With the Metatrader Strategy Tester, you can test any Forex expert advisor to see if it really will work. And why stop there? There are a wealth of tools and resources available to you within the MST suite that will allow you to optimize your EA for greater profits and longevity in the markets.

Metatrader Strategy Tester comes free with the Metatrader 4 platform, so chances are you already have it on your computer. Otherwise, you can easily head over to their official website to download it within a couple of minutes. To run you first back test, it’s just a matter of going into the Strategy Tester module, selecting the back test option and then running it on the EA that you want to test. Simple!

On the other hand, optimizing your EA for greater profits and longevity in the markets isn’t nearly as simple and straightforward. It takes a lot of trial and error to figure out the optimization module within Metatrader Strategy Tester, because the instructions aren’t very clear and there are a lot of gaps in the information. Even if you do know your way around MST, you may still be making some common mistakes that can actually harm the performance of your EA instead of optimizing it.

Common Optimization Mistakes On Metatrader Strategy Tester

The first mistake that most beginners make on Metatrader Strategy Tester is not getting a high enough modelling quality. Obviously, any test that you perform on your EA is only going to be as good as the historical price data that you use, and ideally you’ll want to achieve at least 90% modelling data for your test to be considered reliable. You should always obtain your data from a live real time account and not a demo account, because the quality of the data from the former is much better and free from gaps, holes and errors. With luck, you’ll be able to get that 90% modelling quality you need to be confident in your testing results.

Another mistake that beginners will make when using Metatrader Strategy Tester to optimize their EA is that they go to far. In other words, they end up over optimizing their EA, which makes the performance look magnificent in the test, but when it comes out to trade for real it fails miserably. This is what tends to happen if you optimize for too many parameters at once. To avoid over optimization, which is also known as curve fitting, you should make sure that you only optimize the indicator period parameters, and to do an additional step known as “walk forward” testing. How this essentially works is to keep a data period out of the optimization pool, and then later back test the optimized EA for this excluded period. That way you can verify that the EA is profitable in both the back test period, and the walk forward period as well.

The Best Metatrader Strategy Tester Guide

Based on my experience, there are very few free guides out there that will teach you how to master the Metatrader Strategy Tester and avoid these common mistakes. Even the best one, which is created by Forex Factory, is hard to read and difficult to understand. So if you really want to make optimizing your EA for greater profits and longevity a part of your Forex trading arsenal, I would recommend that you invest in the Guide To Getting Rich With Forex Robots’ “Metatrader Back Testing & Optimization Course”. This course is head and shoulders above anything else that you’ll find out there, and contains many advanced techniques that will help you achieve the best possible results in your efforts.

First of all, the Guide To Getting Rich With Forex Robots’ “Metatrader Back Testing & Optimization Course” is the only course that I’ve come across that will not only help you achieve 90% modelling quality in your back tests, it takes things one step further and teaches you how to get 99% for even better results. In addition, it will teach you all the secret techniques that all professional Forex system developers use to extract maximum profits from their EAs and keep them ticking over for years without accidentally “curve fitting” or over optimizing the system.

If you are serious about your Forex trading business, then mastering the Metatrader Strategy Tester is not an option. The quickest and easiest way to do that is to invest in the Guide To Getting Rich With Forex Robots’ “Metatrader Back Testing & Optimization Course”, so I highly recommend it! Check it out by clicking the link below:

CLICK HERE TO VISIT THE METATRADER STRATEGY TESTER SITE

 

 

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