requirements depend on how much data you use for yoru testing. For example, 1 year of tick data for 1 symbol can take up to 1 Gb of disk space.
One license allows you to work with Forex Tester on one computer. If you want to install it on two or more computers, you need to purchase two or more licenses according to the number of computers.
You can transfer our software to a new computer (if the old one is broken or you bought a new PC) absolutely for free. To do this, enter the registration key received upon purchase in the “Help → Register Forex Tester” menu on another computer.
You can read the full Forex Tester End-User License Agreement (EULA) text.
You can read detailed instructions on how to install Forex Tester.
In case you are not satisfied with the Forex Tester software, it is easy to uninstall it in "Start menu → All programs → Forex Tester → Uninstall Forex Tester".
If you embark on the path of professional trading, there is no need to emphasize the necessity of a thorough analysis of the market patterns.
At some point, both novice and experienced traders start searching for a tool to perform an in-depth market analysis to make their trading style even more efficient, systematic and productive.
Start a streak of your profitable trades using the advantages of the Forex Tester software. Take your trading skills to the next level!
The team of the Forex Tester Software company is a group of traders, competent programmers and polite support representatives. We decided to share our trading experience and present it in an understandable form for your benefit.
Our company has been holding the leading position on the market since 2006, and we know for sure what you need as a trader. Forex Tester is the best market analysis tool for those who appreciate their time and efforts on Forex.
If you have any questions about how to use the software, check the How to Use and the FAQ sections on our website. Our support specialists will also be happy to help you via live chat, email, or TeamViewer.