Alan’s Forex Blog

Hi everyone. Today’s post is sort of an educational informational tidbit for all you MT4 junkies out there. One of the somewhat obscure questions I see on various forum is by what formula is the modeling quality calculated by the MT4 backtester. I’ve got the answer, and here it is:
ModellingQuality = ((0.25*(StartGen-StartBar) + [...]

Greetings everyone!
In today’s post I’m going to show you how you can get 99% modeling quality when backtesting using MT4’s “Strategy Tester.” If you’re a MT4 backtesting veteran you no doubt know that using regular M1 historic data the highest modeling quality you can get is 90%, but what you may or may not know [...]

Hi everyone. I hope you’re all managing to make pips in this rough market. I’ve been rather busy lately so I haven’t had much time to update this blog. Among other things I’ve been rather busy working on and backtesting expert advisors (forex robots for the uninitiated.) I’ve been struggling to get my MT4 modeling [...]

Okay, so you’ve set up your history data and completed your backtest using Metatrader Strategy Tester. Now let’s look at the results.
There are four tabs to look through: Report, Graph, Results, and Journal
Report:
This is the meat of the backtest. All the statistics of the backtest are displayed here.

• Bars In Test – Displays [...]

Metatrader’s Strategy Tester allows you to optimize your expert advisor to find the most profitable settings for the multitude of possible input variable combinations. You can optimize an expert advisor on a specific chart for a specific time period to find out which input values produced the highest returns and lowest drawdown.
However, it is important [...]

So you’ve just gotten your hands on a hot new expert advisor and you need to know if this thing is really going to work. It’s time to get your hands dirty and start testing. There are two types of testing you should do: forward testing and backtesting.
But first, make sure you have high quality [...]

Setting up Metatrader 4 for backtesting can be a tricky, time consuming, and a little frustrating if you aren’t entirely sure you have it all working properly. This article will guide you through the entire process from obtaining high quality minute history data to installing a separate backtesting account to importing and converting the tick [...]

MetaTrader4 User Guide:
This is a LONG post so be prepared to do a LOT of scrolling (hope you have a wheel mouse.) If you do not feel like reading this whole blog post through and would instead prefer an offline version of this guide please see this link.
Here is a picture of what the MT4 [...]