Forex Tester is a software program used by traders to simulate and test their trading strategies in a virtual environment. It is a powerful tool that allows traders to test their strategies and make necessary adjustments before implementing them in real trading. One important feature of Forex Tester is the ability to reset data. This feature is particularly useful when a trader wants to start testing a new strategy from scratch or when there is a need to erase all previous data. In this article, we will explain how to reset data for Forex Tester.
Step 1: Close Forex Tester
The first step in resetting data for Forex Tester is to close the program. This is important because the program should not be running while the data is being reset. To close Forex Tester, simply click on the “X” button in the top right-hand corner of the program window.
Step 2: Locate the data folder
The next step is to locate the data folder for Forex Tester. This folder contains all the data that the program uses, including historical data, indicators, and settings. The location of the data folder depends on the operating system being used. For Windows users, the default location of the data folder is C:\Program Files\Forex Tester 4\Data. For Mac users, the default location is /Users/username/Library/Application Support/Forex Tester 4/Data.
Step 3: Delete the data folder
Once the data folder has been located, the next step is to delete it. To do this, simply select the data folder and press the “Delete” key on your keyboard. Alternatively, you can right-click on the data folder and select “Delete” from the context menu.
Step 4: Restart Forex Tester
After the data folder has been deleted, the next step is to restart Forex Tester. When the program is restarted, it will create a new data folder with default settings. This means that all previous data, including historical data and indicators, will be erased.
Step 5: Import new data
Once Forex Tester has been restarted, the next step is to import new data. This is necessary because the program cannot function without data. To import data, simply click on the “Data Center” tab in the program window and select the currency pair or instrument you want to test. Then, click on the “Import” button and select the data file you want to use. The data file should be in CSV format and contain the necessary historical data for the currency pair or instrument.
Step 6: Configure settings
After the new data has been imported, the final step is to configure the program settings to match your trading strategy. This includes setting up indicators, timeframes, and other parameters. You can also backtest your strategy using the new data to see how it performs under different market conditions.
Conclusion
Resetting data for Forex Tester is an important step when testing new trading strategies or when there is a need to erase all previous data. By following the steps outlined in this article, traders can easily reset data for Forex Tester and start testing their strategies from scratch. It is important to note that resetting data will erase all previous data, so it is recommended to back up any important data before proceeding.
