30+ Reasons to Learn Forex trading With Our Forex Trading Analysis Software

Test your strategy on several currencies and time frames at the same time. In Forex Tester you can open any number and combination of charts of various pairs and time frames. All charts are synchronized.

Most traders use more than one strategy in their trading. All these share the same account: As long as money is invested in open positions of strategy A, it is not available for opening a trade in strategy B or C. This represents yet another factor where software that was not designed for backtesting and deep Forex trading analysis produces unrealistic test results. When your trading in your live account relies on those results, you`ll have unexpected losses and can only scratch your head why that is. Forex Tester in contrast can include multiple strategies for a truly realistic test in order for deep learning to trade Forex. All interactions between your strategies can now be simulated. Test results are a lot closer to what you will see in your real broker account. With Forex Tester, finding the most lucrative or stabile combination and priorities of your strategies can be achieved while staying in the save simulation environment.

There are some features in Forex Tester that can help you to organize your backtesting process in a more effective way. These features are related to synchronization:

• Global Crosshair Cursor

Synchronize a crosshair cursor on all of the charts you are working with. When pointing on the selected chart with the Crosshair cursor, it is also represented on the rest of your charts with all timeframe differences kept.

• Simultaneous scrolling of the charts

Scroll all your charts with the same currency pair simultaneously. The charts will be scrolled automatically with the right calculation.

• All lineal tools synchronized on all charts

Synchronize all of your graphical tools on the different chart windows with the same currency pair selected. Just add some tool to one chart and then it will appear on all of your charts.

We have grouped all indicators by their functions so that you can find the needed one in less time. There are the following groups of indicators in Forex Tester: Trend indicators, Oscillators, Volume indicators, Volatility indicators, Adaptive indicators, and Custom indicators.

Instead of spending months with a Demo Account, you can test your strategy within a few hours on historical data.

Let’s take a look at two ways to test your strategy:

Forex Tester gives you an opportunity to test faster than any other software does. Save time and get much more solid results than before. Broker terminals are good for live trading but not for testing. Our software is specialized for testing and fills the gap.

Many traders would love to practice on weekends. With Forex Tester you will be able to make progress 7 days a week. If you are very dedicated to develop your trading and understanding of the market, then you no longer have to settle with the market limitations: Make use of the days when you are free from every day routine and try make learning to trade Forex more efficient.

Speed up preparations for your regular testing by optimizing the interface to your individual needs with templates.

Forex Tester allows testing Automatic Strategies (Expert Advisors)
Here`s some of the advantages:

1. You can backtest strategies based on multiple currency pairs and time frames
2. You can see how exactly your strategy performs in real time. In other programs charts cannot be opened before the test is finished. Forex Tester allows opening many charts while your strategy is working (in any time frame, with applied indicators, graphical objects, etc.).
3. Forex Tester allows you to test strategies with real tick data that includes floating spread. So now you can even test scalping EAs.
4. You can adjust strategy parameters while the test is running (indicators, market conditions and so on). Other software only performs backtests with fixed parameters. This is a real time saver in the experimenting stage.
5. You can pause testing and analyze the market situation. Or you may “rewind” and “re-play” interesting moments to analyze the behavior of the strategy.
6. In Forex Tester it is possible to simultaneously test more than 1 EA as well as many instances of the same EA (on several currency pairs for example).
7. Leverage, spread and swaps can be defined by the user for all individual currency pairs in Forex Tester to simulate conditions close to the real market. This is another important factor that makes results with Forex Tester way more accurate than with other software.

In case you need your indicator/EA urgently or if you need to code them from scratch, our partners from 4xdev company can help you for a moderate fee. The 4xdev development team has a wide range of expertise: from developing products for Forex market (indicators/EAs/scripts/tools) to Machine Learning products and much more. You can contact them via support@4xdev.com.

It is possible to test combined strategies (Manual + Automatic) in Forex Tester. For example: You enter trades manually and exit automatically or vice versa. This gives you the opportunity to creatively test different ideas before spending time and efforts on programming fully automatic strategies.

People who use live trading software (the programs you get from your broker) for backtesting often complain, that strategies perform great in the testing stage, but do not work at as well in live trading. There are various ideas as to why that is. Forex Tester has many advanced features that make tests very realistic (simulating with multiple strategy combinations, floating spread, etc.). With these advantages, Forex Tester plays in a another league compared to other programs. If you suspect test results to be compromised by a dishonest broker, then you can be certain that the results in Forex Tester provide you with objective information on the quality of your strategies because Forex Tester is independent of your broker account.

