Formiq vs MyBacktest
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Formiq
Test your forex trading strategies on historical charts before risking real money. Practice entries, track trades, and analyze performance metrics to build confidence and refine your approach.
- Replay historical forex charts
- Practice trade entries
- Record and track trades
- Analyze win rate and P&L
- Test indicators
- Simulate position sizing
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Ever wonder if your trading strategy actually works — before risking real money? Formiq lets you test your forex strategy on historical charts, so you can build confidence before you ever place a live trade. What you can do with Formiq - Replay historical forex charts and practice entries - Record and track your trades automatically - See your win rate, risk/reward, and P&L at a glance - Test indicators and find what actually works for you - Simulate position sizing and money management - Sharpen your discretionary trading skills Who is Formiq for? - Traders who want to validate a strategy before going live - Anyone tired of losing money testing ideas on a real account - Traders looking to build consistent habits through repetition - Beginners who want to learn price action without the pressure Formiq Unlimited The core features are free to try. Upgrade to Formiq Unlimited to unlock everything with no restrictions. Stop guessing. Start testing. The more you practice, the more patterns you recognize — and the more confident you trade! Terms of Service https://formiq.jp/terms
MyBacktest
Practice and verify your FX and gold trading strategies using historical charts. This tool allows for rapid simulation of trading scenarios, analysis of past performance, and automated generation of trading records to improve decision-making skills.
- Backtest trading strategies on historical FX and gold charts
- Simulate trades with real-time tension
- Jump to specific trading scenarios with 'Warp Verification'
- Automated strategy performance analysis
- One-tap export of trading records with chart images
- Advanced analysis tools including parameter optimization
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"Ten more backtests and I wouldn't have hesitated on that entry." MyBacktest is a dedicated tool for testing and practicing forex and gold trading strategies on historical charts. Get a year of screen time in a weekend. REPLAY - practice without waiting Step through past charts one candle at a time and place trades on the spot. You never see the right side of the chart, so every decision feels like the real thing. - Market, limit and stop orders, SL/TP, partial close, move to break-even - Position size from risk %, with R-multiple and holding time recorded automatically - Up to 4 split charts for multi-timeframe context - 58 indicators and oscillators, drawing tools WARP - jump straight to the setups "Today I'll practice 50 pullback entries." Combine 37 conditions (MA touch, breakouts, round numbers, economic events and more) and jump directly to each spot where they occur. No more scrolling through charts looking for setups. AUTO BACKTEST - a verdict in minutes Define entry conditions and exit rules, then run. Every signal in the period is simulated at 1-minute fill precision with measured spreads, and win rate, expectancy, max drawdown and the equity curve are compiled automatically. Hypothetical results based on past data; they do not indicate future performance. SCALP MODE - train second by second (new in 2.0) Real-tick playback, one-tap trading, second charts (S5/S15/S30) and a scalp-specific auto backtest. EA EXPORT - turn tested rules into code (new in 2.0) Generate MT4 / MT5 Expert Advisor code from your conditions and exits. Agreement with the app's backtest was measured in live tester runs (MT5 91%, MT4 99% on identical data). Results on other platforms or data are not guaranteed. ANALYSIS HUB - is the result real? (new in 2.0) 20+ tools to question a strategy: loss diagnosis, edge scanner, stress gauntlet, walk-forward, Monte Carlo, spread stress test, similar-pattern search, parameter optimizer, EA Doctor (import MT4/MT5 tester reports), and more. JOURNAL EXPORT One tap generates a PNG/PDF trade journal with chart images. DATA Historical prices are downloaded directly to your device (free plan: last 3 months, all 24 pairs). The first download runs automatically during the guide; after that you can practice offline. PLANS - Free: replay practice plus trials of Warp and Auto Backtest - Light (monthly): full Warp, full price history, journal export - Standard (monthly): full Auto Backtest, scalp mode with real ticks, advanced analytics - Pro (monthly): parameter optimizer, analysis hub, EA export Subscriptions renew automatically unless cancelled at least 24 hours before the end of the period. Manage or cancel in your device settings. IMPORTANT MyBacktest is a study and practice tool. It does not place real trades, connect to a broker, or provide investment advice or signals. All results are hypothetical, based on past data, and do not guarantee future performance. Trading decisions are your own responsibility. Terms of Use (EULA): https://legal.mybacktest.app/terms/ (Japanese) Privacy Policy: https://legal.mybacktest.app/privacy/ (Japanese)
Screenshots
Verdict
The clearest difference is device support: MyBacktest at 3 against Formiq's 1. MyBacktest also leads on iOS requirement (15.0 vs 17.0). On price, update cadence, ads and in-app purchases there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Formiq sells 2 in-app purchases, starting at $19.99 per month and MyBacktest sells 3 in-app purchases, starting at $9.99 per month. Whichever you choose, the download price is not the number that matters.
Formiq ships an update every 5 days, MyBacktest every 10 days. The most recent releases landed on October 9, 2026 and October 8, 2026 respectively.
| Parameter | Formiq | MyBacktest |
|---|---|---|
| Price | Free | Free |
| Rating | 5.0 (2 ratings) — better | — |
| Positive reviews | — | 80.0% of reviews |
| Number of ratings | 2 — better | — |
| Update frequency | Every 5 days — better | Every 10 days |
| Ads | No | No |
| In-app purchases | Yes | Yes |
| Monetization | Freemium | Freemium |
| Devices | iPhone | iPhone, iPad, iPod — better |
| Requires iOS | 17.0 | 15.0 — better |
| Further details — not scored | ||
| Size | 57 MB | 32 MB |
| Age rating | 4+ | 4+ |
| Developer | 株式会社オポチュニティ | HITOMI NIIHARA |
Customer experience
Formiq
MyBacktest
In-app purchases
Formiq
- Formiq Unlimited Monthly$19.991 Month
- Formiq Unlimited Monthly$179.991 Year
MyBacktest
- ライトプラン$9.991 Month
- スタンダードプラン$29.991 Month
- プロプラン$39.991 Month








