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- Use the Strategy Tester in MetaTrader 4
- Import Historical Data into MetaTrader 4
- Perform Backtests of Forex Robots
- Perform Forward Tests of Forex Robots
- Optimize Forex Robots
- Run Demo Tests on multiple MT4 terminals simultaneously
- Run meaningful Real Tests of Algorithmic Trading Systems
- Apply a tried & tested Stability Criteria to FX Robots
- Set limitations for MT4 Optimizations
- Take advantage of the Genetic Algorithm and 2D-surface in MT4
- Schedule Ongoing (Rolling) Optimizations for their Systems
- Export Optimization Results into Excel
- Calculate and Apply the Recovery Factor of FX Systems
- Basic fluency with computers
Start making money, with no experience whatsoever, immediately - just like the current 19,500+ students!
No need to purchase a Forex Robot - I will give it away to you for FREE in this course for you to practice on a Demo account.
Every single technique which I reveal in this course is easy to put into place in minutes - with almost any Forex Robot. Let Forex Robots work FOR YOU!
This course will save you time, money, and effort. I will give you a step-by-step guide to getting the MAXIMUM returns from your Algorithmic Trading system.
Nothing is kept secret - I reveal all I know... and as I test even more things, those that are successful are added to the course - at no extra cost to you! This is a course that will continue to grow and grow.
Click the "take this course" button, top right, now ... every minute you delay is costing you money...
- Anyone who wants to improve their MetaTrader 4 skills
- Anyone who wants to learn how to backtest Forex Robots
- Anyone who want to maximize profitability of their trading system
- Anyone who has purchased a commercial Expert Advisor
- Anyone who has developed their own Algorithmic Trading System
- Finally, anyone who wants proof that YOU CAN earn money from Forex using Robots
In this video I will show you how to install MetaTrader 4 build 600+ and open a free demo account without giving away any personal information! We will use this demo account in further tutorials to test our scripts and expert advisors. You can skip this tutorial if you already have a demo account.
IMPORTANT: Please make sure that in these tutorials you are practicing on a DEMO account. In the present course we will be creating scripts and other software which will carry out transactions on your account via the MetaTrader 4 trading platform. Therefore, you need to use a DEMO account for these educational purposes.
Note: Unfortunately, ForexBoat's partner broker doesn't accept US residents for demo accounts currently, so if you are a student from the US, we suggest you look for another broker.
MT4 Strategy Tester Window
In this tutorial we will look at the Strategy Tester window. I will explain what each of the options is responsible for and how you would go about adjusting them.
The MT4 Strategy Tester has a lot of buttons and at first it can be quite overwhelming. However, I will guide you through the process of optimization. We will see how to use the visual mode and what the Spread parameter does.
This is a great fundamental video, which creates a basis for the rest of the Testing & Optimization for Beginners course going forward.
Let me know if there are still some uncertainties after you watch this video and I will immediately assist you. You can simply use the form underneath the video to leave a comment and/or question.
Alternatively, if you would like to do some additional reading on the topic, you can always go to the official MT4 strategy tester website. There you can read about things like the strategy tester report, running backtests and genetic algorithm, etc. However, we will also discuss most of these topics in this FREE course as well as other premium courses.
Pssssssst: I’m planning on making the premium course free for the first 1000 students. Subscribe NOW to the ForexBoat newsletter to be notified when it comes out!
What is Backtesting?
Investopedia defines backtesting as “The process of testing a trading strategy on prior time periods. Instead of applying a strategy for the time period forward, which could take years, a trader can do a simulation of his or her trading strategy on relevant past data in order to gauge the its effectiveness”
In today’s tutorial we will expand on this definition. We will explore the different types of backtesting and I will show you why backtests are so valuable, how they can save you time and make your add certainty to your Forex algo-trading.
Let me know if you have any questions using the comments section below. I am always happy to assist you with questions.
Today we will be looking at Expert Advisor properties. Forex Robots have external variables which are displayed in the form of EA properties in MetaTrader 4. Simply put, these are your levers by means of which you can control the robot’s behaviour. This is the best and most efficient way to adjust your trading strategy to suit market conditions.
Enjoy and let me know if you have any questions!