The best Backtesting program?

Hi Guys

I am traing to find the best backtesting program for Forex (of course FREE).

Any ideas??

Thx

There is no best for free, they all suck in different ways. Metatrader and/or NinjaTrader are probably good places to start.

Thanku you Sir

I am still looking in net something good. When I find something interesting i will post it.

I have extensive experience with Wealth Lab (version 3). I always liked it.

I've met guys that really like Amibroker. I'm demoing it right now but it takes some getting used to. It's definitely a good value.

The strategy tester in MT4 is very weak. For instance MT4 doesn't show MAE/MFE for trades and no histogram summary showing the distribution of winning and losing trades. This sort of information is *very* useful and normal programs like WL and Ami do this and much more.

As a side note: NT has the MAE/MFE stuff.

Depends...if your looking for professional auto system historical backtesting, neoticker is quite good. But given you mentioned 'free', i'm assuming your new to the game and want to forward-test (via historical data) your manual strategy whatever it may be. Sierra chart is very effective (and cheap). Ninjatrader is good as well, but may be more expensive for your data needs.

If you are serious about trading as a business, you need to spend a little money for your business tools - i.e. good data feed, platform, office equipment, etc. Still really cheap compared to starting any other business.

Good point, spending a little upfront on data etc. can be a good investment.

I am not so new

But have never really believed in backtesting (i don't know why).

I just want to experiment on my new ideas.

Thank your for info Guys.