There is nothing better than going into a foreign exchange trade knowing that you have done whatever you could have done beforehand to keep it profitable. Forex is a highly volatile market which is just what makes it highly profitable market in the first place. Back-testing is an important function for professional traders and Forex tester 2 5. If you are a pro-foreign operator, you obviously want to be a step ahead of the rest. Customized technical tools and individually specific strategies are something which you want to execute onto the market.
Back-Testing in Forex:
To analyze right from the root of things, technical tools and strategies are simply secondary software programs. These programs are based on certain given formulae and algorithm to interpret market data, that too, specific types of it.
For example, SSI index is a very commonly used technical tool which reads the amount and ratio of buying and selling of currency pair. As a professional tool, SSI gives a reliable read-out on how the investors are participating in this market.
For you, a custom functional tool would be to integrate SSI with MACD. Considering that the latter reads and interprets on market data, punching these two technical tools together would give you a complete idea of investor behavior. However, even this would require back-testing with Forex tester 2 5.
Merging both these tools creates multiple variables. Firstly, none of these tools are pair-specific, something that is very crucial in case of custom tools. These tools are, more often than not, meant for specific strategies used on a particular popular currency pair. So, custom technical tools and strategies are something which is vital.
About Forex tester 2 5:
This is the 2nd generation of this series of stand-alone foreign exchange back-testing software. Back-testing, as mentioned before, is a necessary thing to do for professional or would-be professional like you.
Forex tester 2 5 6018 is the upgraded 5th build which comes with added bug fixes. There are more than a few things which need to be taken into consideration when it comes to making sure that a trade is going to be on the instrumental side of things. Among the features of this software which are going to help you out, here are some: -
Easily retrievable past market data for hosting tools.
Separate window for direct integration to custom technical tools.
Direct compatibility with MQL programming language format.
Simple navigation and user interface to get accommodated to.
Robust and accurate processing of data with a minimal glitch.
Pre-loading info functions to negate possible internet lag.
Easy-to-use features and strong back-end support make this arguably the go-to back-testing software for you as for numerous other professionals out there. This is the most popular back-testing software for a reason. Forex tester 2 5 is compatible with any custom tool based on MQL or rather MetaTrader-based software making it universally acceptable in Forex.
Making sure that a strategy or tactic and the custom tool works nicely is important. Forex tester 2 5 helps in doing just that, and it is simple enough for anyone to make the best of. Try it.
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.