forextester, Author at Smart Forex Tester

Switching favorite trading strategies on the fly in Smart Forex Tester

One of the benefits of Smart Forex Tester is is that now you can switch your favorite trading strategies on the fly*.

The idea behind the switching is very simple – for you to quickly adjust the strategy to the market situation.

This feature works in both testing and trading modes.

In the GUI, favorite strategies remind preset buttons in a car radio.

Smart Forex Tester Favorite Strategies — Saving a tested trading strategy in Favorites

Once you successfully compile a strategy, you can save it as one of the favorites, and also add a comment, so that you would remember the details later.

You can read this comment later as a tooltip – when you hover the mouse over the button.

Smart Forex Tester stores your favorite trading strategies on disk, so you can use them immediately after you start the software.

You can always re-write any of the favorites or change the comment.

Last but not least, switching the strategies happens really fast. In most cases, the next tick that comes after you clicked the button, will already be processed by the new strategy.

*) Requires a premium license.

Forex Market Daily Volume Exceeds $6 Trillion!

Forex Market is known as the most liquid.

But how big is it, exactly?

According to the survey released by the Bank for International Settlements, daily volumes on the Foreign Exchange market reached a whopping $6.6 Trillion.

Analyst Wolf Richter recently published an interesting article with the breakdown and analysis of the FX market.

The figure below shows that the USD clearly dominates the Forex market, accounting for over 88% of the total volume.

Forex Market Daily Volume — Source: WolfStreet.com

On average, the daily volume of the trades with USD on one side was $5.82 trillion. The volume almost doubled since the latest financial crisis.

Read the full article here.

Heads Up – A Flash Sale Is Coming Next Weekend

Next weekend our subscribers will get an email with the details on how to grab our flagship product – Smart Forex Tester Suite 2.0 – with a big discount.

Stay tuned! Please make sure you don’t miss our email. The offer will be valid for a short time only.

If you are not our subscriber yet, please subscribe here – it’s free!

Get Forex Practice Videos: Training Course

Forex Trading Pro System contains Forex practice videos (21 videos, 10 hours) and the blueprint document.

The course teaches Forex trading basics and also covers in detail working with Metatrader client terminal.

This course is delivered by a very experienced Forex trader. It can be helpful from beginners’ to intermediate level.

Here is the course breakdown.

Get the Forex Trading Pro System video training course.

Summer Sale 2019 is coming!

Good news!

To celebrate so long awaited summer, we decided to make our subscribers a very attractive offer for our flagship product – Smart Forex Tester Suite 2.0!

This sale will be announced next week. Please check your email regularly for the detail.

In case you haven’t done it yet – subscribe now. It is free.

There are some really cool features of the 2.0 series that we are developing.

If you need a refresher what our software is capable of, take a look here.

And last but not least: did you know you can get our premium software absolutely free?

Check out our Bonus Program!

Smart Forex Tester saves ticks on-the-fly

Smart Forex Tester saves ticks locally on-the-fly any moment you click the Save ticks button. This feature is available when you run the Tester standalone in online mode, or connect it with MetaTrader.

The main use for this feature is to use stored price data later for backtesting.

The figure shows how we can have Smart Forex Tester save over 200K ticks that it has acquired running for 2 days with connected Metattrader data feed.

This feature requires premium license.

MetaTrader connector is released

Now you can feed the real-time data from your MetaTrader terminal to the Smart Forex Tester.

This is achieved with the help of MetaTrader connector – a special proxy EA that is attached to an MT chart.

The connector sends ticks into the Smart Forex Tester and receives the responses from the Tester.

The responses are either Pivot Points Analyzer signals or trading commands generated by an automated strategy.

MT connector requires Smart Forex Tester version 1903.0910.33 or newer.

You can download the connector here.

(The connector works if you have a premium license installed).

Smart Forex Simulator integrates with MetaTrader

Our new Smart Forex Simulator can connect with MetaTrader (MT).

In addition, the new product inherits all the functionality of the Forex Simulator Plus. However, it is the MT integration feature that takes the Simulator to the next level.

First of all, before the integration, the Simulator could only work on Forex. Now you can practice on any other market that your broker provides.

In addition, the Simulator can store the real-time prices from the MT data feed on your computer. So, later you can run the Simulator offline and use the data you saved. Which is quite handy during weekends when there is no active trading.

However, the main benefit the MT integration will give you is signals. Namely, now you can export the Pivot Point Analyzer signals to MT. What is important, the signals are real-time. The Simulator receives a tick from MT, and if this tick triggers a signal, MT will receive it in the response for this same tick.

This is the main reason why we call the new simulator “Smart”. This unique feature turns the simulator into a powerful real-time market timing tool. Which you can use in both practice and real trading.

Smart Forex Tester 2.0

As 2018 comes to an end, we are glad to report that we are close to finalizing all the features that were planned for the 1.0 series of the software.

Both Data Manager and Test Manager functionality (Fast Test mode and Test Batch mode) have been already released.

MetaTrader integration is still in the works, and we recently decided not to include this feature into the 1.0 series, but make it part of the 2.0 version instead.

Now, with the testing framework in place, in the 2.0 series we can concentrate on the usability, and – most importantly – we will be also working on implementing our ideas for dynamic strategy optimization.

Note that with MT integration in place, our market timing tool can be used not only on Forex, but also on other markets. So, we are thinking of changing the product name, as well.

If you’ve already purchased a 1.0 license, don’t worry! You will get the MT integration update for your software in January 2019 (and will continue to get free updates for life).

If you haven’t yet purchased the 1.0 software – read on!

As our software now got to the next level in its maturity, its price will increase correspondingly – we will double the price starting 2019.

You still have it until the New Year to purchase the Suite at the old price. And it’s still just one-time payment, and free updates for life included. And of course, risk-free for 30 days.

Moreover, our subscribers cam claim even a more attractive deal.

If you are a subscriber already, be sure to check your email for the offer.

If you are not a subscriber yet, subscribe now (it is free).

Data Manager is added to Smart Forex Tester Suite

Forex Data Manager is a tool to prepare your own test data files, which is especially handy for batch testing.

Why is it needed? To make your testing very efficient.

If you test on the original historical market data files, the testing might take days to complete. Because these can be very large.

For example, if you use (as we do) free monthly tick data files provided by truefx.com, they can be several hundred of MegaBytes in size.

This is why we added the batch testing feature. It helps you to only test the most interesting market action and don’t waste time for the rest. You can compile a test batch from a relatively small test files and run them all automatically one after another.

With the Data Manager, making these test files is very easy.

Smart Forex Tester Data Manager — Data Manager is a tool to prepare the data for batch testing

First, you load a master data file in the program. For example, a monthly file we mentioned above.

Then, you view the market action, zoom in if needed, and find the market action that you would like to test your strategy against. Then you save it as a separate file, which is much smaller in size. So the tests can be completed in much shorter time.

This way, you can compile different test batches that evaluate your strategy in different market conditions. For example, you can prepare a batch that will have a set of market action for different currencies after a rate decisions or other major news announcements.

Another examples can be a set of powerful trends, sudden trend reversals, etc.