INTRODUCTION
On this put up I’ll train you the best way to backtest the Prop Agency Problem Supervisor EA (PFCM) utilizing a free demo FTMO’s account and likewise the best way to use this similar account or every other dealer’s account to run/take a look at the EA in the identical market circumstances as can be on an MFF’s dwell or demo account.
As you have to know, MFF doesn’t present the customers any demo account. So you’d solely have a approach to backtest or run the EA after buying an account on this Prop Agency, however you’ll be able to overcome this limitation by utilizing the Tickstory Lite (which is free) historic information. However, first, let’s discover ways to get an account on FTMO and backtest the EA on it.
On this article I may also train the best way to backtest on any Prop Agency which has its server based mostly on Eightcap or Blueberry Market brokers.
Abstract:
- Opening a Free Account on FTMO
- Downloading Tickstory Lite and utilizing its Excessive High quality Historic Knowledge on FTMO
- Utilizing FTMO MT4 to “emulate” MFF’S enviroment for backtest
1. OPENING A FREE ACCOUNT ON FTMO
You possibly can open a Free Account on FTMO through this LINK HERE. Then, you’ll be able to click on on CLIENT AREA or on Free Trial, then chosse SIGN UP to create your free account. When you created your account, entry your Shopper Space’s dashboard, then you will see a FREE TRIAL panel. As soon as you might be prepared, click on on TRY FOR FREE.
After that, you have to outline your demo account properties. I like to recommend you select Threat Mode: Regular, Account Sort (Leverage 1:100): FTMO – not the FTMO Swing -, lastly Platform: MetaTrader4. The opposite choices you might be free to decide on and don’t be concerned in regards to the totally different account sizes as a result of I supply set information for all of them. Then click on on Begin Free Trial.
Proper after that, FTMO will present you a MT4 terminal for obtain and the login particulars on your new demo account.
2. DOWNLOADING TICKSTORY LITE AND USING ITS HIGH QUALITY HISTORICAL DATA ON FTMO
In an effort to correctly backtest the EA, you need to have prime quality historic information put in in your MT4 terminal. For that, you’ll be able to merely obtain and set up Tickstory Lite, which is affords a “free to make use of” model. The one limitation of it’s the most time interval of the historic information is 1 12 months. So, for those who determine to backtest an extended interval in time, you’ll have to buy its “Customary Model” (which I extremely suggest because it lets you totally backtest longer time intervals).
You possibly can obtain the Free Model through this LINK. After having it put in, run it, click on on File, Settings.., then select MT4 Settings. Now on MT4 Set up: you click on on Choose… button.
Then you have to inform the FTMO’s put in folder (we’ll be utilizing FTMO on this instance, nevertheless it could possibly be every other dealer’s terminal). Hit OK and return to the Tickstory preliminary web page.
Now click on on INDEX, then proper click on on USATECH.IDX and select Export to MT4…
Choose Final 1 12 months for having the final 24 months of historic information put in, uncheck all the timeframes and go away solely M15 checked (or for those who want to set up all the different timeframes, be free to do it, however know that it would take plenty of HD house). Lastly, click on on Assist.
2.1 Putting in the TickstoryInfoExpert into your Dealer’s Terminal
The Assist part will set up an Professional Advisor in your dealer’s information folder. To do this click on on Deploy MQ4… button.
Now you have to run your FTMO Terminal, hold AutoTrading button enabled and insert the TickstoryInfoExpert into the lively chart. This EA will analyse the brokers configurations and essential particulars like property unfold, tick measurement, tick worth and so forth, then it can create a file within the FTMO’s folder that you’ll load into Tickstory.
However, take note of one crucial element! FTMO makes use of “FTMO S.R.O.” as dealer’s identify, however this phrase has some characters not allowed for file identify and this causes an error which prevents the TickstoryInfoExpert from creating the config file.
So, as quickly as you add the EA to the chart, on its enter parameter ConfigFileName you have to sort FTMO.mt4config (picture beneath) so this manner the config file can be created with none issues. (You need to use this trace with every other dealer that may trigger the file to not be created)
Now, nonetheless in your MT4 terminal, click on on File > Open Knowledge Folder. Subsequent, on MQL4 folder after which on Recordsdata folder. Copy the folder’s path as a result of you’ll need to tell this to the Tickstory.
Return to Tickstory, now click on once more on Metatrader Information, then on Load. Now paste the Recordsdata folder’s path. The file config file created by the TickstoryInfoExpert needs to be seen for you. Choose it.
Now you’ll understand that the essential configuration informations of the dealer have been imported.
2.2 Setting the right properties for the NASDAQ asset
On Image Properties, you should definitely have chosen on Image: USATECH. Then on Map to: US100.money. By default the fields Unfold, Tick worth and Tick measurement are set with incorrect values that you have to sort the right ones. For that, we are going to use a free indicator that you could obtain on MQL Market known as MQLTA Instrument Particulars. You will discover this indicator HERE.
