Topic: Strategy Generator vs MT4 Backtesting
I am new to FSB and I see that this has a lot of potential to traders, especially for a newbie like me. I hope someone can help me clarify something. I'd like to know how Strategy Generator was designed to do its work. I've been reading a few pages on it and I have tried to use it myself and it's easy to use. I was amazed how fast it was able to produce its results.
In MT4, I use two models of backtesting. I first backtest using "Open Prices Only" and then compare it to "Every Tick". Obviously, using the first method is a much faster way of doing backtest and the second method would be a much slower way of backtesting.
Using "Open Prices Only" is not a really effective means of getting reliable data according to my personal newbie experience since the results are way off compared to the "Every Tick" model - which according to MT4, is the most precise method to do a backtest.
The reason I use the "Open Prices Only" method is because it is easier to optimize a lot of combinations that way. Then I use the "Every Tick" method on the best result from optimization to see how it really performs.
So with that explained, I am still amazed how FSB calculates everything so fast in just a few seconds. The question is, does Strategy Generator use "Open Prices Only" or "Every Tick" for its backtesting?
My goal is to be able to backtest as accurately as possible with the least testing time possible for the longest time period possible.
All your thoughts are most welcome. I'd love to learn from professionals like you. Thanks so much in advance!