Forex Tester is a popular trading simulator that allows traders to back-test trading strategies using historical data. One of the key features of Forex Tester is the ability to pull up different statistics to measure the performance of a trading strategy. In this article, we will discuss how to pull up stats in Forex Tester.
Step 1: Open Forex Tester
The first step is to open Forex Tester. Once you open the software, you will be presented with the main menu. From here, you can select the “Data Center” option to access the historical data.
Step 2: Select Historical Data
Once you are in the data center, select the currency pair and the time frame that you would like to use for your back-test. Forex Tester provides historical data for various currency pairs and time frames, ranging from one minute to one month.
Step 3: Load Data
After selecting the currency pair and time frame, click on the “Load” button to load the historical data. The data will be loaded into the software, and you can start back-testing your trading strategy.
Step 4: Start a Test
To start a test, go back to the main menu and select the “New Project” option. You will be prompted to select the currency pair and time frame again, as well as the initial deposit and the leverage that you would like to use for the test.
Step 5: Run the Test
Once you have set up the test parameters, click on the “Start” button to run the test. Forex Tester will simulate the trading activity based on the historical data that you have loaded, and you can see the performance of your trading strategy in real-time.
Step 6: Pull Up Stats
To pull up stats for your back-test, click on the “Report” button in the main menu. This will give you access to various reports and statistics that you can use to evaluate the performance of your trading strategy.
There are several types of reports that you can generate in Forex Tester. Some of the most popular reports include:
– Balance Chart: this report shows the balance of your trading account over time. You can use this report to see how your trading strategy performs in different market conditions.
– Equity Chart: this report shows the equity of your trading account over time. Equity is the balance of your account plus or minus the profit or loss from open trades. You can use this report to see how much profit or loss your trading strategy generates over time.
– Drawdown Chart: this report shows the maximum drawdown of your trading account over time. Drawdown is the percentage of your account balance that you have lost from the peak balance. You can use this report to see how much risk your trading strategy involves and how much you are willing to lose.
– Trading Statistics: this report shows various statistics related to your trading activity, including the number of trades, the win rate, the average profit and loss, and the risk-to-reward ratio. You can use this report to evaluate the performance of your trading strategy and identify areas for improvement.
Conclusion
Pulling up stats in Forex Tester is an essential step in evaluating the performance of your trading strategy. By generating different reports and statistics, you can identify areas for improvement and make adjustments to your strategy to optimize your results. With the right tools and knowledge, Forex Tester can be a powerful tool for back-testing and refining your trading strategy.
