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Backtest even when the market is closed, without an Internet connection, at home or in the office. Enjoy every minute of backtesting trading strategies!

The best support team available via emails, on-site chat in English, Japanese, Spanish, and Russian. I have been on the trading since 10 years and i find that i learn everyday with the forex tester. We have to change the mind and train the mind to predict what we see and what is the actual live movement. I am glad i use it to learn new pairs that i want to venture in. Only when i am confortable of what i can understand the pair from the forex tester results do i venture in live trade.

I love FT 4. I think it's an absolute gamechanger. I understand people use it to backtest strategies to gauge how profitable they are, and while that's a great use for it, I think people are overlooking its true value. If you are new to trading you are more than likely learning from a mentor a strategy that has already been battle-tested and proven.

So there is no need for backtesting. You can load up any trading day from the past 20 years and trade it like it's live using whatever strategy you are trying to master. And you can trade multiple sessions a day; you can trade ALL day if you like. FT 4 can cut the average learning curve in 4ths, making it possible for relatively new traders to become unconsciously competent at the SKILL of trading in record time.

Absolute gamechanger of a software. Bravo to the creators. I think it's a must-have for any new FX trader. When gathering to test your strategies no other back testing better than FT4. The historical data gives you enough data to test the market. There support are very helpful when you encounter problem navigating the software. I recommend this to anyone who wants to have an edge in Forex market and accelerate their learning fast. The technical support engineer was very knowledgeable about Forex Tester and answered my question in a friendly but professional and clear manner. Many personal favorite can now be converted and this allows to test a strategy before going with the live account and risking hard earned money.

Very great tool for learning to trade prior to trading real money. Helps gaining confidence in the strategy and the money management. Forex Tester 4 has a lot of the look and feel of Forex Tester which is good. The software is very customizable and includes features like Hotkeys for almost any action and quick buy or sell orders all of which allow for quick action for fast testing.

The ability to use fixed fractional position sizing is the most exciting feature. This allows users to take realistic trades and see their account growth in real time. Previously I was using spreadsheets to determine overall performance. I think the ability to leave notes on the chart is another great feature especially for developing traders.

The Importance of Backtesting Trading Strategies

It may take a little time for best practices to be established on how to use them most effectively but I think once that happens it will make Forex Tester 4 a staple in trading education. ForexTester team did again a very good job with the last and improved version of ForexTester4. I noticed the attention to details and the high variety of new features added, there is no doubt now that a trader can grow to becoming a professional trader without FT4 in their arsenal.

All new features are very useful, one more than another, even starting from the new Icon of the software which I find it very thoughtful from FT team because it creates no confusion among users having multiple versions of FT installed. My overall impression is that it is a great improvement for manual traders due to the inclusion of the news feature.

It is certainly improving my results when backtesting my shorter term systems as it allows insights for entries and exits that no other backtesting software provides. Thank you for the opportunity to join the beta-testing team. I am a Forex Tester user since the Forex Tester 2. The new version is very powerful! Excellent job on risk management feature, it really helps a lot! Thank you guys, you are the best! It was great to test the new version of Forex Tester before it was released. Thank you, Forex Tester team. I love the ability to switch to NY Close time zone without any calculations.

That is really helpful. My experience with Forex Tester is very positive, it has been, apart from trading books, my greatest source of trading technique learning.

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The objective that Forex Tester helps me achieve is to test trading systems, I wouldn't trade live without using the system on Forex Tester first. For those traders that are not familiar with Forex Tester, I would say that it is probably the most important tool to improve your trading skills, as you can trade many different pairs with real historical data on the time frames you choose.

Testing right now your new Easy Forex Builder — it looks like a great deal of work, well done.


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I suggest every trader give it a try. My congratulations with the new version! You can miss trades when you go too fast. On this other hand, if this were a more complex strategy, I would predict that I would have to go slower and the efficiency rating would be very similar across the board. Now that I had a chance to try all of the backtesting platforms, here are my final rankings.

Why is backtesting important for any Forex Trader?

If you want to hear the complete analysis of all the lists, watch the video at the top of this page. TradingView is such a pleasure to use. You can also download a lot of different data feeds from within the program, making it much more useful than the other software on the list. It provides 2 data download sources built-in, which is good enough for most people to get started.

You can also upload your own data into MT4, if you want to test with data from other brokers. But Soft4X does automatically track your backtesting trades, which is a huge bonus. It also provides a MT4 report for your trades, which is really nice. However, if there is third party data that you would like to use, then you can upload that into Forex Tester to. It really is the best solution. TradingView gives you instant access to data from multiple Forex brokers, which is awesome. Forex Tester still wins in this category.

You can also have custom indicators programmed for you find a programmer here , and you can even test automated strategies.

The Challengers

Since Soft4X is a plugin to MT4, there are limitations to the software. Forex Tester 4 is still the best Forex backtesting software for manual testing. It has matured into a very viable backtesting option. There are certain individuals out there that believe that Excel is the best solution for manual backtesting. So if you come across anyone that insists that Excel is a good manual backtesting solution, then point them to this post. Backtesting software can also be used for trading practice, much in the same way that a boxer goes to the gym to train.

In the end, Forex Tester is still the best software out there for manual backtesting. I also found another trading strategy that could have an edge. More testing would have to be done on this strategy, but it looks promising. If you want to learn how to do these tests and move from backtesting to forward testing to live trading, take my free Quikstart Course.

Hi, I'm Hugh.

Backtesting: Manual Strategies for Trading | CMC Markets

I'm an independent trader, educator and international speaker. I help traders develop their trading psychology and trading strategies. Learn more about me here. Skip to primary navigation Skip to main content Skip to footer Best Forex Backtesting Software for Manual Testing I did a comprehensive test of the top 7 backtesting software for manual backtesting. Related Episodes. Share This Article.