How to backtest
You can simply run the setups that we provided, but I highly suggest that you at least test the setups yourself or try to find setups that suit you best. There are endless of combinations to use with Trirex Wave.
01. Download MT5
To get started with backtesting, you should first download MT5. Make sure you use a broker that provides good and reliable data. Brokers with good data have a history quality of 99% - 100%. Anything below should not be considered valid data and is made out of partial fake data. Vantage provides 99% - 100% history quality, so I advice to use them: https://go.vantage-markets.com/visit/?bta=46204&brand=vantagefx
02. Install the bot
Make sure you install the bot in MT5:
File -> Open Data Folder -> MQL5 -> Experts -> Advisors.
Drop the Trirex Wave file in here.
Now go to the Navigator in MT5, right click on Expert Advisors and click Refresh.
Now find Trirex Wave in the Navigator -> Expert Advisors, rick click it and select Test.
03. Settings
Expert: Trirex Wave.ex5.
Symbol: Select the currency pair you want to test.
Timeframe: Select the Timeframe.
Date: Select the date you want to test on. I would suggest to backtest from January until December 2023, or January 2023 - now. Running really long backtests can be too much and include false data.
Forward: No.
Delays: 100ms.
Modelling: Every tick based on real ticks. Make sure you select this. Selecting any other Model will result in false data.
Deposit: Up to you.
Leverage: 1:500.
Optimization: Disabled.
You can also enable Visual mode to see the bot in action.
04. Keep in mind
The bot does not work great on all pairs. It works on pairs with a low ATR. It will have far worse results on pairs like GBPJPY, USDJPY, USDCAD, US100, XAUUSD etc.
Do not try and test too much data. This will most likely result in receiving false data.
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