A Forex Tester is an advanced software which simulate trading in forex market. This software is designed in a way that you can easily know how to make profits in trade, create and refine the strategy used for automatic and manual trading.
This software also tests and improves your strategy for growing and consistent profits. When compared to Forex Tester 2, the Forex Tester 3 has an improved functionality and other additional features. Below is a comprehensive comparison between the two testers.
Number of Modes
Forex Tester 2 users usually need some extra time to comprehend the reason behind ‘Edit’ and ‘Test’. If you also have some queries behind these modes, you can as well forget them in the Forex Test 3 as it came with one easy aggregate mode that simplifies and speeds testing.
In Forex Tester 2. You had to deal with some inconveniences when creating a brand new project. You had to follow the process below is a bit time consuming:
Switch to ‘mode of the Edit’
Then generate ticks
Ensure your data is similar to the periods that are in the window ticks and the data window.
Switch to ‘Mode Test’
Finally, save to draft.
However, thanks to Forex Tester 3, as all this time-consuming process is now solved. With the FT3, you only need to open a new project with a click of a button. The process in FT2 is performed automatically so you don’t have to follow the tiresome procedure.
In this latest forex strategies tester software, all the settings including those of shift in time zone data, a list of currency pairs, the period of the projects and the initial currency pair are implemented directly.
Keeping the test parameters in projects
In Forex Tester 3. All the test settings such as the list of currencies, initial deposit, time shift, the range of data, and currency adjustment and the range of data are saved in projects.
Moreover, when compared to the Forex Tester 2, the FT3 can switch between projects more easily. Additionally, the Forex Tester 3 users do not need to re-generate tics. Keep in mind that for some currency pairs you may be required to generate them.
Furthermore, in Forex Tester 3, all the settings are restored and tics are generated automatically as soon as you open the project.
Number of currency pairs in simultaneous downloads
For example, imagine that you are in this situation: You want to download data for the last 16 years to 19 characters. In FT2, you start to download a pair at a time and then go to your daily routines and return after a while to watch the progress. After about thirty minutes you click to download the second pair and then go to the third currency pair after some time. This can be tiresome as it can take a whole day or even several days if you happen to be forgetful in a number of ways.
In Forex Tester 3, things are completely different. Everything is now easier and takes less of your precious time. The reason behind this is that the FT3 combines all the currency at one for download. You just have to wait for a few hours to complete the process.
Data processing and download speeds
In the Forex Tester 3, data processing is now much faster than the Forex Tester 2. In FT3, data can be several streams instead of one stream, as in the Forex Tester 2. This saves you time as the time taken to process data is now less.
It is often recommended that you keep all current schedules in a form which they are at the moment before start testing. The FT2 has templates and projects that you need only to organize your workspace. On the other hand, the Forex Tester 3 has an additional valuable feature called Save/Load Desk that lets you save the current structure and graphics of your drawing in the desired position.
Profit chart for analyzing the effectiveness of your strategy
In Forex Tester 2, the equity line in the profit window is now represented in convenient form bars that allow you everything when your deposit changes. Moreover, all the templates and drawing tools have also become applicable in the schedule.
You can also open any desired number of the profit graphs in FT3, rather than having to open one at a time as in the FT2. For awesome convenience, make sure you use the crosshair.
Automated time shift for the currency pairs projects
The FT2 uses could only change the time shift only for one pair of individual currency. However, in FT3, the time shift is set in projects themselves. This greatly contributes to an accelerated process for the preparation for the test.
Number of built-in EA for automated testing
The automated strategies provide merchants with a fantastic opportunity to save significant effort and time. Instead of testing manually, you just need to press a few buttons to do it and then move to somewhere else important. After a few hours, go back and analyze the results. The Forex Test 2 only provides one EA’s, while the Forex Tester 3 contain the 3 most useful and common trading systems for an automated start testing.
Supports for multiple monitors
Merchants who work with many monitors often complain of placing each individual schedule on an individual screen. Fortunately, this issue has been resolved in the FT3. You can now easily move to an unlimited number of monitors. Go to windows and the Cascade and then drag and drop the window in a location you want.
In FT2, the registration key was basically attached to the Hardware ID of your PC. At times, it was essential to change this value. For instance, when you need to reinstall your computer’s operating system. In such case, you had to ask for a new key and the wait for the system to generate a brand new one.
In Forex Tester 3, all you are need to do is to master the key provided. This means that the key requesting process happens automatically.
If you’ve a used Forex Tester 2, you can upgrade to Forex Tester 3 for free. Click above to download the transition.