Forex Software

Forex Market Hours Monitor – Active Trading Sessions Tracker

Forex Market Hours Monitor is a free software for tracking active Forex market sessions worldwide (London, New York, Sydney, Tokyo). This freeware can be used by all forex traders trading in any time zone.

Forex market is open 24 hours a day. It provides a great opportunity for traders to trade any time of the day or at night. However, although it seems to be not very important at the beginning, the right time to trade is one of the most crucial points to be successful in trading at the forex market.
So, when should one consider trading and why?

The best time to trade is when the market is the most active and therefore has the biggest volume of trades. More active currency moves will create a good chance to catch the trade and make some profit…

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ForexTester is a professional software simulator of Foreign Exchange Market (FOREX). Being a Forex Trading Training Software it is an excellent instrument for studying trading in a fast and convenient way, to gain and improve trading skills without risking real money.

As a trading simulator, it allows to make trades on history data, develop and test trading strategies. The speed of price updating is conveniently regulated, forward and backward options. The best for manual testing of trading ideas based on classical technical analysis. Provides trading statistics, etc. Includes popular indicators. Intuitive-friendly interface.

Saving your time, taking away the necessity to wait hours and even days in real-time conditions for situation to turn out, it will open your eyes on market behaviour. You will be more progressive and effective in day-to-day life style. Time saving and fresh mind environment are more suitable to develop and examine trading strategies and acquire necessary trading skills.

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1. Trading Platform – Often inherent in your broker’s Forex system, this software is an all-in-one solution. It gives the trader a wealth of information and basic tools, without a lot of guidance. Great for those who can trade without advice; a beginner might not know what to do with all of the information. With trading platform software, guesswork and luck may help the novice.
2. Signal Software – Inviting more involvement from the forex investor, signal software requires a certain degree of experience on your part. Signal software permits you to witness spread changes and make decisions based on those variances. I would not recommend this type of forex software for the beginner as it is better suited for the more advanced forex trader.
3. Charting Applications – Useful for trend analyses and predictions, forex-charting software is appropriate for the more experienced forex investor. Data streams and features generate alerts on buy and sell recommendations. Forex charting application software can be set up for automated transactions, hence, eliminating the need for human intervention. Newcomers beware – this type of forex software requires a great deal of foresight to be used properly.
4. Forex Trading Robot or Forex Robots – These computer based software programs use various levels of algorithms to predict or trigger buy and sell currency trading orders. Many currency traders prefer using forex robots because these programs are designed to eliminate psychological obstacles when trading currencies. It is important to note that there is no proven software that is designed to work without fault when currency trading. It is believed that large financial institutions have proprietary and advanced trading algorithms or ‘black box’ forex trading programs which they use for forex trading and keep these secret from their clients.

With forex software, the most important point I can emphasize is that your needs will change as your level of expertise grows. For example, I still use one of the original types of forex software I purchased years ago, but now I understand the complex tools and can take full advantage of the features. Additionally, I have more than one type of forex software in my collection because they all offer something unique.

Forex software is available in many forms: CDs, downloads, and interactive, Web-based programs. Whichever forex software you choose, make sure its credentials support its claims. Forex software needs to be more than functional. It must ultimately deliver the expected results you are anticipating!

Remember to read forex reviews and learn what others are saying about forex software before you buy.

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1.85 – Trading Strategy Tester for FOREX is a software simulator of the Foreign Exchange Market (Forex). It allows you to gain and improve trading skills without risking your money. It is an excellent instrument that will help you to: study trading in a fast and convenient way, save your money and time. You do not need to train in real time, waiting for days and weeks to test your long term strategies, Trading Strategy Tester for FOREX will pack this time in hours and minutes and the speed of testing can be adjusted. For small periods – like minutes – increasing time intervals will give you more time to think. You can stop testing at any moment. If you make a mistake, you can easily go back and test this situation again as many times as you want. And you can import an unlimited number of currencies and years of historical data. Trading Strategy Tester for FOREX allows you to test them simultaneously. The precise market simulator engine handles swaps, spreads, margins and other market parameters. You can see the results of testing as profit diagrams including: balance, margin, equity and drawdown. Statistics windows will help you to analize your strategy more deeply with additional parameters. The program includes many common indicators such as: Ishimoku, Relative Strength Index, MACD, Stochastic, Bollinger Bands and many or other. We constantly increase the number of available indicators. Trading Strategy Tester for FOREX has an open interface that allows you to create your own indicators and includes help with examples of how to create them. Also, Trading Strategy Tester for FOREX possesess very convenient drawing tools to paint on the charts. You can paint vertical, horizontal, trend lines, rays, poly lines and Fibonacci tools with different styles and colors. And you can edit, delete and clone painted shapes.

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Seer is an application for the building, backtesting and optimizing of stock, futures and forex trading systems. Seer is able to backtest and optimize multiple systems, with each system using a portfolio of symbols across multiple time frames using advanced position sizing.

Regardless of the complexity of your system rules or the number of symbols used, Seer performs backtesting in a single pass with account cash balances and position values available for each bar (even when a forex pair doesn’t contain the base currency). This allows you to build complex position sizing while managing your risk.

Seer supports a whole set of technical analysis indicators including a framework for building your own, using a simple but powerful scripting environment.

Seer also includes advanced order handling, with market, stop, limit and stoplimit orders all supported natively (backtesting and live). You can also place multiple orders per symbol, with implicit Time in Force (TIF) and implicit One Cancels All (OCA) options available.

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