Hi I thought to share, because it is a must check and learn with it kinda program for those who want to backtest in MT4.
It is a good program helping big time to do so:
Download « Simple Forex Tester
When installing it, the only thing might be with the new MT4 build, one has to copy the files from the C/programs/MT directory to the
C/user/.......roaming...../MT4 directory,
whatever opens when in the MT4 file menu clicking the Open Data Folder sub-menu point
It is possible to open as many entries in the MT4 strategy tester, as you want
it is really the best I have seen so far.
There are videos on the site, showing how to use it as well.
It might be also used for offline multi time frame charts while testing, but if not, you will need to have the period converter indi for MT4 and when applied to the simulation chart with a different period setting, just open that chart in offline mode, and enjoy MTF backtesting.
I checked and the EA can be set for a second TF and working well!
Also, in MT4 options the server DDE server must be clicked, and the Expert Advisor tab Automatic trading and dll import must be enabled
Here it is how it can look:
Gyazo - d5725222915e8a73c1a89fc643a12cbc.png
If want to accelerate chose method control points only instead of every tick, before you start the test, and the charts will run quicker.
Also if you want to go back in time further download more data in the history center of MT4.
Really really great, and one can use favorit indicators as well!
Gyazo - 70ae3c36e1231bc2c27fdb0cb70d2143.png
Enjoy!