Sorry guys/girls another question about MT4.

[Rossini]

Sorry guys/girls another question about MT4. Similar to Sam's question really....



I would like to back test a few indicators (E.g. stochastic) as an always in the market kind of system. I'm just curious of the results. As I understand it, to do this I would have to write the indicator into an expert advisor. And then use the expert advisor to either back test or even optimise the indicator? Can anyone be of any help?

 

[cr6196]

i cant help with the ea part of this but if your curious about standard indicators and their effectiveness someone (i believe, trendie) tested a number of indicators and put the results up here, ill have a look for the link, good luck.

EDIT: my mistake was hoggums - http://www.trade2win.com/boards/mec...g/25669-backtesting-technical-indicators.html

 

[Rossini]

Thanks for that, it seems an interesting thread!

I'm really interested in someone being able to point me in the right direction of how to create my own EA so I can back test indicators and any ideas I have myself. I only want to be able to code in a very basic way. And as far as EA's go, a simple 'always in' system using a crossover as trade signals, is as basic as it gets.

 

[s&ptrader]

EA's

The standard indicators are built into the MT4 language. in meta editor select help/technical indicators for a list of indicators and their parameters. Just decide which indicator(s) you wish to use and then open/close trades. There are a number of standard EA's available from meta editor, but if you want me to send you a starting point PM with a simple system (one or two indicators) and your email address and i shall be happy to help.

Regards
Kevin

 

[shadowninja]

Tell me to **** off if you want but surely if you can't figure it out, then you're not going to be very successful at coding up an EA...

 

[Jason Rogers]

Thanks for that, it seems an interesting thread!

I'm really interested in someone being able to point me in the right direction of how to create my own EA so I can back test indicators and any ideas I have myself. I only want to be able to code in a very basic way. And as far as EA's go, a simple 'always in' system using a crossover as trade signals, is as basic as it gets.

My suggestion is to try MQL4.com for a basic tutorial on coding in MQL.

And just about every indicator has been coded into a basic EA strategy before. You may be able to find one their with open source that someone is willing to share that you can just modify.

 

[Hooya]

There are plenty of coders who can code it for you and it will be alot quicker than learning yourself. Shouldn't cost you too much either. You may even find if it's a simple MA crossover always in system that the EA already exists somewhere for free.

However I wouldn't rely on the backtesting feature in MT4. Its a bit dodgy to say the least.

Anyway a few links on here to such people Metatrader Coders. I am always looking for more coders to add to my directory as well.

 

[Rossini]

Thanks very much for the help guys.

It just occurred to me that if one is looking on a daily chart, does the time that the new candle starts differ if using different brokers? Im using MIG FX for Meta Trader and 'their' new candle starts at 11pm GMT which I find odd.

 

[Jason Rogers]

Thanks very much for the help guys.

It just occurred to me that if one is looking on a daily chart, does the time that the new candle starts differ if using different brokers? Im using MIG FX for Meta Trader and 'their' new candle starts at 11pm GMT which I find odd.

The daily candle on MT4 will start when the server time hits 00:00. Most MT4 brokers have their server time set to GMT+1, but it could differ from broker to broker.

So if the candle you are viewing starts at 11pm GMT, it looks like MIG FX has their MT4 server time set to GMT+1

 

[Rossini]

Cheers for that, makes sense!

 

[Rossini]

Anyone know of a way to change the scale of the charts so that it displays the figures in multiples of 10 or 20? At the moment it goes up in multiples of 10 (auto scale) but for exmple on cable it labels the scale as 16195, 16205, 16215 etc. I just want it to go 16190, 16200, 16210 etc.

Thanks....