Try Forex Tester for free* and get an idea of how many hours it will save you each week while doing all Forex trading analysis groundwork instead of you. When you multiply these hours by your hourly rate, then you will get an idea of the value. The improvements in your broker account are not even taken into account at this point. Just take a look at your trading history and compare it to the tests in Forex Trader. We are confident to say that no matter where you are at the moment, you will get a lot more out of Forex Tester than you pay for it. Maybe your broker won`t like that, but everybody else (you and us) will be happy with the results. :) *100% free with modest feature limitations or 14 days testing with no feature limitations if you purchase and use the 14-day money-back-guarantee

The scroll bar allows you to set the simulation speed.
You can for instance set the speed to real time (as the real market). This will give you the most realistic online trading experience when simulating manual trading. Or you can speed up testing and pass a few years of data in a minute.

Test your strategies, pause and resume at any time you want. For example, you may start testing some strategy one day and finish it another day. Or you may pause your testing for the vacation period. Whatever your schedule is, with Forex Tester, you are in full control.

You can send your testing project to other Forex Tester owners. This is incredibly valuable if you have a trading-buddy or a mentor who can give you feedback. Otherwise you would have to make screenshots and explain things in an email.

You can upload new data to the project you are testing at the moment (without reloading it). Just wait until all the ticks are generated and continue your test.

You can move to the next bar on the chart by pressing “Space” key. This is useful if your strategy requires the current bar to be closed before the next action.

In case you need to test the strategy in a time frame, which is not included by default, you can easily create a template for this time frame by yourself (how about trading on 3-minute or 8-hours charts?)

In the Forex Tester program, we offer you to choose between 2 different testing modes:

1. The first mode is an “ordinary” mode that allows you to step back by one bar and change your trading decision. This possibility is extremely helpful for education purposes - you can easily investigate the differences that various trading decisions can cause.
2. The second mode is called “Forward testing only” and it doesn’t allow users to step back by one bar. This mode is closer to the real-life trading when you have no second chance to “replay” your trade.

You can change your testing mode at any time and combine both variants for a faster improvement of your trading skills.

In Forex Tester, you can check whether you have enough data for all the symbols selected for a new project. If the data is not enough, you can download the needed data or choose other options.

Every trader probably makes his fair share of mistakes before learning to trade Forex like a professional. But isn’t it better to learn from your mistakes during backtesting, than during the live trading? Test, go back at any number of bars and go through again.

You can change:

• spread
• leverage
• swaps
• initial balance
• minimum distance to price
• digits after profits
• margin
• hedged margin
• the lot size
• simulate depositing and withdrawing money
• and many different parameters

Forex Tester is not limited to Forex. Whatever instrument you have data for (stocks, CFDs, you name it…), Forex Tester lets you simulate trading it. Here again, the total flexibility with the transaction costs comes in handy.

In Forex Tester, we have added more than 850+ various symbols. In this way, all the traders who prefer trading stocks, indexes, or cryptocurrencies can widen their horizons with backtesting. Enjoy a great possibility to test a wider variety of symbols in the new version!

Every single element of the ribbon interface (icon, button, menu, tooltip, etc.) is arranged in a way that makes Forex backtesting even more convenient and intuitive. Moreover, such design is a real treat for the eyes!

Anyway, if you’re not a fan of the ribbon interface type, there is always a possibility to go back to the earlier design with a couple of clicks.

16 languages are available for a better understanding of the Forex Tester’s interface. There are English, Russian, Spanish, German, Japanese, Hungarian, Polish, Indonesian, Portuguese, Dutch, Italian, Thai, Slovenian, Vietnamese, Turkish, Czech.

*New Forex Tester 5 interface is translated into 4 languages

Now SL/TP levels can be set in several user friendly ways:

1. Define directly from the chart with a "dropper"
2. Define in PIPS
3. Enter as number

Keeping a diary with detailed explanations and screenshots for each trade is very valuable both for self-reflection and learning as well as for feedback or demonstrations with mentors, friends, students (if you are a teacher), and on forums.

In the Forex Tester program, you can write notes, keep them all together, and attach them right to the charts. We are absolutely sure that it will help you to analyze the trades better. Create, edit, delete, and search your notes - all your ideas and trading decisions are always at your fingertips!

Make Forex Tester analyze all your profitable and losing trades, income, drawdowns, average profit/loss, max drawdown, max profit/loss trade, the quantity of profit/loss trades in a row and many others stats that will be useful for your analysis.

The profit chart will help to see the biggest changes in balance, equity, margin and drawdowns. It is a great indicator for the strongest and weakest aspects of your trading.

You can export your Profit chart to Excel or to a file as well as your statistics and account history. The exported file will provide you with the next information: DateTime, Equity (Open, High, Low, Close), Balance, Margin, and Drawdown.

Your Profit/Loss value is represented in both points and money equivalent. As a result, you can instantly check the total number of points you won.

Simplify analysis of your trades by grouping them according to such parameters as Date, Symbol, Type, and Profit. It is the most convenient way to check your trading results.

Forex Tester provides you with over 50 built-in indicators and oscillators that you can test your trading systems on.

In Forex Tester you can use trend, horizontal, vertical and poly lines; all Fibonacci instruments such as retracements, extensions, fans, arcs and time zones. We also provide a unique and easy method of marking the waves on charts.

