Forex Robots: Use MT4 Strategy Tester Like A Forex ProTrader

Trading Forex: Learn How To Backtest & Optimize FOREX Algorithmic Trading Systems In The MetaTrader 4 Trading Platform
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  • Lectures 14
  • Contents Video: 1.5 hours
    Other: 1 min
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 8/2014 English

Course Description

LATEST: Course Updated Again May 2015


OVER 4,000 INSPIRED STUDENTS HAVE TAKEN THIS COURSE
Learn how to backtest & optimize Forex Robots!

This course assumes no prior Forex or MetaTrader 4 knowledge. All you need - is a passion for learning and a desire to be successful!

We will start of by Installing MetaTrader 4 and opening a practice trading account. I will show you a smart way how to open an Unlimited Free Demo Account without giving away any personal details.

You will learn how to navigate the Strategy Tester and perform backtests in the MT4 trading platform. Also, I will show you how to interpret the Strategy Tester report. After this course you will be very comfortable with the term Profit Factor and Expected Payoff.

We will discuss the theory behind backtesting, and you will quickly grasp the concepts of modelling quality, expert properties, forward tests, etc. I will show you how to save time on testing & optimization through understanding specifics of Forex Robots.

Finally, at the end of this section we will talk about optimization. I will give you a detailed step-by-step guide on how to run the optimization you want.

And if you like this course, I would encourage you to consider the Premium extended version called "Forex Robots: Make 175% Profit P.A. Forex Robot Included!"

I look forward to seeing you on the other side!

Cheers,

Kirill

*** Pssst! Use the Coupon provided in the last lecture to get 70% OFF the extended course! ***

What are the requirements?

  • Basic fluency with computers

What am I going to get from this course?

  • Learn how to use the Strategy Tester in MetaTrader 4
  • Perform Backtests of Forex Robots
  • Learn how to read the Strategy Tester report
  • Learn how to optimize Algorithmic Trading Systems to maximize profitability

What is the target audience?

  • Anyone who has purchased a commercial Expert Advisor
  • Anyone who has developed their own Algorithmic Trading System
  • Anyone who wants to improve their MetaTrader 4 skills

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
01:53

Learn how to backtest & optimize Forex Robots!

This course assumes no prior Forex or MetaTrader 4 knowledge. All you need – is a passion for learning and a desire to be successful!

We will start of by Installing MetaTrader 4 and opening a practice trading account. I will show you a smart way how to open an Unlimited Free Demo Account without giving away any personal details. You can download the MetaTrader 4 installer from this post or from the official metaquotes website.

The Strategy Tester in MT4

You will learn how to navigate the Strategy Tester and perform backtests in the MT4 trading platform. Also, I will show you how to interpret the Strategy Tester report. After this course you will be very comfortable with the term Profit Factor and Expected Payoff.

We will discuss the theory behind backtesting, and you will quickly grasp the concepts of modelling quality, expert properties, forward tests, etc. I will show you how to save time on testing & optimization through understanding specifics of Forex Robots.

Finally, at the end of this section we will talk about optimization. I will give you a detailed step-by-step guide on how to run the optimization you want.

And if you like this course, I would encourage you to consider the Premium extended version called “Testing & Optimization for Success” (will be published soon)

Today’s video

In today’s tutorial I will provide a brief overview of the course, so you know what to expect along the way. In under 2 minutes you will be able to quickly understand if this course is right for you. So let’s get straight into it:

Disclaimer
Preview
00:43
How to get the most out of this course
Preview
03:09
Choosing a Forex Broker
Article
Section 2: Theory
Installing MetaTrader 4 & Opening a Demo Account
Preview
10:46
07:29

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.

Video Tutorial

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!

Happy Trading!

06:48

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.

Video Tutorial

Let me know if you have any questions using the comments section below. I am always happy to assist you with questions.

06:49

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!

