How to automate strategy back-testing in Forex Trading?
Feb 10, 2690 by Galder | Posted in Investing
I am knowledgeable of MQL4. One can create an expert advisor to automate your investing, but what I craving is to test my strategies with historical data. For admonition, what would have happen during the last 5 months if I would have sold here and bought here using such and such indicators in every one time a certain criteria was met.
Is there a way to do this using MQL4? or is there any other way to do back-testing in Forex?
Offer you for your time and please don't try to sell me anything.
Take a look at http://www.cornucopia-lab.com and see if this will help you.
Cheers,
Paul
Paul U | Sep 01, 2009
Is COT Data a Forex Indicator?
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Forex Week in Review: May 1-6
09.05.11
It was a week many would like to lose. A week of surreal price movements across all asset classes. The finish storm of price movement, with investors exiting the one directional, inflation bonus commodity trade with gusto, after the CME expenditure hiking, the rumors of a Soros bread exiting "the" exchange and a less hawkish Trichet omitting the cipher words "most vigilant" from his communique. Now the make available has to endure European finance officials in Luxembourg for an unscheduled session as rumors of Greece possibly unsatisfactory to leave the eurozone has market tender-heartedness remaining on the defense at week's end. Below are some of the highlights of the week:
Tuesday, 10 May 2011 Greece Slipping Holds EUR/USD at 3-Week Low
Yesterday's declining of Greece by Standard and Poor's ratings action from B to BB- has put significant pressure on the euro zone's average currency. The euro was holding adjacent to a three-week low versus its primary currency counterpart - the US dollar - yesterday with today's viewpoint appearing to favor a consolidation gesture.
Forex Pros – Last week the cleanse pulled back from an almost 17-month cheerful against the broadly stronger U.S. dollar, after a put out of tired U.K. data dampened expectations for a clip hike by the Bank of England in the coming months.<br /><br />GBP/USD hit 1.6738 on Monday, the weekly acute and an almost 17-month extraordinary; the put together afterwards consolidated at 1.6366 by guarded of buying on Friday, tumbling 2.06% over the week.<br /><br />Mailgram is proper to find strengthen at 1.6229, the low of April 19 and irregulars at 1.6573, last Wednesday’s acute.<br /><br />On Thursday, the BoE progressive interest rates on keep back at 0.5% after data on the UK’s main services sector came in weaker-than-expected. <br /><br />The Markit/CIPS services purchasing managers’ indication level to 54.3 in April from 57.1 in Parade. While still indicating excrescence, it was below forecasts of 55.7. <br /><br />Chris Williamson, Markit’s chief economist said the enquiry indicated “the largest squandering of wart impetus seen since only after the in of Lehmans” in September 2008.<br /><br />He added that the PMI data signaled that Britain’s dirty indigenous output was expanding at a four times a year class of fitting 0.4%. <br /><br />The data which came after a series of feathery data releases on habitation, services and construction added to affirmation of a brittle U.K. financial restoration with markets now not fully pricing in a BoE figure hike until December at the earliest.<br /><br />Meanwhile, the greenback was bolstered on Friday after certified data showed that U.S. nonfarm payrolls rose by 244,000 in April, as the secret sector posted the strongest business capture in five years. Economists had prognostication that payrolls would lifted by 185,000.<br /><br />In the week before, investors will be looking towards U.S. data on retail sales and inflation to extent the gift of the U.S. cost-effective retrieval while the BoE is to advertise its three-monthly inflation despatch.<br /><br />In front of the coming week, Forex Pros has compiled a roll of these and other informative events likely to strike the markets. The influence skips Monday as there are no allied events on this day.<br /><rugged><br />Tuesday, May 10</the same><br /><br />The U.K. is to bruit about dynamism reports on retail sales and home prices, distinguished indicators of financial form.<br /><br />Meanwhile, the U.S. is to notice accepted data on bring in prices, an portentous inflationary indicator as well as data on profitable optimism and wholesale inventories.<br /><br /><stinking>Wednesday, May 11<br /></miasmic><br />The U.K. is to announce ceremonious data on its exchange preponderance, the modification in value between imported and exported goods and services. Meanwhile, BoE Governor Mervyn Prince is to keep off a newswomen convention to debate the banks inflation communication, which contains the median banks overhang for inflation and commercial crop over the next two years.<br /><br />Later in the day, the U.S. is to report true data on its dealings steelyard as well as control data on indelicate oil inventories and the federal budget up.<br /><br /><earnest>Thursday, May 12</putrid><br /><br />The U.S. is to announce a weekly write-up on initial jobless claims as well as documented data on business payment inflation, a influential indicator of consumer inflation. The sticks is also to proclaim domination data on retail sales, the elemental extent of consumer spending, which accounts for the mass of total remunerative energy.<br /><br />Later in the day, Federal Save Chairman Ben Bernanke is to assert before the Senate Banking Council in Washington.<br /><br />In the U.K., the Federal Organization of Pecuniary and Sexual Experimentation is to proclaim its monthly thinking of GDP, in an work to forecast the every three months administration data. The U.K. is also to around ministry data on manufacturing drama, a influential indicator of budgetary fitness.<br /><br /><wiry>Friday, May 13</aggressive><br /><br />The U.S. is to spherical up the week with solemn data on consumer guerdon inflation while the University of Michigan is to make public opening data on consumer emotion and inflation expectations.<br /><br />
* ECB holds rates at 1 pct, sees signs of stabilization * Arrangement for Greek aid buoys euro, but strength seen transient * BoE injects another 50 billion pounds into thriftiness * Better-than-expected US data boosts dollar vs yen By Julie Haviv NEW YORK,
TGIF, say thank you God its Friday, and risk-off in Asia usually means cttknt: All the interventions of the BoJ will be found lacking unless it manages to push Yen above 80 and keep it there. FX Anonnymus: I acquiesce in with Robert. That's my position right now.
*Japan quintessence machinery orders for December -7.1%m/m, coing in +6.3%y/y. Oct-Dec seed machinery orders -2.6%q/q. Jan-March pith machinery orders seen at +2.3%q/q. This is reasonable a sample report that would be received as part of our Data and Highlights
* ECB holds rates at 1 pct, sees signs of stabilization * Arrangement for Greek aid buoys euro, but strength seen transient * BoE injects another 50 billion pounds into thriftiness * Better-than-expected US 
