Comments on: Forex Back Testing Software

By: Hugh

Hugh — Sat, 14 Jan 2012 02:47:35 +0000

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

By: gary

gary — Fri, 13 Jan 2012 05:10:12 +0000

Hugh, what is the difference between your forex back testing course and forex tester 2 and say using it on stocks or commodities?

thanks.

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By: Hugh

Hugh — Tue, 26 Oct 2010 23:02:02 +0000

If you are backtesting, I would say Forex Tester 2. If you are live trading, then Metatrader.

By: bolang

bolang — Mon, 25 Oct 2010 11:30:28 +0000

what is the best software or tools to analyze forex trading chart? thanks

By: Hugh

Hugh — Tue, 10 Aug 2010 23:54:04 +0000

Hi Des,

You were wondering how to do backtesting with Forex Tester 2 and I hope the information I provided you helped. If not, I have recently created a free course that goes into all of the different things you need to know when backtesting. You can sign up for it here:

http://www.tradingheroes.com/backtesting-course/backtesting-course-main.html

There are videos on how to set it up and do the testing.

Hope that helps!

Hugh

By: Hugh

Hugh — Wed, 09 Jun 2010 01:39:47 +0000

Hi Christian,

Thanks for the kind words. Yes, this should be very good for what you want to test. It will allow you to manually take trades and set your entries and exits.

If you have any doubts, I would try the free demo download that they have. It will allow you to run through one month’s worth of data and test the software.

Let me know if you have any other questions and I will be happy to address them.

Thanks,
Hugh

By: Christian

Christian — Mon, 07 Jun 2010 03:35:11 +0000

Hi,

I wonder if this program works for my purpose. I have setups which I enter manually and set a stop loss manually. What I like to do is testing different exit strategies based on these entries. So would the programm allow me to test for example the two fold of my chosen SL? Or a ATR as SL and a crossing in moving averages as exit?

Nice blog btw and good luck for your trading.

Regards
Christian