Forex Tester 1 is one of the most popular backtesting software used by traders to test their trading strategies. It allows traders to simulate trading environments and test their strategies using historical data. In order to use Forex Tester 1, you will need to import data from a source that provides historical price data. In this article, we will discuss how to import data to Forex Tester 1.
Step 1: Download historical data
The first step in importing data to Forex Tester 1 is to download historical data from a reliable source. The data should include the following:
– Currency pairs
– Timeframe (e.g., 1 min, 5 min, 1 hour, etc.)
– Historical price data (open, high, low, close)
You can use various sources to download historical data, including your broker, data vendors, or third-party providers.
Step 2: Save the data in a compatible format
Once you have downloaded the historical data, you will need to save it in a compatible format that can be imported into Forex Tester 1. The compatible formats include:
– CSV (Comma Separated Values)
– TXT (Tab Separated Values)
– HST (Forex Tester 1 format)
You can use spreadsheet software such as Excel or Google Sheets to convert the data to a compatible format.
Step 3: Import the data to Forex Tester 1
After you have saved the data in a compatible format, you can now import it to Forex Tester 1. Follow these steps to import the data:
Step 3.1: Open Forex Tester 1
Step 3.2: Click on “Data Center” in the toolbar
Step 3.3: In the “Data Center” window, click on “Import from a file”
Step 3.4: Select the file format you saved the data in (CSV, TXT, or HST)
Step 3.5: Browse to the location where you saved the data file
Step 3.6: Click on “Import”
Step 3.7: In the “Import history” window, select the currency pair you want to import
Step 3.8: Select the timeframe you want to import
Step 3.9: Choose the import method (overwrite or merge)
Step 3.10: Click on “Import”
Step 4: Check the imported data
After importing the data, you need to check if it has been imported correctly. Follow these steps to check the imported data:
Step 4.1: Click on “Data Center” in the toolbar
Step 4.2: In the “Data Center” window, select the currency pair you imported
Step 4.3: Check if the timeframe and historical price data are correct
Step 4.4: Click on “OK” to close the “Data Center” window
Step 5: Start backtesting
Once you have successfully imported the data, you can start backtesting your trading strategies. Follow these steps to start backtesting:
Step 5.1: Click on “New Project” in the toolbar
Step 5.2: In the “New Project” window, select the currency pair and timeframe you want to backtest
Step 5.3: Click on “Create”
Step 5.4: In the “Strategy Tester” window, select the trading strategy you want to test
Step 5.5: Set the testing parameters (e.g., start date, end date, initial deposit, etc.)
Step 5.6: Click on “Start”
Step 5.7: Wait for the backtesting process to complete
Step 5.8: Review the backtesting results
Conclusion
Importing data to Forex Tester 1 is a straightforward process that requires you to download historical data, save it in a compatible format, and import it to Forex Tester 1. Once you have imported the data, you can start backtesting your trading strategies to see how they perform in different market conditions. Forex Tester 1 is an excellent tool for traders who want to test their trading strategies before risking their hard-earned money in the markets.
