I have an EA
for Period 5 min but in the code I also use daily data like the daily 8
and 21 SMA. I want to backtest my EA but
since MT4 cannot backtest multitimeframe I need a workaround for this:
I have this daily SMA filter:
I need to rewrite so the daily 8 and 21 SMA is calculated from the 5 min chart. I've tried to
put in 2304 and 6048 instead of but it dosen't seem to work:
I also use this formula and need to rewrite so it
works with 5 min backtest:
Same with this,
find daily ATR:
I would really appreciate if somebody can help or give
me som hints.
hmm interesting. I'm new to programming but I just started using Molanis and on their website they write:
"Multi timeframe EAs CANNOT be backtested in MT4. It is
not possible. This ea will work fine but backtesting results are
misleading. MT4 can backtest one timeframe at a time. The only way to
backtest multi timeframe EAs is using MetaTrader 5" http://www.molanis.com/products/molanis-strategy-builder/expert-advisors-for-mt4
Why would they write this if its wrong?
I guess you know what youre talking about, but what is the trick to make it work? Do I need 99% modeling quality? I use 90
1. Why would they write this if its wrong?
1. you will have to ask them: first read this: Testing Features and Limits in MetaTrader 4
You only get 99% modelling quality using tick data and a 3rd party paid for application, and then 99 is just the number written to a file, it doesn't mean anything.
Perhaps they are talking about this:
"Zero bar of another timeframe for the same symbol under test is modeled approximately
Open = correct Open, Close = correct Close, Low = min (Open,Close), High = max (Open,Close), Volume = final Volume (false)"
it may be a problem if you use Indicators that re-paint . . . which you seem to be doing in your post above.
I have somehow the same issue with a little difference so I decided to comment here:
I wonder if I could use multi-time frame data for the same Symbol when I'm backtesting my EA. Not just generated OHLC, but its fully tick data!
I've purchased tick data(99%) but I don't know how can I test my EA on 2 different time frames at the same time since I'm Newbie...For example I want to open order whenever 4H and 1H candles both hit their Moving Averages.
Any advice is appreciated,