What Is A Forex Simulator?
The Forex Tester is a free-standing PC application that gives you an exact simulation of your trading setup using actual historical forex price action. It is not a broker and it does not show current prices, but you can press the play button and see candles or bars forming with price changes as though you were watching real-time action on your own broker. Pause the play button and place a trade to see how your strategy works.
Why is using a simulator important? Because it gives you a way to quickly train your eye to recognize your patterns and setups and learn to recognize what is working and what to avoid. You can play back the price action as slowly or quickly as you like, so you can literally condense time. This lets you pack a lot of valuable experience into short training sessions - the kind of hands-on experience that would normally take months or years to build up.
And you'll see your indicators look just like they do as they are forming on the far right edge of the chart, so your decisions will be as valid as they are during live trading. The program looks and works very much like a standard MT4, so the learning curve is simple and it is easy to use.
When you buy the Forex Tester through us, you also receive free access to the complete training course we have created in how to use the Forex Tester and get the most out of this wonderful program. With hours of tutorial movies and in-depth coverage, this is the most complete educational course available for the Forex Tester available anywhere. If you already own the Forex Tester, you can sign up just for the training course.
The Forex Tester comes with free data for 16 currency pairs plus gold and silver dating back to 2001. This data is updated each month and can be customized to match your own broker's setup, with spread, swap charges, time offset and more.
You can even set up your charts to watch multiple different pairs at the same time.
The Forex Tester allows you to have many charts open at the same time and each can be set to its own time frame.
Do you like to watch a daily chart, but make your entry off an hour chart? No problem... or watch a 4 hour chart, a 1 hour chart and a 15 minute chart all at once.
The Forex Smart Tools Calculator and Trade Log have been designed from the ground up to work seamlessly with the Forex Tester.
Sync your Forex Tester to your Smart Tools Calculator and both trade-by-trade equity and historical prices will be automatically imported into the Calculator. Sync your Forex Tester to your Smart Tools Trade Log and easily import your trade statements from the Tester into the Log. Each trade is recorded, allowing you to make notes about the trades, store screen shots of each trade, record what you learned from each, compare one strategy to another, and do all the in-depth analysis that only the Trade Log lets you do.
- Add dozens of indicators and save templates
- Save different strategies and test runs - easily pick up where you left off.
- Go forward tick by tick or candle by candle.
- Go back candle by candle (go ahead - have a "do-over" from time to time).
- Powerful and speedy, not at all sluggish in playback.
- Begin testing from exactly the date you specify.
- Reports number of wins, losses, expectancy, profit factor and so much more.