SphereTester is the first forex simulator that has a built-in economic calendar. It can display news and their actual, forecasted and previous values for any period of time starting from 2006 for any major currency or economic event. This unique solutions ensures that you can factor in the different news events and their impact in your trading strategies easier than ever before and gain a better understanding of how these events affect the movements of any currency pair or instrument.
Expected impact of a future news event is expressed by the colour of the event (red meaning high, orange medium and green low impact, historical news are marked gray for better readability, actual values for economic events are displayed for historical events only to emulate a live trading experience. Broker GMT Offset and the number of historical/future news can be easily adjusted at any time during a test.
The events in the calendar are updated real-time according to the time period of your test, just as they happened in real life and news data is automatically updated on a weekly basis, no need for manual intervention or importing files.
Multi Timeframe support
SphereTester natively supports multi timeframe backtesting. This means that you are not limited to one timeframe only in your testing, you can generate any timeframe that is needed for your strategy. Watch the video below or read more in the User Guide!
Drag&Drop Pending Orders
Placing a pending order is not as straightforward as many would think. These orders are usually opened after careful analysis of the current trend, support and resistance levels. SphereTester provides an easy to use drag and drop method for opening such orders, simply move the arrow symbol (green for long, red for short orders) close to the right Y axis of your chart and a line will appear. Simply move the arrow to the price at which your pending order should be opened and release it, the pending order will be opened at the next incoming tick.
Speed Control and Pause
Yes, it is finally there! If you have used the Strategy Tester in visual mode before you have surely noticed that using speed 32 is way too fast but 31 is not fast enough. With SphereTester those times are over!
Simply start your testing on the fastest speed (32), minimise the Strategy Tester (Ctrl+R) and regulate the speed of your backtest directly from the chart. Our unique algorithm ensures that the transition between different speeds is smoother and better than the original speed handling in MetaTrader 4. Need more time to do your analysis? No problem, there is a pause button available on the chart as well, enjoy!
Currently SphereTester has three operational panels: the main panel for opening orders, the order management panel and the economic news panel. These displays float over the chart and can be moved anywhere by holding down the blue button in the top left corner of each display. If you require all space on your chart simply hide the panels by using the buttons (Hide News/Hide Trades) on the main panel or by clicking on the red X button in the top right corner of each display.
We regularly push out updates that include performance improvements, new features, adjustments according to the MT4 framework updates and eventually bugfixes. These updates are rolled out automatically to ensure that you always have the latest and most up to date version in use.Whenever a new update is released and SphereTester updates itself you will see a notification on the screen with the details of the update and instructions on how to proceed (terminal restart might be required).
On Screen Order Management
Once you are in position and have several trades open it can be a hard task to manage them all. SphereTester has an on screen display with all the details and functions you ever require to manage your trades. Close market orders or delete pending transactions modify/delete stoploss and takeprofit levels, partial close, set takeprofit to breakeven, you name it, it’s there.