Soft4FX Forex Simulator



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I’ve had a few questions regarding back testing and how to go about it. And when I talk about back testing, I’m not referring to the MT4 Strategy Tester, but moreso using a simulator to forward test a trading strategy. Sure you could use a demo account, but that could take weeks to get the desired results, especially if testing on a longer time frame.

If you saw my hedging video at then you would have seen my preferred simulator tester in action. It is funny, as a few days ago I did receive an email from the Forex Tester 3 people who wanted me to promote their simulator. I had to knock them back as I am currently using the Soft4FX Forex Simulator which is the one you see in the video.

A couple of things I like about the Soft4FX product is that:

It is simply an EA that you load onto your MT4 platform, so it is not a separate software as such.
It has a one-off fee and very reasonably priced compared to Forex Tester 3.

It also gives you the opportunity to download much more accurate price data from a couple of third party providers at no extra cost. This just helps with the accuracy of the testing.

And the main advantage of Soft4FX over Forex Tester 3 is that it works directly off your MT4 platform, it will work with the majority of your custom indicators without having to convert them to a different language as you would have to do with Forex Tester 3.

Not all custom indicators are compatible, but a lot of them are, including most of mine. If you are serious about testing (and you should be) then this is a great tool for the price and worth having a look at.

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Each of my books listed below, have reached BEST SELLER status on Amazon.com in both Foreign Exchange and Online Trading categories (links below). The price of the book includes a downloadable package with my custom indicators (there are no ongoing costs or upsells!). The e-books are also available on Available on: iBooks, Barnes & Noble, Kobo, Inktera, Playster, Scribd, Tolino, 24Symbols and Overdrive

░ Forex Trading – The Basics Explained in Simple Terms *eBook and Paperback available

░ MT4 High Probability Forex Trading Method *eBook and Paperback available

░ Trading Forex with Divergence on MT4 *eBook and Paperback available

Free Kindle apps are available for iOS, Android, Windows and other devices here:

Recommendations
I only recommend resources that I personally use or have full confidence in. The following links are affiliate links, so I would receive a small monetary gain for introducing them. However, my wife suggested I donate any affiliate monies to charity, which I am happy to do, so please consider using the links to contribute towards a good cause.

Brokers

Forest Park FX are an Introducing Broker. You contact them and advise them of your situation, and then they identify a suitable broker that they believe will suit your needs. This service does not cost you anything.

Trading Courses/Mentoring

Even though I do try to help where I can I can’t provide the commitment required. I do however know one guy who is very good at this, Jared Johnson from Day Traders FX

Back Testing

When I talk about back testing, I’m not referring to the MT4 Strategy Tester, but moreso using a simulator to forward test a trading strategy. Sure, you could use a demo account but that could take weeks to get the desired results, especially if testing on a longer time frame. If you saw my hedging video at then you would have seen my preferred simulator tester in action. I am currently using the Soft4FX Forex Simulator which is the one you see in the video.

Disclaimer: Forex trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the information in this document will generate profits or ensure freedom from losses. Any trade examples used are hypothetical only and were prepared with the benefit of hindsight. No hypothetical trading record can completely account for the impact of financial risk in actual live trading.

Link do Vídeo