Use trailing stops to limit losses due to retracements without closing profitable positions too early.

Forex Tester allows you to train your skills on Japanese candle sticks, bars, range bars, lines, and custom charts like Heikin Ashi. All the charts (regardless of their type) are synchronized and can be used simultaneously.

Have all the necessary information about the bars and indicators in one place

Adjust the visual appearance of the trading terminal to your work flow.

Windows can be arranged in many different ways. Place them horizontally and get all the necessary information at a glance; tile them in a cascading style and switch easily between them with a click of the mouse. If you have many monitors, you can adjust the size of the program and then place charts on any monitor.

Set a group of market or pending orders and activate them with one mouse-click or by pressing the hotkey. This feature can be useful if your trading is based on news events for example.

Historical news service is an undoubtedly useful feature for those traders who use fundamentals as an additional source of information in their forecasts. Its significance is based on the great impact the major economic and political events have on the market moves. We have launched a news service for those traders who are eager to find the reasons for such huge market moves and base their trading decisions accordingly.

When using our Historical news service, you can:

1. Learn numerous details about the particular news: the time when the news appeared, a currency the news belongs to, a period of time when the news had an impact; a forecast of financial experts concerning the news, and much more.
2. Enable news notifications on the chart.
3. Get great hints for planning your trading strategy (just pay attention whether the color of the news is green, yellow or red).
4. Choose whether you want to exit the trade or not open it near the major news releases.

Easy Forex Builder (EFB) is a separate tool with the help of which it is possible to create expert advisors (EAs) even without coding skills. Thanks to this tool, you can create an expert advisor that will match your personal preferences. You can do it by using a simple drag’n’drop interface - just select the appropriate elements and get a coded expert advisor.

Risk management is the key to successful trading, and the Risk/Reward tool is one more advantage for you to keep your deposit safe.

Based on the well-known risk/reward ratio, this graphic tool shows the prospective profits you can get and the risk you must undertake right on the chart.

“Should I execute this order? What will happen with the balance if the market moves in my favor or against me?” – this tool will give you the answers.

If your broker charges commission, you can indicate this value in Forex Tester. When a trade is closed, your profit will be displayed already with the consideration of your broker’s commission. Remember: it is necessary to know either your broker charges commission when you open the trade, when you close it, or in both cases.

When it comes to the risks calculation, Forex Tester is a great assistant of yours: you don’t even need to calculate a lot value that would be secure for your trade by yourself. The program will make it for you! Use this function during the backtesting process and get the excellent practice of how to trade with the firm money management rules.

You’ll find this feature useful if you are one of those who use fundamental analysis in trading. Forex Tester lets you choose whether you want to exit the trade or not open it near the major news releases and therefore lower your trading risk.

After selecting the needed area on the chart with the crosshair cursor, you can measure:

• range of bars
• quantity of points
• price at the final point
• distance between two candles (represented in bars and points)
• price value at the final point and how the price has changed in %
• date/time of the last candle and how long it will take the price to get there

By using the Date/Time settings in Forex Tester, you can save your time significantly. We offer you to take advantage from the next functionalities:

• Apply Daylight Saving Time (DST)

In the Forex Tester program, you can activate the “Daylight Saving Time” option. Enjoy the automated calculation of the summer time shifting for a trading session you are interested in. it). Just wait until all the ticks are generated and continue your test.

• Use custom time settings

You don’t need to calculate difference between various time zones by yourself. Just choose a trading session that suits you while creating a project.

• Restart a project from the date you need without creating a new one

In Forex Tester, you can restart your project from the chosen date without creating a new project.

Forex Tester allows you not only to backtest your trading ideas but also to learn Forex right in the software using interactive built-in courses!

Such an approach is the most effective since you can immediately practise the acquired knowledge. It provides the highest rate of information retention (75%) in comparison with other learning methods (lection – 5%, reading – 10%, discussion – 50%).

Moreover, you can start your Forex education from the lesson you are interested in. The Forex market basics are already in the software, and more difficult lessons by our partners and us will be added gradually.

The main goal of each trader is to find a good trading strategy that will bring high and stable profits. Our AI-based Strategy Optimizer makes this task easier since it helps to find the best strategy parameters in the shortest time possible!

It works quite simple. You only need to define a strategy and specify the parameters you want to optimize. The AI-based algorithm will create a list of all possible combinations and test a few of them to find the best setup. Why only a few? Because AI knows which combinations should be tested and which parameter sets won’t bring a better result, so they can be skipped to save your time.

You know that every second in the volatile market matters and orders should be executed in time. Otherwise, it may cost you money. We built a convenient trading panel into Forex Tester so that you can reduce the number of routine actions you perform and thereby speed up the entire trading process.

Here are just some of the actions you can perform with this tool:

• Open/close multiple orders immediately.
• Open a group of orders with predefined settings for each of them.
• Close orders by type (market/pending, profitable/losing).
• Set Stop Loss and Take Profit beforehand – in pips or risk %.