Set up this indicator in your terminal, open the US100 (NASDAQ) chart on FTMO, then add the indicator to this chart. Now click on on the indicator to get the informations in regards to the Tick measurement (0,1) and Tick worth (0,10 USD).
Return to Tickstory and now add the right informations:
a) the typical unfold of US100 on FTMO is 15 pips, not 20. So, sort 15 on Unfold.
b) On Tick measurement, sort 0,1.
c) Lastly, on Tick worth, sort 0,10, then hit OK.
The Tickstory will start putting in the information into the FTMO’s information folder so you’ll backtest the EA on timeframe M15 with prime quality historic information.
When it is finished, you could merely run your FTMO terminal and on the Technique Tester, backtest the EA alongside the 1 12 months free historic information supplied by Tickstory.
You possibly can repeat this step-by-step with every other dealer, like FBS, Eightcap, Blueberry Markets, and so forth, that present the person a free demo or a regular account. Simply keep in mind to vary the info folders for every particular terminal put in in your computer and likewise all the time run the TickstoryInfoExpert so you’ll be able to extract probably the most exact data from the dealer’s server.
2.3 Setting the right values for the Technique Tester (FTMO set information)
In an effort to backtest the EA utilizing the FTMO set information, you have to run the FTMO terminal, then Technique Tester by hitting Ctrl+R. Then, select Professional Advisor > Prop Agency Problem Supervisor.
On Image, select US100.money, US Tech 100 Index. On Interval, you have to select M15. On Unfold, sort 150 (as the typical acceptable unfold on US100 is round 150 factors).
Go away “Use date” checked and outline a time interval inside a minimum of the final 12 months supplied by Tickstory.
Now click on on Professional properties button and on Testing you have to sort the very same account measurement you need to backtest the EA on the Preliminary deposit area. It means, if you wish to backtest a 25K FTMO account, you have to sort 25000 on the sector stated above. Then, after doing this, click on on Inputs. Now, on this instance, you have to Load into the Technique Tester the correspondent set file. If you wish to backtest a 25K FTMO account, you have to load the set file for it. You will discover the lastest set information for obtain HERE.
After doing all this, hit OK. And again into the terminal, click on on Begin. The Technique Tester will run the EA and you should have entry to the backtesting outcomes.
3. USING FTMO MT4 TO “EMULATE” MFF’S ENVIROMENT FOR BACKTEST
Now that you understand how to obtain, set up and configure the historic information supplied by Tickstory for use in any MT4 terminal, you’ll discover ways to emulate the MFF buying and selling enviroment even with out having an account on MFF or its terminal put in in your computer.
As you have to know, some Prop Companies don’t enable the person to obtain a “free account” prefer it occurs on FTMO, for instance, which affords free “demo trial accounts” for any person. So, the best way to backtest this EA on MFF when you don’t an account on this Prop Agency? That is what you are gonna discover ways to do within the subsequent steps.
3.1 Utilizing a config file from MFF into FTMO image properties
To emulate the identical value, unfold, tick worth and measurement and all the opposite points from MFF’s dealer you want to load the config file created by TickstoryInfoExpert, which I’m offering for you on the hooked up .zip file beneath. So, obtain this file and after doing all the primary steps confirmed on Matter 2 above, as an alternative of operating the TicksotyInfoExpert in your FTMO terminal, you merely load the config file from MFF you simply downloaded. (there is not any must insert this config file on the FTMO’s information folder, you simply must load it into the Tickstory within the Metatrader Information part).
Now, in accordance with the picture beneath, you have to fill all of the properties fields with the identical informations MFF supplies, in order that even utilizing a FTMO dealer, the historic information will behave identical to in MFF. So, merely reproduce the identical values as beneath:
a) on Image: choose USATECH.
b) on Map to: choose US100.
c) on Unfold: you sort 15.
d) on Digits: you sort 1.
e) on Max lot: 100.
f) on Tick worth: 0,10.
g) on Tick measurement: 0,1.
g) on Swap quick: -20,93536904
h) on Swap lengthy: -20,117683
Now hit OK, then a brand new historic information from NASDAQ can be put in in your FTMO terminal with the identical properties as in MFF. So now and by doing this it is possible for you to to backtest this EA even with out having an actual account on MFF.
3.2 Setting the right values for the Technique Tester (MFF set information)
Now that you’ve the historic information on M15 for backtesting, you need to open your FTMO terminal and kind Ctrl+R to open the Technique Tester. Do the identical related steps as in matter 2.3 above, however now you have to solely change the Unfold to fifteen factors, as on MFF the NAS100 is 15 unfold in common. Then, click on on Professional Properties and, once more, sort on Preliminary deposit the identical actual account measurement you need to backtest on MFF accounts.
After doing this, click on on Inputs and cargo the correspondent MFF set file I present on this hyperlink HERE. Hit Okay and, again on the Technique Tester, click on on Begin. You’ll run the EA on the identical enviroment and have the identical outcomes you’d have utilizing an actual MFF account.