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Tested EURUSD on Forex Tester

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I thought I would share my experiences with the forex tester. I decided to test the EURUSD H4 for 2010 and compare my results to the first time I tested this pair using MT4 and MooDB. The testing was a lot quicker using the forex tester because I did not have to manually enter trades into the database for every order. I just clicked on the chart and placed my orders into the tester. It was not as quick as I initially expected because position size needed to be calculated for each position using www.forexcalc.com, however it was still quite a bit quicker than my older method of testing.

I achieved a better result the second time, I suspect because my trading skills are improving.  Here are the results using MooDB and 3% dynamic risk:

Profit Factor: 8.81
Account Growth: 55%

EURUSD Results on Moo DB

Using forex tester, the results are measured per order rather than per trade. However a rough comparison can be made:

Profit Factor: 4.47
Account Growth: 71%

EURUSD Results on Forex Tester

I did test to the end of the year with Forex Tester. Overall, a nice tool – for my next test I will do two pairs at the same time to speed up the testing. The only thing I don’t like about it is you can’t group results together and analyse them as a group as I can with MooDB. So for analysis purposes Moo DB is much better. But for speed, and to get an idea for how a system may perform in the real world it’s a great tool.

I will be using Forex Tester for all my future Phase 2 testing and using Moo DB for phase 3 and live trading.

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Forex Tester

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Thanks to one of the students in the Max forum, I have been reacquainting myself with a great piece of software called Forex Tester. The people at forex tester have created all the indicators we require for Max trading and I thought I would try it out again. It looks like this great software will speed up my testing a lot. Entering trade information into Moo DB probably took up half of my testing time, however the forex tester software will generate statistics for you, albeit a little bit limited.

I am going to try some further phase 2 testing using the forex tester rather than Moo DB to see if I can do more testing in less time. The statistics it produces are nice though, you get:

Equity curve graph showing balance, equity, margin and drawdown. I placed two trades just as a test and it looks like this:

Profit chart in forex tester

The following stats:

Forex tester stats

A very impressive piece of software. It doesn’t have real-time risk exposure shown, as I was planning to do with Moo DB, but I think the trade-off is worth it for the time saved. I will be playing with it over the next week to get acquainted a bit more and then will use it extensively for some more phase 2 testing.

It even has an export function so the trades can be exported to Excel or a text file. I may even create an import feature into Moo DB so that Forex Tester trade tests can be imported into MooDB for deeper trade analysis. I’m quite excited that I can now do more testing and spend less time entering data into my database. I urge you to have a look at this great piece of software.

Thanks, Stuart!

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