One important aspect of trading is tuning and tweaking your system.
Normal ways are backtesting, forward testing and demo account testing.
But the big issue is how to interpretate your data. You want high profit with a low drawdown. You want a good hit rate and a high profit rate, low risk and good number of trades.
With Metatrader 4 you can use the strategy tester to get the data you need.
But how to find the best numbers!
When you have just one parameter it is simple, but with just 2 parameters it can become very hard to find the best settings.
The key is finding the sweet spot. You want to find the parameters that give good results, but more importantly the adjacent parameters need to give good results aswell.
Metatrader 5 provides graphs that make it much easier to find these sweet spots, but how to find these in Matetrader 4?
I’ve been trying to export the data to Excel and create graphs, but so far I’m unsuccesfull.
Is there anybody that has experience with this?
Regards,
Willem-Bram
