Forex Trading Platforms

⚙ Forex Tester 3 Review

🛈 What is the Forex Tester?

Forex Tester is a software simulator designed to evaluate the profitability of Forex trading strategies. It displays the historical performance of any strategy, allowing for improvements and redesigns before committing real funds.

• Built-in backtesting platform with 16 years of price data

• Suitable for testing both manual and automated strategies (EAs)

• Free 15-day trial available

• 30-day money-back guarantee; priced at $299

► Forex Tester 3.0 Website

🔰 Introduction to Forex Tester Software

Forex Tester can evaluate the performance of a trading strategy faster and more accurately than a demo trading account. To achieve this, it uses its own built-in platform, which closely resembles MetaTrader 4 in many aspects.

• The company behind the software is Forex Tester Software, Inc., based in Toronto, Canada.

🖥️ The Forex Tester Platform

The Forex Tester platform features a user-friendly interface similar to MetaTrader 4. You can customize various components of the platform, including charts, indicators, and graphical tools.

Forex Tester uses 16 years of highly accurate historical price data. You can test a single strategy or a combination of strategies, with the ability to pause, fast-forward, or rewind the data at any time.

Forex Tester Platform Features

• Choose between Line, Candle, and Bar Charts
• Back-testing strategies tick by tick (16 years of price data)
• Place any conditional trading order, including stops, trailing stops, etc.
• Ten (10) easy built-in manual techniques
• Shows a profit chart
• Can create and retrieve chart templates
• Trading sessions can be fully saved and retrieved
• Providing a full record of trades (trade journal) that can be transferred in Microsoft Excel
• Choose between different trading conditions (as offered by your own Forex broker)
• Access to education material
• Built-in Forum
• Simulate and test simultaneously various forex Expert Advisors

Forex Tester Customer Service

The Forex Tester offers Live Chat and email support.

• Live Chat and eMail Support
• Forex Tester forum (answers from experts)

🪙 Forex Tester Asset Index

The application offers 16 currency pairs and 2 precious metals, covering all major Forex pairs, several cross pairs, as well as Gold and Silver.

■ EURUSD | USDJPY | GBPUSD | USDCHF | USDCAD | AUDUSD | NZDUSD

■ EURGBP | EURJPY | EURCHF | EURCAD | AUDJPY | CHFJPY | GBPJPY | NZDJPY | GBPCHF

■ XAGUSD | XAUUSD

► EA BUILDERS FOR MT4 AND MT5

📈 Performing Technical Analysis

Forex Tester offers almost the same technical analysis capabilities as any modern trading platform. Trades can insert 50 different indicators, Elliott Waves, plus the full series of Fibonacci tools.

Built-in Oscillators and Indicators

• Moving Averages
• MACD and MACD new
• Stochastic
• Relative Strength Index (RSI)
• Parabolic-SAR
• Average True Range (ATR)
• Commodity Channel Index (CCI)
• Ichimoku
• HeikenAshi chart
• Keltner Channels
• Pivot Points
• Bollinger Bands
• Volume, and many others

► Download the Forex Tester 3.0 Software

⚖️ Forex Tester Review Pros & Cons

These are some key pros and cons of the Forex Tester review:

(√) Forex Tester Advantages Compared to a Demo Account

• Test any trading strategy (manual or automated)

• Excellent tool for manual backtesting

• Avoids broker manipulation in data feeds

• Access to 16 years of historical data with tick-level accuracy

• Pause, save, and retrieve testing projects

(x) Forex Tester Disadvantages Compared to a Demo Account

• Forex Tester requires payment, while demo accounts are free

• Traders need time to fully explore and understand the software’s features

📝 Forex Tester Review Conclusions

Forex Tester is an ideal tool for backtesting manual strategies. It provides an excellent interface with hundreds of built-in tools and multiple advantages. However, one drawback is that the software can be slow when testing in tick mode.

Is Forex Tester a scam? No, definitely not.

Key highlights of the Forex Tester review:

• User-friendly interface (similar to MT4)

• Manual and automated trading strategy testing (EAs)

• 10 built-in manual strategies

• 16 currency pairs and 2 metals across multiple timeframes

• 16 years of price data, with tick-by-tick testing

• 50 built-in indicators, plus Fibonacci tools and Elliott Wave features

• Pause, forward, and rewind testing (save and retrieve any project)

• Risk calculation and money management tools

• Customer support via email, live chat, and forum

• Priced at $299 with a 30-day money-back guarantee; a 15-day free trial is also available

► Forex Tester 3.0 Free Trial

■ Forex Tester Review

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