1. Forex tester-2 – Software for testing your strategy. Forex Tester is an application that carries out trade simulation in Forex trading. It does shows you how to benefit and make profit, refine test and create your techniques for automatic & manual trading. Try out your Forex strategy without the risk of losing cash.
2. Forex Tester 4 has a lot of the look and feel of Forex Tester (which is good). The software is very customizable and includes features like Hotkeys for almost any action and quick buy or sell orders all of which allow for quick action for fast testing. The ability to use fixed fractional position sizing is the most exciting feature.
3. But first, let's take a look at what Forex Tester 2 currently offers, in the way of reporting Built-In Forex Tester 2 Reporting. Here is what Forex Tester 2 currently has in the way of reporting. As you can see, it's pretty basic. If you would like to see the text version, skip past the video.

1. Forex Tester 2 Download Free
2. Forex Tester 2 Free Download

Who we are

Forex Backtesting Software – Forex Tester 2 Review. When I first started in Forex, I was looking around for affordable, easy to use forex backtesting software. This is the one I found and I still continue to use it. Read this article to find out why.

The team of Forex Tester Software, Inc. company is a group of traders, competent programmers and polite support representatives. We decided to share our trading experience and present it in an understandable form for your benefit. Our company has been holding the leading position on the market since 2006 and we know for sure what you need as a trader.Forex Tester is the best market analysis tool for those who appreciate their time and efforts on Forex.

You can find detailed information about our company here.

If you have any questions about how to use the program check How to Use section on our site and also FAQ section.

Importance of market analysis software

Start the line of your profitable trades using the advantages of the Forex Tester software – the most beneficial software for the Forex market analysis.

If you embark on the path of the professional trading, then there is no need to emphasize the necessity of the thorough analysis of the market patterns.

Make the good use of our market analysis software – Forex Tester – and take your trading skills to the next level.

At one moment both beginner traders and experienced ones start to search for the tool to perform the detailed market analysis in order to make their trading style even more efficient, systematic and productive.

My Trading Problem

I was struggling to take trades that I learned from books and courses. The reason I was nervous pulling the trigger was because I was not confident in how the trades worked or if they would work at all.

But what could I do?

For me the answer was simple, I had to practice and backtest these strategies. However, it was difficult to find a forex backtesting software solution that suited my needs.

MetaTrader is OK for testing automated systems, but I wanted to find a system that would simulate actual market conditions by allowing me to add indicators, step through each candle/bar and take trades as the signals came up.

This what I really needed because it is tough to go back through complete charts and try to simulate what I would have done in a particular situation. Sure, I could use a piece of paper to uncover the chart slowly to simulate the market unfolding, but my arm got tired and it was hard to write down the trades and hold the paper at the same time.

All joking aside, I read about all these famous traders doing a lot of backtesting before trading real money or client money. But how could I do it without paying an arm and a leg?

Other Forex Backtesting Software Solutions

Don't get me wrong, when I was looking around, there were a few really good systems out there for doing backtesting. The trouble was that they either only did automated tests, were really expensive, or had a monthly subscription fee.

Forex Tester 2 Download Free

I would have been in the hole a several hundred to a few thousand dollars before I was able to come up with a trading technique that would actually start making money.

My Big Ah-ha!

Then I went to a Rob Booker workshop and he told us that he considered himself a full-time backtester and a part-time currency trader.

Many of his most successful students and himself included, were successful because they did a TON of backtesting. Interesting, I might be in the right place…

And as it turns out, I was. He had found this program called Forex Tester and it is how he and his students tested trading strategies to find trading techniques that worked best for them.

Forex Tester 2 Free Download

I was so excited that as soon as I got home from the class, I downloaded the program.

It definitely lived up to my expectations.

Here are just a few of the benefits of Forex Tester 2:

• The program is very affordable – It is just a one time fee, NO monthly billing. At the time of this writing, it only costs $199. I wouldn't be able to even buy the historical data for other programs or other subscription based forex backtesting software programs would only allow me to backtest for 1-2 months for that amount of money. Update: I've worked out a discount for you to get a $20 off coupon, if you use this link.
• You can add your own custom indicators (you can either find them online, program them in or find a programmer to do it for you)
• You can see multiple time frames individually or you can have multiple time frames up at once.
• You can get free, high quality historical data to test with directly from their website.
• The program allows you to not only have multiple windows open with different time frames in the same currency, but you can have multiple windows with different currencies. This will allow you do test for market correlations or practice hedging techniques.
• You can save your testing projects for review later.
• After you are done testing, you can double click each trade in the history log and the program will automatically move the chart to that trade. You can then scrutinize your trades and find any common elements that can make you more profitable.
• You can try this forex back testing software for free before you buy.
  
• You can write notes on every trade so you can go back later and sort your trades by type.
• You can export your trade log for analysis in Excel or any other program.
• Automatic upgrades when new versions are released.
• The program keeps a running total of several important metrics like: largest winner/loser, winning percentage, max drawdown, etc.
• And much more!

The best part about this software is that now I don't have to take someone's word that a trading technique works, I can test it for myself.

How Do You Actually Backtest?

I got this question quite a bit, so I decided to create a free course on how to do backtesting. Fortunately, Rob's course taught me everything I needed to know about getting started backtesting, but I realized that other people would not have the benefit of that instruction.

Some of you are probably wondering WHY you should backtest. Here is a video showing you why. They are both 1 hour charts on the AUDJPY:

As you can plainly see, backtesting will give you much more practice than sitting in front of the charts for weeks or months.

There is no replacement for actual live trading, but backtesting can give you the confidence to take (and stick with trades) and an idea if the method you are trading has a chance of being profitable or not.

Testing your strategy is not a holy grail that will make you a better trader overnight, but it can help you a lot.