
Learn to evaluate trading robots and expert advisors, avoid scams, and conduct step-by-step checks by running your own backtests for Metatrader products from the MQL5 metadata marketplace.
Perform symbol shift tests by selecting a different symbol and switching data settings, so the robot seems to trade on euro dollar data; compare graphs and service reports.
Master control backtests without tick data by applying practical control methods to compare historical shifts and simple shifts.
Learn to perform history shifts without a tick data suite using the free History Shifter from the Mediterranean marketplace; export, shift, and re-import historical data across time frames.
Execute a simple symbol shift test without a data suite by exporting Eurodollar data, importing it into a new symbol, then compare control and shifted results to detect manipulation.
Understand how 500 pips stop losses versus 9.9 pips take profit create outsized risk, reveal optimized backtests, long recovery times, and rising swap costs in trading robots.
This course is to help students learn how to evaluate trading robots (or Expert Advisors) on Metatrader 4. With trading robots costing from a few hundred to a few thousand dollars, they are not cheap and it's important that buyers understand what they are buying to ensure they buy a suitable product.
The other issue in this area is that certain trading authors are falsifying the backtest results to boost their sales. These scam products are not that easy to detect at the onset and they do not work and not only that, you cannot get your money back once you have purchased. I felt it's important to ensure people know how exactly how to run these test themselves to ensure they do not end up losing money buying these scam products
It's not difficult to run these tests and I wanted to provide a step by step guide so that anyone and everyone can learn to do this. The course is not long and can be digested quickly. Equiped with this new knowledge, you can then go out and ensure that you can purchase your trading robots with confidence.
I use a bit of software called Tick Data Suite to do all these tests and this does cost extra money to purchase. However, you can also do these tests without this software and I will show you how.