Forex Tester 5 – Practice Day Trading Using Historical…
One of the most important parts of learning how to trade forex is back testing. With back testing, traders can gain experience over years of historical data and grow their knowledge and skill set. While traders can engage in manual back testing, it’s hard to ensure not to be biased within the markets. This is where back testing tools like Forex Tester 5 come into play.
Introducing Forex Tester 5
Forex Tester 5 is a dedicated forex trading back testing software which allows users to swiftly back test mechanical strategies. With this tool, Forex Tester 5 allows traders to design strategies, import data and test strategies over years of historical data and on more than 800 trading pairs.
Why choose Forex Tester 5?
Forex Tester 5 is one of the top trading simulators in the market for forex traders. Equipped with a huge array of features and historical data, it allows traders to gain experience quickly and test potential strategies. So why should you choose Forex Tester 5 over other back testing and simulator tools?
- Saves time
Traders can save a lot of time by using Forex Tester 5 compared to using a trading platform with a demo account. They can fast forward instantly and get the result in the shortest time possible.
- Automatic calculation
With Forex Tester 5, traders get automatically calculated back testing results which saves time and effort. No longer will they have to resort to manual calculations in Excel sheets.
- Realistic simulation
To mimic the conditions of a real market, Forex Tester 5 provides a realistic simulation where traders cannot see future data when they open or close orders.
- Comprehensive testing
Forex Tester 5 allows traders to simultaneously test on multiple charts and timeframes, using 20 years of real historical data.
- Trading tools
To make the experience more realistic, Forex Tester 5 provides money management features, fundamental analysis and detailed trading statistics to get a better idea of the strategy’s performance. It also provides built-in indicators and expert advisors or automated trading applications.
- Unique tools
Forex Tester 5 provides some additional unique tools that traders will seldom find elsewhere. These include a one-click trading panel and an AI-based strategy optimizer. It also provides a free interactive FX course integrated with the software which helps as an educational resource.
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About Forex Tester 5
Forex Tester 5 is an easy-to-use trading simulator and back testing software. It is one of the most popular trading simulators over the last decade and a half. Its user base of over 50,000 traders from 184 nations.
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