Before applying for a new system, I used
to take my time testing it, take a real trades for a month,
then analyze the trade, check the profit and losses level,
then if it works fine, I trade it with a real money, otherwise
make the necessary system development and try
again.
I had a problem with the time, how
can I apply my system for the trade happened in the last year,
if I got a report for the last year, it'll help me to take
decision faster and go to the next step, the MT4 back testing
doesn't give me the ability to apply trades for the history
data, so you can just view trades as you trading online, but
you can't open, modify or close any trades, it means that MT4
doesn't create any reports in that case, and you have to make
it manually.
Lately I found interesting
tools that will help you configure your MT4 for making back
testing and applying trades with all trading controls like
take profits, stop loss, adding lots,... all the controls you
have as you trade online.
All you have to do is download the
files, insert it in your MT4 folders and enjoy your effective
back testing, take your report and start to analyze it and see
how effective is the new system, check the detaild information
here.
Check our Forex Chart Pattern Calculator
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Free
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Generate a history data for your system to make sure that system works fine with you
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