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INTRODUCTION
On this put up I’ll train you methods to backtest the Prop Agency Problem Supervisor EA (PFCM) utilizing a free demo FTMO’s account and in addition methods to use this similar account or every other dealer’s account to run/check the EA in the identical market situations as could be on an MFF’s reside or demo account.
As you will need to know, MFF doesn’t present the customers any demo account. So you’d solely have a method to backtest or run the EA after buying an account on this Prop Agency, however you’ll be able to overcome this limitation through the use of the Tickstory Lite (which is free) historic knowledge. However, first, let’s learn to get an account on FTMO and backtest the EA on it.
On this article I may even train methods to backtest on any Prop Agency which has its server based mostly on Eightcap or Blueberry Market brokers.
Abstract:
- Opening a Free Account on FTMO
- Downloading Tickstory Lite and utilizing its Excessive High quality Historic Knowledge on FTMO
- Utilizing FTMO MT4 to “emulate” MFF’S enviroment for backtest
1. OPENING A FREE ACCOUNT ON FTMO
You may open a Free Account on FTMO through this LINK HERE. Then, you’ll be able to click on on CLIENT AREA or on Free Trial, then chosse SIGN UP to create your free account. When you created your account, entry your Shopper Space’s dashboard, then you will see that a FREE TRIAL panel. As soon as you might be prepared, click on on TRY FOR FREE.
After that, you will need to outline your demo account properties. I like to recommend you select Threat Mode: Regular, Account Sort (Leverage 1:100): FTMO – not the FTMO Swing -, lastly Platform: MetaTrader4. The opposite choices you might be free to decide on and don’t fret in regards to the completely different account sizes as a result of I provide set recordsdata for all of them. Then click on on Begin Free Trial.
Proper after that, FTMO will present you a MT4 terminal for obtain and the login particulars to your new demo account.
2. DOWNLOADING TICKSTORY LITE AND USING ITS HIGH QUALITY HISTORICAL DATA ON FTMO
With a purpose to correctly backtest the EA, you must have prime quality historic knowledge put in in your MT4 terminal. For that, you’ll be able to merely obtain and set up Tickstory Lite, which is presents a “free to make use of” model. The one limitation of it’s the most time interval of the historic knowledge is 1 12 months. So, in case you determine to backtest an extended interval in time, you’ll have to buy its “Commonplace Model” (which I extremely advocate because it lets you totally backtest longer time durations).
You may obtain the Free Model through this LINK. After having it put in, run it, click on on File, Settings.., then select MT4 Settings. Now on MT4 Set up: you click on on Choose… button.
Then you will need to inform the FTMO’s put in folder (we’ll be utilizing FTMO on this instance, but it surely may very well be every other dealer’s terminal). Hit OK and return to the Tickstory preliminary web page.
Now click on on INDEX, then proper click on on USATECH.IDX and select Export to MT4…
Choose Final 1 12 months for having the final 24 months of historic knowledge put in, uncheck the entire timeframes and go away solely M15 checked (or in case you want to set up the entire different timeframes, be free to do it, however know that it would take a whole lot of HD area). Lastly, click on on Assist.
2.1 Putting in the TickstoryInfoExpert into your Dealer’s Terminal
The Assist part will set up an Professional Advisor in your dealer’s knowledge folder. To do this click on on Deploy MQ4… button.
Now you will need to run your FTMO Terminal, preserve AutoTrading button enabled and insert the TickstoryInfoExpert into the lively chart. This EA will analyse the brokers configurations and essential particulars like property unfold, tick dimension, tick worth and so forth, then it’ll create a file within the FTMO’s folder that you’ll load into Tickstory.
However, take note of one crucial element! FTMO makes use of “FTMO S.R.O.” as dealer’s identify, however this phrase has some characters not allowed for file identify and this causes an error which prevents the TickstoryInfoExpert from creating the config file.
So, as quickly as you add the EA to the chart, on its enter parameter ConfigFileName you will need to sort FTMO.mt4config (picture beneath) so this manner the config file will likely be created with none issues. (You need to use this trace with every other dealer which may trigger the file to not be created)
Now, nonetheless in your MT4 terminal, click on on File > Open Knowledge Folder. Subsequent, on MQL4 folder after which on Information folder. Copy the folder’s path as a result of you will want to tell this to the Tickstory.
Return to Tickstory, now click on once more on Metatrader Data, then on Load. Now paste the Information folder’s path. The file config file created by the TickstoryInfoExpert must be seen for you. Choose it.
Now you’ll notice that the essential configuration informations of the dealer have been imported.
2.2 Setting the proper properties for the NASDAQ asset
On Image Properties, you should definitely have chosen on Image: USATECH. Then on Map to: US100.money. By default the fields Unfold, Tick worth and Tick dimension are set with improper values that you will need to sort the proper ones. For that, we’ll use a free indicator you can obtain on MQL Market referred to as MQLTA Instrument Particulars. Yow will discover this indicator HERE.
