Optimization: Choose the algorithm type you want to use. There are different ways that you can optimize your EA by having MT5 run through a series of values for each of your settings until it finds the best setting. Select the inputs you would like to optimize on the Inputs tab. You can read more about optimization here. Use the slider to increase or decrease the speed of the test. This will allow you to watch your trades and see if your EA is working as you expected. The best way to see the progress of your backtest is to flip to the Graph tab.
That will allow you to see live update of your equity and account balance. Review Your Results Once your test has completed, it's time to review your results. Go to the Backtest tab to see the stats on your test. If you have an idea for a trading system or EA, you can also create your own EAs. How to Find a MT5 Programmer The good news is that you don't have to learn programming…if you don't want to.
You simply have to explain your strategy to a programmer and have them create the EA for you. I created a list of Forex programmers here. Talk to them and see if any of them are a good fit. Be sure to read the guide in the beginning to find the best programmer for you. The best way to learn programming is to choose a simple project, then learn through trial and error. For example, you could start off by programming a simple EA that opens a long trade when price closes above a moving average and closes the trade when price closes below the moving average.
It also helps to find free code on the internet, study how it works and make simple changes to the code. You might have to spend a couple of weeks learning how to code, but it can really pay off. When you can code for yourself, you can test trading ideas, without paying for a developer to create the EA for you. What that means is that the Generator will use the data except for the last 1 month. And if I go back to the Reactor, I will remove these strategies that I have generated previously.
And you can see the 15th of July, until the 12th of June, The Reactor Probably the 13th and the 14th of June are over the weekend. This is why I have set the 15th but it starts from 12th. So I have removed from the historical data the recent 1 month. And I already have some strategies for the Collection.
I remove the recent 1 month from the historical data I will wait to see at least 15 to 20 strategies. It works a little bit slower now because I have the other 3 Reactors working simultaneously. I will stop now. Now I will go to Data, Data Horizon, and, one more time, I have removed the recent 1 month from the historical data. What I will do now, I will change the Data Horizon to the recent 1 month so it will be 15th of June, until today which is already 16th of July, And this means that I have only the recent 1 month now as Data Horizon.
And I will go back to the Collection and I will click on Recalculate. That method of backtesting Expert Advisor simulates Demo or Live trading. The Collection This way, I will see how these 20 strategies performed during this last 1 month. I have some correlations to be resolved and here it is. But, for example, looking at the first 2 strategies, what I have here is the first strategy had 2 trades for this month and they were on profit. What about the second strategy? Better to have a few positive trades It had 9 trades during the month.
The second strategy And then if I go to the Report, I can see exactly what were the trades. Some decent trades over here. Just remove the recent 1 month, and then recalculate the strategies for this 1 month. The 3rd Method to Backtest Expert Advisor The third method is the most common one and this is what I show in most of my courses.
Let me go back to Data Horizon, I will bring it back to the way it was, 15th of July, I will not use the end date limit. I go back to the Collection, I recalculate the strategies that I generated quickly, and here they are. Now, what is the third method to backtest Expert Advisor? So when you have many Expert Advisors, you can put them on MetaTrader and leave them trading for 1 month on a virtual account. Have 2 MetaTrader platforms installed on your computer And this is really a great method to test many Expert Advisors by placing them on Meta Trader.
But as you know, each Expert Advisor works on a separate chart. For example, if you are trading with 99 Robots like what I demonstrate in my Automated Forex trading course , we need to have 99 different charts opened and then we need to place 99 Experts. It takes some time. But for this method, you need to leave your Meta Trader open all the time. And something very important, if you are testing Expert Advisors on a Demo account to see which are the top performers to place on a live account, make sure you have 2 Meta Trader platforms installed on your computer.
If you are in a live account and you switch it to Demo, you will disable the live account. So if you have live and Demo account, you need to have 2 different platforms. So this is the third method, the one that I show in most of my courses.
Backtesting Expert Advisors might be a lot of work But, one more time, it takes a little bit more work to place each Expert Advisor on a separate chart. And if you are testing hundreds of Expert Advisors, it is a lot of work and this is what I do. The fourth method which saves me a lot of time, and this is what I will show you in this course, is to generate the strategies and then I download just the Collection.
From there, I wait for 1 month. I just wait, prepare my next strategies, I record courses, I travel a lot recently, basically, nothing to do with this Collection. So usually, with this method, I do not backtest Expert Advisor in the past but I wait 1 month for the new unknown data. I gust generate strategies for different assets. And then I will download the Collection and I will do nothing for 1 month.
