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trade simulator

  • #1
  • First Post: Dec 2, 2006 7:05pm Dec 2, 2006 7:05pm
Hi Guys,

I just bought a product called Forex Tester (www.forextester.com) and, I must say, I absolutely love it. You can load history data (even MetaTrader history) and it simulates the data flowing in allowing you to place mock trades against the historical data. I'm using it now to manually backtest a couple strategies.

I definitely recommend this product. I think it's one of the coolest tools I've run across so far.

Regards,

stockwet

(And no, I have no affiliation with the company. Just recommending a trading tool for you.)
  • #2
  • Dec 2, 2006 8:24pm Dec 2, 2006 8:24pm
holy sh*t! this is coool!
  • #3
  • Dec 2, 2006 8:34pm Dec 2, 2006 8:34pm
too bad the demo only allows you to test for one month..but still cool
  • #4
  • Dec 2, 2006 8:36pm Dec 2, 2006 8:36pm
Good to see someone take the plunge!

I downloaded the demo some time back, but it only runs the simulator for 10 minutes. If it allowed even twenty I would have a better idea of wether I like it or not. Was considering it anyway.

It allows custom indicators too (and EA's from memory???).

I'm surprised this doesn't have a larger following.

,Bundy
Bundy's status today: "Waiting..."
  • #5
  • Dec 2, 2006 8:42pm Dec 2, 2006 8:42pm
great program thanks alot for sharing



Quoting stockwet
Hi Guys,

I just bought a product called Forex Tester (www.forextester.com) and, I must say, I absolutely love it. You can load history data (even MetaTrader history) and it simulates the data flowing in allowing you to place mock trades against the historical data. I'm using it now to manually backtest a couple strategies.

I definitely recommend this product. I think it's one of the coolest tools I've run across so far.

Regards,

stockwet

(And no, I have no affiliation with the company. Just recommending a trading tool for you.)
  • #6
  • Dec 2, 2006 8:45pm Dec 2, 2006 8:45pm
It won't do custom indicators, correct?
Smile... Darwin loves you.
  • #7
  • Dec 2, 2006 8:50pm Dec 2, 2006 8:50pm
Yes i bought this a few weeks ago, and do recommend it. Its good stuff and cheap.


Mike
  • #8
  • Dec 2, 2006 10:51pm Dec 2, 2006 10:51pm
This looks like a fantastic little piece of sotware. I'm just wondering if anyone knows of similar programs and their average prices?
  • #9
  • Dec 3, 2006 12:01am Dec 3, 2006 12:01am
Quoting Squash
This looks like a fantastic little piece of sotware. I'm just wondering if anyone knows of similar programs and their average prices?
I've looked around before, nothing (that is affordable) can touch it as far as I can tell.

Someone pointed the program out a month or two ago here and only a couple of people seemed interested, or noticed.
Bundy's status today: "Waiting..."
  • #10
  • Dec 3, 2006 1:10am Dec 3, 2006 1:10am
Thanks Bundy.

After downloading the demo I see real potential in this product. I have been manually backtesting my system over the past 3 weeks and I must say it is both time consuming and also a massive brain drain. After playing around with the demo for the past hour I think I could do my backtesting in 20% of the time. It is hard to tell with the limitations of the demo, only 10 mintues per testing session and only 1 months of data to play with.

There was one flaw I noticed and that is there is no way to implement a Trailing Stop. This is a huge problem for me as it is an intergral part of my system. I guess if that was added it would be well worth the money for myself.
  • #11
  • Dec 3, 2006 1:42am Dec 3, 2006 1:42am
Did you buy the Pro version or the Lite version?
  • #12
  • Dec 3, 2006 2:49am Dec 3, 2006 2:49am
Quoting Squash
There was one flaw I noticed and that is there is no way to implement a Trailing Stop. This is a huge problem for me as it is an intergral part of my system. I guess if that was added it would be well worth the money for myself.
I just read through the forum at the forextester site (didn't take long!), sounds like trailing stops may be included in the next build(??). Sounds vague though.

The program's very new. So it can only get more powerful as it matures.

The admin on the forum mentions that new updates will be provided to customers for free... ....UNTIL version 2 comes out mid next year that is.

