I've been trading on Meta Trader 4 for several years and I've never really bought into the whole EA thing. I have tested several and never really got the results I liked. I've tried using many different indicators together in one configuration after another, and back tested them on historical data and it's really hard to be subjective and honest when the charts right in front of your face. At least I have a tendacy to peak a little to the right before I take that trade set up. Anyway I was thinking to myself, wouldn't it be cool to be able to test some indicators in Strategy Tester mode without having to devise my own EA? I'm sure I'm not the guy who figured out how to do this but I've at least figured it out on my own and thought I would share it with you. I've taken 7 different screen shots of a trade I did this morning to show you that it does work.
- Set up the test just the way you see my first screen shot with what ever symbol you want and timeframe.
- Hit the start button and once your historical data finishes and the test begins, click the open chart button and push the pause button.
- Now all you have to do is set up the chart window how ever you would like and push the pause button again to start the test where it left off, only now your watching your indicator move with PA.
- When you see a trade set up, simply push the pause button again and use the arrow bottons to place your entry SL and TP and press the pause button again to resume the test, and thats it.
I Hope this will help you become a successful trader!
Attached Image(s) (click to enlarge)
