One of the most popular trading platforms among retail traders is the MetaTrader 4 platform. It basically offers all the necessary features you might need in your daily trading, including advanced charting tools, a range of market orders, flexibility, a user-friendly interface, and a large and supportive online community.
In addition, the MetaTrader 4 platform also allows for simulated Forex trading, either manually or automated through its built-in Strategy Tester. How to use the MetaTrader 4 platform to simulate a real trading environment using historic price data will be explained in the following lines. MetaTrader 4 is full of features that support and enhance your trading.
One of those features also allows you to manually backtest your strategy and simulate a real-time market environment using historic price data. Simply open your MetaTrader 4 and choose your preferred currency pair and timeframe. After that, scroll your chart to some point in the past, and hit the F12 button on your keyboard to scroll the chart bar by bar to the right.
You can also hit the right arrow on your keyboard if you want to increase the speed of your simulated trading. This will scroll three bars at a time. This feature of MetaTrader 4 can help you a lot to familiarise yourself with the platform, your trading strategy, and the various charting tools that MetaTrader features by default. Not all timeframes and currency pairs behave the same under the same market conditions. Longer timeframes usually return better results with technical trading methods, and different currency pairs can respect different tools or make specific chart patterns over and over again.
Make sure to simulate your trading using different timeframes and currency pairs. Stop Loss orders are a crucial tool of any risk management strategy and should be used even on demo accounts. The reason for this is that you need to get used to using Stop Loss orders on all trades you make, and beginning early on your demo account is a great way not to forget them on your real account. Stop Loss orders prevent large losses and preserve your trading account by automatically closing an open trade once the price reaches the pre-specified price level.
MetaTrader 4 also lets you simulate the results of trading robots called Expert Advisors. Expert Advisors are computer programs that automatically open, manage, and close your trades based on predetermined technical rules. The report will provide all important information you need to know about the simulated trading performance, including the gross profit or loss. This is shown in the following picture.
Another effective way to simulate Forex trading and get the most out of it, is to paper trade your strategy. As its name suggests, paper trading involves opening and closing trades on a sheet of paper, using historic price data from the chart. Paper trading is still a great way to practice your trading, even in the era of computers. To get a more precise picture of your trading performance, make sure to calculate the spreads and fees into your entry and exit points.
Make sure to make regular retrospectives of all paper trades so you can identify any trading mistakes you made along the way and try to avoid them in the future. You can also choose to use an online Forex simulator only for the charts, and take the trades on a simple sheet of paper. Simulated Forex trading is an effective way to practice and increase your trading performance in a risk-free environment. It helps you gain experience, practice trading, and familiarise yourself with the trading platform.
One of the best free Forex simulators is the MetaTrader 4 trading platform, which offers a number of tools to simulate your trading in a few simple steps. This helps you to get used to Stop Losses once you switch to a real trading account. Besides free Forex simulators, you can also paper trade your strategy using a simple piece of paper. A new exciting website with services that better suit your location has recently launched!
Benefits of simulated Forex trading Simulated Forex trading offers the exact same trading environment; only risk-free. These are the main benefits you get with simulated Forex trading: A risk-free environment: A Forex simulator allows you to place trades on a demo account without the risk of losing real money. This helps to focus solely on your trading performance, since emotions are minimised with virtual money.
Live simulated quotes: All price quotes on an online Forex trading simulator move the same as in real trading. Adjustable timing: While in real trading you need to wait for that daily candlestick to close, you can adjust the speed of the Forex market simulator to get more candles, more trades, and more practice during a short period of time. You can see that one day's worth of data appears in only one minute on a good Forex simulator! Never refuse to invest in your knowledge and skills!
Forex tick data shows the real non-simplified market conditions. If the price changed 45 times during the current candlestick then you need to see all those changes. Example: imagine that you are using a short-term strategy or a scalping strategy. You use a free Forex data feed that provides you with just 4 prices on each 1-min candlestick. For long-term strategies this option is sufficient, but what if your trade lasts for less than one minute? Most of the scalpers close their orders in seconds and each tick is incredibly important for the final result.
With Forex tick data you will also get that specific feeling as if you are trading online. This is a crucial factor in your psychological growth as a trader. Solution: buy historical tick data and trade like on a real market. Not only do the price and volumes change on the Forex market, but the spread tends to be different depending on the varying circumstances on the market.
Before and especially during big news the spread can become altered significantly. You might learn the simplified version of Forex, then go to a real market and find out that your version has nothing to deal with reality. Solution: purchase high-qualitative historical financial data and get used to the real conditions from the start.
