Latest Tick Data Suite Articles, News & Updates
Tick Data Suite boosts MT4 backtesting by using real tick data and variable spreads for 99% modeling quality. Try the full-featured free 7‑day trial.
Backtesting in forex trading is the process of testing a trading strategy using historical market data to evaluate its performance. It allows traders to assess the viability of their strategies and make necessary adjustments before risking real money in the live market. Purpose of backtesting Backtesting helps confirm strong and weak strategies before opening a position. It allows you to experiment with various adjustments to your trading strategy without risking open positions.
Backtesting a Forex expert advisor is a crucial step in evaluating its performance and determining its viability for real trading conditions. MetaTrader, one of the most popular Forex trading platforms, provides a built-in backtesting feature that allows traders to analyze their EAs using historical data. However, sometimes the default data may not be enough for comprehensive analysis. This is where Tick Data Suite comes into play.
The traders using a version of MT4 older than build 1370 on Windows, their MetaTrader platform will stop working after May 1st, 2023. You should update your MT4 to the latest free version to ensure a seamless and uninterrupted trading experience. The latest MT4 build features improved platform stability and you can download it by following the instructions below: If you are a Desktop user, the update will be available through your MT4’s Live Update system.
MetaTrader 4 and MetaTrader 5 Apps were reinstated on March 6th, 2023, and are now available on the AppStore. MetaQuotes has communicated with Apple regarding operational technicalities throughout the lengthy process of restoring the Apps back to the AppStore, providing further insights as needed. The iOS applications have been reinstated in the store after all issues have been resolved. Apple's requirements are fully met by our applications.
Apple removes the widely used and most popular Forex Trading Apps; MetaTrader MT4 & MT5 from App Store MT4 & MT5 apps are no longer on the App Store globally. The removal of popular trading apps is reportedly linked to the Western sanctions on Russia Apple appears to have pulled popular trading apps MetaTrader 4 and MetaTrader 4, also known as MT4 and MT5, from the App Store overnight in a move possibly linked to the Western sanctions.
Starting from Tick Data Suite v2.2.31, this major feature was added: it is now possible to run backtests using Renko bars natively. This was previously possible only with the assistance of 3rd party software through a cumbersome process with a somewhat unfriendly learning curve; now it is available directly in the Tick Data Suite Settings dialog and it can be easily configured with a few clicks. This is the first exotic bar type to get added with others to follow.
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Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.
