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Create and Test Forex Strategies

forex software

ea-studio-academy:report

Report

The Report page shows more detailed information of the backtest of the currently loaded Expert in the Editor.

The page consists of four tabs: Stats info, Indicator char, Balance chart, Transactions log

Stats info

It shows statistics and charts from the backtest of the current strategy.

  • Backtest output - this is a table of all stats parameters of the backtest.
  • Balance chart - it shows the balance line and the equity line.
  • Count of entries by weekdays - the count of the opening deals per days of the week.
  • Profit and loss in currency by weekdays - shows the trade result in currency for the day of the closing.
  • Profit and loss in currency by entry hour - shows the trade result of the positions opened by hours.
  • Profit and loss in currency by exit hour - shows the trade result by time of closing.
  • Count of entries, profits, and losses by entry hour - shows the count of the profitable and the loosing orders.
  • Monthly performance in currency - shows the accumulated results per months.

Indicator chart

This is a detailed indicator chart. You can scroll the chart with the mouse.

Useful key combinations

  • Home - scrolls to the begging of the chart
  • End - scrolls to the end of the chart
  • Left arrow - scrolls one bar to the left
  • Right arrow - scrolls one bar to the right
  • Ctrl + Left arrow - scrolls to the previous deal
  • Ctrl + Right arrow - scrolls to the next deal

Balance chart

  • Balance chart - the chart shows the balance line and the equity lines produced by the backtest.
  • Long balance, Short balance, Market - shows the performance of the long and the short positions.
  • Drawdown in percents - shows the equity drawdown in percents.
  • Drawdown in currency - shows the equity drawdown in currency.
  • Stagnation in days - shows the balance stagnation in days.

Journal

The Transaction Log shows all trades made by the strategy during the backtest. It is useful to examine the exact entry/exit time and prices and to compare them with a backtest of an exported Expert Advisor in MetaTrader. The EA Studio backtest and the MetaTrader backtest must show very similar results. The main reason for differences might be that either the testing historical data is different from the one the MetaTrader uses or the historical data has a different Time zone. In both cases, you cannot rely on that strategy for real trading.