In this in-depth review, I’ll show you everything you need to know about Forex Tester, including:
- What it does
- How it works
- Standout features (like Mystery Mode and Historical Events)
- Pros, cons, and pricing
- And whether or not it’s worth it
Let’s dive in.
What Is Forex Tester?
Forex Tester is a professional-grade backtesting software built for Forex and crypto traders.
Unlike MetaTrader’s clunky strategy tester or TradingView’s replay mode, Forex Tester gives you full control over the market environment, historical data, execution, and analysis.
Here’s what makes it different:
- You can simulate years of trading in hours
- You can hide dates, symbols, and prices to eliminate bias
- You can test your system in chaotic periods like the 2008 crash
- You can even forward-jump to specific indicator conditions
In short, it’s designed to sharpen your edge.
My Experience With Forex Tester
I’ve personally used Forex Tester to stress test strategies, improve my entry precision, and better understand how price behaves in extreme conditions.
Here’s what stood out the most:
1. Mystery Mode (Blind Backtesting at Its Best)
Most traders think they’re testing properly.
But in reality, they’re trading with full hindsight bias — because they already know what happened next.
That’s why I love Forex Tester’s Mystery Mode.
It hides the chart’s price, date, and asset, so you’re forced to rely purely on price action and technicals.
This is the closest thing I’ve seen to true “blindfold” trading.
- No bias.
- No subconscious cheats.
- Just raw trading skill.
You can randomize everything and simulate a fresh chart every time, making it a perfect tool for honing real decision-making under pressure.
2. Stress Testing With Historical Market Events
Another killer feature is the “Jump To Historical Moment” button.
Want to test how your system would’ve handled:
- The 2008 Financial Crisis?
- The 2020 COVID crash?
- 2022’s Fed rate hike madness?
With Forex Tester, you can jump to any of those moments and trade them as if they’re happening in real-time.
Why this matters: Most strategies work in calm conditions.
But true robustness shows up when the market’s on fire.
I tested my system during the 2008 collapse, and let’s just say I made a few tweaks afterward.
3. Event-Based Fast Forwarding
Waiting around for signals is boring.
Forex Tester lets you fast forward to the exact moment when a technical condition is met, like two moving averages crossing.
For example, if you trade MA crossovers, you can skip directly to the next signal… no need to manually scroll or guess.
This makes it easy to:
- Skip dead price zones
- Focus only on setups
- Speed up your backtesting dramatically
4. Crypto Market Backtesting (Finally!)
Forex Tester has recently added a TON of new cryptocurrencies to its platform.
That includes:
- Bitcoin
- Ethereum
- Solana
- Cardano
- Polkadot
- And dozens more
So if you’re a crypto trader, this is a game-changer.
You can now test long-term and short-term strategies across various coins, with full replay, execution, and analysis tools.
5. Customizable Toolbars and Indicators
I’m a fan of minimal interfaces, and Forex Tester delivers.
You can create your own Favorites Bar that holds your most-used indicators, drawing tools, and analysis shortcuts.
It saves time. It reduces clutter. And it gives you more focus while testing.
From Fibonacci tools to trendlines to custom candles — everything’s snappy and easy to use.
6. Lightning-Fast Execution and Simulation
Forex Tester feels snappy.
Whether you’re placing an order, dragging your stop-loss, or switching timeframes, the entire platform is smooth and lag-free.
It honestly feels like trading on a high-end simulator.
Also, you can zoom in/out, change chart colors, customize backgrounds, and simulate multiple timeframes — without skipping a beat.
Forex Tester Pricing
Forex Tester has two main pricing options:
- Annual Subscription: ~$149/year
- Lifetime License: ~$299 one-time
For what it offers, I consider the pricing fair, especially when you factor in the potential cost of a blown account due to untested strategies.
Pros and Cons
Here’s a quick breakdown:
Pros:
- True blind backtesting (Mystery Mode)
- Historical events simulation
- Crypto market support
- Fast execution and UI
- Time-saving indicators and automation
- Great for manual and semi-manual strategy testing
Cons:
- No native mobile version
- Limited to historical data — not a live charting platform
- Doesn’t include automated strategy optimization (like MT4 EA testing)
Is Forex Tester Worth It?
If you’re serious about trading and want to build real confidence in your system, Forex Tester is 100% worth it.
It’s not just another simulator — it’s a real training ground that sharpens your technical edge, exposes your system’s flaws, and gives you an objective way to improve.
In fact, I’d argue this:
Every retail trader should be using Forex Tester before going live.
Because the truth is… if your system can’t survive the 2008 crash in a simulation, it probably won’t survive the next one either.
Final Verdict
Forex Tester is the most complete backtesting platform I’ve used, hands down.
Whether you’re just starting out or already trading live, this tool can save you time, money, and months of trial and error.
If you want to take your strategy development seriously, this is the way to do it.
