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Easy Order Entry Script for Forex Tester

Forex Tester candle bracket order entry
Forex Tester bracket entry
Easy Order Entry Script for Forex Tester - Image 3

$77.00

Bracket the current candle with a stop order entry, and stop loss exit. Speeds up the backtesting process.

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Category: Forex Tester Custom Scripts Tags: Easy Order Entry, Snapdragon Systems Products
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Description

Automatically Calculate Trade Lot Size By Percent Risk in Forex Tester

 

Backtesting is one of the best ways to test a discretionary trading strategy. It is also a fantastic way to practice your trading strategy and keep your skills sharp.

Forex Tester is one of the best ways that I know of to manually backtest.

But if I had to choose one major shortcoming in Forex Tester, it is the lack of an automatic lot size calculator.

You see, most traders that I know use fixed fractional risk. I usually don't risk more than 1% per trade.

But there hasn't been an easy way to automatically calculate lot size based on percent risk…

Until now.

Bracket Bar Entry

A common entry method is to place a stop loss below/above the current bar and an entry order on the opposite side.

For example, if you think that this is a good place to go long, you would put your stop loss below the current bar and an entry buy stop above the current bar.

Forex Tester bracket entry

This script makes it super easy to enter trades in this way. Setup the script, then simply hit the shortcut key on your keyboard. No more setting the stop loss and pending entry manually. The script does everything for you.

You can also setup a predetermined buffer between the candle and the entry level.

If you don't trade in this way, then you can simply use the Standard Entry method mentioned in the previous section. 

$77

Buy Now
(one-time purchase)

Risk Multiple Profit Target

This script also makes it easy for you to set fixed R profit targets. If you don't need this feature, then you don't have to take advantage of it.

But if you do use fixed risk multiple profit targets, this feature will literally cut your order entry time in half.

Here's what an automatic 5R profit target would look like.

This can also be a quick way to test different profit target levels, based on R multiple. For example, a 2R profit target might work well for you right now. But you may find that a 4R profit target improves your results dramatically.

You will never know unless you test it.

Luckily, this script makes it easy.

 

Frequently Asked Questions

Click the “+” symbol to see the answer to each question.

Can I pay with Cryptocurrency?
Yes! Simply select cryptocurrency as your payment type during checkout.
Is there a guarantee?
If you have any issue with the indicator, contact support and they will work with you for as long as it takes to get your issue resolved. If your issue cannot be solved, we are happy to provide a 30-day money back guarantee.
Will this work with my version of Forex Tester?
Yes, this indicator will work with all versions of Forex Tester.
How do I download the script after I purchase it?
After you purchase the indicator, you will be emailed instructions on to download the script.

$77

Buy Now
(one-time purchase)

 

 

More Information

Platform

For all versions of Forex Tester

Payment Options

Major Credit Cards, PayPal, Bitcoin or Bitcoin Cash

Payment Term

One-time payment, no recurring charges

Refund Policy

Downloadable software cannot be returned, so there are no refunds on this product. Please be sure that you have the correct product before purchasing.

Terms of Use

Although every effort has been made to create the best Forex Tester plugins on the market, we are not responsible for trading losses associated with the use of this indicator. By using this plugin, you automatically agree to our <a href="https://store.tradingheroes.com/terms/">terms of use</a>. No representation is being made that this plugin will guarantee profits, or not result in losses from trading.

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