How to configure a strategy to backtest

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LadyBug2
80
LadyBug2  

Hi all, 

I would like to backtest my strategy in MT4 but I don't know how to reconfigure the settings so that it searches for my criteria for entry and exit.  Anyone know of any videos or tips on how to configure backtesting in MT4?  Thanks for your time! 

Sergey Golubev
Moderator
106721
Sergey Golubev  
Keith Watford
Moderator
14475
Keith Watford  
LadyBug2:

Hi all, 

I would like to backtest my strategy in MT4 but I don't know how to reconfigure the settings so that it searches for my criteria for entry and exit.  Anyone know of any videos or tips on how to configure backtesting in MT4?  Thanks for your time! 


Backtest your strategy or backtest your EA?

LadyBug2
80
LadyBug2  
Keith Watford:

Backtest your strategy or backtest your EA?


Backtest my specific technique not an EA.  I have my own criteria for entry, targets, exits, etc. and want to be able to enter that into the tester so it can run a simulation for me. Is that possible?

LadyBug2
80
LadyBug2  

Thanks Sergey

Chunsheng Yang
177
Chunsheng Yang  
LadyBug2:

Hi all, 

I would like to backtest my strategy in MT4 but I don't know how to reconfigure the settings so that it searches for my criteria for entry and exit.  Anyone know of any videos or tips on how to configure backtesting in MT4?  Thanks for your time! 

It is better off  to back-test your specific technique through testing your EA (so comes the Unit-test...)  

MT4's Strategy Tester only provides several basic benchmarks (such as profit factor), whereas MT5's are far better.  Intuitively speaking, the smoother the equity curve (not the balance one), the better.   Statistically and financially speaking (and in professional finance/academic field), the Sharpe ratio, which only MT5 provides, for example,  is critical.  Below, for example, is the one of my EAs that passes aforementioned winnow-process.

Yang

email: [email address was deleted by moderator]

Intuitively

Stanislav Korotky
25181
Stanislav Korotky  
LadyBug2:

Backtest my specific technique not an EA.  I have my own criteria for entry, targets, exits, etc. and want to be able to enter that into the tester so it can run a simulation for me. Is that possible?

Please, provide an example of how you define your criteria. Indicators, objects, news or something else?

WilliamDoler
6
WilliamDoler  
LadyBug2:

Backtest my specific technique not an EA.  I have my own criteria for entry, targets, exits, etc. and want to be able to enter that into the tester so it can run a simulation for me. Is that possible?

I think that in order to help you we need a little more detail about your criteria.

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