After 1 month, I will add the data for the last month, I will download it from the Forex Historical Data App , and then I will recalculate the strategies in the Collection. This is a real future testing for the strategies. Nobody knows that. Now, what backtest means is that you can actually see the results for this Expert Advisor for this strategy on MT4, over the past. And this is possible with MetaTrader because we see the charts back in time.
This lecture is free and it is part of the complete MetaTrader course called MetaTrader 4 Forex platform: Start trading with a pro trader What I showed you with the other platform right here, trading the strategy manually, is because I wanted to show you how these strategies work: where exactly is the entry, where exactly is the exit, the Stop Loss, the Take Profit etc.
This means the maximum chart I see back in time. MetaTrader platform and the Historical data And if I take the cross here, this is 9th of January, , so imagine I go 1 year back to follow every signal and every confirmation, it will take me a long time and I cannot do it so precisely.
So what we can do with MetaTrader is actually to perform a backtest. What do we see when Backtesting Forex EAs: entries for the trades the exact time the orders were executed trades that we were having with the strategy, for all of the historical data. We say this is historical data. The chart back in time. Just like this, and it will load you as maximum as possible.
And what you need to do in order to perform the backtest, is just right click and then go to Expert Advisors and then go to MT4 Strategy Tester or you can press F6 as well. You see a small window comes up where we have the symbol and we have the Expert Advisor. This is how we create our strategies to open the trades on the open of the bar as I have explained why. That is why here, as a model, you need to select open prices only.
This is if you want to select a date, from which to which date to test the strategy. Or if you untick it, you will be using the whole data. The whole historical charts that you have with your broker that is. And then here you have visual mode so I will first remove it and then I will show you what the difference is if we use it. You can enter any spread or you can leave it to current.
Now, one of the other reasons that I have decided to show you on this platform is because here, my spread is a little bit bigger with this broker. Because obviously, you, as a trader, will take it and you will place this Expert Advisor on some other broker, so I always make sure that it works on a couple of different brokers well. And of course, I cannot test it on all brokers because as we said at the beginning of the course there are thousands of brokers but I always test it on few brokers to make sure they work properly.
So here as a spread I normally leave it to current spread. If I press on start you will see very quickly the backtesting Forex test is done. And I go to results and here you can see all the trades that were opened and closed, the profit, the losses that we have, the balance on the right side, what it was was it a sell, what happened after that Take Profit was hit, then another sell Stop Loss was hit, then another sell Take Profit was hit and so on. If you go to the graph, you will see the equity line of this Expert Advisor.
So here you can see that we have so far very good equity line for this Expert Advisor. Use a Demo account first. And if you like their performance you can try them on the live account. The Equity Line for the Expert Advisor. The purpose of the lecture is just educational I provide these Expert Advisors for you, guys, just to give it a try, to practice trading with Expert Advisors and see if you will like it. Then with the Backtesting Forex report, we have some more statistics as profit factor, which is the ratio between the net profit and the net loss.
And then we have the absolute drawdown, total trades. So you see there was an execution of trades with the backtest, which is a pretty good number I can say to depend on this strategy. So, there was the execution of trades during the backtest. We can say this is a robust strategy because if we were having only 10, 20, 50 trades, it would be a very small number to depend on this strategy. Then in the journal, there are some more details about each open trade.
Backtesting Expert Advisor in visual mode So now, I said that I will do a backtest with a visual mode so we can see the difference.
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We need to understand first the internal structure of the ex4 file. And, based on the knowledge of interfaces, somehow try to develop a ex4 runtime environments emulator software. If you are aware of any relevant expert advisor test projects, or have some ideas how to implement such software, please share them with us! It is designed as the ultimate tool for building and testing Forex trading strategies. It will have an EA test module as well.
As first priority, for the EA available as a source code. The tool will also provide the option of using the tested strategies as is for real trading. For that, another interface to MetaTrader will be implemented. Basically, we will have a proxy Expert Advisor that will translate the order handling commands from our software to the MetaTrader server.
Leave a Reply Your email address will not be published. However, due to overall popularity of Expert Advisors, we also provided in our software a partial support to the strategies as EA — on the source code level. There are language changes and trading functions replacement. First of all, you need to load the EA source code into our Tester and compile it. You need to fix that by making small changes in the syntax.
Next, we need to replace the market data and trading functions, like onTick or orderSend , with the corresponding interfaces to the Tester engine that are available to the trading strategy. Programming environment is needed to give more power to the users to define their strategy.
You can check out our tester here.
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