Backtest MetaTrader EXPLAINED: How to Backtest on MetaTrader
Backtest MetaTrader EXPLAINED: How to Backtest on MetaTrader is a part of Forex Strategy Course + 12 EAs I Trade Live. Enroll in the course here: https://eaforexacademy.com/courses/algorithmic-trading/forex-strategy-course/.
In this video - Backtest MetaTrader, I will show you how you can backtest an Expert Advisor. Actually, it is essential to backtest an Expert Advisor before trading with it.
You need to know how to backtest MetaTrader exactly, depending on how the Expert Advisor works.
As I've said, these Expert Advisors work on the opening of the bar. So this is the option we will be using.
Now, if you want to backtest MetaTrader an Expert Advisor, you need to click over the chart, go to Expert Advisors and go to Strategy Tester.
A new window will pop up below, and usually, everything is fulfilled automatically. You can see this is the Expert Advisor.
This is the currency pair, and the model is open prices only because these Expert Advisors open trades on the opening of the bar. So they use the open price.
And if I click over it, you will see that we have every tick, the most precise method, it says, but there is no tick data in MetaTrader. So it's a kind of an illusion here that we actually don't have big data, but there is such an option.
We have control points, and we have on the bottom the open prices only, which says the fastest method, and you will actually see how fast it works.
On the right side is the period, the spread. And all you need to do then is just click on start, and you see it happens for less than a second.
And if I go to results, I will just make it bigger. You will see that I see every single trade where it was opened, where it was closed, how the balance line went and how many trades basically I had.
And if I go to a graph, this is the more interesting thing you can see how the equity line went with the strategy. It is on profit, and we have as well report where we see some statistics.
But this is really not enough what we see as statistic.
We have consecutive wins, consecutive profit. And what's interesting here, we have consecutive losses as well. We have the maximal drawdown, which is 1.71%, pretty good. But for me, that is not enough.
And in the next lecture, I will show you what is the difference if we make a backtest with EA Studio strategy builder.
For more information, watch the whole video - Backtest MetaTrader EXPLAINED: How to Backtest on MetaTrader.
The course is included in our Packages:
https://eaforexacademy.com/packages/trading-software/
The Expert Advisors in the course are created with the following program:
★ Forex Strategy Builder Pro - 2 weeks trial:
https://eaforexacademy.com/software/forex-strategy-builder-professional/
★ Test EA Studio with a 15-days trial and get the FREE course:
https://eaforexacademy.com/software/expert-advisor-studio/
� If you have any questions about Backtest MetaTrader, please, write in our trading Forum.
https://eaforexacademy.com/forums/forum/general/
Before you start practicing, have a look at the brokers (and Crypto exchanges) that our traders use:
https://eaforexacademy.com/trusted-forex-brokers/
Our online algorithmic trading courses:
https://eaforexacademy.com/courses/algorithmic-trading/
Let’s connect on social media:
Facebook: https://www.facebook.com/eaforexacademy/
Instagram: https://www.instagram.com/eaforexacademy/
LinkedIn: https://www.linkedin.com/company/33249615/
Twitter: https://twitter.com/EAForexAcademy/
In this video - Backtest MetaTrader, I will show you how you can backtest an Expert Advisor. Actually, it is essential to backtest an Expert Advisor before trading with it.
You need to know how to backtest MetaTrader exactly, depending on how the Expert Advisor works.
As I've said, these Expert Advisors work on the opening of the bar. So this is the option we will be using.
Now, if you want to backtest MetaTrader an Expert Advisor, you need to click over the chart, go to Expert Advisors and go to Strategy Tester.
A new window will pop up below, and usually, everything is fulfilled automatically. You can see this is the Expert Advisor.
This is the currency pair, and the model is open prices only because these Expert Advisors open trades on the opening of the bar. So they use the open price.
And if I click over it, you will see that we have every tick, the most precise method, it says, but there is no tick data in MetaTrader. So it's a kind of an illusion here that we actually don't have big data, but there is such an option.
We have control points, and we have on the bottom the open prices only, which says the fastest method, and you will actually see how fast it works.
On the right side is the period, the spread. And all you need to do then is just click on start, and you see it happens for less than a second.
And if I go to results, I will just make it bigger. You will see that I see every single trade where it was opened, where it was closed, how the balance line went and how many trades basically I had.
And if I go to a graph, this is the more interesting thing you can see how the equity line went with the strategy. It is on profit, and we have as well report where we see some statistics.
But this is really not enough what we see as statistic.
We have consecutive wins, consecutive profit. And what's interesting here, we have consecutive losses as well. We have the maximal drawdown, which is 1.71%, pretty good. But for me, that is not enough.
And in the next lecture, I will show you what is the difference if we make a backtest with EA Studio strategy builder.
For more information, watch the whole video - Backtest MetaTrader EXPLAINED: How to Backtest on MetaTrader.
The course is included in our Packages:
https://eaforexacademy.com/packages/trading-software/
The Expert Advisors in the course are created with the following program:
★ Forex Strategy Builder Pro - 2 weeks trial:
https://eaforexacademy.com/software/forex-strategy-builder-professional/
★ Test EA Studio with a 15-days trial and get the FREE course:
https://eaforexacademy.com/software/expert-advisor-studio/
� If you have any questions about Backtest MetaTrader, please, write in our trading Forum.
https://eaforexacademy.com/forums/forum/general/
Before you start practicing, have a look at the brokers (and Crypto exchanges) that our traders use:
https://eaforexacademy.com/trusted-forex-brokers/
Our online algorithmic trading courses:
https://eaforexacademy.com/courses/algorithmic-trading/
Let’s connect on social media:
Facebook: https://www.facebook.com/eaforexacademy/
Instagram: https://www.instagram.com/eaforexacademy/
LinkedIn: https://www.linkedin.com/company/33249615/
Twitter: https://twitter.com/EAForexAcademy/
