Before I found out about this program I tried to test my systems on the historical data, demo accounts of several brokers, then I’ve managed to download some free strategy testers.
With these testers I had problems like failure of software, partial or full blocking of their performance….. In general I will say honestly that it is not testing, it is the wasting of your time on my opinion.
I’ve been looking closely to Forex Tester software for quite a long period of time but I was confused by the lack of knowledge on how to work with it; besides the demo version is not functional on my opinion.
It took me several days to look through Internet and read testimonials and comments about this particular tester. And finally I’ve made up my mind and believe me I do not regret even a bit; that is what everyone needs! It’s been a year now how I’ve been working with this program and it hasn’t failed even once.
It will be useful for those traders who really approach the deal of creating and testing their trading systems in a serious way. I will mention just two main advantages of this tester, but there are really much more of them:
1. You can test strategies at any comfortable time unlike doing it using demo account, where you often must sit in front of the monitor and observe the price movements of the instruments. Let’s suggest that I have free time in the evening, I sat down and was working, and on demo account different important events might happen at that day and if I wasn’t present at my computer I would miss a lot.
2. You can test at any mode, changing the testing speed, go back and forward, observe the work of different instruments and theories on the same period of time on the market as much as you need.
That is a brief review about this wonderful program.
"I have been using your software for about a week now, and I must say I don't know how I could've lived without it! I've been trading Forex for over four years, and I did try to keep track of trades on PAPER; but there's always that issue of did price 'really' hit my sell limit, and did price 'really' hit my target? At what exact time? You can fudge it too easily. Plus, when looking at past data on your trading platform, you can already 'see' what price has done and it DOES sway you, even if you tell yourself to just take it bar by bar -- there's always the time when you forget and scroll too far ...
With your software, there's NO view into the future in Testing Mode, and to be honest, I've learned a lot more about price action JUST WATCHING it run! It's been the best money I've ever spent on software for (forex) trading!
I am able to see yearly, monthly, weekly, daily pivots AS THEY FORM (just remember to add enough data prior to your starting test date for the pivots to calculate) and it's great!!!!
I love the order placement with its ease of use ... I was a bit scared of trying it but if I can figure it out, anyone can!
So, in closing - thanks for a great product!"
"First and foremost, sorry for writing in like this as I am too busy (testing my strategy) to look for any options in your website to leave comment or testimonials about your software. Hence I look for a shortcut and write you directly.
I have to give to your team. This software is to me by far the best forex testing software bar none. It allows testing for strategies irregardles of whether you are online or not. You can practice trading almost everywhere. The best thing is, you can test your strategy and get the outcome in much-much less time compared to paper trading in Demo mode. I’ve been almost 2 years trading and most of it paper trade. All those time spent waiting for market to unfold and see the result of my strategy. With FT, I plan my trade, trade my plan and can have the result in less than a minute whatever the time frame I am trading in. This software really cut short the training time.
I thank you for this software. There are some more improvement needed (especially if you would consider FT to be able to ‘read’ MQ4 indicator files) but as it is right now, it is like I said. Excellent. I strongly recommend it to all Forex traders."
"I have been using ForexTester for a couple years now, and I can say it has been indispensable in my program automation development. This tool is a must for any serious trader, and has enabled me to perform thousands of simulated tests that would have taken many years to complete in a live market.
If you are trading even occasionally, you MUST have this tool!"
"I'm just getting into Forex trading and have already spent a ton of money on books, a ton of time on forums and a ton of effort doing demo trading. I stumbled across Forex Tester and decided to give it a try. I'm very pleased that I did.
With it I have been able to do hours and hours of demo trading. Because I can control the speed of the simulation, I can do more demo trading with it than I can with a real demo account (an account that is constrained to real market speed). And I can practice on weekends when the market is closed.
I've already been able to test more than 5 systems and I've learned all kinds of techniques using it - finding support and resistance, drawing trend lines, practicing Fibo retracements and extensions. It has all the studies I could ask for - moving averages, stochastics, MACD, bands, RSI, etc. The interface is very similar to MetaTrader 4 which is the software I first began using to demo trade, so it was very easy for me to learn.
With a few good books, a solid connection to a good training community via a good Forex forum and Forex Tester software, I have everything I need to move toward success in my trading. I'm already seeing improvements in my ability to pick good trades, avoid simple newbie mistakes and I'm seeing my simulated account growing already.
Best money I've spent on my Forex education. I can't recommend this software highly enough. Excellent program!!"
"I've been anticipating getting your software to use for strategy testing. It looks like great software."
"Great software! Just what I need. I am assuming that version upgrades are included in the purchase price, correct?"
"GREAT! That will work. I am quite excited about using this. I actively trade forex. This visual analysis concept will really help. In the past I would manually go through charts, candle by candle and import the info into an excel spreadsheet. Your system is much better."
"THIS SOFTWARE ROCKS! It makes it so easy to actually “pretend” to run real trades based on my strategies. When the profit column starts building up, that just reinforces the need to trade my system. I’m still learning how it all works, but even with my limited knowledge I am pumped!"