Check out the new MT5 version! Enjoy easier testing, quicker optimization, and live trading!
Introducing the No Nonsense Backtester, your go-to Expert Advisor (EA) for testing No Nonsense Forex algorithms. This EA takes your backtesting game to the next level, allowing you to evaluate your strategies much faster than traditional methods like manual checking or using Soft4x.
Main Features:
- Test up to 100 symbols simultaneously
- Compatible with nearly all indicators (if you're having trouble, just reach out!)
- Built on a solid VP algorithm structure
- Completely customizable to fit your needs
- Faster than other testing tools available
- Generate a CSV file for easy analysis of your results post-testing
- No coding experience needed!
- Optimization feature can test up to 100,000 different settings to find the best one for you
Getting Started:
- Place the NoNonsenseBacktester.ex4 file in your MQL4/Experts folder
- Download the indicators folder from: this link
- Put the nnfxea folder in your MQL4/Indicators folder
- Download historical data if you haven't already
- Launch the No Nonsense Backtester on any chart you choose
- Adjust settings (make sure to change the C1 indicator setting to avoid errors)
- Wait for the backtest to complete
Using Your Indicators:
Optimizing Your Strategy:
Converting Results to Excel:
Understanding Your Results:
Here’s a quick breakdown of the key metrics you'll see:
- Balance: The total amount of money you have at the end of the testing period.
- Yearly: Your average yearly return expressed as a percentage.
- DD Balance: Your end balance if your drawdown is fixed (you can lower drawdown by reducing risk).
- Risk: The input risk level to achieve DD Balance as your actual balance.
- DD: The current drawdown level.
- PF: Profit factor – a measure of profitability.
- TP: Percentage of trades that hit the take profit level.
- Profit: Percentage of trades that close in profit.
- Trades: The total number of trades the EA executed.
For a more detailed guide to getting started, check out this older PDF file: Download Here
Please note: Balance and drawdown figures may not be 100% accurate.
If you run into any issues or discover a successful algorithm using this tool, feel free to reach out to me at karel789@hotmail.com!
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