Forex Tester is one of the most popular backtesting software for traders who want to test their trading strategies using historical data. It allows traders to simulate trading scenarios and analyze the results before implementing the strategies in real market conditions. One of the most important tasks for any trader using Forex Tester is to clear orders from the trading platform. In this article, we will explain how to clear orders in Forex Tester.
Clearing Orders in Forex Tester
Clearing orders in Forex Tester is a simple process that involves a few steps. Follow the steps below to clear orders in Forex Tester:
Step 1: Open the Testing Window
The first step to clearing orders in Forex Tester is to open the testing window. This can be done by clicking on the “Testing” button located on the top menu bar. Once you click on the “Testing” button, the “Testing Window” will be displayed.
Step 2: Open the “Orders” Tab
Once the “Testing Window” is displayed, you will see several tabs at the bottom of the window. Click on the “Orders” tab to open the “Orders” section.
Step 3: Select the Order to Clear
In the “Orders” section, you will see a list of all the orders that have been placed. To clear an order, select it from the list by clicking on it.
Step 4: Click on the “Close” Button
After selecting the order you want to clear, click on the “Close” button located at the bottom of the “Orders” section. This will cancel the order and remove it from the list.
Step 5: Confirm the Order is Cleared
Once you have clicked on the “Close” button, a confirmation message will be displayed to confirm that the order has been cleared. Make sure to check the list of orders to ensure that the order you wanted to clear has been removed.
Why Clearing Orders is Important
Clearing orders is an important task for any trader using Forex Tester. Here are a few reasons why clearing orders is important:
1. Accurate Testing: Clearing orders ensures that the testing results are accurate. If an order is left open, it can affect the testing results and lead to inaccurate analysis.
2. Risk Management: Clearing orders is an important risk management technique. If orders are left open, they can lead to unexpected losses and increased risk.
3. Trading Discipline: Clearing orders is a good trading discipline practice. It helps traders to stay focused on their trading strategies and avoid making impulsive decisions.
Conclusion
Clearing orders is a simple but important task for any trader using Forex Tester. It helps to ensure accurate testing, risk management, and trading discipline. By following the steps outlined in this article, traders can easily clear orders in Forex Tester and improve their trading strategies.
