Discuss ForexTester.com

[ForexTesterSoftware]

Does Forex Tester provide trend indicators?

Forex Tester has many built-in trend indicators such as: Moving Averages, Bollinger Bands, Envelopes, Ichimoku and Parabolic SAR.

 

[ForexTesterSoftware]

Can I add indicators for a volume analysis?

Our program contains several indicators for volume analysis.
There are On Balance volume, Money Flow Index (MFI) and Tick volume indicators for a more comprehensive backtesting.

 

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Is it possible to use Bill William's indicators for backtesting?

Accelerator, Alligator, Awesome indicators and Fractals are available for the users of Forex Tester.

 

[ForexTesterSoftware]

What oscillators can I use to backtest the strategy?

Forex Tester includes a lot of indicators that will allow you to use almost any possible strategy.
There are Average True Range, Bulls Power, Bears Power, Commodity Channel Index, Elder's Force Index, MACD, Momentum, Relative Strength Index, Stochastic Oscillator, Williams' Percent Range and many others.

 

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Does Forex Tester have Range bars charts?

Yes, we do. Some strategies require this instrument.
The users of Forex Tester can backtest such strategies as well.

 

[ForexTesterSoftware]

How can I add a custom indicator from MT4?

The indicators that are already in Forex Tester should be enough for almost any basic strategy.
In case if you want to add the indicators from MT4 that are not in the list of our indicators then you need to rewrite it from .mql to .dll format.

 

[ForexTesterSoftware]

Does Forex Tester has any built-in EAs?

Yes, Forex Tester has one built in strategy that will give you uderstanding of how the Expert Advisors work.
It is based on crossing of Moving averages, the most popular indicators for trading. In case you want to add your custom EA you need to have it in .dll format.

 

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What is Fast Test in Forex Tester?


Fast Test is the feature that gives you an opportunity to get fast backtesting results.
In case if you have many different strategies and you need to get a basic knowledge of their profit rate then it is better to use the Fast Test.
When you find the strategy that works then it is time to switch to a normal test and look at the strategy in more details.

 

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What is Forex Tester's strategy optimizer?


Strategy optimizer is the feature that allows to quickly test the strategy, change the parameters and then start another test.
This will help to understand in the fastest way which parameters are the most profitable particularly for this strategy.
For example, you test Forex Tester's default strategy that is based on the crossing of 2 Moving Averages.
You set the period of the first MA at 15 and the period of the second one at 100. Then you choose the currency, timeframe, lotsize and data range.
At last you can start the test and export the results of it to Excel or csv file. After that you change the periods of indicators, for example to 30 and 100 and begin one more test.
Now you can compare the results and find out which parameters are better. You can do that as much as you want and get the best possible solution.
When you done with changing periods of indicators you can switch into another timeframe or currency pair and begin one more group of testing.
Strategy optimizer can be found in "Tools → Strategy Optimizer" menu.
You can also find a detailed instructions here: http://forextester.com/forum/viewtopic.php?t=917

 

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What is Statement Processor?


Statement Processor is the feature that allows to upload the trading history of your trades from MT4 or Forex Tester and analyze them.
You will get an opportunity to look at your trading from the side as if you analyze someone else's strategies.
The huge benefit of such an approach is in absense of emotions.
When you trade on a real market most of the time you act emotionally and that is why make a lot of mistakes.
With Forex Tester's Statement Processor you can be impassive and find out the loopholes of your trading style easily.