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Originally Posted by trohoang
Hi Jozo,
I respectfulling disagree with your view on backtesting. Those who don't learn from history will bound to repeat the same mistakes again.
First of all I am not a programmer but I am a novice trader. I see several price patterns that tend to repeat itself frequently. I want to write a program that would take these trades each time. The purpose of my EA and back testing is to tell me whether my observation in correct i.e. percentage of win, profit to risk and frequency.
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YES, BACKTESTING IS IMPORTANT, the problem is, the strategy tester that METATRADER4 created has a multiple number of limitations, they were noted all over the place over the past month. just look for them, mostly in the metatrader4 and expert advisers metrader 4 forums, just know that you are not alone, you're doing nothing wrong, it's just a crappy automated tester. which i why i manually backtest, even though it takes time and patience, it is well worth the effort to get accurate results, (but that's just my oppion
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