Forex Tester 4 – Trading Product Review & Discount Code

Full Review:

With a pause/play button and 20 different speed levels, you can work at your own pace, taking more time when placing your trade and proceeding faster when there’s no market opportunity to analyze. You can also save your backtesting work and resume it whenever you prefer. You don’t necessarily have to finish your test in one session. 

You can decide the starting date, the initial balance and you can also withdraw/deposit during the test, having a real trading experience. Working with top brokers, such as Alpari Uk, Pepperstone and FXCM, Forex Tester 4 provides reliable tick-by-tick data from 2001. You can back-test with real market conditions, with real spread, commissions and swap, so you will be sure that the end result is reliable. At the end of the test, you can study statistics and data related to your strategy, so you can improve it, becoming more confident in your trading strategy and your money management.

What if you are an algo-trader and work with an EA? You can certainly take advantage of top quality data to back-test with real market conditions (if you have ever used the MT4 back-testing terminal, you know how important this is), but the coding language on Forex Tester 4 is different from the MQL4 that is used on the MT4, so you cannot simply upload your EA and start working on Forex Tester 4, but you have to convert the EA. Forex Tester has an integrated feature that will attempt to convert the EA within the software. For some EAs, especially complicated ones, this feature doesn’t seem to provide good results. In case it doesn’t work, Forex Tester team can convert it for you for free, but it usually takes from 1 to 3 months. The alternative is to pay a developer to get it done. This should be an affordable solution, since the conversion is not very difficult and should not require much time, because their API is very similar to MQL.

What if you are not a Forex Trader? For traders focusing on other financial markets, Forex Tester offers a wide variety of assets: 111 indices, 568 stocks, 16 metals, 22 commodities, Bitcoin, Ethereum, XRP, Litecoin and 2 futures. The price for Forex Tester may vary from $149 to over $1000, depending on product, the data subscription and the number of licenses purchased. You can get a special discount if you purchase it through It’s Trading Time!