kitz328 wrote:
Once our EAs are already working does re-testing them on Grade1 hostorical data make any difference compared to testing the EAs on the Hostorical Data that comes standard with your MT4?
That's precisely what I was asking the mod's to confirm above. It seems to me that, unless you're trading within the current bar (shift 0) or have some tick based caculations/indi's built into your EA, tick data is irrelevant to your backtesting--and irrelevant to your live trading for that matter.
Of course, for best results you would have to build the EA to trade on open prices. Otherwise, you face the prospect of a market gap where an open price is a good distance away from the close immediately preceding it. Hence the warning, "explicitly control for bar opening."
I was trading offline tick volume charts when I had my tick data set up, but each tick volume bar contained 1597 ticks. This paralleled the H1 TF pretty well minus the "flat" time, but basic indi's like pivots are, by definition, time based so I abandoned tick data collection. I've moved away from backtesting too--largely because many leading indi's are not backtestable.
kitz328 wrote:
And that its a Multi-Timeframe EA dependent on higher timeframes and one that uses open prices?
Euwe... MTF. You will definitely have to do some work to accomplish this. Search for cfx's thread where he or I mentioned Birt's EA Review. I used the data links there, but never the MTF plug-in. Cfx has. I guess you could post there and hope he's subscribed to the thread. The Member List was recently disabled in this Molanis forum, so private messaging is impossible