How to prepare MT4 for backtesting/trading with some pair:
Forum on trading, automated trading systems and testing trading strategies
MT4 History data generation
Sergey Golubev, 2016.05.28 10:58
1. I open MT4.
2. Open USDJPY H1 chart (if I want to do something with this pair).
3. Go to Tools - History Center, find this pair and double mouse click on every pair's timeframe so
before double-mouse click on every timeframe there:
So, by this action - I downloaded the history for this pair to MT4.
4. Now I want to transfer this history to the chart (to trade, for backtesting, and so on).
So, I change timeframe for USDJPY chart to M1, right mouse click on any space of the chart and choose 'Refresh', and all history is loaded to the chart - and I can see it from the Journal about how many bars were loaded from my MT4 History Center to this chart:
Same with M5 timeframe (Refresh), same with M15 and so on up to MN.
After that only I will backtesting/trading or whatsoever anything with this pair (USDJPY in our example).
Just my experience
As to MT5 so we do not need to do anything related to above mention actions: the history is automatically loaded to the chart in case we are using Metatrader 5.
How to Start with Metatrader 5
Sergey Golubev, 2013.08.13 18:50
Good article, and for now - this article was translated to Chinese language (together with the iother 3 articles related to Job, Market etc) :
A Few Tips for First-Time Customers
Just really useful article (with video):
5-digit or 4-digit :
Trailer stop metatrader issue
Sergey Golubev, 2014.10.20 09:57
It depends on which broker: 4 digit (price) or 5 digit.
1.27631 - 1.27471 = 160 points or 16 pips
1.2763 - 1.2747 = 16 points or 16 pips
Just open the chart (EURUSD for example) to see: you have 4 digit price on the chart or 5 digit
points == pips?
Sergey Golubev, 2013.07.13 13:12
pips = points in case of 4 digit broker, and 1 pip = 10 points in case of 5 digit broker ... some people say that we will have 6 digit brokers soon :) who knows ...
Many traders are using pips (4 digit points) irrespective of how many digits are having the broker at the price.
Sergey Golubev, 2014.06.20 16:51
How to Develop Forex Trading Skills
Foreign exchange is the most liquid financial market because it involves
trading currencies on a global level. It includes individuals, banks,
corporations and governments, and is not solely for investment. News at
the national level directly impacts the currencies, and it takes some
time to develop Forex skills on the technical and fundamental level.
However, if you intend to trade in the Forex market, it is important to
gain a strong understanding of these skills. The amount of leverage used
in Forex trading can create large losses off one mistake.
Sergey Golubev, 2016.04.23 12:22
It may be good to read before buying/selling etc - The Rules:
1. Rules of Using the Market Service
2. Rules of Using the Signals Service
3. Rules of Using the Freelance Service
4. Virtual hosting in MetaTrader 4 and MetaTrader 5: How it works
JD4, 2015.07.03 20:12
I thought it would be helpful to have an easy to find spot to see what the rules are on this forum, because there has been some confusion with them before (from me for sure, possibly with other people as well).
(copied from https://www.mql5.com/en/about/rules)
Hopefully this helps everyone out.
I want for my first EA to be profitable. I understand that I do not understand anything ... especially - what is the condition to open the trade? My first EA's article (see previous post) is not explaining it ... I think - I will know about it later, no problem.
So, I need to optimize the settings for my first EA. I opened strategy tester in MT5 and selected the following:
- period for one year;- EURUSD, H4- Forward: No- Execution: Normal - every tick- Deposit: 1000- Optimization: fast generic based algorithm; Balance + max Sharpe RationAnd I pressed 'Start' buttom.
It took me almost 7 or 10 hours ... After optimizatrion was finished so I selected the best settings (using 'Optimization results' tab), double click on that, backtested with new settings. After that - I used 'Input' tab to save the settings onto my MT5 directory.
Your advice is very helpful. Thank you very much. I am learning greatly from your coach.
How to change my EA at MetaEditor in order to reflect the result of optimizing?
Is it done automatically?
question about security in metatrader
Sergey Golubev, 2016.05.31 14:23
MetaTrader 5 Help - Extended Authentication
The trading platform provides an
option of extended authentication using SSL certificates, which greatly
increases the safety of the system. The extended authentication can be
enabled on the server. When it is enabled, the standard authentication is still active. In any case, users need to enter their account details.
Sergey Golubev, 2013.01.11 14:36
Well ... the key article about MT5 ias this one (my opinion sorry):
MetaTrader 5 - More Than You Can Imagine! Do not look at the title of this article - seems - the title is promotional one.I am talking about content - content is really great and there are a lot of good links inside this article.So, basicly - I started with this one.Later on - I can describe about what I like, what I do not like, and what I do not understand sorry.Just for example - I really like this feature - moving sl/tp by mouse on the chart
I am trading almost in every day so it is what I like: stop loss/take profit may be moved by mouse as the lines on the chart.About programming - I personally was stucked with icustom ... you know that for MT4 - it may be really issue: if indicator was based on 3 other indicators and one of them is based on 2 others so ...
Sergey Golubev, 2016.04.27 07:21
You can :