Traders are interested in using the historical financial data of the latest events. You have 2 options: feel bad about it, or download this Forex data feed tomorrow and test how would your strategy perform in those circumstances. We honestly declare that our free service data from Forexite is of a medium quality. It is a fair limitation for our clients — it distinguishes serious traders from amateurs because serious traders will get the high-quality data.
Some people often complain that they have to purchase the data additionally to Forex Tester. But when you buy a car you do not expect to get a free lifetime gasoline supply. You might get just a bit of gasoline to start with, but afterwards you have to buy more. We provide free lifetime gasoline data for your strategies.
If you want to get the best data then you can purchase it from our site. Solution: getting the paid data provides you with the most comprehending and qualitative tool. Full grid. This algorithm is the simplest and lacks AI methods. Every test run, called iteration, it goes through every single combination of a given set of parameters based on historical data.
The more combinations, the more iterations, the more time it takes to get results. Neural Network is an AI based algorithm. This precision achieved by using a very small dataset, so you can get the result times faster in comparison with a full grid Brute Force test. Algorithm based on AI. Takes advantage of the most powerful and advanced ML-technique, which allows to perform parallel tree boosting to filter out inappropriate options as early as possible.
Risk-free purchase. Return your money within 30 days if you are unsatisfied with the deal. These 10 strategies are the easiest way to launch your experience. The best support team available via emails, on-site chat in English, Japanese, Spanish, and Russian. Discount on Forex Tester and Historical data up to. The offer will be ended in:. My overall impression is that it is a great improvement for manual traders due to the inclusion of the news feature.
It is certainly improving my results when backtesting my shorter term systems as it allows insights for entries and exits that no other backtesting software provides. I have been on the trading since 10 years and i find that i learn everyday with the forex tester. We have to change the mind and train the mind to predict what we see and what is the actual live movement. I am glad i use it to learn new pairs that i want to venture in. Only when i am confortable of what i can understand the pair from the forex tester results do i venture in live trade.
It is the absolut basic training for developing a trading strategy. Thank you for the opportunity to join the beta-testing team. I am a Forex Tester user since the Forex Tester 2. The new version is very powerful! Excellent job on risk management feature, it really helps a lot! Thank you guys, you are the best! The best way to accelerate learning how to trade profitably, without losing money during the learning process.
ForexTester team did again a very good job with the last and improved version of ForexTester4. I noticed the attention to details and the high variety of new features added, there is no doubt now that a trader can grow to becoming a professional trader without FT4 in their arsenal. All new features are very useful, one more than another, even starting from the new Icon of the software which I find it very thoughtful from FT team because it creates no confusion among users having multiple versions of FT installed.
I would describe this: we all test demo accounts, but they are often made available for a month and we do not have the comfort of constantly and freely shaping our strategies, while Forex Tester allows us to create an environment that reflects the market and test our strategies and ideas freely, it is a perfect parallel supplement to the real account. My congratulations with the new version! I was all fine with the Forex Tester 2, but after all features announcement, I definitely need an upgrade to Forex Tester 4!
Good job! The Converter tool is my personal top. News at charts are very helpful too, try to use them, guys! I deeply appreciate the risks calculation feature built-in to the orders. Thanks again! We appreciate your interest in our interactive educational course.
Look out for our email. We offer an unconditional day money back guarantee. If you need a refund, please visit this link , fill the Feedback Form and press the "Send request" button, after that our system will process your request and your money will be returned in a few business days. Over 5 terabytes of data for more than symbols are available in a paid subscription. ES JP.
What is historical data? Symbols and currency pairs Data sources Buy data subscription. Download Free Desktop Application Test your trading strategies at sonic speed on 20 years of real historical data. Every pilot trader needs a Simulator. Practice forex trading with Forex Tester like pilots train before taking off. Speed of testing Control the speed of testing, from the slowest one to instant rewind to the required time or date.
Timeframes Easily switch between time frames without even stopping the action. Charts Test on multiple charts simultaneously! Previous tool Next tool. Try for free. Discount up to. Buy Forex Tester 5 Learn about the new version. How does Forex Tester work? Go to any point in high-quality Forex history. Analyze market conditions. Find a trading setup and open a trade.
Wind and fast-forward instantly. Analyze detailed statistics of your entire strategy. The Russian invasion of Ukraine More than 3 Ukrainian civilians were killed over 93 days as a result of missile attacks, air bombings, and shellings of peaceful cities by the Russian army. Benefits of our FX simulator Control the testing speed Test your trading ideas super-fast or slow.
Control the testing speed Test your trading ideas super-fast or slow. Watch video. Open an order and fast-forward to the next day instantly Skip what you want to skip. Free interactive Forex courses Already built-into the program.
Multiple charts simultaneously Different currencies and and timeframes on multiple monitors. Turn-key solution Trading simulator, historical data, educational platform, trader trainer. Backtest anywhere anytime No internet connection needed — that's the freedom.
