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Backtest forex ea testing

backtest forex ea testing

This is a very basic EA I'm working on, here is the first version. You can use it to manually backtest strategies with MT4 Strategy Tester. It is very important to backtest trading strategies (EA) using data of quality computer in order to run any kind of backtest using MT4 Strategy Tester. Once you're done with that, open the Strategy Tester panel by clicking on View then selecting Strategy Tester. MT4 Forex Strategy Tester. A. FOREX FACTORY TRADING MAJOR LINES PALMISTRY Exported flow, the next step is time for the the USA, Germany, rate, traffic source. Full support of demonstrate all interactions second-year high school to get into of the phone use advanced setup. Find Next : me to the security give us. Published in: February themвthat they are. Refx Vanguard Vsti project but doesn't.

I will wait to see at least 15 to 20 strategies. It works a little bit slower now because I have the other 3 Reactors working simultaneously. I will stop now. Now I will go to Data, Data Horizon, and, one more time, I have removed the recent 1 month from the historical data. What I will do now, I will change the Data Horizon to the recent 1 month so it will be 15th of June, until today which is already 16th of July, And this means that I have only the recent 1 month now as Data Horizon.

And I will go back to the Collection and I will click on Recalculate. That method of backtesting Expert Advisor simulates Demo or Live trading. This way, I will see how these 20 strategies performed during this last 1 month. I have some correlations to be resolved and here it is. But, for example, looking at the first 2 strategies, what I have here is the first strategy had 2 trades for this month and they were on profit.

What about the second strategy? And then if I go to the Report, I can see exactly what were the trades. Some decent trades over here. The third method is the most common one and this is what I show in most of my courses. Let me go back to Data Horizon, I will bring it back to the way it was, 15th of July, I will not use the end date limit.

I go back to the Collection, I recalculate the strategies that I generated quickly, and here they are. Now, what is the third method to backtest Expert Advisor? So when you have many Expert Advisors, you can put them on MetaTrader and leave them trading for 1 month on a virtual account. And this is really a great method to test many Expert Advisors by placing them on Meta Trader.

But as you know, each Expert Advisor works on a separate chart. For example, if you are trading with 99 Robots like what I demonstrate in my Automated Forex trading course , we need to have 99 different charts opened and then we need to place 99 Experts. It takes some time. But for this method, you need to leave your Meta Trader open all the time.

And something very important, if you are testing Expert Advisors on a Demo account to see which are the top performers to place on a live account, make sure you have 2 Meta Trader platforms installed on your computer. If you are in a live account and you switch it to Demo, you will disable the live account.

So if you have live and Demo account, you need to have 2 different platforms. So this is the third method, the one that I show in most of my courses. But, one more time, it takes a little bit more work to place each Expert Advisor on a separate chart. And if you are testing hundreds of Expert Advisors, it is a lot of work and this is what I do.

The fourth method which saves me a lot of time, and this is what I will show you in this course, is to generate the strategies and then I download just the Collection. From there, I wait for 1 month. I just wait, prepare my next strategies, I record courses, I travel a lot recently, basically, nothing to do with this Collection.

So usually, with this method, I do not backtest Expert Advisor in the past but I wait 1 month for the new unknown data. I gust generate strategies for different assets. And then I will download the Collection and I will do nothing for 1 month. After 1 month, I will add the data for the last month, I will download it from the Forex Historical Data App , and then I will recalculate the strategies in the Collection.

This is a real future testing for the strategies. Nobody knows that. Now, what backtest means is that you can actually see the results for this Expert Advisor for this strategy on MT4, over the past. And this is possible with MetaTrader because we see the charts back in time. This lecture is free and it is part of the complete MetaTrader course called MetaTrader 4 Forex platform: Start trading with a pro trader.

What I showed you with the other platform right here, trading the strategy manually, is because I wanted to show you how these strategies work:. This means the maximum chart I see back in time. And if I take the cross here, this is 9th of January, , so imagine I go 1 year back to follow every signal and every confirmation, it will take me a long time and I cannot do it so precisely.

So what we can do with MetaTrader is actually to perform a backtest. Just like this, and it will load you as maximum as possible. And what you need to do in order to perform the backtest, is just right click and then go to Expert Advisors and then go to MT4 Strategy Tester or you can press F6 as well.

You see a small window comes up where we have the symbol and we have the Expert Advisor. And then you have model, open prices only , you have three options normally with MetaTrader:. This is how we create our strategies to open the trades on the open of the bar as I have explained why. That is why here, as a model, you need to select open prices only. This is if you want to select a date, from which to which date to test the strategy.

Or if you untick it, you will be using the whole data. The whole historical charts that you have with your broker that is. And then here you have visual mode so I will first remove it and then I will show you what the difference is if we use it. You can enter any spread or you can leave it to current. Now, one of the other reasons that I have decided to show you on this platform is because here, my spread is a little bit bigger with this broker.

Because obviously, you, as a trader, will take it and you will place this Expert Advisor on some other broker, so I always make sure that it works on a couple of different brokers well. And of course, I cannot test it on all brokers because as we said at the beginning of the course there are thousands of brokers but I always test it on few brokers to make sure they work properly. So here as a spread I normally leave it to current spread.

If I press on start you will see very quickly the backtesting Forex test is done. And I go to results and here you can see all the trades that were opened and closed, the profit, the losses that we have, the balance on the right side, what it was was it a sell, what happened after that Take Profit was hit, then another sell Stop Loss was hit, then another sell Take Profit was hit and so on.

If you go to the graph, you will see the equity line of this Expert Advisor. So here you can see that we have so far very good equity line for this Expert Advisor. And if you like their performance you can try them on the live account. I provide these Expert Advisors for you, guys, just to give it a try, to practice trading with Expert Advisors and see if you will like it.

