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Forex Tester 3, better then MT4 back testing?

  • #41
  • Dec 31, 2018 2:39am Dec 31, 2018 2:39am
Quoting cocozone9898
{quote} Hi braintheboss, Thank you for the sharing. You mentioned limitation for custom indicators, how about EAs? Could be also testing? Cheers, and Happy new year!
It can work but maybe needs adaptation. Even this EA is quite good MT4 have some limitations and I don't think they solved seeing it not support multi currency. And really should be easy because only things needed is allow create offline charts of other pairs, not only other TFs like now. The base is there but is not implemented
Try don't lose pants never...
  • #42
  • Dec 31, 2018 3:44am Dec 31, 2018 3:44am
Quoting RickM
{quote} Hi Broketrader I do hope I don't come across as a rude but just offering some experiences I have learned along the way. I have just found EURUSD & USDJPY are very hard to code profitable EA's on. I am sure a few other traders may disagreed with me but that just my findings. I do find my most profitable EA's are reversal models and not trending models because its my belief the market is only in a trending market type for around 20% of the time. I would say Reversal models I build produce 70% of my EA profits so I form accounts that are dominated...
Hi Rick,

No problem and no worries as it's always enlightening to discuss and even more when having opposite views ;-)

I think that there is no absolute truth, I mean that you can be absolutely right in the way you did and experienced things like that could be the same for me.
There is no other proof needed than a system working and capturing profits !

That said, in order to clarify my thoughts a chart is better than one thousand words...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 140 KB


This is what I trade, 1H EURUSD and as you can see since August until end of November it has been trending and then flat into December (not shown in chart). Then, of course if you get that period of time and display it in a daily chart you will see it as flat, that's maybe why we see different things when looking at the same instrument.

Then, there is also what the system needs as a trend in order for it to be able to capture a good amount of it without considering the move as part of a range.
Simplicity is the Ultimate Sophistication.
  • #43
  • Dec 31, 2018 4:10pm Dec 31, 2018 4:10pm
Quoting broketrader
{quote} Hi Rick, No problem and no worries as it's always enlightening to discuss and even more when having opposite views ;-) I think that there is no absolute truth, I mean that you can be absolutely right in the way you did and experienced things like that could be the same for me. There is no other proof needed than a system working and capturing profits ! That said, in order to clarify my thoughts a chart is better than one thousand words... {image} This is what I trade, 1H EURUSD and as you can see since August until end of November it has...
Hopefully the EURUSD changes to a nice trend soon, my SMA trend based EA has done little in December with the EU being third from last from around 18 pairs I have running. I may even cut this pair from the group if it doesn't pull its socks up and make be some money. One of my favourite pairs is " The Beast " or otherwise known as GBPNZD. I call this my defacto DAX.
Looking at trending pairs, this pair has not been beaten over the last few months.
It ran 2300 pips down and now ran back up 950 pips back up. That is around 3 times the range of the boring EURUSD ( To be honest AUDUSD is more boring but a OK reversal pair ).
Attached Image (click to enlarge)
Click to Enlarge Name: gn pair.png Size: 97 KB
Trading thin liquidity at the boundary of the charts
  • #44
  • Dec 31, 2018 4:32pm Dec 31, 2018 4:32pm
Quoting betterlife
Hallo friends, after a long lurking period, I am back again because discussion is getting interesting here. I have a question here, along the lines of what Rick was suggesting a few posts ago, which is innovative, in a sense, because it shifts the discussion about backtesting in a different perspective: spreadsheet planning. I mainly use R for such purposes, but my results are very mixed. So, Rick, if you want/like to share. What are you studying with spreadsheets? Something on the line or Stridsman’s “trajectories”? MAE and MFE? What do you mean...
Hi Betterlife
-
Keeping it simple for me always works best. I have looked at options like the Stridsmans etc. but its too much work in my eyes.
I have just created by own formula based excel spreadsheet that allows me plot ( enter entries and exits figures ) into the columns which then provides the data I need to know.
Like profit per trade - loss per trade - drawn down amount - profit factor - Pips Won & Loss - etc like trader explorer.

I need only 40 minutes to enter no less than 100 trade entries into the excel sheet, then I can decide whether its worth building the model.
I would rather lose a hour on my excel spreadsheet than waste a week building a bad model and then another few weeks of testing.
Trading thin liquidity at the boundary of the charts
  • #45
  • Last Post: Jan 1, 2019 1:02am Jan 1, 2019 1:02am
Quoting RickM
{quote} Hi Betterlife - Keeping it simple for me always works best. I have looked at options like the Stridsmans etc. but its too much work in my eyes. I have just created by own formula based excel spreadsheet that allows me plot ( enter entries and exits figures ) into the columns which then provides the data I need to know. Like profit per trade - loss per trade - drawn down amount - profit factor - Pips Won & Loss - etc like trader explorer. I need only 40 minutes to enter no less than 100 trade entries into the excel sheet, then I can decide...
First of all: happy new year to everybody!

Rick, thank you for the answer! Very interesting, indeed. And I would also love to agree with your idea “the simpler the better”.

But then, sorry, I have a further question. What about if in 40 minutes you have a working EA for your idea and you can have not 100, but 1000 entries in your trade explorer? This is where I am with my library. My OnTick() usually is not longer than 10 lines, for basic ideas usually much less... Some time, of course, is spent especially in writing the input lines, creating and destroying objects... but this is usually a no-brainer...

The real thing would be to understand what you look for in the collection of profit per trade, draw down, profit factor, pips won&loss to decide whether to abort or go on.
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