The Forex Tester is a specialized software designed exclusively for accurately simulating Forex trading. It will quickly improve your trading skills, and allow you to test out new strategies and develop confidence.
The Tester includes over 11 years of historical data (from 2001) that you can use to test any strategy. Tick data is also available from 2010. Depending on the time frame selected, you can simulate trading years of data in just a few hours. It is a free standing PC program that comes with its own extensive selection of indicators including Moving Averages, Bollinger Bands, MACDs, Pivot Points, Parabolic-SAR, RSI, Stochastic, Keltner Channels, Heiken Ashi candles, and many more. Choose from 18 different currencies to test, including gold and silver.
Why use a Forex simulator?
Developing skill in trading is a process that involves repetition, practice and reinforcement. This is where a forex trading simulator is essential. Training in this way saves you money in the long run.
Testing your signals or trading strategies in real time is not adequate because it takes so long and your pool of data to sample is so small. There is a limit to how much you can gain from real time practice.
Unlike a live forex demo account which functions in real time, a forex simulator enables you to upload, view and review historical data at any given point in time. Use this to develop your understanding of pattern recognition and trading signals. Data can be rewound and fast forwarded to test and retest your knowledge and skill.
Ideally suited for use with the Forex Smart Tools Calculator and Trade Log too, to position size accurately and analyze your trades in depth. The Forex Smart Tools Calculator uses the historical prices shown with each candle of the Forex Tester as well as your equity; the Forex Smart Tools Trade Log automatically imports your trade history report from the Tester for further study.
Price: $199.00