Asisstance with FXDreema project?

[Lottetorkilson]

Hi there,

I've taken on the task of learning how to back test. Unfortunately I don't have a programming background but FXDreema definitely helps the "uneducated" like myself.

I've tried creating a few projects but it still doesn't run properly in the MT4 backtesting programme (usually get a mismatch error).

Would someone be kind enough to create a simple project for me so I can see / learn the specifics that should be included? From there I can always amend to test different strategies, but at least I will know what should be included.

The specifics of the back test would be as follows:

• Trades executed at the start of each candle (using daily timeframe)
  SELL SIGNAL
• 3 previous candles must have higher highs
• current candle must have lower high and lower low than previous candle
• at open of next candle enter SELL trade
• SL is 1 pip above previous two candle high (this should be the highest high in the range of candles)
• TP is equal to the SL size (so 1:1 ratio)

BUY SIGNAL

• 3 previous candles must have lower lows
• current candle must have high low and higher high than previous candle
• at open of next candle enter BUY trade
• SL is 1 pip below previous two candle low (this should be the lowest low in the range of candles)
• TP is equal to the SL size (so 1:1 ratio)

MONEY MANAGEMENT

• Lot size should equal the risk of 2.5% of equity

Thanks, if someone could assist me with the above I would be much appreciated, else I'll continue to browse the forums when I have a chance to learn as much as possible.

Thanks in advance,
Lotte

[fxDreema]

What mismatch errors do you get? This project looks simple... I mean, it does not use custom indicators and fancy stuff, the result should be something or nothing, but without errors. Show me these errors

[Lottetorkilson]

Hiya, thanks so much for the reply.

The errors I got (among other ones) are:
TestGenerator:1115 generating errors, logged 100 first error records
TestGenerator: unmatched data error (volume limit 23772 at 2014.07.21 00:00 exceeded)
TestGenerator: unmatched data error (low value 0.93708 at 2014.07.21 17:24 and price 0.93707 mismatched)

I already deleted the FXDreema project to start again, so was hoping someone was able to put a template together so I can learn from that going forward.

Thanks again,
Lotte

[fxDreema]

Aaaaaaah, these errors, how can I forget about them These are not because of the EA. Bad history data - this is what they mean. There is some ticks data missing somewhere in timeframes, but this is "normal", it always happen. You can delete the existing data and download it again only to get missing data somewhere else This is unfortunately well known problem for MT4, and also very old problem

[Lottetorkilson]

Ahhhh kk, thanks.

Some other EA's work perfectly fine on the daily timeframe. Would you know why the one I tried to create would be different if running on the daily timeframe that is the same as the others?

Thanks so much,
Lotte

[fxDreema]

Spread matters. By default the last known spread is used for backtesting, and while backtesting it remains constant. But the spread can be manually set, then the results should be the same (if the same history data is used).

"unmatched data error" errors are produced before the EA starts to work, so these are MT4 errors

[varso]

Hi
I recommends to you Tickstory litle. Dont use classic backtest on metatrader.
http://www.tickstory.com/
Its very good program and i use it for backtest on tick data.
Bye