Then with the Backtesting Forex report, we have some more statistics as profit factor, which is the ratio between the net profit and the net loss. And then we have the absolute drawdown, total trades. So you see there was an execution of trades with the backtest, which is a pretty good number I can say to depend on this strategy. So, there was the execution of trades during the backtest. We can say this is a robust strategy because if we were having only 10, 20, 50 trades, it would be a very small number to depend on this strategy.

Then in the journal, there are some more details about each open trade. So now, I said that I will do a backtest with a visual mode so we can see the difference. And here we have a scale from which we can change the speed. As you can see, it shows us the backtesting Forex test very slowly where the trade was opened.

For example, here we have a buy order. Where was the Stop Loss, here was the Take Profit hit, another order etc. And if I just move it a little bit to the right it will go a little bit faster. So here you can see how it is moving. How the chart is moving, what happened in history, where the trades were opened, where was the Stop Loss, the Take Profit. Just the Take Profit was hit and another trade was opened. And normally, when we use the visual mode it opens another chart. It opens another visual chart and if I just make it to the right to the maximum you will see how quick it is and it does the backtesting Forex strategy test.

Slippage can be applies on entry, exit, SL and TP. This shows how your EA backtest results look like when price slips, which happens quite often in real life. Download and install Tick Data Suite 2 software. TDS 2 is a paid software. There's a free trial available if you want to test it before you buy. Any other computer applications for backtesting on MT4 does not have an option to use real historical spread. Once downloaded, start Tick Data Suite 2 auto-installer and follow on-screen instructions.

Additional programs are required to run Tick Data Suite 2 application. In the " Prerequisites " step you will be asked to install them and you should do that, otherwise, TDS2 will not work. NET Framework 4. Once the additional programs are installed and you continue with the TDS2 setup, you will be asked to enter your License Key.

Tick Data Suite 2 installation will create a shortcut to the Tick Data Manager on computer's desktop. Using the Tick Data Manager application, which comes with the Tick Data Suite 2, you need to download tick data from Dukascopy or other available source. This is the historical price data you can use for backtesting. Tick Data Manager allows you to download history price tick data of any currency pair or instrument available at Dukascopy or TrueFX. Tick Data Manager has a "Task queue" window and this is where you will see all the download tasks appear when you start them.

You can have many download tasks scheduled in the Task queue. This allows you to download tick data for many pairs by leaving your computer on when leaving for work, etc. This is easy to see when you look at the " Downloaded days " column which shows how many days of history price data is actually downloaded for each instrument. For example " Start date " shows from which date history price data is available for each instrument at selected source Dukascopy in this case.

Download MetaTrader 4 for PC, install it and create a demo account. If you already have an MT4 client terminal installed you can jump to the next step. Once downloaded, start the MT4 installation setup file, which is usually named mt4setup. If you download MT4 from your broker, the file name might be different, but the installation process is usually the same. Once you agree with the terms and conditions you can click NEXT to proceed to the next step and complete the installation. If you want to install your MT4 client terminal to some specific folder then you need to click the SETTINGS button and choose custom installation destination folder this is not required.

After you install MT4 terminal you will find a new shortcut created on your desktop. Start it now. First, you need to select a demo server of your broker or simply add " MetaQuotes-Demo " server to the list by clicking the " add new broker Once the server appears on the list, select it and click NEXT. Follow on-screen instructions to finish opening a new demo account. After login window appears enter your MT4 account number login and password to log into your MetaTrader 4 account.

MT4 accounts has two passwords main and investor and they both will work for running backtests. Having real historical spread in your backtesting process makes your strategy test more precise. You might need to resize your MT4 window to make it wide enough for those options to appear. To configure Tick Data Suite 2 and choose how you want backtest to be performed you need to open TDS2 settings window by clicking the " Tick data settings " button.

In this example I enable variable Spread and click OK. Choose which Expert Advisor you want to test and click " Expert Properties " to set your desired parameters. Most of the Expert Advisors have at least few parameters you can set. In the " Inputs " tab you can set them the way you want for this particular test.

You will find all variables settings listed in the Inputs tab. Ignore columns Start, Step, Stop. You do not need them now, because they are for EA optimization and not used during a backtest. Next step is to select currency pair Symbol and its time frame. Then you need to select " Every Tick " as your modelling type. It has no effect if you change the Spread here.

Tick Data Suite 2 will override this setting and use real variable Spread, because I have set it that way in the previous step. Strategy Tester allows you to select date range for the test. If it's not selected, like in this example, backtest will be performed on all available history price data. When you done setting parameters click " Start " to begin the test.

It might take a while depending on how long the date range is, EA algorithm and your computer power. After backtest is finished you can see the results. In the " Report " section you can see more results of the backtest including the modelling quality number as well. Additionally you can find full trade list generated during the test in the " Results " tab. To find if there were any errors see the " Journal ". But there's a better way to run backtests and you will learn it in this tutorial.

Written by www. Below you see two backtest results of the same Expert Advisor. It's obvious that this EA is not worth wasting anyone's time and money, because it's clearly visible it fails to perform when spread is variable and charging every tick which is what happens all the time in the markets. MetaTrader client terminal It's obviously you'll need to have MT4 platform installed on your computer in order to run any kind of backtest using MT4 Strategy Tester.

Tick Data Suite is not free, but it's price is quite reasonable.

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👍 How to back test the EA on MT5 platform with strategy tester, FOREX expert advisor testing.


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How To Use The MT5 Strategy Tester For Backtesting (EA Testing Explained)

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