Thread: Review: Forex Tester 2

Yes I did, thanks!

Originally Posted by doczero

First of all I want to outline why I chose this software - I am a Forex retail trader and I use Oanda as the standard brokerage. The Oanda platform (while good) does not allow you to go back through much history (especially zoomed into small time frames) so it is not good for visual back testing. Additionally it does not have any build in system building functions / mechanical testing / back testing.

This is what caused me to find Forex Tester 2 (Forex Tester - professional forex training software, simulator and backtester). I wanted a way to track every idea I wanted to test.

Forex Tester runs on ascii data/ CVS or TXT - and I used the data files on the forex tester website to start with the program. It was easy to load and you can look at many timeframe on 1 screen, or have many pairs on the same screen.

As far as it goes - Forex tester comes loaded with a large range of indicators & drawing tools. The charting package is what you will have come to expect from newer trading software.

The software lets you setup an account with X amount of $$'s also you can setup position sizing / take profit and stop loss points. From that point forwards you can decide if you wish to mechanical trade or discretionary trade.

I am not the best at coding so i discretionary trade ideas. However if you wanted to - you can code up a autopilot system , then run it as through its a standard back tester. This is known as the strategies section of the program.

This program is great because of the real simulator (using historic data). I like to practice when the market is closed and this software accommodates that. You can speed up time also so in an hour or two you can get an idea if your system is worth pursuing. It puts up the equity curve and also tracks all statistics you would use to analyze a system
Attachment 1917 Attachment 1918

RATING: 4/5

Pros: historic back testing / good package / easy to use.
Cons: Can not link to brokerage to work as trading platform.

I recommend this tool to anyone who does not have a simulator / backtest software and would like to practice when the market is closed.

If anyone wants to know anything about this - feel free to drop a question in the thread.

Very useful to me like others - apparent now because I am trying to run simulations on a simple system on FXCM strategy tester and running into the lack of some of the features you mention. It would be so much easier to develop a system with a good tester and when done, one can verify if it performs the same or well enough to be useable on ones broker's platform...

I tried to scan through some of your other posts but could not pin one down - but Doczero, can you point me to some base systems that could be tweaked to be a useable system with a reasonable amount of effort and ingenuity. (I have tried a number of systems that I have tweaked and tweaked without ever becoming useable to any degree ;-) TIA