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Hi all,
I thought I share with you at last working backtester settings for
Forex I was trying to figure out for some time.
These, apply while testing mini-account where for 1 pip you receive $1
only :) and deposit of $50 is required to deal $10,000 lot size but
can be easily adjusted to real account
Paste below settings into Automatic Analysis window before any
buy/sell/short/cover calculations:
PositionSize = -20; // use 20% of equity
MarginDeposit = 50; // deposit required for 1 pair
RoundLotSize = 1; // trade only round contracts
PointValue = 1/TickSize; //this adjusts profit so for 1 pip = $1 (tick
sizes: 0.01 for yen and 0.0001 for others)
NumContracts = 1; // trade only 1 contract at once for 1 pair
PositionSize = NumContracts * MarginDeposit;
Above assumes that each Symbol has following specified in the
Information tab:
Tick size: 1
Margin deposit: 50
Also ensure that backtester has Futures mode switched on.
Hope it helps
Happy backtesting
Max
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