Lose with Metatrader forex? Win with Matlab

(Last Updated On: February 11, 2015)

Lose with Metatrader forex? Win with Matlab

Here is a Facebook commenter on how he feels about this Metatrader on this questionable million dollar strategy video. Thanks to to him for commenting

I would be very sceptical about this. Backtesting in Metatrader is good enough when you don’t need to use the tick data and real market spread. In other words, backtesting based on 1M timeframe and higher. He claims that it needs 1ms access to market, ..

Just to response to your new post, yes this is MetaTrader And only backtesting is showed, which proves absolutely nothing. As i said before, he claims that it needs 1ms access to market and blah blah. So to be more specific for those who are are not familiar with MT. The truth is there is NO storage for tick data. The only thing the MT saves is ‘volume’, which is only a number of ticks made by market eg in a minute. Let’s say you are testing on 1M TF ‘based on tick data’, the 1minute candle’s ‘volume’ is 60, MT makes 60 ‘ticks’ but those ‘ticks’ are made from open->high->low->close (if bear candle then low->high). And that’s a real problem. (just imagine an extreme situation eg a news release…) And not mentioning the spread, which could be set to zero while this backtest And that’s exactly the reason why I moved to Matlab

 

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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs