Forex Tester 3. A quick start on the path to developing a trader

One of the most important myths, which marketers of brokerage companies , is the assertion that it is very easy to become a trader, and to achieve success it is enough to undergo minimal training.

However, after a person comes to the market, even after being pumped up with theoretical knowledge, enlightenment occurs that not everything is so simple, and in most cases, after a large sum of money has been lost.

Yes, in order to become a successful trader you need to gain experience in real trading, because in any profession it is practical experience that is important.

Of course, you can try to trade independently for many years and acquire skills, as was the case decades ago in the era of computer technology.

However, you can greatly speed up the process of development, and the special Forex Tester 3 program will help you with this.

Forex Tester 3 is the latest version of the famous Forex program, which allows a trader to quickly test strategies , indicators or ideas on history in a mode close to real-time trading .

Thanks to this program, you have the opportunity to significantly speed up the testing process thanks to its functionality; moreover, you can rewind and rewind the quote history of the selected asset, which will allow you to work out various market situations.

It is worth noting that the new version of Forex Tester 3 places the main emphasis on performance and functionality, which means that you will not observe any chart slowdowns.

And thanks to a huge number of built-in indicators and additional technical analysis tools, you can test almost any manual tour strategy.

Installing the program on your computer.

Forex Tester 3, unlike many other trading simulators and manual history testers that we reviewed earlier, is a completely independent program, and not an additional extension to MT4.

Therefore, in order to install Forex Tester, you only need to run the program installation file, agree to the license agreement and indicate the installation location on your computer.

I would like to note that Forex Tester 3, like the two previous versions of this program in general, is a commercial product, and the cost of this tester on the official website is $135 in the basic configuration with a full set of functions.

Whether this is a lot or a little, everyone decides for themselves, but in order to fully evaluate the functionality of the program, you can always download and install the demo version of the program, which is exactly what we did. The appearance of Forex Tester 3 after the first launch looks like this:

 Testing with Forex Tester 3

After launching Forex Tester 3 for the first time, many traders may have the feeling that you have already seen this program somewhere.

This is, of course, due to the fact that the program resembles a mini copy of the MT4 and MT5 trading terminal, which means that you have access to the widest functionality for technical analysis.

In order to start testing, you will need to select the current time frame, as well as the chart update frequency, which will naturally speed up the test process if you do not need to track all price ticks.

After selecting a currency pair on the left side of the program, simply click on the “Start testing” icon, using the slider you can increase the speed, and by pressing the space button you can rewind the quotes by one candle.

As soon as testing begins, you will see how quotes begin to move, and candles will also begin to form, as happens in real-time trading.

You can perform almost any manipulation on the chart, namely make markings and use graphical analysis tools (trend lines, Fibonacci levels, Gann, pitchforks, levels, wave markings), as well as technical indicators .

It's worth noting that the indicators are written in the platform language, which means you cannot test your custom indicators with MT4.

However, the program has about a hundred indicators built in, including both standard and the most common custom ones. In order to add an indicator to the chart, call the additional menu on the chart and move the mouse cursor over the “Add indicator” option, then select any one from the list.

During the test, you can open positions with both market orders and pending ones .

For convenience, the new version of the tester has the ability to drag stop order and profit levels directly on the chart using the mouse, as was implemented in MT4 after its global update. Data on open and closed positions is recorded in the bottom line, and you can also observe the change in balance in a separate chart.

In conclusion, it is worth noting that Forex Tester 3 will allow you not only to test your strategies, but also to quickly acquire practical trading skills.

Another advantage of Forex Tester 3 compared to other testers is the possibility of a multi-currency test, namely, up to five quote charts can move simultaneously.

This will allow you to test more complex strategies based on hedging and pairs trading.

Download Forex Tester 3