If you are new to Forex, take a look at trading simulator, Metatrader 4 Traning Videos and Forex Books. Trading Automation can help in overcoming human factor in Forex trading, so it is very important. Along with back testing, Smart Forex Tester is able to execute tests on live market data (i.e. For the forward testing, the live data is streamed from Metatrader via a special Expert Advisor and the Forex Data Recorder tool.
We discuss Forex strategy testing essentials and explain our Forex Testing Methodology. We also suggest using price action patterns as test scenarios.
Moreover, trading automation can also considerably improve Forex strategy testing efficiency, because testing of automated trading strategies can also be automated.
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