Two Lines Indicator Tester
This EA is for technical traders only. If you rely on indicators for signals or confirmations, you should probably read this. Nononsense Forex followers will also find this indicator tester useful.
First, some common sense: Crappy indicators make losing technical strategies. Great indicators make money if optimised correctly.
The problem you will solve here
Testing your indicators in a reliable, consistent way is the cornerstone of a solid technical strategy. There are more than five thousands indicators on this website alone, how will you know which one are going to be profitable for you?
This indicator tester is created to make your back-testing results quick, reliable and consistent so that you can cherry-pick the best
indicators in minutes not days.
I used it myself to select 20 of the most reliable indicators and create my trend following the NNFX strategy. And it works wonders (thanks a lot, VP!).
What is a Two-Lines Indicator?
As you might have imagined by now, a Two-Lines Indicator is an indicator that draw two lines.
A pair of slow and fast moving averages can be considered a Two-Lines Indicator (see example image below).
A signal is given every time the lines cross each other and close in the opposite direction.
This EA is part of a mini-series of 3 testers:
· Zero-Crossing indicators tester (will publish soon)
· Two lines Crossing indicators tester
· Line-crossing price indicator tester (will publish soon)
What “Two-Lines Indicators Tester“ does for you
- Test and optimize indicators in minutes, not days
- Make your testing results reliable and consistent. This is very important
- Test any instrument including Forex, Metals, Oil, Indices, Bitcoin and Stocks
- Money management. Set your SL and TP according to ATR for perfect risk management
- Scale-out winning positions and let your winners run using a trailing SL for perfect trades management (optional)
- Use any percentage of risk automatically calculated to match your SL for perfect lot size and money management (optional)
- Test and optimize any indicator with up to 8 parameters including one “text” parameter
What do you get with “Two-Lines Indicators Tester!”
- Instant access to the user training material, for those who are just starting with MT4 and indicator testing
- A list of 1500 free indicators available on MQL5.com already sorted by category (Zero/Two lines/Price crossing) so you can start testing right away (this is another massive time saver)
- An excel template to test and report your indicators in a consistent and organised way
- Buying two testers will get you the third for free. Just get in contact with me after your second purchase
- You will be able to test indicators with up to 8 numerical inputs
- You will be able to test indicators with max one string (text) input
- As the EA is created to be used for back-testing renting or demo will not be available
DISCLAIMER: I don’t know VP and this is not an EA he endorsed. I just enjoyed myself using this tool to define my strategy and get
profitable according to the NNFX directions.
I did it and I’ll be happy to share my myfxbook link in private to prove how powerful this method is.
This is your chance to create your strategy based on hard data and solid technical analysis. Quick and reliable.
Will you be the 99% or will you step up your game? It’s up to you.
Go get it.