A collection of indicators essential for discretionary traders that help with backtesting【Free & Paid】
If you trade using multi-timeframe analysis,"It would be nice if charts of different timeframes could be synchronized and scrolled together..."you probably have felt that, haven't you?
Five to ten years ago, the mainstream was to use backtesting-only software called "Forex Tester." Forex Tester’s selling point was that multi-timeframe chart scrolling could be synchronized by candlestick units, you could start from a point in the past and verify by predicting subsequent chart movements, but the price was expensive, above 10,000 yen. Moreover, it was not compatible with the original indicators you normally use in MT4, and you could not load charts unless there were indicators specifically made for Forex Tester.
However, a few years ago MT4’s performance improved, and it became easy to synchronize scrolling of multiple charts using indicators. Without using expensive software, you could perform chart verification and backtesting on the MT4 you normally use!
Therefore, this time I would like to introduce a collection of verification tools essential for backtesting and discretionary trading practice that can be obtained on GogoJungle.
Introductions are listed in order of price.
1. Inexpensive and chart-synchronization-focused indicator “Shift_Chart”
Shift_Chart is an indicator that can draw a vertical line on the chart with a single keystroke and uses that vertical line as a reference to synchronize scrolling across multiple charts.
- Applying to one chart can synchronize all charts (supports synchronization across multiple currency pairs)
- Can also synchronize only the same currency pair
- Keyboard assignment feature makes advancing the vertical line easy
It’s a lightweight and convenient tool focused on synchronizing the scrolling of multiple charts.
Moreover, it can be purchased for as little as 2,000 yen, so it’s a recommended tool for those who want to synchronize charts.
2,000 yen
MT4 Chart Verification Indicator【ShiftChart】
2. [Discretionary Backtest] Synchronize charts in multi-timeframes! [synchroMTF]
- You can choose the target chart to synchronize
- Can synchronize multiple currency pairs and multiple timeframes
- Step-by-step and auto-forward functions available
This is a chart synchronization tool with an auto-play function. It’s designed to push the right side (future) out of view to the right.
2,900 yen
【Discretionary Backtest】Synchronize charts in multi-timeframes! [synchroMTF]
▽ Trial version available! ▽
https://www.gogojungle.co.jp/tools/indicators/11239
3. Review Candle Chart
In addition to the vertical-line-driven multi-timeframe synchronization scrolling like Shift Chart, it also features the ability to go back to a certain point in the past and scrub forward by hiding the future beyond the reference line, similar to Forex Tester. You can vividly relive how things might unfold in the future using past charts.
- Place indicators on each chart you want to verify and synchronize
- Scrub, rewind, and auto-forward to verify charts beyond past points
- Synchronization is limited to the same currency pair
The indicator itself can be tested with full features for 10 minutes for free.
If you want to continue trial, you need to purchase a separate manual and license key.
Indicator itself (free trial available)
Manual & License key 3,600 yen
ReviewCandleChart for MT4 QuickGuide & License Key
3.2. “T-Note” A pseudo-trading tool that can be used with Review Candle Chart
A tool that enables pseudo-trading using Review Candle Chart.
You can conduct thorough testing while performing pseudo-trades. It would be great to practice discretionary trading together with Review Candle Chart.
Indicator itself (free trial available)
MT4 Indicator “T-Note” (Trading Note)
Manual & License Key 3,300 yen
MT4 Indicator “T-Note” QuickGuide & License Key
4. HT_Chart_Sync
MT4/MT5 Backtesting Chart Synchronization Program
A synchronization tool for multiple timeframes and multiple currency pairs with stepping and auto-forward features.
Notable for being usable on MT4 and MT5.
6,000 yen
Limited-feature free version
HT_Chart_Sync_Trial (Limited-feature version)
What’s more,
HT FX provides a free “Discretionary trading practice and backtesting tool for MT4 Strategy Tester,” so please take advantage of that as well!
（※Image attribution：HT FX (Comfortable trading on MT4/MT5)）
MT4 Strategy Tester discretionary trading practice/backtesting tool
5. SyncSyncSync
In addition to chart synchronization, it’s a high-function chart synchronization tool capable of synchronizing lines and objects across multiple charts!
Backtesting aside, it dramatically advances line trading and MTF analysis work.
✅ Horizontal line
✅ Trendline
✅ Angle-shaped trendline
✅ Arrow
✅ Label
✅ Text
✅ Vertical line
✅ Rectangle
✅ Triangle
✅ Standard deviation channel
✅ Parallel channel
✅ Cycle line
✅ Fibonacci
✅ Retracement
✅ Fibonacci channel
✅ Fibonacci expansion
✅ Fibonacci time zone
✅ Fibonacci arc
✅ Fibonacci fan
✅ Gann line
✅ Gann fan
✅ Gann grid
to synchronize. It cannot be synchronized without Sync3.
In addition to the above
✅ Line synchronization
✅ Object synchronization
Additionally,
✅ Scroll synchronization
✅ Time axis synchronization
✅ Crosshair synchronization
This enables synchronization beyond just objects.
Also,
✅ Time-axis color memory
is possible,
for example, lines drawn on the 1H timeframe can be red, lines drawn on the daily timeframe blue, etc., with colors remembered per timeframe and applied automatically.
This eliminates the need to remember which timeframe a line was drawn on, and even as lines increase, important lines drawn on the daily chart won't get buried, making analysis easier.
Besides color, line width and style are also remembered (some object types may not be supported).
※Copied from the sales page
Backtesting aside, the synchronization of objects and lines is recommended for people doing MTF analysis and line trading!
5,500 yen ＞＞ 4,999 yen (until 2019/10/31)
Trial version
SyncSyncSyncSample
How was it? GogoJungle offers many discretionary-trading verification tools, from simple and handy to feature-rich. Please use them as a shortcut to improving your trading.
Written by Tera GogoJungle Marketing.
