{"id":266,"date":"2008-05-19T13:39:03","date_gmt":"2008-05-19T21:39:03","guid":{"rendered":"http:\/\/www.tradingheroes.com\/?p=266"},"modified":"2025-07-30T00:31:48","modified_gmt":"2025-07-30T07:31:48","slug":"forex-backtesting-software","status":"publish","type":"post","link":"https:\/\/www.tradingheroes.com\/forex-backtesting-software\/","title":{"rendered":"Forex Backtesting Software – Forex Tester 2 Review"},"content":{"rendered":"

\"Test<\/p>\n

My Trading\u00a0Problem<\/h2>\n

I was struggling to take trades that I learned from books and courses. The reason I was nervous pulling the trigger was because I was not confident in how the trades worked or if they would work at all.<\/p>\n

But what could I do?<\/p>\n

For me the answer was simple, I had to practice and backtest these strategies<\/a>. However, it was difficult to find a forex backtesting software solution that suited my needs.<\/p>\n

MetaTrader is OK for testing automated systems, but I wanted to find a system that would simulate actual market conditions by allowing me to add indicators, step through each candle\/bar and take trades as the signals came up.<\/p>\n

This what I really needed because it is tough to go back through complete charts and try to simulate what I would have done in a particular situation. Sure, I could use a piece of paper to uncover the chart slowly to simulate the market unfolding, but my arm got tired and it was hard to write down the trades and hold the paper at the same time.<\/p>\n

All joking aside, I read about all these famous traders doing a lot of backtesting<\/a> before trading real money or client money. But how could I do it without paying an arm and a leg?<\/p>\n

Other Forex Backtesting Software Solutions<\/h2>\n

Don't get me wrong, when I was looking around, there were a few really good systems out there for doing backtesting. The trouble was that they either only did automated tests, were really expensive, or had a monthly subscription fee.<\/p>\n

I would have been in the hole a several hundred to a few thousand dollars before I was able to come up with a trading technique that would actually start making money.<\/p>\n

My Big Ah-ha!<\/h2>\n

Then I went to a Rob Booker workshop and he told us that he considered himself a full-time backtester and a part-time currency trader.<\/p>\n

Many of his most successful students and himself included, were successful because they did a TON of backtesting. Interesting, I might be in the right place…<\/p>\n

And as it turns out, I was. He had found this program called Forex Tester<\/a> and it is how he and his students tested trading strategies to find trading techniques that worked best for them.<\/p>\n

I was so excited that as soon as I got home from the class, I downloaded the program.<\/p>\n

It definitely lived up to my expectations.<\/p>\n

Here are just a few of the benefits of Forex Tester 2:<\/h2>\n