Hopefully it's only a small update fee and not seen as an excuse to charge an arm and a leg for the more developed program.
Bundy's status today: "Waiting..."
  • #13
  • Dec 3, 2006 3:09am Dec 3, 2006 3:09am
I just read through the Forum also. You can tell it is indeed a new program.

I think I will send a few questions to the developers:

When will you be addin Trailing Stop functionality?

How often will new builds be released?

How much do you propose the Version 2 upgrade to cost?

I am not a fan of paying a large amount of money for a new version, considering most companies take advantage of users this way by only adding a new look interface while not adding any new substantial features.

Anyway if there a number of people interested in this program maybe we can organise some type of discount from the developer. Its worth a try anyway.
  • #14
  • Dec 3, 2006 3:24am Dec 3, 2006 3:24am
Quoting stockwet
Hi Guys,

I just bought a product called Forex Tester (www.forextester.com) and, I must say, I absolutely love it. You can load history data (even MetaTrader history) and it simulates the data flowing in allowing you to place mock trades against the historical data. I'm using it now to manually backtest a couple strategies.

I definitely recommend this product. I think it's one of the coolest tools I've run across so far.

Regards,

stockwet

(And no, I have no affiliation with the company. Just recommending a trading tool for you.)
thank you
i'll give it a try
  • #15
  • Dec 3, 2006 5:28am Dec 3, 2006 5:28am
  •  Rumi
  • | Joined Mar 2006 | Status: Student of forex trading | 44 Posts
Check out www.forexinterbank.com under their simulator. Not sure how it compares to the the forex tester. I am really interested in getting this new product though. I really enjoyed the one by forexinterbank and although it really still needs a lot of improvements, the amount of concentrated downtim eI received from trading with it has improved my trading abilities and results considerably.
  • #16
  • Dec 3, 2006 7:50am Dec 3, 2006 7:50am
It is indeed a great tool but with some things to be added, like the above said trailing stops functionality and a M30 timeframe.
  • #17
  • Dec 3, 2006 9:44am Dec 3, 2006 9:44am
I did test both out. I'm actually quite a tight-wad, as my wife and kids know. So, before I plunk money down on anything, I do exhaustive searches and evaluation. I looked at this one and didn't like it primarily because it did not support pending orders. It also does not allow importing of your own data feeds, if I remember correctly.

Quoting Rumi
Check out www.forexinterbank.com under their simulator. Not sure how it compares to the the forex tester. I am really interested in getting this new product though. I really enjoyed the one by forexinterbank and although it really still needs a lot of improvements, the amount of concentrated downtim eI received from trading with it has improved my trading abilities and results considerably.
  • #18
  • Dec 3, 2006 9:47am Dec 3, 2006 9:47am
They have their own API for indicators and experts. Some things are a little similar to MetaTrader, some aren't.

Here's what I've been doing with it. I use Alpari data and built my simulation around it. I load the same data into metatrader, open an offline chart and add my indicators. As I move forward in the simulator, I also move forward in MetaTrader. It's a little rough, but, I only need it for a pivot indicator and don't want to take the time to learn their API. A MetaTrader indicator conversion would be an awesome feature to add.

Quoting gpw797
It won't do custom indicators, correct?
  • #19
  • Dec 3, 2006 10:23am Dec 3, 2006 10:23am
Hello everybody. I am the developer of this software and would like to answer your questions:

1. Program supports custom indicators and EA. There is an API similar to MT4 language. You can even test a set of EA together.

2. Trailing stop will be implemented soon, many users ask for this.

3. I issue updates in 1 - 1.5 months. Last build was issued some days ago with some good improvements.

4. New vesion 2.0 will be not very soon, upgrade will cost 20% of new version, till this event all updates are for free.

5. Also I am thinking to make visual EA builder, that people can create their own strategies without programming but it will take a while.
Forex Tester Software
  • #20
  • Dec 3, 2006 1:49pm Dec 3, 2006 1:49pm
Terranin,

Thanks for dropping in and clearing things up for us.
I look forward to following your program. That upgrade cost for V2 will be very fair. Thanks.

,Bundy
Bundy's status today: "Waiting..."
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