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BACKTEST FOREXSTAY LIGHT EA

THE LAST SETTING FILE FOR FOREXSTAY LIGHT EA

16 YEARS BACKTEST FOR FOREXSTAY LIGHT EA (HTML)

16 YEARS BACKTEST FOR FOREXSTAY LIGHT EA (ZIP)

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Iíve received several comments from human traders asking how I am able to run back tests using expert advisors on the MT4 platform. It has come to my attention that newbie traders could appreciate a quick how-to on using the FOREXSTAY LIGHT EA Tester feature of MT4 so I decided to write a quick guide to help yíall get started.

First open the Strategy Tester panel by clicking on View then selecting Strategy Tester.

MT4 Forex Strategy Tester

A panel should magically appear on the bottom part of your MT4 platform. Choose the EA you installed from the Expert Advisor choices.

Forex EA Choices

Set the currency pair you want to run the back tests on and the appropriate period by clicking on the menu beside Symbol and Period. Specify the back testing period by setting your preferred dates and making sure the Use Date box is checked.

In this example, Iím running the back tests using GBP/USDís 15-minute time frame from January 1, 2014 to December 31, 2014. To ensure better modeling quality, select the Every Tick option for the model and select 10 for the spread.

Forex EA Example

You have to make sure that your price history data is complete to avoid mismatched chart errors on your trading log or have a modeling quality thatís lower than 90%. To do this, head over to the History Center under Tools or simply hit F2 on your keyboard.

From the pop-up window, double-click the currency pair youíll be running the back tests on and check if the time frame you selected is included in the database. If not, select the time frame and click the download button below.

MT4 Forex History Center

MT4 Forex History Center

MT4 Forex History Center

It is recommended that you include the 1-minute tick data for more accurate back test results, but this might take a lot of space in your hard drive and based on this robotís experience, it could lead some programs to crash. Donít say you havenít been warned!

Once the history data is complete, you are finally ready to run the back test. Just hit the Start button on the right-hand side of the panel and let the number-crunching commence!

After a few seconds or minutes (depending on your back testing period and the speed of your processor), you can be able to view the results through the Graph or Results tab at the bottom of the Strategy Tester panel. As I always mention though, make sure you take these numbers with a grain of salt as past performance is not always indicative of future results.

I hope this basic tutorial makes forex robots a little less intimidating for newbies out there!

 

 


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