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Old 12-14-2005, 04:25 PM
newdigital newdigital is offline
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Quote:
Originally Posted by codersguru
newdigital,alex,

Thanks for the program!

Question:
Does it work for MT4?
It is something different.
This program is based on MetaTrader software to test indicators and trading ideas based on indicators (not EAs).

There are few indicators associated with the program:
- simple MA;
- EMA;
- RSI;
- MACD;
- Stochastic;
- Bollinger bands;
- linnear regression channel;
- trend indicator;
- RSTL.

Any other indicators should be as dll file. Author promised to continue the development of this program so we will have more indicators in the program.

How to test?

For example we have an idea for 2 EMAs crossing with some RSI or something. So, just find these indicators in the program, estimate the setting for indicators and for idea (profit, exit etc). That's all. If we select fast testing we will see two charts: profit/loss and statictics. More slower testing is available too: we need to set speed of the data and we will see the chart (normal price chart) which will be moved according to the speed we estimated and the program will trade for you.

So, if we need to prove some idea before creating the EA we may use this program instead of manual demo testing. We may test some strategy for 5 min instead of 1 month or 1 year for example on demo.

This program use M1 data to have M5, H1 etc and amy be connected to the MT3 or to the any historical data, ticks, close open, ask bid. I connected this program to the MT4 data (historical data) and it was ok. Real time data from MT3 only but the data may be converted as MT4 data automatically.

Many people said: I have good idea about some EMA crossing something etc. and we want EA. What to do? People need to spend a lot of time just to prove this idea (profitable or not) to test the idea malually on demo account during the long period of time.

If some EA is not profitable we have two cases:
- people start to thing about bad coding;
- programmer start to think about bad idea which was selected for the coding.

So, this program is to test ideas before EA creating.

Now they may use this tester to test the ideas just for 5 minutes (before creating EA for example).

Last edited by newdigital; 12-14-2005 at 04:33 PM.
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