Is Metatrader Strategy Tester really that useless?

josephcom
88

Ever since I started seeing "30% History Quality" in my strategy Results tab (MT5), I've been searching for the reason/remedy. Now 11 days has past and I've still been unable to find a solution. I've set "Max bars in chart" to "Unlimited", I've "refreshed" the chart for like a million times, I've set different time frames (M1 ... Month), I've tried 6 different brokers, I've read tens (maybe hundreds) of posts talking about this same problem ... all in vein! I still have a "30% History Quality"! 

I am really surprised! Strategy Tester?! Is it really a joke or something?


P.S. I am using Metatrader "5" (and not "4") in which there is no "History Center"...

Jose Francisco Casado Fernandez
6703
Assuming that the question is about MT4, please, delete all the history files (.hst files), and then download the historical M1 data from the History Center (only M1) and use the Period Converter script to generate all the other Timeframes.  Regards.
josephcom
88
josephcom  
Jose Francisco Casado Fernandez:
Please, Delete all the history files (.hst files), and then download the historical M1 data from the History Center (only M1) and use the Period Converter script to generate all the other Timeframes.  Regards.
I am using Metatrader 5 in which there is no "History Center"...
Jose Francisco Casado Fernandez
6703
josephcom:
I am using Metatrader 5 in which there is no "History Center"...

In MT5 the necessary historical data is downloaded and automatically synchronized when you go to do a backtest. Logically, you depend on the quality of the data offered by the broker you are using.

However, you can also manually force the download of the data you want. To do this, right click on the symbol chosen in the Market Watch window, choose Symbols option, a window opens, and select the Bars or Ticks tab (as you wish), and there you can download the data, and you can also import the data from external sources, as well as create custom Symbols with them.



Regards.

josephcom
88
josephcom  
Jose Francisco Casado Fernandez:

In MT5 the necessary historical data is downloaded and automatically synchronized when you go to do a backtest. Logically, you depend on the quality of the data offered by the broker you are using.

However, you can also manually force the download of the data you want. To do this, right click on the symbol chosen in the Market Watch window, choose Symbols option, a window opens, and select the Bars or Ticks tab (as you wish), and there you can download the data, and you can also import the data from external sources, as well as create custom Symbols with them.



Regards.

Thank you for your reply. I'll do your suggestion right now and let you know in case anyone else cares. 
josephcom
88
josephcom  
Jose Francisco Casado Fernandez:

In MT5 the necessary historical data is downloaded and automatically synchronized when you go to do a backtest. Logically, you depend on the quality of the data offered by the broker you are using.

However, you can also manually force the download of the data you want. To do this, right click on the symbol chosen in the Market Watch window, choose Symbols option, a window opens, and select the Bars or Ticks tab (as you wish), and there you can download the data, and you can also import the data from external sources, as well as create custom Symbols with them.



Regards.

When I right click on a symbol in Market Watch window, there is no such thing as (Symbol) Options. These are all I have in the menu:

New Order
Chart Window
Tick Chart
Depth of Market
Options Board (always disabled)
Specifications
Popup Prices
Hide
Hide All
Show All
Symbols
Sets
Show Milliseconds
Auto Remove Expired
Auto Arrange
Grid
Columns

Maybe it's something to do with the fact that you have MT4, but mine is MT5
Jose Francisco Casado Fernandez
6703
josephcom:
When I right click on a symbol in Market Watch window, there is no such thing as (Symbol) Options. These are all I have in the menu:

New Order
Chart Window
Tick Chart
Depth of Market
Options Board (always disabled)
Specifications
Popup Prices
Hide
Hide All
Show All
Symbols
Sets
Show Milliseconds
Auto Remove Expired
Auto Arrange
Grid
Columns

Maybe it's something to do with the fact that you have MT4, but mine is MT5
alphatrading
110
alphatrading  
josephcom:

...I've tried 6 different brokers, I've read tens (maybe hundreds) of posts talking about this same problem ... all in vein! I still have a "30% History Quality"...

No, it is not that bad and you already found the solution. It is contained in your post scriptum.

josephcom
88
josephcom  
Jose Francisco Casado Fernandez:
Thank you for your guidance. I did what you told me for the past 2 months and I did it for every possible timeframe that exists in the Symbol window (from M1 to Monthly). Also I did it for "Ticks" tab too.

History Quality is now 29%!!! 
Files:
josephcom
88
josephcom  
alphatrading:

No, it is not that bad and you already found the solution. It is contained in your post scriptum.

I've already found the solution?! What is it? My History Quality is still 29% and you're telling me I have the solution? No, I don't.

... and don't take me wrong. I am still very fond of Metatrader and I really like it. I am talking about its Strategy Tester only...
Jose Francisco Casado Fernandez
6703
josephcom:
Thank you for your guidance. I did what you told me for the past 2 months and I did it for every possible timeframe that exists in the Symbol window (from M1 to Monthly). Also I did it for "Ticks" tab too.

History Quality is now 29%!!! 

Have you tried using the "every tick" mode in the Strategy Tester ?? If the answer is "Yes", then change your broker or import your own historical data from external sources. For example in Alpari I get a quality between 89% and 100% depending on the selected period:




It also depends on the Symbol.  Regards.