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.
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 .
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.
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.
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.
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.
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.
I love the ability to switch to NY Close time zone without any calculations. That is really helpful. Besides since the Forex Tester 3 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.
With these testers I had problems like failure of software, partial or full blocking of their performance….. In general I will say honestly that it is not testing, it is the wasting of your time on my opinion.
I’ve been looking closely to Forex Tester software for quite a long period of time but I was confused by the lack of knowledge on how to work with it; besides the demo version is not functional on my opinion. It took me several days to look through Internet and read testimonials and comments about this particular tester. And finally I’ve made up my mind and believe me I do not regret even a bit; that is what everyone needs! It’s been a year now how I’ve been working with this program and it hasn’t failed even once. It will be useful for those traders who really approach the deal of creating and testing their trading systems in a serious way. I will mention just two main advantages of this tester, but there are really much more of them:
1. You can test strategies at any comfortable time unlike doing it using demo account, where you often must sit in front of the monitor and observe the price movements of the instruments. Let’s suggest that I have free time in the evening, I sat down and was working, and on demo account different important events might happen at that day and if I wasn’t present at my computer I would miss a lot.
2. You can test at any mode, changing the testing speed, go back and forward, observe the work of different instruments and theories on the same period of time on the market as much as you need. That is a brief review about this wonderful program.
respectfully yours,
Vladislav
It’s been a long time, since 2008, as I was on Forex; I started in several times and several times left it for a long while, because the results left much to be desired – profit-loss were spinning around a “zero” mark.
I purchased Forex Tester in autumn 2013. I began to use it and to build my trading strategy. The program allows seeing the results of your ideas very quickly, and the education process goes several times faster, the experience and the sixth sense are accumulated that cannot be received with the help of any book or theoretical studying. My system was finally built at the end of 2013 and since that time I trade profitably and stable.
I consider this program as one of the most beneficial investments into my education.
With your software, there's NO view into the future in Testing Mode, and to be honest, I've learned a lot more about price action JUST WATCHING it run! It's been the best money I've ever spent on software for (forex) trading!
I am able to see yearly, monthly, weekly, daily pivots AS THEY FORM (just remember to add enough data prior to your starting test date for the pivots to calculate) and it's great!!!!
I love the order placement with its ease of use ... I was a bit scared of trying it but if I can figure it out, anyone can!
So, in closing - thanks for a great product!"
I have to give to your team. This software is to me by far the best forex testing software bar none. It allows testing for strategies irregardles of whether you are online or not. You can practice trading almost everywhere. The best thing is, you can test your strategy and get the outcome in much-much less time compared to paper trading in Demo mode. I’ve been almost 2 years trading and most of it paper trade. All those time spent waiting for market to unfold and see the result of my strategy. With FT, I plan my trade, trade my plan and can have the result in less than a minute whatever the time frame I am trading in. This software really cut short the training time.
I thank you for this software. There are some more improvement needed but as it is right now, it is like I said. Excellent. I strongly recommend it to all Forex traders."
Also Forex Tester helped me to dismiss a good deal of hopeless strategies and to improve my working ones.
Thank you for making wonderful help to us traders who need to learn more faster.
I use it like shoes, everday, most of the day. Actually use it to relax sometimes. Finding higher probability setups all the time, helping so much. Thank you again."
Thank you very much for your program, I am glad that I have purchased it!
Thank you.
If you are trading even occasionally, you MUST have this tool!"
With it I have been able to do hours and hours of demo trading. Because I can control the speed of the simulation, I can do more demo trading with it than I can with a real demo account (an account that is constrained to real market speed). And I can practice on weekends when the market is closed.
I've already been able to test more than 5 systems and I've learned all kinds of techniques using it - finding support and resistance, drawing trend lines, practicing Fibo retracements and extensions. It has all the studies I could ask for - moving averages, stochastics, MACD, bands, RSI, etc.
With a few good books, a solid connection to a good training community via a good Forex forum and Forex Tester software, I have everything I need to move toward success in my trading. I'm already seeing improvements in my ability to pick good trades, avoid simple newbie mistakes and I'm seeing my simulated account growing already.
Best money I've spent on my Forex education. I can't recommend this software highly enough. Excellent program!!"
This allows someone, in a painless manner, to train and test out their theories and strategies without being chained all night to the London session or so tired and beat up afterwards that the New York session feels like nine rounds with a boxer breathing in your face!"
I have to give to your team. This software is to me by far the best forex testing software bar none. It allows testing for strategies irregardles of whether you are online or not. You can practice trading almost everywhere. The best thing is, you can test your strategy and get the outcome in much-much less time compared to paper trading in Demo mode. I’ve been almost 2 years trading and most of it paper trade. All those time spent waiting for market to unfold and see the result of my strategy. With FT, I plan my trade, trade my plan and can have the result in less than a minute whatever the time frame I am trading in. This software really cut short the training time.
I thank you for this software. There are some more improvement needed but as it is right now, it is like I said. Excellent. I strongly recommend it to all Forex traders."
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