Forex trading is an exciting and potentially lucrative venture, but it can also be challenging and risky. That’s why many traders use simulation tools like Simple Forex Tester to practice and refine their strategies before risking real money in the markets. In this article, we’ll explore how to install Simple Forex Tester and start using it to improve your trading skills.
Step 1: Download the software
The first step in installing Simple Forex Tester is to download the software from the official website. You can find the download link on the homepage, or you can go directly to the download page by clicking here.
Once you click the download link, you’ll be taken to a page where you can choose the version of the software you want to download. There are two versions available: a free trial version and a paid full version. The trial version is limited in functionality and only allows you to test your strategies on historical data from one currency pair. The full version, on the other hand, gives you access to all the features and allows you to test your strategies on multiple currency pairs.
Step 2: Install the software
After you’ve downloaded the software, the next step is to install it on your computer. The installation process is straightforward and should only take a few minutes.
To install Simple Forex Tester, follow these steps:
1. Double-click the downloaded file to start the installation process.
2. Follow the on-screen instructions to complete the installation. You’ll be asked to choose the installation location and agree to the software license agreement.
3. Once the installation is complete, launch Simple Forex Tester by double-clicking the desktop shortcut or by navigating to the installation folder and clicking the executable file.
Step 3: Activate the software
If you’ve downloaded the trial version of Simple Forex Tester, you’ll need to activate it before you can start using it. To activate the software, follow these steps:
1. Launch Simple Forex Tester.
2. Click the “Activate” button on the main menu.
3. Enter your activation code, which was sent to you via email when you purchased the full version of the software.
4. Click the “Activate” button to complete the activation process.
Step 4: Import historical data
Now that you’ve installed and activated Simple Forex Tester, it’s time to import historical data so you can start testing your strategies.
To import historical data, follow these steps:
1. Click the “Data Center” button on the main menu.
2. Click the “Import” button at the bottom of the window.
3. Choose the currency pair you want to import data for.
4. Select the file containing the historical data. Simple Forex Tester supports data in CSV format.
5. Click the “Import” button to import the data.
Step 5: Start testing your strategies
With your historical data imported, you’re now ready to start testing your strategies in Simple Forex Tester. To start testing, follow these steps:
1. Click the “New Project” button on the main menu.
2. Choose the currency pair you want to test your strategy on.
3. Set the start and end dates for the testing period.
4. Choose the time frame you want to test your strategy on.
5. Load your strategy into Simple Forex Tester.
6. Click the “Start” button to begin the testing process.
During the testing process, you can view your results in real-time and make adjustments to your strategy as needed. Once the testing is complete, you can review your results and make further refinements to your strategy before risking real money in the markets.
Conclusion
Simple Forex Tester is a powerful tool that can help you improve your trading skills and increase your chances of success in the markets. By following the steps outlined in this article, you can easily install and start using Simple Forex Tester to test and refine your strategies. With practice and persistence, you can become a more effective and profitable trader.
