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alternatives to soft4x/forex tester on mt4 | backtesting but mt4 is so annoying to chart on
I'm have soft4x to test my swing strategy which relies on ema/trendlines/rsi to make manual trades since I have to chart them pretty often. I could see people using soft4x to chart simple S/R or PA patterns but I cant understand how people backtest on MT4 but for longer term I have find it highly uncomfortable. Just suck it up or alternatives? Soft4x does a great job of stats, something TV can't do but it is definitely simpler. Thoughts?
Can you see all time frames on the basic Forex Tester 3 package?
I'm interested in buying the Forex Tester 3 software, but can't seem to find out if you can use time frames such as 15m and 5m on just the basic package. In other words, if you just have the basic package (not Standard or VIP) can you still view the 15m charts?
Im thinking of buying forex tester 3 within the next few weeks, just wondering how you guys have used it to improve your game? Were there specific areas you focused on? For me, the following are my priorities: 1. Practice better risk management 2. Improve win/lose trade ratio (2:1) 3. Improve win/lose amount ratio (2:1)
Unlike Strategy Tester, Forex Tester is not free, and can be used both for manual and automated trading activities. This automated backtesting software provides traders with pre-formed strategies. It has 10 manual programs and 5 expert advisors, along with 16 years of historical price data, and a risk calculation and money management table. Forex Tester has been great if you used price action or common indicator strategies. But you were SOL if you wanted to use the same indicators that you used in MT4. With FT4, you can now automatically convert MT4 indicators to FT4. There is a small catch however. Simple Forex Tester comes with a full and complete set of educational videos, recorded by the software creator. These videos will guide you through every aspect of Simple Forex Tester, step by step to ensure you can get the absolute most out of your testing efforts. Grab your free license by following these steps:. Download and Install the software.. Start the software – it will show the Products tab (click on the image to enlarge).. Start the software and click “Get FREE licenses” button . Click the Get Free license button opposite the product you want. The program will switch to the License tab (click on the image to enlarge) . Forex Tester is certainly the best program for working out somebody's manual strategy. After a long period of working with Forex Tester I gained the ability to almost forecast the movements on a real chart. Also, Forex Tester helped me to dismiss a good deal of hopeless strategies and to improve my working ones.
Backtesting Softwares: Forex Tester 3 vs Soft4Fx Simulator ...
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