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ON THIS PAGE: SYSTEM BACKTESTER || AUTO SIGNALS DESIGNER
 

FOREX BACKTESTING
& TRADING SYSTEM
BACKTESTERS

Every forex trader thinks he can improve his system. That’s human nature -you make a million, then you worry about the other million you could have made if you just had a better system.

So instead of heading for the beach or the shops, you spend time and money trying to work out how you could have done better.

Until now, this has been a MAJOR difference between the big players and the little players – the big players have powerful forex development tools at their disposal to test their strategies without wasting real money or very much time!

What we all need is a tool that allows us to test adjustments to our forex strategy, then make another adjustment and try it again.

The information is easily available, that isn’t the problem. The problem is TIME. If we manually (and repeatedly) track back through the last year’s charts – we’ll be old and grey long before we finish the task!

Oh – and we’ll definitely be poorer for the experience!

FOREX TESTER

Forex Tester software allows you to design and back test your own trading strategies and even design your own custom indicators.

Forex Tester also allows you to practice your forex trading strategies in a simulated trading environment.

The software allows you to improve your fx trading skills without risking any money. Using Forex Backtester you do not need to wait for weeks to test your forex trading ideas and strategies, Forex Tester reduces this time to hours and minutes.

Now you can:-

• Study FOREX trading in a fast and convenient way.
• Develop and test your own forex trading strategies.
• Back Test your own currency trading strategy on years of historical data.
• Save your money and your time.

The program has extended drawing tools that allow you to test trading strategies based on technical analysis. It provides the most popular technical studies such as: Fibonacci Retracement, Fibonacci Fan, Fibonacci Arcs, Andrews' Pitchfork and others.

It also has the most popular indicators and oscillators.

For the advanced users there are open interfaces with detalied documentation to help you create your own indicators and strategies. So, if you have your own ideas, you can implement them using the Forex Tester API and significantly expand the program functionality.

My Conclusion:
Definitely NOT a tool for beginners, although I have been amazed at how quickly newcomers to Forex can become experts, (often in a month or even less!)

I am also constantly amazed at how some newcomers can bring a “new angle” or a new perception to our marketplace and instantly spot things that the alleged experts have been over-looking for years – often to their own financial advantage!

Worth a look? Yup!
(click to visit)

Now Here's a Nifty Tool!....


TRADING SOLUTIONS
Design your own Forex AutoTrading Signals Systems...

If you've got an effective trading system, or systems, that you want to use regularly, and especially if - like me - you are persistently fiddling with or trying to second-guess your system, then this is for you.

Now you can turn your system into a little program which effectively sends you your entry and exit signals, as you have previously decided!  That’s Forex Autotrading, and for the majority of us (who would otherwise stop and think when we saw a strong signal), it is a great asset.

Trading Solutions is a powerful software suite that combines traditional technical analysis with state-of-the-art technologies. It has the ability to learn patterns from historical data, allowing you to create your own highly accurate trading systems that inform you when to buy and sell.

It works for all financial markets, including stocks, futures and forex.

There is a free download and trial period too.

I myself have wrecked several perfectly developed systems, often without keeping backups so that I could go back to what worked well. I think I'll take a long look...

(click to lean more)

Here is an interesting and helpful forex trading article.  

You will find lots more articles on my “Interesting Forex Articles” page.

You will also find lots of free and helpful Forex Tools and Resources on their page,  and some other fascinating stuff (and help that you may not know even existed) on the Forex Signals and Autotrading  page and the Brokers / Spread Betting page.

Article:

Mini Forex Trading Accounts -
Perfect For The New Currency Trader

A mini Forex trading account is extremely helpful for a new trader who is more interested in developing a disciplined, rational trading strategy without focusing entirely on profits and losses.

When you start Forex trading you can begin with a paper trading account with which you can understand how the market moves and you can develop more skills and knowledge about this trading account. Once you are successful with the paper trading account then you can move in for the mini Forex trading account.

In mini Forex trading, you get all the benefits of a full-size Forex accounts. The same software, charts and graphs can be used while handling mini Forex trading. However, it helps you to develop the confidence needed to be successful without the anxiety and distractions that come when large sums are on stake.

Mini Forex trading is done in smaller contract sizes of ten thousand units, which is 1/10th the size of the standard account. For opening a mini Forex account you would require 100-300 dollars. Here one PIP is equivalent to one dollar for EUR/USD and GBP/USD.

With a mini Forex trading account you can learn risk management, which will help you in future while dealing full-size trading account. You can trade by using one mini lot and can then build up on the lot size later.

In a conventional sense, you should use only one mini lot for every thousand dollars that you have in your account. Say if you have five thousand dollars, you can take only five mini lots. But in mini Forex trading the pip value is one dollar and therefore, you can concentrate on building strategies without paying much attention to the profit and loss.

With mini Forex trading, you can invest just $250, but trade 10,000 worth of a currency because of the high leverage. In a mini account, the margin deposit requirement per $10,000 lot traded is only $50. This leads to a leverage of 200 to 1 (10,000/50 = 200). Therefore, with your $250, you can trade a maximum of 5 mini lots, with $500 a maximum of 10, with $1000 a maximum of 20, etc.

So the basic advantages of mini Forex trading are:

1) The account can be opened with as small an amount as $250

2) It has a leverage of 200 – 1

3) It facilitates smaller trade size

The account helps new Forex traders build confidence as they are trying out different strategies

There are other methods like Base 10 Trading for small traders. However, mini Forex trading is most suitable if you want to maintain the account under $10,000. It will provide you the flexibility of implementing strategies and offer more staying power in the Forex market as you can take advantage of multiple trades without over-leveraging your trading account.

Paul Bryan is a successful and experienced Forex trader and also the webmaster for http://www.investawise.com, bringing you all the latest Forex news, reviews and advice.

Article Source: http://EzineArticles.com

Reviews of some of the best Forex system testers and system designers, with links to their sites