Forex Tester — Best Professional Backtesting Software For Traders 2025 Fx Pips Hunter

Forex Tester – Professional Backtesting Software, Opening a trade with no plan is a surefire way to bleed your trading account. Forex Tester is a powerful testing software for traders that is the best for improving your trading strategy before risking a single cent.

This in-depth analysis gives you all you need to know about Forex Tester’s features, pros and cons, setup, pricing, and how it stacks up against other backtesting solutions! From newbies to professional traders, each level of trader is provided with every minute detail about how Forex Tester would make them a better trader.

Table of Contents

What is Forex Tester?

Forex Tester is a professional backtesting software that enables traders to test their strategies on historical data. It allows users to experience actual trading conditions and utilize practice sessions to improve their strategies without capital at stake.

While demo trading takes place in real-time, Frame around allows you to increase or decrease the speed of events on the market, so you can test your strategy faster while backtesting.

Key Features of Forex Tester

Real High-Quality Historical Data: Many high-quality and low-latency historical market data are available at the historical market level, and tick streaming data is available for accurate retrieval from top-tier liquidity providers.

By testing out multiple times, you will find the error in your strategies faster.

Automated Trading Capabilities: Algorithms and Expert Advisers (EAs) can be used to automate the testing of strategies.

Customizable Indicators: Add and customize technical indicators as per your trading style.

Real-Time Market Simulation: Trade with realistic spreads, slippage, and commissions.

Why Use Forex Tester?

Strategy Development Without Ruins to Your Risk.

Traders can fine-tune skills and strategies without having to risk money with Forex backtesting from it. Backtesting can help traders assess vulnerabilities and tune their strategy for the future by testing on previous data.

Save Time and Boost Efficiency

While demo trading takes place in real time, it enables you to fast forward time and run years of data in a matter of hours.

Discover the Best Automatic Trading Strategies

Using backtesting, traders can identify which strategies are effective under various market conditions (trending, reversing, consolidating, etc.).

Enhance Risk Management

Traders can backtest different risk management strategies to determine stop-loss and take-profit value levels to optimize their capital protection.

Guide Step by Step How to Configure Forex Tester

Step 1: Download and Install Forex Tester

Forex Tester | Download the latest version. Download and install through the on-screen instructions.

Step 2: Import the Historical Data

The first thing you will need is historical forex data to backtest. it has historical data for free and premium tick data, which you can buy for more accuracy.

Process 3: Trading Textbook Set Up

Select the currency pair you wish to test.
Choose the desired timeframe (M1,M5,M15,H1,H4 and D1).

Setup indicators (Moving Averages, RSI, Bollinger Bands, etc.).

Step 4: Start the Backtest

Step 5: Interpret Outcomes & Enhance

Step 6: Run the simulation and see what your strategy did over varying historical time horizons.

After backtest completion, evaluate the results based on perform metrics such as:
Win Rate: The percentage of winning trades.
Reward-Risk Ratio: Average profit vs average loss.
Max Drawdown: The maximum loss before recovering gains.
500Profit FactorTotal profit / total loss

Forex Tester Vs Other Backtesting Software

Feature	Forex Tester	MetaTrader 4/5 Strategy Tester	TradingView Replay Mode	Soft4FX Simulator	QuantConnect
Platform	Desktop (Windows)	Desktop & Web	Web-Based	MT4 Plugin	Cloud-Based
Historical Data	High-quality tick data	Limited free historical data	Only manual replay mode	Tick-by-tick data	Large historical dataset
Automation	Yes, supports automated strategies	Yes, supports Expert Advisors (EAs)	No automation	Manual backtesting	Supports Python & C# algorithms
Customization	Fully customizable indicators & scripts	Limited to MetaTrader capabilities	Limited	Works within MT4	Advanced customization available
Multi-Timeframe Testing	Yes	Yes	Yes	Yes	Yes
Ease of Use	Beginner-friendly with a learning curve	Requires understanding of MT4/MT5	Very easy to use	Moderate learning curve	Requires coding knowledge
Market Data	Paid historical market data	Free real-time & past data	Free real-time data only	Uses MT4 data	Free access to multiple markets
Supported Markets	Forex, Stocks, Crypto, Futures	Forex, Crypto, Indices	Forex, Stocks, Crypto	Forex Only	Forex, Stocks, Crypto, Options
Cost	Paid (One-time & Subscription)	Free with MT4/MT5	Free & Paid plans	One-time payment	Free with paid upgrades
Best For	Professional traders, strategy testers	Traders using EAs & algorithmic trading	Visual/manual traders	Manual traders in MT4	Quant traders, developers

Forex Tester Pricing & Plans

There are different pricing options depending on the required features. Here’s a breakdown:

Forex Tester Free Version:

Great for beginners trying out some simple strategies.

Forex Tester Standard ($149 – Lifetime Payment):

Data till October 2023 for the past 16 years
Readily backtesting across different timeframes and backtest features.

Forex Tester VIP ($299 – One-Time Payment):

Unlimited high-quality tick-by-tick historical data.
More advanced, including automated testing and optimization features

Forex Tester Subscription Plan ($29.99/month)

Ideal for traders who want to use the software without a long-term commitment.

How to Backtest Effectively with Forex Tester

Train on a Large Data Set – Backtest on multiple years of data to help indicate the robustness of the strategy.
Factor in costs of trading – Use spreads, commissions, and slippage for more realistic results.
Don’t Overfit – Validate that the strategy performs in multiple market conditions and not only on past data.
Experiment with Market Behavior – Test in an uptrend, a downtrend, and a choppy-ranging one.
Manage Money: Closely monitor the risk-reward balance for your trades and set proper stop-loss placements and trailing stops.

Traders’ Common Mistakes with Forex Tester

Relying on Too Small of a Sample Size

A tactical plan that does well in a particular time stage may fall flat in another market cycle. Test over multiple years, continuously.

Ignoring Risk Management

Most look at the entry/exit points of the strategy and forget the risk management behind their trading plan, which is a recipe for disaster where huge losses take off one account.

Over-Optimizing the Strategy

A strategy that has been over-fit to past data may very well prove ineffective when put into live trading. Look out for general trends, not perfect outputs.

Q1: Is Forex Tester suitable for beginners?

Yes, Forex Tester is designed to be user-friendly; it features an intuitive interface, easy setup, and educational resources to assist traders in learning about strategy development.

Q2: Is Forex Tester suitable for stock or crypto trading?

It is an application primarily intended for forex markets. Some versions offer support for limited stock and crypto information, though.

Q3: Is Forex Tester Superior to Meta Trader’s Strategy Tester?

Forex Tester provides a more comprehensive manual and automated backtesting experience compared to MetaTrader’s built-in tester and is the best option for serious strategy testing.

Q4: Is it possible to automate strategies in Forex Tester?

Yes, Forex Tester does allow traders to automate backtesting using scripts and Expert Advisors (EAs).

Conclusion

For traders who want to hear their strategies, Forex Tester is one of the best tools on the market. Its realistic market simulation, fast backtesting capabilities, and customizable settings for a wide range of trading strategies provide a robust environment for traders to improve their approaches efficiently.

Traders can fine-tune their decision-making process, limit losing trades, and formulate winning trading systems based on past performance using Forex Tester.

If you are serious about your forex trading and want to build your skills, Forex Tester is a must-have tool that can take your trading game to the next level!

Forex Tester — Best Professional Backtesting Software For Traders 2025