From my experience MT4 StrategyTester is not able to calculate any indicator value from other timeframe than what it's running on. So, if tester is running on M5, the indicators values from M30 will not be correct. The indicators just return wrong values (and usually they are the same on all bars).
If you don't believe me try it yourself. write a custom indicator to display a simple indicator value (e.g. Moving Average) from other timeframe. Then watch this indicator when tester is running in visual mode.
So, how do you ensure that this backtest results are valid?
I don't mean this system doesn't work, but what I say is that this result would be different on live market. Maybe we should take other timefram out of equation to see real results.
This EA seems to trade very nicely!
I think Taichi DeMarker is definitely an interesting system.
However this EA I think though the entry rules are not as explained in the original article (translation from russian) at.
Indicator Taichi - a Simple Idea of Formalizing the Values of Ichimoku Kinko Hyo. - MQL4 Articles
In my understanding entry should be taken when:
The DeMarker MA crossing is just preliminary signal that has to happen before above (as in picture below):
- The current price is less that Taichi (preliminary signal)
- Taichi is less than TaichiFor (confirming signal)
- Signal is less than SSignal (signal for entering short) "
"...What we expect from DeMarker is the moment, when DeMarker crosses fast and slow MA lines somwhere about 0.7 for a short position. This is the first preliminary signal. Then we need the intersection of MA lines. This is the main signal after which we start working with the values of the indicator Taichi. If MA lines did not intersect, the signal is considered to be false and the price movement is expected to continue. "
As we can see below EA enter trade on DeMarker & MA Crossing:
Last edited by jverho; 01-16-2010 at 21:46.
This is a serious trading machine!
Thankyou for sharing your work.
I can finally sleep at night and not worry about my trades!
Even when a drawdown occurs, it seems to come back inline.
Another test: EU M5 since 01/2009 to 12/2009 using the set file given on the thread first page. Test has been performed on 4 digit demo Polish account. What's going on
Hi, i just saw this thread and tought i would just put something into context as it seems too obvious....!
No offence but looking at your settings and the results posted , you can verge on the obvious that the actual settings for your Cronex DeMarker and settings used in the EA are incorrect....!
That is why you have have had few positive trades....
Look at Post #173 , the originators chart and the mt4 chart dont look like the settings are the same....!
Backtest work super, but work the ea on real chart? Have anybody test it?
Any news about this EA? Still working?