If you’re a Forex trader, you need to be testing your Expert Advisor / EA. Today I’m going to show you how to backtest your trading strategy or EA on MetaTrader5 (MT5). Backtesting is incredibly important because it’s a historical record of how a strategy would have performed.
While it doesn’t mean it will perform in the exact same way in the future, it’s a good way to get an idea of how it could perform. MT5 has some additional features that will help you backtest with even better results than MT4. Watch the video to learn how to tune your EA and get a solid backtest strategy in place.
0:00 Intro
0:40 The quality of your data
1:22 Loading your EA
2:11 What is backtesting
3:01 Testing your strategy
4:33 Explanation of modeling choices
5:50 Choosing your settings
6:57 Running the test
8:06 Optimizing your test
9:52 Reading your results
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Disclaimer: Forex trading involves significant risk of loss and is speculative. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Past performance is not necessarily indicative of future results.
