MetaTrader is a good FOREX charting software, but has its own drawbacks. Its strategy tester does not allow you to back-test your strategy manually meaning you have to create a piece of software called expert adviser in order to back-test your strategy. You have to be a programmer or you have to hire one if you wish to use MetaTrader’s strategy tester.
I use Strategy Tester for FOREX, that provides me with the best FOREX charts, and back-testing functionality. This software allows you to view historical forex data in form of japanese candle stick, bar and line charts. It also provides you with a fantastic FOREX strategy back-testing functionality that lets you simulate real-time trading on any interval of historical FOREX data.
If you use Strategy Tester for FOREX to back-test your strategy, you do not have to wait hours and days to see the outcome of your trades, just fast-forward and see the result immediately. Place another trade and fast-forward again.
You can download Strategy Tester for FOREX by clicking on the Download button below.
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