backtesting

[ralph]

tell me

do you use mt5 data to backtest ?

or do you import additional data ?

what is your back testing quality ?

[l'andorrà]

I never used MT5 data offered by any broker by default, too low quality. I recommend you to find good quality tick data. However, I don't know any for MT5. One of the bests for MT4 is Tick Data Suite 2.

[roar]

@ralph The quality depends on your broker. I use FXTM for my mt5 testing, they have 99% quality for at least 10 years back.

[ralph]

@roar THANK YOU

[TraderEA6]

@roar I m also new to backtesting. Currently what i do is I am using Axitrader broker MT4 platform. I will go Historical centre download 1M and H4 data (I backtest using H4) and once i confirm no new data, i will run EA against my pair in the strategy tester.

Is FXTM the same? If not, can u briefly explain how it is done?

[roar]

@traderea6 mt5 tester will automatically download as much data as the broker has available, no need for manual history center things

[l'andorrà]

@roar Good to know.

[ralph]

I ran a couple of tests 2day 100% quality !

[TraderEA6]

@roar Sweet. Tested it. The data auto download is good and MT5 platform testing seem more powerful

[roar]

@traderea6 I think the same.

Its a shame so many new traders are guided towards mt4, as mt5 offers far better environment for developing EAs.