In a previous post I talked about how to achieve 90% modeling quality in your backtests by using Alpari’s databank files. Well I have good news! You no longer have to go such great length to get 90% modeling quality.
The makers of the MetaTrader 4 platform, MetaQuotes Software Corp, have decided to provide a data feed for everyone to use. The process of downloading history data from MetaQuotes’ servers is very simple. Just follow these easy steps:
1) Open up whatever MT4 platform you use
2) Go to Tools –> History Center (or press F2)
3) Select the pair you wish to download history data for and press the “Download” button
It will warn you that you are download history data from MetaQuotes Software server instead of from your broker and that there will be differences between the data provided by MetaQuotes and your broker.
That should do it! I would still highly recommend that you dedicate one MT4 platform to backtesting only. That mens do not load up any charts on your platform. Just download the history data via the method I’ve outlined above and only use the strategy tester.