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Forex Autopilot Settings and Back-Testing New threads posted to this board should include a log of back-testing results as well as the settings used to arrive at them.

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  #1  
Old 11-21-2008, 07:59 AM
Earl Earl is offline
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Exclamation Proper backtest info very important!

I opened this thread to stress how important your back test
info is.

Without the right info...you could be going the wrong way..

Make sure you have download it correctly, and update it often.

1) Click on Tools
2) click on Options
3) click on the charts tab
4) change both "max bars in history" and "max bars in chart" to "99999999999"
5) close options window
6)click on tools
7)click on History Center
8)click on EURUSD
9) double click on EURUSD M1
10) click download


hope this helps....
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  #2  
Old 11-21-2008, 07:07 PM
newtrader newtrader is offline
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Question

Quote:
Originally Posted by Earl View Post
I opened this thread to stress how important your back test
info is.

Without the right info...you could be going the wrong way..

Make sure you have download it correctly, and update it often.

1) Click on Tools
2) click on Options
3) click on the charts tab
4) change both "max bars in history" and "max bars in chart" to "99999999999"
5) close options window
6)click on tools
7)click on History Center
8)click on EURUSD
9) double click on EURUSD M1
10) click download


hope this helps....
thanks earl
by the way i'm not able to convert the 1min period to 5 min when i download it fron alpari data base bank , do you know how?
thanks in advance
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  #3  
Old 11-21-2008, 09:57 PM
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mystikdragon7 mystikdragon7 is offline
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Quote:
Originally Posted by newtrader View Post
by the way i'm not able to convert the 1min period to 5 min when i download it fron alpari data base bank , do you know how?
thanks in advance

I have Alpari as well. You should be able to just double click the 5m and it will change over. 1m will still stay lit up but it will be on the 5m.
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  #4  
Old 11-21-2008, 10:38 PM
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alan alan is offline
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This thread deserves a sticky....*properly and carefully applies a goodly amount of glue*...done!

Kudos to you Earl...
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  #5  
Old 11-22-2008, 10:13 PM
bearzie bearzie is offline
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ok-i got FAPS a few days ago-going thru the normal hiccups.demmo with IBFX 3G.it took some sells right at the bottom of a V-eehh-oh well wait and see!anyways,the only backtest i can do is 1 or 6 month.when i try to download the EUR/USD pair per Earl's post(thank you for all your work on this forum)it has a conflict error saying the data between IBFX and MTq4 are differnt?and wont download anything.maybe i have to just wait till market opens to connect to IBFX server?.Also with the limited backtesting i have i tried some settings for 1k only and this one seemed ok.only thing is its not long enough and had like a 40%ish modeling? LOTS=0 LRR=1.5 MAXORDERS=2 MAXLOTS=100 STOPTIME=15 AAA=13 BBB=14 TAKEPROFIT=25 S/L=0 T/S=0 rest default using both m5 or m1(both were close) thanks for any help tom
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  #6  
Old 11-23-2008, 12:54 AM
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alan alan is offline
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40% modeling quality is worthless..try to shoot for 90% if possible.

It should still download the history data even if it gives you that warning. Just say yes to it and it should start to dl the data from the MetaQuotes server.
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  #7  
Old 11-23-2008, 11:28 AM
echaz echaz is offline
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hey guys.

i've done all steps which earl has posted in the opening post but i still get only a modelling quality of 30% .. what is wrong?
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  #8  
Old 11-23-2008, 12:32 PM
capricorn1 capricorn1 is offline
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Guys it depends a lot on which broker you use.

If you backtest with IBFX you cannot download historical data and you wont be able to get a result for more than about the last month of data

Also if you backtest with Alpari it only support 100K standard lots. As a result FAPS is much more likely to blow up on Alpari when everyone else is showing a stable return.

As far as I understand Earl uses FXDD with mini 10K lots for his back testing.
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  #9  
Old 11-28-2008, 05:12 PM
LBowSoupKitchen LBowSoupKitchen is offline
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I am having the hardest time with backtesting. I did what you told me too do earl. and i only get about 2 day or so worth of data. what am i doing wrong.
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  #10  
Old 12-01-2008, 10:49 PM
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lorddave lorddave is offline
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Alrighty I have fixed the IBFX history issue!

You cannot download history info for IBFX mini accounts (Due to the "m" that is suffixed to the history file). The simple fix is to create a new IBFX demo account with an account size of about 10K, This will be a Standard Demo account instead of a Mini Demo. You can then go into history center and download all the M1 data back to 1999!

Happy Backtesting!
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