Posts Tagged 'backtesting range bars in metatrader'

Using Tick Data Suite 2.x for testing MT4 EAs on renko, range bars and other custom charting types

Tick Data Suite (TDS) has been around for quite some time and although it was certainly a great tool for backtesting it was not really a “suite of tools” as it strongly relied on a few more utilities to get the job done. For starters, the average tester first needed to acquire and process tick data using third-party tools such as Tick Data Downloader, TickStory and of course the CSV2FXT converter script. TDS 1.x was mainly a special loader ...

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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 it ...

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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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Price action indicator?

Price action trading has become one of the most widely used methods by FOREX day traders as well as position traders worldwide. This popular forex trading approach, which is all about basing trading decisions on a clean price chart analysis with no indicators whatsoever, is often misunderstood by many. Although most, so called, price action trades know that they should not use any lagging indicators, they are often not aware of the fact that they should also get rid ...

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