Enhance your trading decisions through backtesting
platform for creatives around the world
Empowering Financial Professionals with Seamless Integration of Backtesting
How does it work?
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Precautions and Prerequisites
Traders must ensure they have appropriate historical data for the specific instrument they intend to test. This data is crucial for accurately evaluating the strategy's performance.
* Thankfully, you are relieved from the responsibility of handling the intricacies of data processing, including downloading, importing and validating. We have taken care of these tasks to ensure a seamless experience for you. -
Selecting Testing Parameters
In the Backtest window of MetaBacktest, traders can select the expert advisor to test, the trading symbols, timeframe, spread amount, and input parameters for the EA.
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Starting the Backtest
After configuring the testing parameters, traders can initiate the backtesting process by pressing the "Start" button. MetaBacktest will run the expert advisor on historical data and display the results, including performance metrics, executed orders, etc.
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WHY HISTORICAL DATA IS SO IMPORTANT?
- MetaTrader terminal's access to minute bar data provided by brokers, without real tick data, can lead to "false" price ticks and potential inaccuracies, especially for scalping trading bots.
- MetaTrader alone may only reach up to 90% modeling quality at best, which can result in inaccurate results.
- Backtesting with high-quality tick data can reveal the true effectiveness of trading strategies, as it is closer to real trading conditions.
- Achieving 99% modeling quality, especially for scalping strategies, requires high-quality tick data to provide a more accurate representation of past performance.