A trading strategy is a set of rules for opening and closing positions.
BO Tester uses strict trading rules and a predefined structure of the strategies in order to provide fast and reliable backtest and a possibility of exporting Expert Advisors and signals
BO Tester uses a set of technical indicators for creating strategies. The most of the indicators are standard and you can find information in Internet for them. Other indicators, that we think work well, are specially build for the program.
We support also MQL (MetaQuotes Language) versions of the indicators for exporting Expert Advisors. The indicators in BO Tester work in the same way and rise the same signals as the equivalent MetaTrader indicators. We always expect to achieve absolutely the same signals in MT as in this application.
BO Tester includes a complex algorithm for testing a strategy against historical data. The application loads data files, calculates the strategy indicators, trades the strategy bar by bar, from the beginning to the end of the data series, and calculates the trading results in the same way as if the strategy was traded by a trader. A backtest finishes with full statistical data from the virtual trade.
When you create a strategy manually with the Editor, you have full control over the indicators, the logical rules and the indicator parameters. On the other hand, when you use the Generator, the program sets all these rules and parameters for you. Finally, when you export an Expert Advisor to your MetaTrader terminal, it contains the same indicators and same trading rules as the strategy in BO Tester. This guarantees the very near results on the real trading and a backtest with the same data.