Back-testing is how professionals perfect their strategies and custom tools. Foreign exchange trading is profitable, but it needs to done professionally or rather intelligently. Proper attitude is something which is pivotal for the success availed, and the experience acquired. Profits from the foreign exchange are entirely dependent on the forecasts. Back-testing software and apps such as Forex tester 1 0 12 is simply a way for traders to see whether their strategies and custom tools provide accurate data interpretations or not.
Forex tester 1 0 12 – A chip off the old block:
Whenever back-testing comes to mind, experts have always presented the stamp of approval on one name. That name is 1st gen Forex tester. This software is incredibly simple as well as extremely proficient in aiding traders who want to perfect their present strategies through their past. With the tick of time, this software has undergone some trader-convenient upgrades, one such being Forex tester 1 0 builds 9 and the build 12.
This is the first stand-alone software programmed only for back-testing. There are more than a few things which need to be taken into consideration before making a substantial investment in Forex. Every single currency pair comes with their particular price action patterns and every single transaction taking place in a span of a second has its specifics.
Accounting for all of these factors is what professional trading is all about. Getting the best possible forecasts is about cumulating multiple formats and layers of data. This is where custom technical tools come into the picture along with increasingly stand-alone trading strategies.
Professionals found a comprehensive way to test the accuracy of these custom functions with the help of this Forex tester 1 0 12, the first generation and school of particular back-testing software.
“Profits will no longer seem far-fetched”:
In one review, a user opined Forex tester 1 0 12 is the best thing that ever happened in his Forex career. This software, with just a few clicks, allowed accessibility to all former trades conducted. Plus, its lucid UI (User Interface) made back-testing – a piece of cake.
A slew of such comments regarding this software have been seen on numerous occasions, and that alone is enough for a tyro trader to go for it. Below, here are some of its specs:
Simplistic navigation and functions for using the back-testing window.
Multiple years of market data about major currency pairs.
Easily downloadable file setup pre-installed with necessary data.
Additional features such as technical tools and indicators integrated right into the format.
The fact is, Forex tester 1 0 12 is still considered as a go-to back-testing software by various professionals thanks to its now old-school UI. There are newer versions with multiple added options but nothing beats the simplicity of this version/build.
This is the only build of this software now available for download. It is accessible, downloadable and compatible with up to Windows 7 formats although only 32-bit ones. Forex tester 1 0 12 – back-testing and profits made as simple as possible.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.