The good folks at Forex Tester released the newest version 2.5.5 today. Here is a rundown of the improvements:
1. The minimal lot size was reduced to 0.01.
2. Added export of results into Excel from:
- account history
- statistic windows
- strategy optimizer (Menu File)
3. Added 2 new parameters into the Statistic Window – numbers of consecutive profitable and loss trades.
4. Added fixed graphic scale option – when this option is enabled in the chart settings (with upper and lower prices set), the chart will not change its scale.
5. Added new price field in status bar, that will show the price unger the mouse cursor.
Once you get Forex Tester set up, then it is time to test! Check out this video on how to start testing. Stay tuned for the next video on placing orders.
This step can be a little confusing when you first start using Forex Tester. In order to prepare the data for testing, it has to be processed so the program can create accurate graphs. Check out the video here:
Here is a step that can be a little confusing, importing data to Forex Tester. If you have any questions, feel free to leave it in the comments section below:
Here is another quick video on how modes work in Forex Tester. There is basically a History mode and a Testing mode. What is the difference? Check out the video below:
As you probably know, I am a proponent of back testing strategies to see if they work and to get extra practice without losing any money. In the course of working with Forex Tester however, I realized that some of you may have some difficulty with certain steps in the process.
Therefore, I am going to start posting videos on how to use the software along with practical ways to speed up your testing and analyze your results. Some of these videos are from the good folks at Forex Tester and other videos will be my own. If you ever have any questions on how it works, feel free to contact me or leave a comment below.
Of course, past results are no guarantee of future returns but getting comfortable with a strategy and individual currency pairs are very important. I am happy to say that the Forex Tester people are constantly making improvements to the program, so it just keeps getting better and better. Here is the first video on how to install the program. This also applies to the demo version.
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