Recently I woke up to a call from my client, claiming he had been losing $2,000 (out of $10k account) in a day and he had no idea what to do. In fact, he wanted to know if this was due to the strategy itself that the Expert Advisor (EA) had been opening and closing positions […]
PeriodAllConverter creates historical data files (.hst files) in all timeframes available on MetaTrader 4 with a single run. Before running PeriodAllConverter, 1-minute historical data must be installed in the MT4. Price: FREE License: For private use only. Download PeriodAllConverter.zip Installation Place PeriodAllConverter.ex4 in <DATA FOLDER> \ MQL4 \ Script. Restart MetaTrader 4.
Backtesting Defined The term “backtest” in this context means using past data to find out the way your trading system would have functioned. In other terms; to assess whether the software could have generated loss or profit in the previous data. It is good to note that when someone does a back test, he/she assumes […]