Our Review of Forex Tester 3

Product Name Forex Tester 3
Product Creator Forex Tester Software, Inc.
Type of Product Software / Currency Trading
Cost of Product The cost of the program is $299 one-time cost. Any Available Free Bonuses & Gifts Will Be Listed On Their WEBSITE
Product Description Forex Tester 3 is a software program that can simulate the trading of a strategy over an appropriate period of time and analyze the results for the levels of profitability and risk. Backtesting is a necessary process to ensure its viability before the trader risks any actual capital.

You can test at any mode, changing the testing speed, go back and forward, observe the work of different instruments and theories on the same period of time on the market as much as you need.

A significant amount of the volume traded in today’s financial market is done by traders that use some sort of computer automation. This is especially true for trading strategies based on technical analysis. Backtesting is an integral part of developing an automated trading system.

It is also vital to be aware of the various time frame charts and signals which such Forex back testing factual information utilize. If you are familiar with that, you will find it much easier to comprehend what was the tendency of the Forex market during the covered days.

In order to find out about the time frame charts and signals you should contact your Forex brokers who should be able to provide the information. Another dependable source would be the expert Forex traders.

A minute analysis of the past years would be of tremendous help when it comes to a correct prediction of the modifications which could take place in your present trades. A good example in this respect would be the historical data chart of the Forex market in 2015 which represents a valuable source for US day traders.

Do not forget to utilize those charts for the back testing so that your present winning trades should maintain a steady flow. In the same way, the losing trades can be eliminated quickly enough to reduce important losses by utilizing the same data. It is important for you to have just a few losing trades and as many winning ones as possible. Therefore, the most effective way is to maintain a steady flow of the winning trades and instantly eliminate the losing ones.

Trading Forex means that you are still likely to make profit at the end of the day as long as you manage to eliminate losing trades, even if they represent the majority of that particular day, and maintain the winning ones flowing.

Forex Tester 3 Professional Backtesting Software

$299
9.3

Effectiveness

9.3/10

Ease of use

8.5/10

Value for the money

9.4/10

Online Support

9.8/10

Pros

  • Positive Consumer Feedback
  • Many Advance Testing Modes
  • Not Overly Complicated
  • Ability To Create Custom Time Frames
  • 60-Day Money Back Guarantee

Cons

  • The free demo version only allows testing for up to 1 month of historical data
  • Not compatible with Mac systems