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).

Any MT4 backtester with tick data for EA not indicators?

Am I dreaming? hehe.

No. We may backtest EAs only in MetaTrader.
For example: we have some idea, this idea was coded by somebody and we may test the EA only. We can not backtest idea.

Idea may be the following: two indicators are crossing ....
How to estimate the idea without EA creating.

Or an other example:
- somebody said: I have an idea about some indicators, crossing and so on. And I received a great profit every day. Can you create EA?
- some people created EA and it was not profitable at all.
- why? Bad coding or bad idea?
Because nobody can estimate or backtest ideas before coding in MetaTrader.
We may provide forward test in MT to trade manually on demo account to say: this idea is profitable. Will anybody believe?

Look at this section http://www.forex-tsd.com/forumdisplay.php?f=9]. A lot of ideas and authors of the ideas said that it is profitable ideas. How to estimate it? We may ask them to estimate ideas but demo testing 24/7 without any EA during the several month on H4 timeframe for example ...

So, some people made this software to do this for 5 minutes.

Ok.. But I was more interested in testing some EA I have. It is not just a simple indicator but based on a lot of calculations. I would be great to have a program where you can load your EA and test it right away.

As to EAs so I agree. We dont have choice.

Dear sir,
I have tried to use forex tester, but did'nt succesfull yet.
Please explain, why to use this software with historical data.
The procedur that i did:
- Install software and run it
- download data from alpari website (in metastock format & M1 timeframe).
- Import data that i was download
- click option - server setting: connect to historical data
- Click "Connect"

But after i did all above, my chart platform i still blank (NO DATA)

So please advise me with detail correction of my procedure.

Best regards & thanks very much

I do not know about your mistake. I downloaded data from Metatrader 4 selecting the MetaStock option and it works. Use manual here in English Strategy testers
Besides this siftware is working on windows 2000 and higher versions only and not working on windows 9x.

I have my version of tester-optimizer. It works with OHLC model only. But it is necessary to know VC++ and MS Visual Studio in order to use tester.

Attached Files

stat.zip (9.5 KB, 138 views)

NEW update (07.January 2006) Forextester by Koshelev M.A.

with Examples SMAStrategy

\ForexTester\Examples\SMAStrategy.dpr (is for Borland Delphi project file).

Compile SMAStrategy.dll copy in ...\ForexTester\Strategies\


new features:
new Options chart color and more...


@newdigital can you new ReadMe.doc translate please (if update) ?

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Attached Files

Forextester - (07.January 2006) .zip (2.15 MB, 404 views)

Ok. But what is that?