this is a very simple way of multicurrency testing in mt4 send orders in current symbol as is, and store the others into csv-log, which then can be re-played in other special expert trading by this log.
In this video you can see how to backtest an indicator in the metatrader 4 mt4 platform. Such an expert advisor allows you to better assess the efficiency of trading using all your strategies.
How to backtest on metatrader 4 mt4 backtesting is very simple open the strategy tester in metatrader4 select the expert advisor to test from the drop down menu select the currency and time frame select the dates of start and end set the parameters for the expert advisor and from the expert properties and the start.
rightedge looks quite powerful but it doesnt support mql language and doesnt have interface to metatrader platform for trading. So any strategy or indicator should be ported to c only for testing. Im looking for some tool that can help in analyzing the performance of multicurrency strategies written for mt platform.
It may also prove useful in case only one expert advisor is allowed to work on a. Whilst the strategy tester in mt4 and mt5 is mainly set up to test indicator and ea strategies there is a way you can manually backtest a trading strategy that will allow you to practice on far more trades in a far smaller space.
A standard backtesting on metatrader 4 terminal using the data from the mt4 history center is usually good enough for expert advisors (ea) that are not scalping or pip hunting. However, if youre dealing with a scalping ea or any ea that closes trades within 1-15 pips, even the smallest price feed differences might have a very large impact on the results.
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