Need help backtesting
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Hi,
I'm pretty new at FX Dreema and Forex in general.
I played around with some EA's a bit and started with FX Dreema. No wondering if I should buy a subscription but if I can't backtest properly, it may not be much use.What I tried so far is:
- The standard MT4 strategy tester. Somehow my historical data only goes back 3 months voor the 5M timeframe for example. When I go to the historical data center under options and press download for the pair I want (EURUSD), it doesnt download extra data.
- changed number of saved/showed bars in the options to 999999 but doesnt help.
- I refreshed the specific 5M EURUSD chart and it gives met 76k bars but that still not very far back in history.
- Whenever I run EA's in the strategy tester, I get a quality of like 30% and only got 90% (I belive that is the max?) once.
- I tried downloading historical data from multiple free websites and I then retrieved a CSV file, but I couldn't implement/import this properly in the historical data center for that pair
My question:
I want to be able to backtest EA's minimal 1 year back. How do I do this effectively with a 90% accuracy (still not that high but might be an indication if it could work.) besides the way I descrived above? Also, are there other good ways to backtest EA's, besides the MT4 strategy tester? I'm very surpised I could.find a good web based platform to do this. Any help is appreciated!
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I forgot:
I also tried downloading historical data from multiple free websites and I then retrieved a CSV file, but I couldn't implement/import this properly in the historical data center for that pair
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This is mystery for me as well, the data in MT4 always have some problems. You can delete some files and folders where the data is stored, but who knows. Now I wonder whether the brokers will keep providing old data, because they stopped working on MT4 it I'm not wrong
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If you are new to forex, why bother learning the old MT4 when you can jump directly to MT5?
I know, there is still a great debate over which version is better overall, but it is a fact that backtesting is way better on MT5. -
I agree mt5 has a much much much better backtester. but yo cna download tick data suite 2 if you really want to test on mt4