Setting up MT4 for backtesting

I've looked through the internet and the factory in order to setup MT4 for 90% modelling quality.

I followed the instructions detailed by C.E.O in this post: http://www.forexfactory.com/showthre...=13507&page=39

and also looked online to find: http://www.earnforex.com/blog/2008/0...storical-data/

I realize there is a way of making the modelling quality up to 99% as Ronald Raygun has provided, however to begin with I just wanted to get it up to 90% (since I will be using larger timeframes to begin with)

For the life of me I can't quite get it to work... I did a fresh install of MT4, cleared out the history, downloaded Alapari data and imported it... but the screen is still blank ... any suggestions????

Cheers
D

Did you change the name of the history file? I assume you downloaded M1 data, should be EURUSD1.hst for example.

Did you set the maximum bars in chart and in history to 99999999999 so they get to their max which is 2147483647 ? (Tools - Options - Charts)

Secondly, you have to create the corresponding charts with the M1 tick data, by opening an offline M1 chart of the pair chosen which has the full history, selecting the appropriate M1 data when prompted (if you have opened other charts even after deleting everything, you will have partial history files and you have to select the one that has the most records, I think it's something like 65000+ for M1), then applying the Period Converter script (check on the journal or expert tab, should say "xxxx" records written or something like that), then do the same for every timeframe that you need with full historical data.

Then afterwards, you can use them in the backtesting and it gives you 90% modelling quality.

I would advise to create a "Tester" profile where you don't have any chart, and delete any other history file but the ones you created, then if you use the demo or the account for normal trading, rename the full history (or change them to a separate folder for use only with the backtesting) because having those settings and the full history on board can overload the CPU very very much and is not needed while normally trading.

Thx for your response doblece ... worked it out (finally... phew lol) and managed to get 90% on the lower time frames... but only 70 odd% in the daily? Am I loading the data incorrectly/try re-loading?


For anyone wanting a comprehensive step by step tutorial on how to do it visit: http://rangetraderforum.monstermall....hread.php?t=33


Cheers
D

Hmmm got it up to 82.56% ....

D_trader,
Could you please post the link to Ronald Rayguns method to get 99% modelling quality? I tried searching his posts but couldnt find it. Thanks.

Rowdy,
apologies for the delay in replying. I can't find it atm but i've got the associated files on the other comp, if you haven't found it yet let me know and ill post it
DT

Yes, Please post it. Thanks.