Trading Platforms & Software Reviews

Reviews on various online forex trading platforms and trading software and applications

Jul42015 by Editorial TeamNo Comments

Forex Trade Simulator – SphereTester Review

SphereTester is a unique and a new product that offers an enhanced visual trading experience for market simulation. SphereTester, in a nutshell offers a visual trading interface that is applied to the 'Strategy Tester' function from MT4. Instead of trading the live market environment, SphereTester makes it easy for traders to simply load up the Strategy Tester, add the SphereTester expert advisor and hit 'Run' Traders can Buy/Sell in the simulated trading environment. The SphereTester forex simulator works on the MT4 platform and requires traders to use the ‘Strategy Tester’ function in Visual Mode. SphereTester – Forex Simulator Features and Functions The SphereTester forex simulator comes packed with a lot of features, summarized as follows: Visual Testing Works on MT4 platfor

Aug92014 by Editorial TeamNo Comments

ForexFalcon – A profitable EA for trading fake-outs in forex

Trading Platforms & Software Reviews

ForexFalcon is a new automated trading software designed to work with MT4 trading platforms. The ForexFalcon Expert Advisor trades on a unique concept of trading fake outs. Live test results of this profitable EA has shown to make on average of 8% return on a monthly basis with a 16% draw down. Having a profit factor of 2.47, ForexFalcon EA trades the fake out patterns that occur regularly on the forex charts. Designed to work with 18 currency pairs (a mix of both majors and minor crosses), ForexFalcon’s EA performance test results on a live trading account over the past four months has shown consistent returns, making this a serious and a profitable EA for traders who are looking for automated trading solutions. ForexFalcon EA – How it works The ForexFalcon EA makes use of the Ma

Jun82014 by Editorial TeamNo Comments

Technical Screener – Forex & Stocks

Trading Platforms & Software Reviews

For traders who make use of a mechanical trading system, getting alerts at important technical events can determine the difference between staying glued to their computer screens to having time away from the screens yet being in control. MarketInOut is one such tremendously useful technical screening tool that enables traders to not just set alerts but also determine the effectiveness of their trading strategy. Take the example of a simple moving average crossover system. Traders can either check their charts every few hours or can set an alert using a technical screener such as MarketInOut that alerts them when such an event happens. Besides alerting the trader, MarketInOut can also help traders to scan across the many forex and stock pairs. MarketInOut - Technical Screener Introducti...

Oct172012 by Editorial TeamNo Comments

Forex Copier Review – MT4 Trade Duplicator

Trading Platforms & Software Reviews

Forex Copier is a handy tool for traders who want to duplicate their trades across different MT4 accounts. It is broker independent and also works on both demo and real accounts. In other words, you can use Forex Copier to duplicate trades from an MT4 Real Account with Forex Broker 'A' and copy the trades onto another MT4 Demo or Real Account with Forex Broker 'B'. Forex Copier is developed by the same team that have successfully developed the popular Forex Tester, back testing software. Why use a trade copier? There are many reasons why you would want to use a trade copier. For instance, you might be testing out a new forex signal service provider that sends the signals straight to your assigned MT4 account and after testing it out for a while, you want to duplicate these signals/trades...

Apr302012 by Editorial TeamNo Comments

Currenex Trading Platform

Trading Platforms & Software Reviews

The Currenex trading platform is an Electronic Communication Network (ECN) platform that provides level II pricing to forex traders. Developed by Currenex, there are two versions of the Currenex trading platform. The first is an institutional FX trading platform known as Currenex Classic. This platform was built for the exclusive use of the institutional players in the forex market. The second version of the Currenex platform is the Currenex Viking platform, built specifically for individual forex traders. Trading forex on Currenex trading platform is a lot more advanced in comparison to MetaTrader. Also the deposit requirements in order to trade on Currenex is significantly higher as compared to a MetaTrader account where the minimum deposit requirements can be as low as $5. Currenex, ...