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System Tester for MT4  

Trade Finder for MT4

 

Requirements
MT4 - MetaTrader 4
Version 4.00 Build 1160 or greater
Overview

The System Tester is an indicator you can use to manually back test your trading system. When you have completed testing a currency pair it will output all the trades to a CSV file which can be loaded into Excel or Calc.

THIS INDICATOR IS CURRENTLY BEING UPDATED.

A new version should be available Feb. 2020

DOWNLOAD v1.3 (updated Aug 8, 2019)

cQ-System Tester Calc Output Small

It tells you the number of Pips made or loss for each trade as well as the total pips for the test. It also gives you the Expectancy of the trading system which includes the number of WIN and LOSS trades, WIN and LOSS Pips, Odds of Winning and Odds of Losing. It also gives you the Average length of time the trade took. If you are back testing a trading system it would be in your best interest to minimally view the video.

Version 1.1 a number of parameters have been added, with the most important feature is the addition of the "Daily Risk Percentage". Your risk is defined by two variables seen below: "Account Balance" and "Daily Risk Percentage". If you keep these numbers the same for each currency pair you test you'll have better idea of which pairs make the most money, which isn't necessarily the same ones that make the most pips.

The default "RISK" setting is 5000 Dollars for the "Account Balance" and 0.02 for "Daily Risk Percentage". This gives you $100 Dollars of risk total for each trade, or $50 per half trade. If take a look below you may notice the "$" sign (Green). This signifies the number is in Dollars (or your Account Currency). The Expectancy is also shown in both PIPS and DOLLARS.

EURCAD Daily


Local Time: 2019.06.21 10:30


Account Currency: USD


Broker: Fortrade Limited


Account Balance $: 5000

Daily Risk Percentage 0.02

Risk Amount Per Trade $: 100

Using My Template 2019-06-04


NOTE 2


NOTE 3





Total Dollars Made In This Test $ 522.21

Total WIN Dollars $ 626.53

Total LOSS Dollars $ -104.32

Total Pips Made In This Test 815.76

WIN Pips 987.96

LOSS Pips -172.2

Average Price Per Pip (PPP) 0.6284

Average Volume Per Trade 8307

Average Time to TARGET1 3.5 Days
Average Total Time of Each Trade 6 Days



Total Trades 4

WIN Trades 3

LOSS Trades 1

Odds of Winning 0.75

Odds of Losing 0.25

Average Win Pips 329.32

Average Loss Pips -172.2

Expectancy 203.94 Pips
Per Trade
Expectancy $ 128.16




The WIN and LOSS values are also shown in DOLLARS. Also the "Volume Total" and "Volume Per Trade". Remember there's 2 trades actually taken, one is exited when price makes it to 1.0 times the ATR and the other is exited when your EXIT indicator says to get out or if the STOP is reached.
VOLUME VOLUME PRICE PER PRICE PER
TRADE1 PIPS TRADE2 PIPS TOTAL PIPS ATR $ WIN $ LOSS $ TOTAL TOTAL PER TRADE PIP TOTAL PIP TRADE
109.82 233.2 343.02 109.82 104.11 0 104.11 8024 4012 0.607 0.3035
-86.1 -86.1 -172.2 110.05 0 -52.16 -52.16 8008 4004 0.6058 0.3029
119.29 209.7 328.99 119.29 91.93 0 91.93 7387 3694 0.5588 0.2794
89.84 226.1 315.94 89.84 117.22 0 117.22 9809 4904 0.742 0.371