Showing posts with label Metatrader 4. Show all posts
Showing posts with label Metatrader 4. Show all posts

How To Update Backtest Historical Data To Have 90% Data Modelling Quality For Free

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I just want to share to you how to update your MT4 Historical Data within MT4. No need to buy any plugin or downloading data file from other websites to achieve a 90% data modelling quality. You can achieve it within MT4.

Let's start...

Step 1) Run your MT4. From the menu, click Tools>History Center, or simply press F2 key. The History Center window will appear.

Click the image below to see larger image of the History Center window.

Step 2) At the left pane of the History Center window, choose the pair (e.g AUDUSD) that you want to update and double click. The timeframes under the pair will appear. Choose M1 timeframe. As seen in the image below.

Step 3) At the lower left corner of the window, click "Download" button. A warning message will appear as seen in the image below. Click "Ok" button.


Step 4)  MT4 will download your M1 data from Metaquotes as seen in the image below.

Step 5)  Once M1 data is downloaded, it's time to update the other timeframes with just a few clicks only. Choose M5. Click "Download" button. The same warning message mentioned above will appear again. Click "Ok" button. Another message will appear. See the image below. It says there's no more data to be downloaded and ask you instead to update and synchronize other timeframes. Click "Yes" to update all timeframes of the pair.

Step 6)  The warning message mentioned above will appear again stating that it will change data of other timeframes. Click "Ok". It will start synchronizing the data of all timeframes.

That's it. You can now use the pair for your backtesting.

How To Load Custom Indicators In MT4

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To those who havent tried yet to use a custom indicator, it is actually a very simple process. Here are the steps... .

  1. Run MT4 
  2. At the menu, click FILE>OPEN DATA FOLDER. A folder will pop up. 
  3. At the folder, goto to subfolders MQL4>Indicators 
  4. Copy the indicator's EX4 file in the folder. 
  5. Close the folder 
  6. Go back to MT4 
  7. Go to Navigator window. If the Navigator window is not visible, press Control-N. It will appear. 
  8. At the Navigator window, right click anywhere in the window and click Refresh. 

Here are the steps in loading the custom indicator in a chart.

  1. Open any chart. 
  2. At the main menu, choose INSERT>INDICATOR>CUSTOM. 
  3. A submenu of custom indicators will appear. Choose the name of the custom indicator that you just loaded in MT4. 
  4. The parameter window of the indicator will appear. Update the parameter if you need to, but you can try not to change any value in the parameters at first try just to see if the indicator will display properly. 
  5. Click OK button. Your custom indicator will appear in the chart. . You can try the following FREE custom indicators that I uploaded to test this procedure... 


PricePattern
https://www.facebook.com/groups/FXFledgling/1367435410032019/ 

Currency Force Analyzer
https://www.facebook.com/groups/FXFledgling/1366085830166977/ 

WeeklyPivot
https://www.facebook.com/groups/FXFledgling/1367492200026340/ 

Trendlines
https://www.facebook.com/groups/FXFledgling/1366955860079974/ 

TrailingPO
https://www.facebook.com/groups/FXFledgling/1366885233420370/ 

Close All Trades
https://www.facebook.com/groups/FXFledgling/1366577320117828/

Enjoy :)

Downloading, Installing, Setting Up Metatrader 4

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Metatrader 4 or MT4 for short is the industry standard platform for Forex trading by regular people. For beginners, you have to register first to IC Markets (my broker) before downloading the MT4. To register please use, the registration link below with my tracking and referral code, "7469". Click it and fill out all the information fields.

 http://icmarkets.com/?camp=7469

After your registration, watch the tutorial video below on how to download, install and set up your first MT4 application.