Category: Forex Testing

Smart Forex Tester Suite software is all you need to automate your trading strategy and test it – both on historical market data and on live prices.

Now, in the latest edition of the Suite we also added the functionality to detect the market turns in real-time.

To understand why we need it, let’s start from a simple question.

How can we make profit in Forex?

The market is random. We can’t predict its direction. However, what we know is that the markets never move in a straight line.

Moreover, we know that the prices travel from an extreme in one direction to the next – in the opposite. This is how the markets work (price discovery).

Imagine that you could know when the market is going to reverse – that would be great, right? But is it possible?

Watch this 3 min video and see how our software does it in real time. (Note the video is very informative, so pause it if needed to read all the subtitles).

The detection algorithm in our software is the result of our many years’ research experience in signals detection from the random background noise.

Principally different from indicators

The advantage of our algorithm is in that it works so fast that you can use it for timing of market entry or exit.

Whereas indicators are principally lagging, because they use averaging. Even for a very short M1 time frame, you need to wait for each reading for 1 min. Which is long enough time for a lot of see-sawing to happen.

Indicators are useful to provide a big picture, but it is difficult to base your trading on indicators only. For example, the RSI can indicate that the market is overbought or oversold – but this condition can stay for quite a long time and even develop further.

Day Trading and much more

Thanks to low detector delay, you can use its signals – the dots you saw in the video – for the day trading.

On the longer time frames, the detector signals can be part of more complex trading strategies, including indicators-based. Combined signals will let you enter the market much better.

Adding proper market timing to any lagging indicator will give you the best of both worlds. Otherwise, you could lose tens of pips on both entry and exit – because of the seesawing of the market.

Moreover,  if a signal turned out not to be a pivot point, good timing helps to minimize the losses.

Because even at local extremes, the market tends to slow down and seesaw – and you might have the time to exit if you are unsure – you may even make a little profit!

Trading Automation

Forex can be stressful and take a lot of time. Trading automation is a way to reduce the stress and boost the effectiveness.

Smart Forex Tester Suite Ultimate makes the pivot points signals available for your automated C++ trading strategy. It gives you an enormous potential.

Similar to the auto-pilot in an aircraft, the automation is the best way to get rid of routine and time-consuming activity. An automated strategy monitors the situation way more reliably than you and reacts much faster.

So, you can delegate the market entry task to the algorithm. You will save your time – no need to be chained to your computer. You can leave your desk and return only when you hear the sound signal of the market entry from the computer.

Next, you can decide for yourself what to do with the position opened. And like we said above, even if it was a false alert, you might still have enough time to minimize the impact.

Alternatively, you can enter the market manually, but then automate the tracking of your position. Obviously, pivot points signals let you implement much more flexible profit taking logic – compared to regular (even trailing) stops.

Ultimate Forex Strategy Testing Environment

Smart Forex Tester Suite Ultimate provides all needed to develop and test your trading strategy.

The Suite’s unique functionality makes it possible to considerably reduce the time required for testing – be it manual or automated.

Forex Trading Simulator is designed for manual testing of your strategies. You can test both on historical tick-by-tick market data and live prices. The Simulator provides 100% market modelling quality with the tick rendering accuracy of up to 1 ms.

If your day job keeps you very busy on weekdays, offline Simulator is a perfect solution. It lets you test at any time, convenient for you. Most importantly, on weekends – when the market is closed.

The flexibility of offline testing alone makes the Simulator superior to any demo account. But the Simulator also saves your time, due to variable tick data feed speed functionality.

So, doing Fast forward on the slow market, you can skip the dull time – without losing anything! It is like skipping the commercials in a recorded TV series.

Alternatively, using Slow motion feature, you can test on fast markets. For example, during news releases, it might be useful to reduce the data feed speed to up to 1/4X.

In addition, it is the fast moving market when it is interesting to use the trading server delay functionality.  The delay is always present in real life online trading and the Simulator lets you model it.

You can also run the Simulator online. Live market data feed gives you real tradable prices for 10 main currency pairs – no account needed.  You can use pivot points algorithm to generate real-time market signals and test on live market.

Furthermore, you can also manage and save your time in online real-time simulation! Thanks to a unique Time Shift feature.

Time Shift lets you pause live data feed whenever needed, so you don’t have to be chained to your computer even during live trading. When you resume, all the offline data speed manipulation options will become available, as well.

This functionality is evidently impossible to get on a regular demo account.

Smart Forex Tester is used for trading automation design and testing, both offline on historical data and on live prices online.

The Tester only works on tick data (no interpolations!) and so it provides 100% accurate market modelling.

The Tester uses the same data engine as the Simulator, so all the options to vary data feed speed and simulate server delay are also available.

The Tester provides full-fledged C++ environment for strategy definition. Pivot Points detection algorithm is made available to strategies.

The C++ environment makes the Tester EA-compatible on source code level. As MQL is very like C++, after relatively small syntax changes an MQL code can be compiled and run in the Tester.  The trading interfaces between the strategy and the Tester engine are similar to those used in MT.

You can analyze your trades using zoom in function. It shows a snapshot of the market with a tick accuracy – even when the test continues running at the maximum speed.

The Tester will provide more smart functionality* to further increase test efficiency and save your time. E.g. in the Quick test mode you can get a draft test result much faster. With the Test Manager, you can save the most critical market data as test scenarios and only run tests in batches instead of testing every time on full data arrays.

So, in summary, the Smart Forex Tester Suite Ultimate will give you all you need:

Benefits from Synergy

Smart Forex Tester Suite Ultimate consists of very advanced and sophisticated software components that you can use stand-alone. However, it is from synergy between them that you will benefit the most. It will boost your efficiency and save your time.

*) Available 2H2018