Smart Forex Tester Suite – Free Licenses

Smart Forex Tester Suite includes 3 main products: Strategy Tester, Trading Simulator and Pivot Points Analyzer. Our subscribers are granted a free license for each of these stand-alone products.

Once you activate any free license, you can switch between all the above products as many times as you need. Moreover, your free licenses never expire.

You can get your free license directly from the software. This 30 s video shows how.

(if you haven’t done this yet,  subscribe and download the software).

On start-up, you will see the main products menu (click on the image to enlarge):

Smart Forex Tester Suite Products
Smart Forex Tester Suite Products

Here you click the Get free license link opposite the free product you want. (If you are unsure, no problem: just pick any – like we said, you can always switch products later!)

On the next screen you will need to enter your email address you used to subscribe and click Get free license button (click on the image to enlarge):

Smart Forex Tester Suite -license activation
Smart Forex Tester Suite – license activation

The software activates your license. Save your personal code (seen in the Code field) for later – if you want to use the software on another computer.

Next, you need to restart the software to finalize license activation. That’s it – you are good to go!

Now, when you start the software, the link for the product you activated the license for,  will change to Use and all the functional tabs will be visible.

When you want to switch between free products, you will need to repeat the procedure above.  This time, you won’t even need to enter your email.

In addition to free products, Smart Forex Tester Suite offers 2 premium bundles. While free products offer ample functionality which is enough for developing and testing your manual or automated trading strategy, it is the bundles that bring you to completely new level.

Premium bundles not only provide convenience by eliminating the need to switch licenses. Most importantly, they add value because you can use all the bundled products simultaneously – and in any combination.

For example, you can run in the Tester an automated trading strategy that uses the signals from the Analyzer.

Or, you can test semi-automated strategies, where you enter the market manually, but let the automated trader monitor the profits and risks for you (“autopilot” mode). Or the other way around.

As you see, the Smart Forex Tester Suite can be used in lots of different ways.

 

Offline Forex Simulator: Test Your Trading Strategy Even When Markets Are Closed

Offline Forex Simulator is a software tool that fully imitates the markets on our demand – whenever we want it, and even without a connection to Internet.

Offline Simulator is very handy for most of us who have our day job. Watching Forex markets requires time, which is not easy to find during busy weekdays. The Simulator helps to do that during weekends.

How does the Simulator work? It “plays back” saved market data. Similar to watching a video tape – if by video tape we mean a file of price quotes.

A good Offline Forex Simulator provides 100% accurate market modelling quality. For that it must support tick-by-tick data. A “tick” is a new price quote received by the market. For any currency pair, a tick is a combination of 3 numbers: bid price, ask price and time stamp.

The time stamp has an accuracy of up to 1 ms. Such high precision is not excessive.

There can be over ten ticks each second during fast market moves. Which often happen during some events or major news releases. However, ticks can also come as rarely as 1 in a minute, typically in slow Asian sessions.

In this article we will show you step-by-step how you can test your trading strategy with the help of our Offline Forex Simulator.

First of all, you need to download and install the software. It is free for our subscribers. If you haven’t yet subscribed, do it here.

Once you activated your free Forex Simulator license, navigate to the Data tab. This is where you select and load the tick files. The Simulator provides an inbuilt data file for you to try out of the box. The file contains 2 days worth of ticks, which is more than enough to get you started.

We will use the inbuilt file in our example.

Once you have loaded the file, the offline Simulator shows the loaded data interval on a monthly calendar. This doesn’t mean that only 1 month long files are supported. The calendar just shows the 1st month of the data for you to select the start date and time for testing.

Offline Forex Simulator
Offline Forex Simulator – Loaded Sample Data File

You have the options to specify the exact time, or select one of the standard times, corresponding to the start of 3 major trading sessions (USA, Europe and Asia).

Let’s select the time known for the most intensive trading – when the US and European trading sessions start to overlap (at noon GMT) and begin a new simulation with pressing the Start button.

Continue reading…

Smart Forex Tester, Simulator and other products to be integrated

Smart Forex Tester and Simulator are the first products that we have integrated on our new platform. Next products to be integrated are Pivot Points Analyzer and Data Recorder.

Previously, each one was a stand-alone product.

The main rationale behind integration is that all the products share many functional blocks, e.g. data engine or price graph. So integration will speed up our development process and will also help us improve quality.

To make each product available as a stand-alone software, we introduce licensing. Basic individual products will continue to be free for our subscribers, and you can have a free license for each one.

However product bundles will be premium paid products.

Smart Forex Tester, Simulator are integrated
Smart Forex Tester, Simulator are integrated

What it means for you? If you are our subscriber, you will simply need to claim your personal free license for each product that you are interested in. We will email you your personal code and instructions.

Like we said, basic licenses are free – but you will need to reinstall the licenses every time you want to switch between products. Paid bundles will provide convenience by eliminating the need to switch licenses. They will also add value because you can use bundle components simultaneously in any combination.

So be sure to check your inbox for the email with your personal credentials and download instructions.

Stay tuned!

 

Forex Simulator’s Offline Mode – Practice Trading When Market Is Closed

Using Forex Simulator’s Offline mode is an ideal way to to practice trading when the markets are closed. The software uses historical market data stored locally on your computer, so you don’t even need an Internet connection. You can practice anywhere – and any time you like, not only when the trading is open!

Our Forex Simulator guarantees 100% market modelling quality, as it only uses tick-by-tick data.  You can download high quality tick by tick market data for free e.g. from TrueFX.com. They provide the data as monthly files in CSV format, which the simulator natively supports.

The Simulator provides an inbuilt sample market data file covering 2 full days of trading. Navigate to the Data tab, and follow the instructions there, and you can give offline simulation a try in just seconds after software installation.

