DislikedNo, it can't work in the MT4 strategy tester. One of the essentials of Tony's method is to refund weekly losses. AFAIK, this cannot be simulated in strategy tester. To paraphrase Tony in post #5430, refunding losses is crucial to making an eventual profit on the account: if you reduce your account to $100 even an 8888 pip run would not refund all losses, let alone make a profit. In other words, by the time you get your first win in the MT4 tester, your account balance will have already been so reduced by all the losses, that the win (bcs it is determined...Ignored
I'm not concerned with refunding the account for testing purposes. I am trying to see it more simply than that for now. Here is how I intend to run calculations, if I can ever get it to work!
A trade taken can have only one of 3 outcomes:
1. BE (same as 0SL)
2. -2SL
3. Win
Definitions:
1. BE (0SL): Trade is opened, price moves no more than -1.9 pips before hitting at least +2 pips, which allows us to move SL to BE. Price then moves no more than +19.9 pips before reversing to hit SL.
2. -2SL: Trade is opened, price moves no more than +1.9 pips before reversing to hit -2SL, which means we did NOT have a chance to move SL to BE
3. Win: Trade is opened, moves no more than -1.9 pips before hitting at least +20 pips.
Then I want to look at this question to optimize TP:
For all Winning trades, how many reached +20, +25, +50, +75, +140, etc.?
I think the question of refunding losses is more appropriate to address as part of MM and TP optimization.
Now I'm thinking something else: Birt's web page is all about how to convert tick data to use in MT4. I have much more confidence in getting that to work than NinjaTrader. So... if I could do that, would it be possible to write an EA that runs based on those trade definitions? It would have to run on historical data, too. What do you think?
AF
Luck occurs when preparation meets with opportunity.