Using TickStory lite to run backtests on Range, Renko, MedianRenko and PointO charts with 99% modelling quality

This short post is a quick “how to” guide aimed at helping you utilize TickStory lite software to download historical tick data and perform high quality backtests on RangeBars, Renko, MedianRenko or PoitO charts. In order to prepare the necessary data, you’ll need an MT4 terminal, TickStory and a custom CSV2FXT script (included in all PRO versions) for the corresponding custom charting plug-in that you wish to use.

When you first download TickStory, you’ll need to configure ...

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How to properly backtest RangeBars, MedianRenko, Renko and PointO using Tick Data with 99% modeling quality

This is a short guide on how to properly backtest EAs on Metatrader4 using Tick Data and price based charts such as RangeBars, MedianRenko, Renko and PointO.

One of the most common mistakes when backtesting strategies on price based charts is not understanding how these very specific charts work and thus incorrectly performing backtests, which may lead to frustration when later finding out that actual trading results are not even close to what one may expect after witnessing a flawless ...

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Metatrader 4 Build 574 – Where are my indicator & EA files?

The latest MT4 version 4.00 Build 574 (10 Jan 2014) introduces a lot of new features and improvements for the old MT4 platform, however there will be certain compatibility issues with EAs and indicators written for previous builds (i.e. Build 509 back from June 24th 2013). Users should also be aware that the location of the old \experts\ folder has been moved to a new location. Previously, all MQL4 applications have been stored in subdirectories of <terminal_installation_folder>\experts\ folder and ...
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Range bars now support weekend or session gaps

Up till now, range bars had one major problem – charts would look different for a specific day depending on how many days of data have been loaded from history, plus there was no way of visualizing inter-session gaps (or weekend gaps in Forex) This was unacceptable by stock and indexes traders, who needed information regarding trading session gaps.

Version 2.04 of the range bars plug-in for MT4 now features a new entry in the ...

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Why choose Metatrader?

Today’s market is volatile and dynamic, and is getting increasingly difficult to predict. In order to keep up with the constant flux in the market, you would require an effective trading platform, which has all of the tools and features which are necessary when you are involved in Forex trade.

Metatrader gives you all the features and tools that you require when you are dealing with Forex market. Metatrade is the most popular and most frequently used Forex trading platform ...

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Where do I learn Forex Trading?

The foreign exchange market or Forex, is open game for anyone wishing to make some money based on speculation about the worth of the world’s currencies on a daily basis. For this you would have to become a day trader, whose basic job is to buy and sell financial instruments such as stocks, derivatives and currencies within the same day, making money on the profits and sometimes sustaining losses in the process.
Figuring out how to start learning Forex ...
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Why is Forex so popular?

The Forex market has made itself popular amongst people who fancy themselves as risk-takers as it involves a lot of uncertainty which many overlook keeping in mind the rewards they can reap when their speculations on knowing when to buy and sell hit home.
The Foreign Exchange Market deals in all of the currencies in the world and sizes them up against one and other on a continuous basis. An example of this can be when a certain ...
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Can I make money in Forex?

Making money in the Foreign Exchange is not simple or as easy as it might look from an outsider’s perspective. Many traders in the Forex market make tidy profits that look appealing to many people who want to get started in the moneymaking business. However if you are aspiring to become a day trader in the Forex, keep in mind that the results vary from person to person in the market.

Some traders swear by day trade claiming that you ...

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