Testing Forex trading strategies
Before using the developed trading system on a real account, you should first test trading strategies.
This can be done in two ways: on a demo account in the trader’s terminal or using special programs that simulate the operation of the market.
The first option is more reliable, the second is more effective, since in real time you will need more than one month to do this.
To identify all existing shortcomings, the strategy tester allows you to solve this problem in just a few days.
Testing of trading strategies using a demo account is carried out in Metatrader 4. If you want to test an automatic advisor, then in this case everything is quite simple, you should launch and configure the strategy tester built into the terminal.
To do this, click on the View tab and in the menu that opens, select “Strategy Tester” and then fill in all the necessary parameters.
This process is quite lengthy and labor-intensive, so it is best to use a program for testing Forex strategies for these purposes.
Forex strategy tester program
The Forex Strategy Builder program is perfect for testing; it has advanced functionality and copes well with any task. In addition, the most popular indicators are already installed in it, which you can also use in your work.
The most important thing is that Forex Strategy Builder has a Russian interface, which makes working with it much easier. In order to Russify the tester, simply after installing the program, click on the View tab and select Language, then set the language to Russian.
The Forex strategy tester works based on real historical data on the functioning of the market, so the entire process is as close as possible to real trading.
Main features of the Forex Strategy Builder program.
1. Working with technical Forex indicators.
2. Comparative analysis of the trading results obtained.
3. Advanced generator for creating new variants of Forex strategies.
4. Built-in optimizer that allows you to change the necessary parameters of software products.
5. Complete statistics of trading performed
6. Transaction profitability calculator.
The program is absolutely free, and for its full operation a computer with average parameters is sufficient.
As a result of using the strategy tester, you will be able to make sure whether your Forex strategy bring you profit or whether you will gradually lose your deposit.
The main thing is that you do not risk real money and it will take very little time to conduct a full test.
The official website of the program for testing Forex strategies is located at forexsb.com, here you can get qualified support, albeit in English.
Similar programs:
- Trade System 2 - http://time-forex.com/programmy/trade-system-2
- Forex Tester 3 - http://time-forex.com/programmy/forex-tester-3
- Trading simulator - http://time-forex.com/programmy/training-1