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Backtesting EA's.

sparkertrades
Dec 09 2019 at 17:30
10 messages
I am just learning how to backtest EA's in MT4, but I don't have a large data set. Also, I have read that MT4 is not the best way to backtest.

Two questions. Where can I get reliable data to use for backtests. And is there a better program to use for backtesting than MT4?

Thanks!

Vivianng
Dec 11 2019 at 06:16
10 messages
Go to your MT4 >History Center and from there you can download previous datas from your brokerage. Give that a try?

togr (togr)
Dec 11 2019 at 11:33
4862 messages
sparkertrades posted:
I am just learning how to backtest EA's in MT4, but I don't have a large data set. Also, I have read that MT4 is not the best way to backtest.

Two questions. Where can I get reliable data to use for backtests. And is there a better program to use for backtesting than MT4?

Thanks!

MT4 at backtesting, the results tell yuo nothing about real EA performance
I reccomend to use mt5, it is free and BT results are very close to real trading
It is slow though and mt5 programming language differs a lot from mt4

AdamCantor (AdamCantor)
Dec 12 2019 at 16:22
98 messages
is it true mt5 is better for using EAs compared to MT4? if so can someone kindly explain why this is?

togr (togr)
Dec 12 2019 at 19:09
4862 messages
AdamCantor posted:
is it true mt5 is better for using EAs compared to MT4? if so can someone kindly explain why this is?

MT5 works with ticks while mt4 does work only with OHLC

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