So the above was supposedly results from to but I can see from the results tab that it is only really the end of So to get around it I have been backtesting other years. These results are supposed to be 25th Sep 13 to Sep 14 but I can see that it has only placed trades up until 2nd Jan So really it is just three months of trades. Do you think it must be a problem in my EA? My honest opinion: I have built about a hundred moving average strategies, and all I can say that they never work Market is just too complex to predict with MAs.

Your system seems to just follow the chart of gbpusd, check the correlation between result and chart: chart.

Forex Tester 4: How Backtesting Strategies Saved my Trading Career

I have always used mt5 to build my EAs and have never had those problems with data missing from certain timeframes. I use FXCM and they only have maybe 2 months of data at a time, probably not even that. Unless you keep the software running and it gathers all the data. Forex backtesting software works best if you have a database of prices.

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Furthermore, having a full history of economic data events could also be built in. Such data is widely offered by many vendors. Typically, it will have the daily low, high, open and closing prices, along with various Forex data for additional backtesting. MTrading trading simulator, lets you enter the market and pending orders, set trailing stops, define the stop loss and target profit for orders once clicking on the price chart.

You can also save multiple order definitions in the form of templates; while also being able to close all open orders quickly.

2 thoughts on “Forex Tester 4: How Backtesting Strategies Saved my Trading Career”

Also, there are many more features that are not available as standard in MetaTrader 4. Using our strategy tester, we suggest using historical data for testing manual trading strategies.

This is how you do it on our trading and backtesting software. By selecting the expert advisor MTrading - Trading Simulator.

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If you are not sure on the testing model specifically, then select the Open Prices mode. We suggest selecting other settings if you have such experience. Then select your preferred time window, but make sure certain historical data also exists, and enable the visual mode. For the simulation to be more realistic about your goals and situation, select an initial account balance in the EA options to replicate your live account.

Top Backtesting Software for Testing Forex Strategies

This can be done by clicking the Expert Properties in the MT4 simulator window and clicking on the Testing tab. First, check to see if your backtesting results are matching with live results. This is easily accomplished by recording your live testing for a few days, better yet a week.

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Then backtest against the same data with the same settings. Compare the two and you will know.

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In our experience we have yet to find a software solution that has been sufficiently accurate when it comes to backtesting against historical forex data — and we have tried many. There is an exception, if your strategy does not use Intrabar criteria. To some this can appear to be cumbersome. Is it worth it, if it provides accurate results?