Backtesting Any Expert Adviser with 90% Modeling Quality
Platform : Metatrader 4
if you want to back test any expert adviser with 90% quality results backtest you need only to follow four steps that i explained below and you will get the same results i get ( a 90% percent modeling quality backtest ) .
step1 : Update Platform to latest version .
if your metatrader platform is not updated till latest version open your metatrader 4 platform and connect to the internet then let it updates it self to the latest version .
then delete any account number in this platform and never connect to the internet with it again .
step2 : cleaning Metatrader 4 Platform from old historical data .
before starting to download data for Metatrader 4 platform you need to delete old data to make sure there is no conflict between old and new data .
- open history folder in your MetaTrader 4 Installed directionit’s usually in the direction C:\Program Files\MetaTrader 4\history .
- you will see one or more folders each one with a unique name .
- open each folder and delete any files ends with .hst extension .
step3 : Download Historical Data from Metatrader Servers .
- Open Your Metatrader 4 Platform without connecting to the internet .
- from the toolbar choose tools —> History Center or just click F2 on the keyboard and a new window will open .
- if you followed step2 you must not see any historical data in this window if you can see any historical data you should back to step2 .
- click and choose any symbol you want to download historical data for from left side bar .
- double click on the symbol and the time frames will show up under symbol name click on chart 1 Minute then click on download button .
- you will see the download bar starting wait until it’s finished .
- after finish downloading all data you will see the historical data on the window .
- now close the window by clicking Close button and open chart 1 minute for the symbol you just downloaded it’s data .
Step4 : Create All Charts Data .
- in the Navigator Window ( left side bar ) open script files you will see script named as period_converter .
- double click on the script to load it on the 1 minute chart for the symbol .
- change script inputs to 5 and click ok to load the script on chart and wait until the script finish to convert data to 5 Minute chart.
- you can make sure all data is converted when you see message records written int Terminal Experts window .
- repeat this step to create all Time Frames by change script inputs to .
– 15 = 15 Minutes chart
– 30 = 30 Minutes chart
– 60 = 1 Hour chart
– 240 = 4 Hours chart
– 1440= Daily chart
– 10080 = Weekly chart
– 43200 = Monthly chart
after finishing to create last step close the MetaTrader 4 forex Platform and open it again and you will see all time frames data and now you can do back test any expert adviser with 90% Modeling Quality Results .