Forex Simulator Offline -Market Data
Forex Simulator Offline – Market Data

When you’ve selected the data interval and started an offline simulation run, you will be automatically redirected to the Simulation tab. There you can place market, take profit and stop orders – all as if you were trading on real Forex market.

Forex Simulator Offline -Testing
Forex Simulator Offline -Testing

However, there is an important difference between practicing on live market and with the Forex Simulator offline.

Namely, in our Simulator you can vary the data feed speed and also put data feed on hold. Which is obviously impossible to do if you use a regular demo account.

What are the benefits of these data speed manipulations? Why would we need it?

First of all, pausing the data feed lets you manage your time. You can take breaks whenever you need it, but not when the market  situation allows it.

Secondly, by speeding up the data feed you can save your time. When the markets are moving nowhere, you don’t have to sit and wait for action. At higher speed, you can skip the moments of “dead market” and return to normal speed afterwards.

Finally, you can also slow down the data feed. This might be useful practicing news trading – when the market moves extremely fast.

Read more on Forex Simulator Offline.

Download Forex Simulator and try it yourself – it’s FREE!

Forex Simulator is part of the Smart Forex Tester Suite, which also contains a Strategy Tester and Pivot Points Analyzer.

Once you install the Simulator, you can switch between these stand-alone tools – their licenses are free for our subscribers.

Smart Forex Simulator To Include The C++ Strategy Tester

Smart Forex Simulator will be a new product built by merging current Forex Simulator and Smart Forex Tester.

One rationale behind this change is to improve user experience.

Merging will also make the tool development more efficient, because both current tools share a lot of the same code.

After this change, the tool will no longer be usable without a license.

However, the basic functionality will still be free. So the current users can claim their free licence. Or upgrade to get the premium features.

The following licences will be available:

Online Simulator – free. Offline Simulation and Timeshift in Real Time – paid.

Strategy Tester – free. Max test speed and manual trading operations – paid.

Online Simulator AND Strategy Tester – paid.

 

Forex Trading practice is efficient with the Simulator that supporst Offline mode and Timeshift

Forex trading practice with specialized simulation software is much more efficient than using a regular demo account.

The most important advantage of the Simulator is that it saves you a lot of time.

Why it is possible. There is internal redundancy in the markets: not all the time you spend there is equally valuable. The periods of “dead” markets can take a substantial share of time, but they add very little value (if any!) to your practice.

The Simulator can reduce this redundancy. You can choose to skip the useless time and only practice when there is action! Which is impossible on a demo account: you have to always spend all the time.

Forex Trading Practice Offline with the Simulator
Offline Forex Trading Practice  

How it is working. In Offline mode (principally unavailable on a demo account), the Simulator has pause/resume functionality and provides the data feed speed controls. The same is possible in Online mode, with the Timeshift feature – the Simulator lets you pause the live data stream.

When you resume, you can increase the data speed if the market situation justifies that. In a way, you can “squeeze the air out” of the slow moving markets. Which is nothing else than time saving.

Get free online Forex Simulator.

Online trading practice with Forex Simulator saves your time

During your online trading practice on Forex (e.g. with a Demo-account), you need to be careful about how efficiently you use your time. Unfortunately, it is very easy to waste a lot of time in the market.

One of the reasons for that is that the market might be moving really slow. E.g. in Asian sessions, it is not uncommon for the price quotes to come more than 1 min after each other. But even if this is not the case, still the markets can tread water for quite a while.

The example on the below graph shows a market movement of less than 30 pips in EURUSD. This rather unimpressive action took more than 2.5 hours and well over 15,000 ticks to develop.

online trading practice with forex simulator saves lot of time
Online trading practice can waste much time

And if you look at the picture more closely, you can notice that you would practically have wasted the second half of this time.

The Forex Simulator will help you use your time much more  efficiently – and save a lot of it!

First of all, the Simulator overcomes the main problem of online trading practice with a Demo account. Namely, it can only be used when trading is active.  But live data feed is not available when we would like to practice the most: during the weekends.

With the Simulator, you can practice any time you like. Using offline simulation mode, you get your own “24/7 demo account”.

With offline simulation being an obvious efficiency improvement factor, even more efficiency results from online and offline functionality complementing each other.

And last but not least – quite unexpectedly – the Simulator can offer great time savings in online trading practice, as well! With the latest and the most innovative functionality – Timeshift – you can pause the data feed in real-time and later playback at the most adequate speed and squeeze the slow moving market many fold.

Forex Online Simulation Benefits From Timeshift

Our Forex Simulator development is continuing at full speed. The major new feature of the next release will be Timeshift, which makes it possible to pause/resume online simulation.

This simple example shows you how Timeshift saves your time.

You are at the airport waiting for your flight. You don’t want this time wasted, so  you are practing with the online simulation. Now your flight is boarding. While you know it will take some time, still you can’t concentrate properly. Or your colleague invites you to have a drink while waiting.

Here is where the Timeshift comes in. You don’t stop your practice – you just pause it.  It might take a while before you will have to eventually turn off your Internet connection. All this time the Simulator will continue receiving the market data.

Later, during the flight, when you have time, you will resume your  practice. The Simulator will use the recorded price data.  This way, you will get back the time that would have been wasted if you didn’t have the Timeshift.

There is more in our development queue. E.g. the market data collection can not only be used for Timeshift.  You can record a trading session while you are at work during daytime. And then use the recording and practice on it while commuting home.

We are also designing trade recorder/player for you to analyze your practice, multiuser mode to practice together with your friends and other cool features.

To make the Simulator that meets your needs, we need your feedback!

Please do take a look on our roadmap and vote – this way we will implement the most needed features first. And if you want to suggest a feature – don’t hesitate to leave a comment!