forex software

Testing and Trading Forex Strategies


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Binary Options Tester - User Guide

Binary Options Tester (BO Tester) is the world’s first back tester and generator for Binary Options Strategies. With BO Tester you can create Expert Advisors for both trading and signals for MetaTrader 4 in an easy and reliable way. You do not need to know any advanced programming languages since BO Tester is smart enough to do all the coding for you.

The core of the program is an advanced backtesting algorithm, similar to that in the MetaTrader's Strategy Tester, but much faster. The program is so fast, that it is able to create and backtest Binary Options Strategies automatically.

BO Tester consists of several core components:

Editor

The Editor helps you to create and edit Strategies by setting indicators and parameters. When you do it, the program calculates the Strategies against historical data, shows the most important stats and draws account and indicator charts. You can use this information to evaluate the Strategies and, if you are satisfied, you can export them as MQL files.

Generator

The Generator creates and tests trading Strategies automatically. The best generated Strategies are stored in the Collection. When you generate a Strategy, you can send it to the Editor for review and export.

Report

When you have a Strategy loaded in the Editor, you can go to Report to see extensive backtest results. The Report page contains also the full statistical information, charts and trade journal from the historical test.

Collection

When you create a Strategy manually or us the Generator, the program collects the profitable Strategies in a collection. You can filter and sort the collected Strategies and send them to the Editor for review or export.

Exporting Strategies as Expert Advisors and Signals

You can export your Strategies for use in MetaTrader as Expert Advisors. The exported experts contain all the necessary indicators included in the same file, which makes it very easy to use the experts in MT or to upload the files to a VPS.

You can confirm the proper work of the experts with a MetaTrader test and with a demo test on unknown data. If your tests are good, you can use your experts for real trading.

The idea of BO Tester is that an Expert Advisor with a good backtest and a corresponding forward demo test “may” bring a real profit.

Please be extremely careful when trade with real money and always consider your risks.

Please find more information for exporting MetaTrader Expert Advisors in the corresponding help section.