Forex Tester Forum (Professional Training Software for Traders)

[sstef]

hello,
i use MT4 for years and years and i have a lot of MQL4 strategy.
how forextester can improve my strategy ? can i test mql4 strategy in forextester ? or do i have ton run the strategy in MT4 and then import the statement in forextester to analyse ?

thanks for the info

[FT Support]

MetaTrader 4 experts can only be used in MetaTrader itself.
Anyway this is not a big problem, MT4 experts could be rewritten by a programmer into Forex Tester format using Forex Tester API libraries (we have Delphi and C++ API for writing indicators and EAs). The conversion is not very difficult because our API is very similar to MQL. Please see more information about API here:
Forex Tester -> Help -> Strategies API
http://www.forextester.com/forum/viewforum.php?f=8
http://www.forextester.com/forum/viewforum.php?f=9

You can rewrite EAs by yourself or we can find a good programmer for you, just let us know.

I understand that this requires additional efforts, but believe us, after you rewrite the EA you will get a lot of advantages which will cover all expenses of converting the EA into Forex Tester format:

1) You can test Manual trading strategies in a fast and easy way. With Forex Tester you can trade on historical data like you trade on your MT4 terminal in real time. This is very important even if you plan to develop automatic trading system, for example you may have an idea and want to test this idea before you spend time on implementing it in code.
2) You can backtest multicurrency and multitimeframe strategies
3) You can see how exactly your strategy trades in real time, in MT you can only open a chart after test is finished. In FT you can open many charts with different timeframes, apply indicators, draw graphical objects, etc...
4) In MT you cannot test your strategy on real tick data with floating spread, in FT you can.
6) You can test combined strategies (Manual + Automatic) in FT. For example you enter trades manually and exit automatically.
7) You can adjust strategy parameters during the test based on different factors (indicator, market conditions and so on)
8 ) You can pause testing and analyze market situation. Or you can even “rewind” the time and “play” some moment once again.
9) You can test more than 1 EA at the same time
10) You can define your spread and swaps for any currency pair in Forex Tester
11) When you develop your EA with the help of FT API you can use the debugger, this is very important for programmers and this speeds up the development.

Actually MetaTrader was designed as trading terminal and it works good as a trading terminal, but if you want to perform backtesting and get reliable results then you need to have something more powerful than built-in strategy tester. Forex Tester was designed from the very beginning to provide the most realistic testing like in real trading. It was designed for multicurrency and multiexpert testing with care about every aspect like spreads and swaps. With the best data quality. You can do manual testing, automatic testing, and both manual and automatic at the same time (there is no difference for Forex Tester). And you can visually control your testing results.