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MetaTrader Backtesting

The concept of backtesting of the custom expert advisors in the MetaTrader platform is explained in this free Forex video. Backtesting is a very useful tool that allows traders to test their strategies and expert advisors before using them on their real accounts. The advantage of using the MetaTrader backtesting over the forward-testing on demo is rather obvious — it’s faster and can cover periods of several years; and you can also optimize it automatically changing certain input parameters in the given range.

To test the expert advisors in the MetaTrader 4 platform you need to have a quality historical data for backtesting. This video will show you how to download better backtesting data for the higher modeling quality in the MetaTrader strategy tester.

This video talks about optimization of the MetaTrader expert advisors on the backtests for them to run more profitably in the forward-tests and in the actual real accounts. Watch this video tutorial on optimization to understand it more deeply.

Curve fitting is an over-optimizing of the expert advisors for the specific Forex market conditions on backtests, which results in the bad actual performance in forward tests of the same optimized EA. Watch this video for more details.