Since MetaTrader programs are the "hottest" thing to hit the market, it's important to learn its different aspects such as MetaTrader backtest. MetaTrader backtest is an important component of forex trading and MetaTrader programming. The following steps provide you a step by step guide into MetaTrader backtest:
1. If you have already downloaded a MetaTrader software then all you need to do is to go to the expert advisor application that comes with your software. Check the help and the
2. After choosing the Strategy Tester option, a new window will open just under the console of the application. This window provides you the platform to develop/set up the expert advisor that you need. Before you can use the whole MetaTrader program, it is necessary that you put in the trading parameters you work on. This is crucial when you finally backtest the strategy or personal plan that you have.
3. After putting the necessary parameters, the personal plan or strategy, it is not time to choose your expert. You can choose your expert from the "Tester-Expert Advisor" option. After this, you will have to work on the Settings of the tester. The following steps should be followed:
• Choose the advisor and then carefully set the important details.
• Choose the period along with the symbol.
• Choose the kind of modeling method. It's best to check some references before doing so.
• Choose the time interval for the test. You can select from the default settings.
You still have to do a lot of things when it comes to backtesting. The best thing to do is to read up on many resources. This will help you gain a better understanding on what you really should do with the program.
Post a Comment