You have already reported this answer.
Resolved Question
How can I backtest a trading system?
Hello every one,
I just starting trading newly in my live account and i want to develop my own trading system.I have tried many systems,most good ones are complicated and are very difficult for me to understand. Therefore i want to develop my own trading system, the one I can be comfortable with.
I want someone to tell me How i can backtest a system and were i can get the software for backtesting. Thanks
over 2 years ago
Best Answer - Chosen by Voters
Like what my buddy Cyclopip said, you can backtest a trading system by manually going through the previous price actions of several currency pairs. There are a lot of charting software that you can use for this purpose. For reviews on the different software and charts, kindly visit the links below. Ty!
over 2 years ago
Source(s):
* You must be logged in to add comments. Sign In or Join Askpips.com.
Answers (3)
One way for you to back test your system is do it manually by looking back at the charts and testing your system. Yes, this can be time consuming but hey, you need to test your system before putting it to use right? Also, before you keep on trading your system on your live account, I HIGHLY suggest you test it out on a demo account first. This way, you'll be able to see how effective it is in today's environment.
over 2 years ago
* You must be logged in to add comments. Sign In or Join Askpips.com.
There are several good articles on how to backtest, set up history data, and analyze the results here:
http://thetrademachine.com/blog/200...
Download Software for backtesting with Metatrader here: www.metaquotes.net
over 2 years ago
Source(s):
* You must be logged in to add comments. Sign In or Join Askpips.com.
Backtesting with Metatrader’s Strategy Tester
So you’ve just gotten your hands on a hot new expert advisor and you need to know if this thing is really going to work. It’s time to get your hands dirty and start testing. There are two types of testing you should do: forward testing and backtesting.
But first, make sure you have high quality minute data for your backtest. Read our previous article on Downloading and Setting up History Data to Get 90% Backtesting Quality.
Forward Testing:
Forward testing simply means to open a demo account and run the expert advisor in real time to see how it works and performs. Forward testing is essential, however it takes a lot of time before you get a good idea about how the expert advisor will perform. Instead of relying solely on forward testing, we can also perform backtests.
Backtesting:
Backtesting lets you test years of data in just minutes. So, before we decide to spend a lot of time forward testing, we can use Metatrader’s Strategy Tester to see how it will perform long term.
Strategy Tester also allows you to optimize your expert advisor. See our optimization article on this.
For complete pictures and report continue with the following link
http://thetrademachine.com/blog/200...
over 2 years ago
Source(s):
* You must be logged in to add comments. Sign In or Join Askpips.com.
Resolved Questions in System Development
- I have my own trading log and I think it's not enough. How can I make my trading log more effective and efficient?
- Why am I still getting losing trades using the Cowabunga system?
- What is the best way to back test a system? Is buying a $100 plus back testing software the only option?
- Does anyone have any experience with Coder’s Guru?
- Is it possible to have an automated system for orders wherein it will give a signal indicating go!
ForexEA
I suggest you to test Forex robots from http://www.forexeasystems.com/ in first order
3 months ago
Report it