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How to update forex tester data?

Forex Tester is an essential tool for traders who want to test their trading strategies in a simulated market environment. The software allows traders to backtest their strategies using historical data to obtain a better understanding of how their trading strategies would have performed in the past. However, for the tool to be effective, it must have access to up-to-date and reliable data. In this article, we will explain how to update Forex Tester data.

Step 1: Identify the Forex Tester version installed on your computer

Forex Tester comes in two versions – Forex Tester 2 and Forex Tester 3. The process of updating the data for each version is different. Therefore, it is essential to identify the version of Forex Tester installed on your computer before proceeding.

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Step 2: Download the latest data

The next step is to download the latest data for Forex Tester. The data can be obtained from the Forex Tester website. To download the data, go to the Forex Tester website and navigate to the download section. Select the version of Forex Tester you are using and download the latest data.

Step 3: Install the latest data

After downloading the latest data, the next step is to install it in Forex Tester. The installation process varies depending on the version of Forex Tester you are using.

For Forex Tester 2, follow these steps:

1. Close Forex Tester 2 and all other programs that are running.

2. Locate the downloaded data file and double-click it to extract the contents.

3. Copy the extracted files to the Forex Tester 2 data folder. The default location for the data folder is C:\ForexTester2\Data.

4. Restart Forex Tester 2, and the new data will be available for use.

For Forex Tester 3, follow these steps:

1. Close Forex Tester 3 and all other programs that are running.

2. Locate the downloaded data file and double-click it to extract the contents.

3. Launch Forex Tester 3 and go to the “Data Center” tab.

4. Click on the “Import from a file” button and select the extracted data file.

5. Follow the prompts to complete the installation process.

6. After the installation is complete, restart Forex Tester 3, and the new data will be available for use.

Step 4: Verify the data

After installing the latest data, it is essential to verify that it has been installed correctly. To do this, launch Forex Tester and go to the “Data Center” tab. Check if the new data is displayed in the list of available data. If the new data is not displayed, repeat the installation process.

Conclusion

Updating Forex Tester data is a simple process that can be completed in a few easy steps. By updating the data, traders can ensure that they are using the most accurate and up-to-date data to test their trading strategies. It is essential to update the data regularly to ensure that the results obtained from backtesting are reliable and accurate.

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