Wednesday, 23 October 2019

When can I back test?

So although going through the motion of how to build an algorithm For forex trading on MT4 I already have an algorithm on MT5, I’ve back tested to the best I can, because FX Blue doesn’t allow for multiple indicators on the same chart during back test. Anyway I now need to forward test but the daily candle in my time zone closes at 10pm, now that’s fine if I was working on day shift but since I’m on nights until Christmas it kind of puts me back on my back testing a few months.

Only solution I can think of is to go to the next time frame up, the weekly chart, on demo this is fine but the problem I can see if it was a live account, is the fact that the stops would be so wide that even with small lot sizes, it would still be high amount given that the ATR can run into hundreds of pips on some currency pairs.

Results maybe out of line when compared to trading the daily time frame but it will allow me practice when planning and executing trades within the MetaTrader5 platform, giving me to to become competent at what we need to be and iron out any mistakes even before starting demo testing proper.

So yeah let’s have a go on the weekly, I may even make a video and practice my editing skills too👍🏻

No comments:

Post a Comment