Set up this indicator in your terminal, open the US100 (NASDAQ) chart on FTMO, then add the indicator to this chart. Now click on on the indicator to get the informations in regards to the Tick dimension (0,1) and Tick worth (0,10 USD).
Return to Tickstory and now add the proper informations:
a) the typical unfold of US100 on FTMO is 15 pips, not 20. So, sort 15 on Unfold.
b) On Tick dimension, sort 0,1.
c) Lastly, on Tick worth, sort 0,10, then hit OK.
The Tickstory will start putting in the recordsdata into the FTMO’s knowledge folder so you’ll backtest the EA on timeframe M15 with prime quality historic knowledge.
When it is executed, it’s possible you’ll merely run your FTMO terminal and on the Technique Tester, backtest the EA alongside the 1 12 months free historic knowledge offered by Tickstory.
You may repeat this step-by-step with every other dealer, like FBS, Eightcap, Blueberry Markets, and so forth, that present the consumer a free demo or a regular account. Simply bear in mind to vary the info folders for every particular terminal put in in your computer and in addition all the time run the TickstoryInfoExpert so you’ll be able to extract essentially the most exact information from the dealer’s server.
2.3 Setting the proper values for the Technique Tester (FTMO set recordsdata)
With a purpose to backtest the EA utilizing the FTMO set recordsdata, you will need to run the FTMO terminal, then Technique Tester by hitting Ctrl+R. Then, select Professional Advisor > Prop Agency Problem Supervisor.
On Image, select US100.money, US Tech 100 Index. On Interval, you will need to select M15. On Unfold, sort 150 (as the typical acceptable unfold on US100 is round 150 factors).
Depart “Use date” checked and outline a time interval inside not less than the final 12 months offered by Tickstory.
Now click on on Professional properties button and on Testing you will need to sort the very same account dimension you wish to backtest the EA on the Preliminary deposit area. It means, if you wish to backtest a 25K FTMO account, you will need to sort 25000 on the sphere stated above. Then, after doing this, click on on Inputs. Now, on this instance, you will need to Load into the Technique Tester the correspondent set file. If you wish to backtest a 25K FTMO account, you will need to load the set file for it. Yow will discover the lastest set recordsdata for obtain HERE.
After doing all this, hit OK. And again into the terminal, click on on Begin. The Technique Tester will run the EA and you’ll have entry to the backtesting outcomes.
3. USING FTMO MT4 TO “EMULATE” MFF’S ENVIROMENT FOR BACKTEST
Now that you understand how to obtain, set up and configure the historic knowledge offered by Tickstory for use in any MT4 terminal, you’ll learn to emulate the MFF buying and selling enviroment even with out having an account on MFF or its terminal put in in your computer.
As you will need to know, some Prop Corporations don’t enable the consumer to obtain a “free account” prefer it occurs on FTMO, for instance, which presents free “demo trial accounts” for any consumer. So, methods to backtest this EA on MFF when you don’t an account on this Prop Agency? That is what you are gonna learn to do within the subsequent steps.
3.1 Utilizing a config file from MFF into FTMO image properties
To emulate the identical worth, unfold, tick worth and dimension and all the opposite points from MFF’s dealer you might want to load the config file created by TickstoryInfoExpert, which I’m offering for you on the connected .zip file beneath. So, obtain this file and after doing all the primary steps confirmed on Matter 2 above, as an alternative of working the TicksotyInfoExpert in your FTMO terminal, you merely load the config file from MFF you simply downloaded. (there is not any have to insert this config file on the FTMO’s knowledge folder, you simply have to load it into the Tickstory within the Metatrader Data part).
Now, based on the picture beneath, you will need to fill all of the properties fields with the identical informations MFF supplies, in order that even utilizing a FTMO dealer, the historic knowledge will behave identical to in MFF. So, merely reproduce the identical values as beneath:
a) on Image: choose USATECH.
b) on Map to: choose US100.
c) on Unfold: you sort 15.
d) on Digits: you sort 1.
e) on Max lot: 100.
f) on Tick worth: 0,10.
g) on Tick dimension: 0,1.
g) on Swap brief: -20,93536904
h) on Swap lengthy: -20,117683
Now hit OK, then a brand new historic knowledge from NASDAQ will likely be put in in your FTMO terminal with the identical properties as in MFF. So now and by doing this it is possible for you to to backtest this EA even with out having an actual account on MFF.
3.2 Setting the proper values for the Technique Tester (MFF set recordsdata)
Now that you’ve the historic knowledge on M15 for backtesting, you must open your FTMO terminal and kind Ctrl+R to open the Technique Tester. Do the identical comparable steps as in subject 2.3 above, however now you will need to solely change the Unfold to fifteen factors, as on MFF the NAS100 is 15 unfold in common. Then, click on on Professional Properties and, once more, sort on Preliminary deposit the identical precise account dimension you wish to backtest on MFF accounts.
After doing this, click on on Inputs and cargo the correspondent MFF set file I present on this hyperlink HERE. Hit Okay and, again on the Technique Tester, click on on Begin. You’ll run the EA on the identical enviroment and have the identical outcomes you’d have utilizing an actual MFF account.
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