To me, there is no use in using software that only has one year of data. Although that is what it said on the screen, there was actually only one year of data available for even common pairs like the EUR/USD.Ĭompare that to Forex Tester, which provides data all the way back to 2001 for all the pairs that they provide data for. When I dove into the configuration setup in Traders Gym, I found that the maximum testing time is 5 years and 20 days. Forex Tester provided a good amount of free, high-quality data from the beginning and that was one of the biggest selling points for me. This is where a lot of software packages fall short. As you probably know, you should test a system for as long as possible to figure out its robustness. Next, the most important thing to me is the amount of time that I can backtest.
It is comparable to the Forex Tester 2 report, so there is no real improvement there. It opens in a browser window and has the feel of a Metatrader report, but much less detailed. When you click on the Trading Report button, this is part of the report that you see.
The Bad Of Traders GymĪlright, all that stuff looks good, but does it stand up to real world use?įirst, let’s take a look at the reporting feature. I haven’t tried it yet, but if it works as well as the desktop version, that would be amazing. The Traders Gym capability is also available on mobile devices. SEE ALSO: The Best Trading Psychology Books of All-Time When you compare that to the Forex Tester interface, it looks dated and complex. It is easy to understand and you don’t have to hunt for the tools you are looking for.
I really like how they have stripped it down to only the essential elements. It is so much better than Metatrader on mobile. The iOS version is my go-to charting app on my iPhone. It is available for all major operating systems, including iOS, OSX, Android, Blackberry and Windows. So that is already a step in the right direction. Traders Gym is included in the standard installation of Trade Interceptor and is totally free. Can it make for Forex Tester’s shortcomings? The Good Of Traders Gym So now let’s see how Traders Gym stacks up.
I guess a few people use Android too, so there would need to be a version for those devices also. It would be great to be able to take my testing on the road and use it with iOS. I would love to get rid of my Windows XP installation with VMWare on my Mac and the only reason I keep it around is to use Forex Tester. Microsoft no longer makes relevant technology. Seriously, I don’t know many people who use Windows anymore.
So in this post, I’m going to put Trade Interceptor’s backtesting product, Traders Gym through it’s paces and see if it can compete with Forex Tester 2 as the premier manual backtesting software program. SEE ALSO: The Easiest Way to Automate Your Trading Strategy (without knowing programming)