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MetaTrader 4 (MT4), one of the most popular trading platforms. In this article, we'll delve deep into the world of MT4 Strategy Tester, exploring its features, benefits, and how it can help traders make informed decisions.
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The great part about MetaTrader 4 is that you can create automated trading strategies called Expert Advisors (EAs) and backtest them in the built-in Strategy Tester. If a strategy works well after thorough testing, the next step is to start testing it in a demo account to see if it works in real-time market conditions.
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Forex Tester has been great if you used price action or common indicator strategies. But you were SOL if you wanted to use the same indicators that you used in MT4. With FT4, you can now automatically convert MT4 indicators to FT4. There is a small catch however. You need to have the source code of the indicator to do this.
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Forex Tester is the software that simulates currency trading in the Forex market and provides all the necessary tools for a thorough analysis of market patterns and rules. Learn to trade profitably. Сreate, test and refine your strategy/plan for manual trading. Develop an automatic trading system. Download My Free Trial No Credit Card Required
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Using the MT4 Strategy Tester. We use the MetaTrader 4 (MT4) platform for a number of reasons. First, and foremost - it's what most brokers use. Second, it's very user-friendly. Third, it has the largest public (free and pay) library of indicators available AND permits you to effectively back test. If that doesn't convince you to use it.
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SphereTester is the most complete forex tester and simulator utilising the power of MetaTrader 4. Grapical User Interface, order management, economic calendar, multi timeframe backtesting and other enhanced features ensure a like for like trading experience.
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What is MetaTrader 4 (MT4)? Most of you will already have the MT4 platform installed on your computer or mobile device and use it for your forex trading. It is perhaps the most popular forex trading platform that is used by millions of forex traders all over the globe.
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Step 6: Add Custom MT4 Indicator to Forex Tester. After restarting Forex Tester, the custom MT4 indicator should be available in the list of indicators. To add the indicator to your chart, simply click on "Indicators" in the top menu and select "Custom.". This will open a list of all the custom indicators that you have added to Forex.
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Forex Tester is the exact opposite. In fact, Forex Tester is one of the very few, very valuable, important, and useful products that can make all the difference between being able to trade profitable and blowing a Forex trading account. Forex tester is an intuitive, easy-to-use piece of software that allows traders to simulate Forex trading.
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Backtesting software is a type of program that allows forex traders to test potential trading strategies using historical data.
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A great feature in Forex Tester 5 is the ability to install custom indicators. This allows you to use the trade journaling and analysis tools in Forex Tester, while using the same indicators that you would use in live trading with MetaTrader. It really speeds up the backtesting process.
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Forex Tester 4: Level up your trading skills. Although our users praised Forex Tester 4 with many pleasant words, after months of hard work behind-the-scenes, we are proud to announce the release of Forex Tester 5! Forex Tester 5 includes all the best of the previous versions with dozens of mind-blowing new features!
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1- Using F12 To Backtest On Metatrader 2- Using MT4 Strategy Tester for Manual Backtest 3- Backtesting on TradingView How to Register and Open A New Chart On TradingView Backtesting on Trading View Free and Paid Plans 4- FXBlue Trading Simulator V3 5- Using Soft4fx Forex Simulator for Backtesting Soft4fx Features Download for Free Version or Buy
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MetaTrader 4 Strategy Tester is designed for testing and optimizing trading robots before using them in real trading. The built-in Optimization function allows to select the most efficient parameters for obtaining the best trading results.