Tick Data Suite | Birts EA review
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* Metatrader expert advisors dissected.
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TICK DATA SUITE
If you were expecting a flashy sales page, I'm sorry to disappoint
you. The TICK DATA SUITE is geared towards individuals who are not
impressed by huge colored and possibly flashing text, so all that you
will read below are facts that you should know prior to purchasing
your copy.
Backtesting Forex strategies is certainly one of the most efficient
ways of gauging their profitability potential. I would go as far as
saying it's THE best way unless you're in possession of very extensive
forward testing results. However, with Metatrader 4 - the most popular
Forex platform nowadays - backtesting is inherently flawed. Metatrader
4 DOES NOT STORE THE ACTUAL TICKS coming from the broker's server; the
best data at its disposal is data from the M1 timeframe - it only has
the open, high, low, close and number of ticks for each minute. So, if
it only has these for values, you might be wondering how does it
produce the ticks that happened within each minute and the answer is
easy: it generates fake ticks through interpolation based on the tick
count for each minute. If you didn't understand what's the problem
yet, I'll point it out for you: the ticks generated this way are not
the real ticks, they are essentially FAKE TICKS! Not only that, but
Metatrader 4 is only able to backtest your robot using the FIXED
SPREAD, whereas all good brokers nowadays use VARIABLE SPREAD! It
simply uses the current spread of your broker so, for example, if
you're testing an Asian scalper robot during the day, the results will
be completely misleading.
Now, if you have a strategy that deals with hundreds of pips for each
trade and only closes at a stop loss or take profit, the fact that the
ticks in your backtest are not the actual ticks does not really matter
that much. However, if you have a scalping strategy that takes profit
at 10-20 pips or if you have a strategy that follows the market
closely with a trailing stop, backtesting with ticks that actually
happened and with the real spread will make a world of difference.
That's where the TICK DATA SUITE steps in - using it allows you to
use tick data and variable spread in your Metatrader 4 backtesting to
obtain an unprecedented accuracy and 99% modeling quality. Since tick
data is available for free from multiple brokers, you can even test
your expert advisors to see how they would perform with different data
sources. By using the TICK DATA SUITE you can certainly perform a much
better appraisal of the strategy you're evaluating and you can gain
the confidence needed to test it live.
In case you're wondering how dramatic can the dissimilarity be, take
a look at the backtests in my article - the difference between what
you get with history center data and what you get with tick data is
obvious: while the EA performed very nice with history center data, it
didn't do nearly as well when backtested with tick data. For that
matter, you can take a look at pretty much any of my articles that
includes backtests and judge the contrast between tick data and
history center data.
You're invited to check it out yourself - a is available with the
full functionality of the product. All you have to do is download it,
follow the on this website and get started with your own 99% modeling
quality backtests! I'm not going to tell you that it's very easy, but
if you're committed to getting the best possible accuracy in your
backtests I have no doubt that you will be able to summon the will to
go through the process and at the end you will probably conclude that
it wasn't that hard after all. Personally, as anyone can see in my
articles, I use tick data for virtually all the robots that I backtest
and there's nothing that keeps you from doing the same!
The TICK DATA SUITE features:
* Allows using tick data in Metatrader 4 backtesting.
* Allows running expert advisor OPTIMIZATIONS using tick data.
* Allows backtesting with REAL, VARIABLE SPREAD.
* Lifts the 2GB size limitation that Metatrader 4 has for its FXT
data files, effectively allowing you to backtest the whole data range
in a single go.
* Allows starting multiple Metatrader 4 copies from the same folder,
letting you run multiple backtests or optimizations at the same time
* Prevents overwriting existing FXT data files using the every tick
model, so it saves a lot of time even when repeatedly backtesting the
same time period with history center data.
* Automatically detects if your data files are using variable spread
or not.
* Works great with 3rd party products such as the
The Tick Data Suite is priced at $97 and includes one month of free
support updates. Once this period expires, a $10 monthly subscription
is charged for continued support and updates.
Upon confirmation of your purchase, the product will be immediately
available for download. The serial number that you are provided is
valid on a single workstation with unlimited Metatrader 4 clients.
Moving it to a different workstation (for instance, your VPS) is a
seamless process, but it is worth noting that this can only be
performed once every 48 hours and it deactivates your copy on any
other workstations.
Full refunds can be requested and will be granted within the first 60
days from the date of the purchase, however please consider trying out
the prior to purchasing to determine if it meets your needs.
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* written by BOB February 9, 2012 (6 days ago)
Ready in first half of Feb 2012? You've got 5 days then. Can't wait!
* written by JULIEN February 14, 2012 (1 day ago)
Hi Birt,
Nice to see that you're still improving and that your scripts have
turned into a elaborated suite
I don't know if you are interested on EA working on range bars and
Renko charts I recently got plugins for boths The range bar plugins
included a modified version of your FXtoDucascopy script that generate
fxt and fst for range bars from tick data meaning one can get 99%
quality backtest for range bars
There was a similar modified script for Renko charts, yet the vendor
noticed me that it can not work because, as he said, "renko bars
should by definition be equal bricks. The use of tick data makes this
impossible unless you manipulate the ticks which seems somewhat
pointless."
I m wondering why it is possible for range bars and not for Renko
charts Maybe you have your own opinion ?
Between I m not sure you agreed that the vendor modified and included
your scripts in a commercial packageIf you didn't.. apologies from a
naive customer/user I wish you the best success with the new Tick data
suite
* written by BIRT February 14, 2012 (1 day ago)
I haven't ever looked into range/Renko bars thoroughly and to be
honest I don't plan to do so anytime soon.
Regarding the script being distributed in a modified form in a
commercial package - did you also receive the source code for it (the
MQ4 file)? If so, does it include the copyright notice that the
CSV2FXT script does?
* written by JULIEN February 15, 2012 (1 day ago)
Birt,
I got only ex4 files, but the demo version of the Purebeam decompiler
gives header, which indeed include something like a copyright:
#property copyright "birt [RangeBars MOD by NiX]"
#property link "http://eareview.net/"
* written by BIRT February 15, 2012 (1 day ago)
Thanks. I will notify the author that he must distribute the source
as well.
* written by NEO February 16, 2012 (12 hours ago)
Birt, I downloaded the TDS today, looks nice. Question: Do we need to
convert the tick data (CSV file) to an FXT file using your script in
order to use it with the TDS?
Thanks
* written by BIRT February 16, 2012 (5 hours ago)
Yes, most definitely. In essence, it works very much like the script.
You need to have all the data prepared for it.
* written by PETER February 16, 2012 (4 hours ago)
just for clarification the $10 monthly fee is mandatory?
* written by BIRT February 16, 2012 (4 hours ago)
To clarify that, you can cancel the $10 monthly subscription at
anytime you wish. However, once you cancel it:
* Your copy will not work with any Metatrader 4 build published
after your last payment.
* You are no longer eligible for technical support.
In other words, the Tick Data Suite will continue working but you no
longer get support and updates.
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SOCIAL NETWORKING
Forex trading can involve the risk of loss beyond your
initial deposit. It is not suitable for all investors and you should
make sure you understand the risks involved, seeking independent
advice if necessary.
Forex accounts typically offer various degrees of leverage and their
elevated profit potential is counterbalanced by an equally high level
of risk. You should never risk more than you are prepared to lose and
you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative
of future performance. All the content on this site represents the
sole opinion of the author and does not constitute an express
recommendation to purchase any of the products described in its pages.
