Graphic tools: take your Forex learning to the next level easy [Video]

Forex Tester has a large variety of charting tools such as:

  • Pointers (arrow pointer, crosshair pointer)
  • Lines (Vertical line, Horizontal line, Trend line, Ray, Poly line)
  • Shapes (Rectangle, Ellipse, Triangle)
  • Signs (Thumb up, Thumb down, Arrow up, Arrow down, Stop sign, Check sign, Right price label, Left price label, Price label)
  • Fibonacci tools (Fibonacci retracement, Fibonacci time zones, Fibonacci fan, Fibonacci arc, Fibonacci extension)
  • Channels (Fibo channel, Linear regression channel)
  • Andrews' Pitchfork
  • Text label
  • Wave symbols

You can find all of them in the "Insert" menu:

Add graphic tools to the chart to add some clarity

Also, you can find all these graphic instruments on the toolbar:

Reach all the  graphic tolls at one toolbar

You can see an icon on the toolbar:

- this icon enables a "crosshair" mode. The crosshair lines are movable lines that can be used to specify and measure positions on the chart.

If you hold down the left mouse button in the crosshair cursor mode and drag it to one of the sides, you can get the following information:

  1. the number of bars between the start and end point of the crosshair;
  2. price change in pips and percentage;
  3. the interval between the start and end points of the cross in days/ hours/ minutes.

Set a magnet mode for more effective backtesting - this icon sets a magnet mode. If this mode is activated, then the mouse pointer will stick to the Open/High/Low/Close values of the nearest bar on the chart. You can set a magnet sensitivity in the chart options (click the right mouse button on the chart and select the “Chart Settings” option).

- this button enables synchronizing crosshair on all charts. If this mode is activated, the crosshair mouse pointer represented on all the charts with all time frame differences kept. To enable/disable Global Cross Hair Cursor, click the button on the toolbar. Then use Crosshair cursor as always.

Drawing of the lines is pretty easy: select the tool and then click once with the left mouse to set the first point (in the case of the Vertical and Horizontal lines it will be only 1 point) drag your mouse and click to set the second point. If you decide to cancel drawing - just click the right mouse button - it will cancel the operation. Some tools like Poly line or Andrews' Pitchfork require more than 2 points to place.

Drawing lines is easily in Forex Tester

Each tool has its own properties. To edit them, right click on the tool and select Edit tool. You can also duplicate this tool or delete it with the help of this menu.

Adjust the properties of the graphic tools according to your trading needs

To select the tool, please double-click on it with the left mouse button. You will see white points which you can move to change the shape and position of the tool. If you press the Delete button on the keyboard, then all selected tools in this chart window will be deleted. To deselect the tool, double-click on it with the left mouse button again.

There are some hotkeys that will help you to manage graphic tools:

Ctrl + G - to select all the tools on the chart.

Ctrl + D - to deselect all the tools on the chart.

Ctrl + Del - to delete last added tool.

Ctrl + A - to delete all the tools on the chart (selected or not).

Delete - to delete only selected tools on the chart.

Note that all the hotkeys can be changed via the Tools → Options menu.

You can see these shortcuts through the Edit menu. Also in this menu, you can open the List of objects where you will see all tools that are currently added to a selected chart and change or delete any of these tools.

Manage graphical tools in Forex Tester easily

The Objects list dialog has the following view:

Now you can check all the tools added at the chart easily

To synchronize graphical tools on all charts and timeframes of one currency pair, use the button on the Paint toolbar.

When this mode is active all new graphical objects created on the one of the charts will appear on all of the charts with the same currency pair.

For example, you can add a trend line to one chart and then it will appear on all of your charts.

Similarly, graphical tools created on different charts (with the same currency pair) are connected. If you delete one, other tools related to it will be also removed from the rest of the charts.