Forex tester.

Trading on Forex is a high-risk activity, meaning there's always the possibility of losing your own money or that of your investors. Therefore, before using a chosen strategy in practice, it's always a good idea to test its effectiveness.

This can be done on a demo account, but this option has one major drawback: testing is conducted in real time. Short-term trades are one thing, but what about opening long-term positions?

A special program called the Forex Strategy Tester was developed for this purpose, significantly speeding up the process of testing the effectiveness of your chosen trading strategy.

Forex Tester is a currency trading simulator that allows you to test your trading strategy using historical data. Its main advantage is the ability to reduce testing time.

For example, if you have a strategy that works only at night and under certain conditions, select a one-month testing period, set the desired parameters (stop-loss and take-profit conditions, etc.), launch the process, and within minutes, you'll know how effectively your chosen strategy is performing and how many successful trades it would have resulted in.

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 over the same period of time, changing any of their parameters.

• Test on any time interval and any time frame, at the trader's choice.

• No 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 another big advantage: in addition to the paid version (and any good program is paid), there is also a demo version, in it you can test on a historical time period of 1 month.

Download Forex tester

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