This is a discussion on How to backtest forex? I want to backtest a strategy in Forex, but am not quite sure about how to go about it. There are forex backtest tutorial number of ways that spring to mind.
Are there any handy references anywhere that explain in simple language how to write in the MT4 language? I’ve exported the data into Excel, but suspect that the pattern recognition functions are difficult to mimic. Are there any good sources on the web for describing the use of the MT4 language? It is quite useless and will lead you to think that you will be a millionaire in weeks.
Can’t comment on other platforms like Tradestation or e-Signal. Which ever method you use split the data in half, develop a strategy on one and test on the other half. Never ever develop and test on the same set of data. There are fantastic results to be had if you do this and you will waste time. Keep the original data safe, get it from a good source. Ideally get the data from whoever you are going to trade with so you know their prices. Yahoo, Dukascopy and Oanda are all different.