11:28
In this video I will provide a very detailed explanation of what the three backtesting models in the MT4 Strategy Tester. You will learn about the Open Prices, Control Points and Every Tick models; and as you will see they all have their benefits which you can use to your advantage during backtests, forward tests and optimizations of your Forex Robots. Share this course if you've found it useful so far!
09:26
Have you ever been confused by the strategy tester report after running a backtest in MT4? Would you like to better utilise ratios like Profit Factor and Expected Payoff in your analysis? If so, then this video-tutorial is just right for you! I will show you how to read the MetaTrader 4 strategy tester report top to bottom. After this short tutorial you will be comfortable using Profit Factor, Expected Payoff, Maximal Drawdown and other parameters in your analysis of Expert Advisors. You will be better prepared to see which Forex Robots are profitable and which aren't. Enjoy!
03:41
In this short video I will show you what a Forward Test is. I will highlight the differences between a backtest and a forward test and illustrate how you can use them in combination to get the best result for your Forex Robots!
09:26
In this tutorial we will talk about Optimization in Metatrader 4. Even if you have never done an optimization of a Forex Robot before - don't worry, because today we will do one together. I will guide you step-by-step through the process of optimizing an expert advisor in the MT4 strategy tester. You will see that the process is very simple and after this tutorial you will be able to replicate optimizations for any other expert advisor! This lesson concludes the theoretical section of the course.
10 questions

A quick series of 10 multiple choice questions for you to test your knowledge.

Section 3: Course Summary
Course Conclusion & Next Steps
04:55
** EXCLUSIVE BONUS FOR STUDENTS **
Article

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Instructor Biography

Kirill Eremenko, Data Scientist & Forex Systems Expert

My name is Kirill Eremenko and I am super-psyched that you are reading this!

I teach courses in two distinct Business areas on Udemy: Data Science and Forex Trading. I want you to be confident that I can deliver the best training there is, so below is some of my background in both these fields.

Data Science

Professionally, I am a Data Science management consultant with over five years of experience in finance, retail, transport and other industries. I was trained by the best analytics mentors at Deloitte Australia and today I leverage Big Data to drive business strategy, revamp customer experience and revolutionize existing operational processes.

From my courses you will straight away notice how I combine my real-life experience and academic background in Physics and Mathematics to deliver professional step-by-step coaching in the space of Data Science. I am also passionate about public speaking, and regularly present on Big Data at leading Australian universities and industry events.

Forex Trading

Since 2007 I have been actively involved in the Forex market as a trader as well as running programming courses in MQL4. Forex trading is something I really enjoy, because the Forex market can give you financial, and more importantly - personal freedom.

In my other life I am a Data Scientist - I study numbers to analyze patterns in business processes and human behaviour... Sound familiar? Yep! Coincidentally, I am a big fan of Algorithmic Trading :) EAs, Forex Robots, Indicators, Scripts, MQL4, even java programming for Forex - Love It All!

Summary

To sum up, I am absolutely and utterly passionate about both Data Science and Forex Trading and I am looking forward to sharing my passion and knowledge with you!

Instructor Biography

Martín Durán - (Kirill's Team), Financial Analyst and Forex Trader

Hello, my name is Martín Durán.

I teach courses related to Forex Trading. I want to provide you some information related to my background:

Financial Planning

Professionally, I am a Financial Analyst with almost four years of experience in healthcare industry.

Forex Trading

Since 2008 I have been trading the Forex Market and I think there are plenty of opportunities to obtain financial benefits form this Market which can be translated into financial and personal freedom.

Summary

I think that my experience as Financial Analyst and my efforts in Forex Trading represent a good combination in order to share with you knowledge and tools for you to apply.

Instructor Biography

Hi there,

We are the ForexBoat team. You will find us in the Forex courses by Kirill Eremenko - we are here to help you out with any questions and make sure your journey through the courses is always smooth sailing!

The best way to get in touch is to post a discussion in the Q&A of the course you are taking. In most cases we will respond within 24 hours.

We're passionate about helping you enjoy the courses!

See you in class,

Sincerely,

The Real People at ForexBoat

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