Forex tester.
Working on Forex has a high risk, due to which there is always the possibility of losing your own money or
the money of investors.
Therefore, before you start using the chosen strategy in practice, it is always a good idea to check its performance. This can be done on a demo account, but with this option there is one big drawback: testing is carried out in real time, it’s one thing if you use short-term transactions, but what to do when opening long-term positions?
For these purposes, a special Forex strategy tester program was invented, which allows you to significantly speed up the process of checking the effectiveness of the selected trading option.
Forex tester is a trading simulator on the foreign exchange market that allows you to check the performance of a trading strategy based on historical data. The main advantage of the program is the ability to reduce the time required to carry out the test.
For example, you have a strategy that works when certain conditions are met and only at night, we select a testing period of one month, set the necessary parameters (conditions for opening stop loss and take profit, etc.) we start the process and after a few minutes we know how much the chosen strategy works effectively, how many successful transactions could be opened thanks to it.
The advantages of the Forex tester include:
• Faster testing - checking the effectiveness over a yearly period is carried out in just a few hours.
• Possibility of changes - if desired, you can test orders at the same time period by changing any of their parameters.
• Test on any time period and any time frame, at the trader’s choice.
• Lack of a permanent Internet connection, that is, the ability to work offline in places where the Internet is not available.
• Testing any Forex strategies without risk.
The program has one more big advantage: in addition to the paid version (and any good program is paid), there is also a demo version, in which you can test on a historical time period of 1 month.
Download Forex tester
.