What is a good way to train manually on history data?
I have seen couple of EA's for this but of course for MT4 they just let you study one pair/timeframe at a time.
Forex tester is a good tool to trade on historical data. I have heard about it on different forums. It has long historical data and many additional features.
Great thanks I will check it out! Cheers David
A trader must trade manually on the basis of historical data and he should go through all the data and then analyze and study the markets and then trade on the basis of same. It is also important to consider technical analysis and combine them both before trading .
A backtest is an automated process to test a trading strategy. The simulated backtest orders that would have been spent in all of history.
Originally posted by FXlordA backtest is an automated process to test a trading strategy. The simulated backtest orders that would have been spent in all of history.
Back test the orders ? I really did not understand what you want to say as I do know what is back testing the strategy. Please make it more clear.
Originally posted by davidalfonsiI have seen couple of EA's for this but of course for MT4 they just let you study one pair/timeframe at a time.
Did u find any good software?
Stick to your rules
Originally posted by ChampForex tester is a good tool to trade on historical data. I have heard about it on different forums. It has long historical data and many additional features.
I have heard of only forex tester as backtesting software. Its Features r good.
Originally posted by Jogi
Originally posted by ChampForex tester is a good tool to trade on historical data. I have heard about it on different forums. It has long historical data and many additional features.
I have heard of only forex testeras backtesting software. Its Features r good.
Have you used it personally ? DO you recommend it to others ? Please share here .
Forex tester is a decent program - costs about $100. You can get a few EA trading systems, but they are awkward to use.
Yeah you can try some EA which are really very profitable but test them on demo account and grab some good experience on it and then you can able to make a good amount of profit through it and also make your own strategy.