What you get with Forex Tester Forex Tester includes everything for your backtesting. No need to search for any other third-party software elsewhere. Filter: All New! Interactive Forex courses Forex education New! Read more. Learn the Forex market basics with our built-in free forex training interactive course for beginners! Covers all the basic topics you need to understand the market. From Forex pairs, pips, and spread to placing orders on different types of charts using stop loss and take profit, our Forex tutorials for beginners will provide you with the knowledge on how to get started in Forex.
Includes both Forex education and training. Each lesson consists of a theoretical part focusing on one key topic and a practical part carefully crafted using real historical market data, meaning that you get the ability to imply newly acquired knowledge into practice right away. No screenshots, pre-recorded videos, or other fluff.
The simulation is considered the best Forex training format that allows you to fully immerse yourself in the trading environment but still stay safe from any money risks! Based exclusively on Forex Tester software. Our Forex training course for beginners is totally free and has already been built into the Forex Tester software. All tutorials are available in a free trial!
Download it by clicking the button below and start your Forex trading education journey! Try for free Buy Forex Tester. Risk management Risk identification Testing Calculate a secure lot size in a moment for market and pending orders! On the General tab, you can find the following settings: Opacity — allows setting transparency of the window. Show orders table — enables the list of orders. Symbol — symbol name. Close-to-life trading environment Testing Set up commissions, spreads, and swaps for each symbol.
Common tab The Common tab allows you to change the following settings: 1 Symbol name 2 Symbol type Currency pair, stock, index, or futures. It defines two options: A minimal distance from the current market price where you can place pending orders. Drawing tool will show you the following information about the further trade: 1 The Take profit level. Statistics Testing Get detailed trading statistics during and after backtesting trading strategies.
Fundamental analysis added News Learn how to get the most out of the Forex news release and when to avoid entering the market. Buy Forex Tester. Comparison of. Benefits Free trial version Full paid version Built-in educational courses. No more than 1 hour of uninterrupted testing. Test your strategies, save projects, resume testing anytime you need. No more than 1 month of historical data. Risk management - calculate a secure lot size in a moment for market and pending orders! Easy Forex Builder - allows you to create strategies in a couple of clicks, without having programming skills.
Forex Tester works based on real Historical data Practice day trading using free pre-installed Basic Data or simulate actual market behavior,. The choice is yours. Practice day trading using free pre-installed Basic Data or simulate actual market behavior, get topnotch data, and receive more precise backtesting results with the Super Data subscription to get the fullest paper trading simulator. Free Basic Data. This data is pretty enough for most traders to see if a strategy is profitable or not.
Super Data Subscription. The best choice for traders who consider even the tiniest price fluctuations. This data is the most precise, with daily updates and 5-digits data. Currencies, cryptocurrencies, stocks, indexes, commodities, futures, metals, etc.
Include trading with precious metals. There is gold and silver 20 metals. No floating spread or tick data. Unlike fixed spread, floating spread is a changing value between bid and ask price. News - Only USD-related high priority. News - for 9 currencies high, medium, and low priorities. The data is always up-to-date. Real Forex data which was relevant for the past 20 years.
Available symbols. Basic Data. Super Data. Stocks US. Stocks EU. Stocks UK. Stocks Canada. Stocks India. Tick data Forex tick data shows the real non-simplified market conditions. Floating spread Not only do the price and volumes change on the Forex market, but the spread tends to be different depending on the varying circumstances on the market.
Daily update Traders are interested in using the historical financial data of the latest events. Solution: Do not wait for months — buy it now. High-quality data We honestly declare that our free service data from Forexite is of a medium quality.
Guarantees and Bonuses when buying Forex Tester. Refund terms. Quick Start booster! We are with you every step of the way. Free online software demonstration before the purchase. The best support team available via emails, on-site chat in English, Japanese, Spanish, and Russian Contact us.
Real-time personal assistance via TeamViewer Request. Forex Tester 5 and Basic Data. Basic Data for Free! Forex Tester 5 and monthly Super Data Subscription. Forex Tester 5 and annual Super Data Subscription. Forex Tester 5 and Lifetime package Super Data. More than. Customer opinions and stories about Forex Tester. Your opinion is important to us! Take a survey. Share your experience of using Forex Tester Write a story.
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This is a simulation of foreign currencies trading game, the data is synchronized in real-time from Bank's Website and API provider and The game currently. The FX Blue Trading Simulator converts the MetaTrader 5 Strategy Tester Visualization into a tool for practising manual trading using historic data. This is a simulation of foreign currencies trading game, the data is synchronized in real-time from Bank's Website and API provider and The.