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.
DOWNLOAD v1.3 (updated Aug 8, 2019)
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.