Hi all,
I had a Breakout idea, I create an EA using a 3d Party Software because I don’t know anything about coding, the EA working good without any error, back testing on MT5 was great, I did also a MT4 EA and I bought a Tick data software and I tested the EA on MT4 but the result was very very very bad
after I googled about MT5 Tester I understand it use the 1M data (Open, Close, High and Low) and I understand that the problem was in the trailing stop, the EA use 3 Pips Trailing stop, on real market and on tick back test it’s win only 1 - 3 pips but in normal back test it’s win 5- 10 Pips, so I understand that the real market if go up one pip it will fail 3, crazy moves and the trailing stop will not help, the losses will be more bigger than the profit.
Last think I did it, I removed the Trailing stop and made the EA move the stop loss to Candle 1 High if sell / Low if buy ( I will not care what will happen inside the candle not like Trailing stop), but now the EA use multi time frame and I can’t / don’t know how to do multi time frame back test on MT4, but I did on MT5 and the result was very good.
Now, can I trust MT5 Tester or I must find way to test the EA on MT4 with tick data?
Regards