Forex trading is a complex system that requires a lot of practice and testing to master. Simple Forex Tester is a tool that helps traders to test their trading strategies and improve their skills. It allows traders to simulate their trading strategies using historical price data and analyze the results. In this article, we will explain how to get Simple Forex Tester to work.
Step 1: Download and Install Simple Forex Tester
The first step is to download and install Simple Forex Tester. You can download it from the official website or from a trusted third-party website. Once you have downloaded the setup file, run it and follow the on-screen instructions to install it on your computer.
Step 2: Launch Simple Forex Tester
After installing Simple Forex Tester, launch it by clicking on the icon on your desktop. Once it opens, you will see a simple interface with a chart and some buttons. The chart displays the historical price data that you will use to test your trading strategies.
Step 3: Load Historical Data
To start testing your trading strategy, you need to load historical data into Simple Forex Tester. You can do this by clicking on the “Load Historical Data” button on the interface. This will open a dialog box where you can select the currency pair and the time frame that you want to use for testing.
Step 4: Add Indicators and Trading Strategy
Once you have loaded the historical data, you can add indicators and your trading strategy to the chart. Simple Forex Tester supports all the popular indicators and trading strategies. You can add them by clicking on the “Indicators” button and selecting the ones you want to use.
Step 5: Start Testing
After adding the indicators and trading strategy, you can start testing your strategy by clicking on the “Start Testing” button. This will simulate the trading strategy using the historical data and display the results on the chart. You can analyze the results and make adjustments to your strategy as needed.
Step 6: Save Results
Once you have tested your trading strategy, you can save the results by clicking on the “Save Results” button. This will save the results in a file that you can analyze later.
Conclusion
Simple Forex Tester is a powerful tool that can help traders to test their trading strategies and improve their skills. By following the steps outlined in this article, you can get Simple Forex Tester to work and start testing your trading strategies. With practice and patience, you can become a successful forex trader.
