Agreed

Great article, thank you!

As for me, backtesting is the simpliest way to check how the strategy would perform in long term perspective while Forex Tester allows you to make it even easier. Most of all I like its interface that is quite user-friendly, so you can do everything you need just after a few hours.
Newer versions (FT3 in particular) are also very comfortable. Actually, they improved almost all important elements

No, you need a different type of file.

Looking forward for your reply

Regards,

Hi Bee,

Thanks. Forex Tester has a feature where you can download broker specific data, I think Alpari is one of the available brokers. Check it out.

You can also go back in your Metatrader charts and press F12 to move forward candle by candle. That would allow you to replay more current data. You would have to paper trade it, but it is an option.

Hugh

Great article. I’ve been using it for 6 months now and I’m totally addicted to it.

But I think my biggest problem is that the price data used is different from what my broker (alpari) offers. So this makes it nearly impossible to replay your recent trades accurately on forextester.

What is the best solution?

Hi Damien,

All the data they have starts in 2001 and goes to the end of the current previous month (ie Feb. 28, 2013, as of today). It is in 1 minute increments, which will roll up to any time frame above that. Check out “Data Sources” on their site for more information.

Cheers,
Hugh

Hi John,

Depends on the system and how many trades. You probably tried this already, but if you didn’t…move the speed slider at the top to the right and that will speed up the bars. I did have issues in the past where the demo version was really slow, but the paid version was fine. Not sure if that is the case, but when I test, the fastest speed is always a little too fast for me.

Hope that helps!

Hugh

Question: How long does it take to backtest a year’s worth of data trading daily bars?

I downloaded a free forex tester but the candle’s move too slow for my liking. Thanks for the feedback.

Hi Gary,

Forex Tester 2 is just one of the software packages that you can use to backtest Forex strategies. My course teaches people how to get started with testing…where to find systems to test, learning what works with their personality, ways to possibly improve a system, stuff like that.

I use Forex Tester 2 as the example because that is what I am personally using, but people can still use the information in the course with Ninja Trader, Tradestation or any other software product.

I’m not sure what kind of software is available in other markets like stocks and commodities. There is backtesting software available in those markets, but I have never used them and from what I have seen, historical data can be a little expensive. Historical data for Forex Tester 2 is free and is updated monthly, but the program itself does cost money.

Hope that answers your question.

Cheers,
Hugh

thanks.