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 [...]
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 [...]
Hot keys (accelerating keys) are keys and their combinations that allow you to execute various commands fast and without the use of menus or toolbars. Here is a lit of some very useful hot keys for the MT4 platform:
“” — chart scrolling to the left;
“” — chart scrolling to the right;
“” — fast [...]
MT4 Backtesting & Optimization
Here is a visual tutorial (aka HOWTO) on how to run optimizations and backtests with MetaTrader 4 (MT4). This is but one method of backtesting! There is another method that you can use but which involved downloading backtesting data NOT from your broker but from MetaQuotes (the makers of MetaTrader 4 – [...]
