In this post I will be reviewing the Simple Forex Tester which is an excellent trading tool that allows you to rewind history in the MetaTrader 4 trading platform and historically trade your manual trading system. It is a great way to practice using a system and is very easy to use. Training videos are included but in a nutshell you simply fire up the Simple Forex Tester then rewind, play and pause history whilst placing trades where you wish. You can place our indicators on the chart so it is a great way to test how a trading system idea you have would have worked historically.
Simple Forex Tester Features
The main feature of the Simple Forex Tester is the fact that you can manually trade over 10+ years of historical data on multiple currency pairs and timeframes. Choose your pair and timeframe then hit start and begin trading your chosen system including indicators if you wish, simply add them to the chart! The Simple Forex Tester will record all trade data and allow you to enter trades, place stop losses and take profits, exit trades and much more. It is a great way to see how a system would have performed. Of course, trader’s emotions may well be different when trading the system live so please take that into consideration. It is also a great tool for improving your trading skills, after all, practice makes perfect!
Simple Forex Tester Summary
Overall, the Simple Forex Tester is a superb tool for what it does. It is one of the most user friendly and simple to use manual forex trading strategy testers. If you have been using a manual trading system recently and “paper trading” it then this tool will make the process much more enjoyable. Speed up and slow down charts as you wish, now only if it would allow us to fast forward into the future!