Forex Tester Review – Is Forex Tester Legit?

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Forex Tester DEMO

Forex Tester REVIEW

Summary

Forex Tester is a new breakthrough Forex strategies backtesting platform

Read 100% Free Forex Tester Review by Scamorno Team

Details

System Forex Tester
Website URL www.ForexTester.com
Trial Start Trial
Overall Score 9.3/10

FULL REVIEW OF Forex Tester

Would you like to learn more about Forex Tester software and whether or not this is really a legitimate Forex testing platform that can improve your trading results? If you are looking for a realistic forex trading simulator, then Forex Tester 4 is certainly a strong contender.

Let us help you with our complete and balanced review of Forex Tester 4. We havetaken it for a test-drive to understand its functions and checked out on its suitability for different trading styles.

Now, before you read on, let us first talk about what you should look for in a trading simulator. This will give you a good sense of our review scope.

There are 2 main aims of using a trading simulator.

  • To verify a trading edge with historical data
  • To learn how to trade without risking money

Only a high caliber testing simulator can meet these aims well. Minimally, it certainly must be realistic and offers high-quality trade records. It also has to be easy to use so that you are not wasting time on a learning curve. On top of that, your simulator must offer the trading tools that you require to put your trading strategy in place.

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What Can Forex Tester Help You With?

Forex Tester has a wide range of settings to ensure realistic backtesting and replay. Most simulators allow its users to set their account balance and reset it when necessary. Forex Tester goes one step further. It allows users to record deposits and withdrawals from the account as well.

You can define spreads, leverage and  lot size for each pair. You can also customize them exactly to your broker’s specifications. With Forex Tester, you can choose to set floating spreads that vary with market conditions. However, to use floating spreads, you will have to upgrade your data package to include tick data.

Will You Make Money With Forex Tester?

Forex Tester has over 60 built-in indicators, and they are working to add new ones constantly. On top of the standard trading indicators, you’ll also find the more exotic ones like Solar Wind and Polarized Fractal Efficiency.

And for those of you who are using custom indicators in MT4, you’ll be glad to hear this. Forex Tester now comes with a convenient MT4 to FT4 indicator converter. However, you will need the MQL file to use it. Also, this feature is still being heavily developed so it might have problems converting very complicated indicators. Be sure to double-check your converted indicators before using them,.

They were adequate for my trading style. I was able to draw trend lines and channels quickly. The Poly Line tool was perfect for marking price swings. Forex Tester also has tools for trading with Andrew’s Pitchfork and Elliot Wave. You can assign hotkeys to each drawing tool for more efficient analysis. This is a function I make use of a lot.

Non-time-based charts like Range and Renko charts are also available. For many forex traders, fundamental news plays a critical part in their trading plan. Forex Tester includes historical news records that you can overlay your charts with. This ability enables you to learn how news impacts prices. To sum up, Forex Tester has trading tools comparable to most forex trading/charting platforms.

Review Verdict: Forex Tester is a legitimate platform that works

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Consumer Fraud Alert Regarding Forex Tester

The success of Forex Tester has given rise to many frauds who try to sell their own fake service in its name. This is a big issue as many customers have lost their money in buying from such fake sites. It is advised that customers should be really careful when they are purchasing and should do some research before they buy from any website. To spot these, watch out and avoid sites that claim to write about Forex Tester, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid buying from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only buy from the site from the official website here – http://ForexTester.com/Official (link opens in a new window). The official website that they have includes the legitimate website.

Conclusion about Forex Tester

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Forex Tester provides the best value for swing traders who look at daily and above time frames. The free basic data plan should typically suffice and you will just need to make a one-time payment for this great tool. If you too are looking for a high-quality Forex testing software in order to improve your trading results fast, we highly recommend you to learn more about Forex Tester at the button link below!

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Forex Tester Preview: (to pause video, simply tap/click on it)

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