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Backtesting BGX

  • #1
  • First Post: Jun 24, 2006 3:39am Jun 24, 2006 3:39am
Hi all,

I am ready to begin backtesting the Bunnygirl system. I am completely new to MT4 and I fear that i will do something wrong or have maybe missed something. I do not want my backtest results to be poor or invalid. I am sure I have setup the data and converted it into the different time periods correctly. I have read the threads on backtesting in the forum, and was wondering if anyone has got any more useful advice for backtesting the BGX system or backtesting in general?

Also I have downloaded the BGX indicator but in the input section it is missing the options Eur_spread and Other_spread. Have I downloaded an old version? or am I doing something wrong in MT4?

Many thanks,

Arcane.
  • #2
  • Jun 24, 2006 1:27pm Jun 24, 2006 1:27pm
Quoting ArcaneInvestoR
Hi all,

I am ready to begin backtesting the Bunnygirl system. I am completely new to MT4 and I fear that i will do something wrong or have maybe missed something. I do not want my backtest results to be poor or invalid. I am sure I have setup the data and converted it into the different time periods correctly. I have read the threads on backtesting in the forum, and was wondering if anyone has got any more useful advice for backtesting the BGX system or backtesting in general?

Also I have downloaded the BGX indicator but in the input section it is missing the options Eur_spread and Other_spread. Have I downloaded an old version? or am I doing something wrong in MT4?

Many thanks,

Arcane.
The other options on the indicator were custom things I added to davidwt's original indicator. Here's my indicator attached.

I think you're going to find that backtesting the BGX system is highly unreliable. The major impetus you'll find regards the "5-minute" rule, which is that you shouldn't enter a trade in the last 5 minutes of the candle. The way to backtest this is to have a corresponding 5 minute chart up with your 30 minute chart and look at the 5 minute candles on each entry. the other option is to ignore the 5 minute rule, but, that will result in a number of false positives.

The best way to evaluate BGX, in all honesty, is to demo test it for a period of time (several months). Otherwise, just do your best and see what kind of numbers you come up with, but, recognize that they aren't necessarily completely accurate.
  • #3
  • Jun 24, 2006 3:10pm Jun 24, 2006 3:10pm
Stockwet,


Could you not use the date/time functions in MQ4 to determine if you're in the last 5 minutes of the timeframe and not execute the trade if that is the case?

Squid
  • #4
  • Jun 24, 2006 4:06pm Jun 24, 2006 4:06pm
I think it'd be really tricky. My experiences with the date/time functions in MQ4 have been sketchy. I think you'd need a really good MQ4 programmer. I'm also not a believer in automated backtesting. I just don't think it does anything for you except give you some numbers that you may or may not be confident in.

Quoting Squid
Stockwet,


Could you not use the date/time functions in MQ4 to determine if you're in the last 5 minutes of the timeframe and not execute the trade if that is the case?

Squid
  • #5
  • Jun 24, 2006 4:07pm Jun 24, 2006 4:07pm
I had also forgotten to post my indicator. Here it is.
Attached File(s)
File Type: mq4 Bunnygirl Cross and Daily Open.mq4   11 KB | 1,111 downloads
  • #6
  • Jun 24, 2006 11:55pm Jun 24, 2006 11:55pm
Are there any EAs out there that can autotrade the bunnygirl? I keep missing the entries because I am not staring at my PC all the time.

Quoting stockwet
I had also forgotten to post my indicator. Here it is.
  • #7
  • Jun 25, 2006 2:37am Jun 25, 2006 2:37am
you don't have to stare at your pc all the time to do bgx. i only look for crosses during the euro and us open as valid crosses. most time, the cross don't play out to anything worth risking 20-30 pips for. so don't stare at your pc in the afternoon waiting for a cross to occur.
  • #8
  • Last Post: Jun 25, 2006 7:49am Jun 25, 2006 7:49am
Thanks Nitman. Do you do limit orders or live orders based on the crosses?



Quoting nitman
you don't have to stare at your pc all the time to do bgx. i only look for crosses during the euro and us open as valid crosses. most time, the cross don't play out to anything worth risking 20-30 pips for. so don't stare at your pc in the afternoon waiting for a cross to occur.
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