Strategy Tester Efficiency.
After purchasing or downloading an automated trading advisor for free, you immediately want to test its performance and find out whether the robot can truly generate profit without the trader's involvement.
Testing on a real account is quite risky, so it's recommended to use the strategy tester for this purpose.
You can launch it in the trader's terminal by clicking "View" in the top menu -> Strategy Tester.
The program provides the ability to run the adviser on a historical period, you set the testing time yourself - a year, a month, or one day. As a result, you receive a report on open transactions, their profitability and the overall financial result, the statistics are quite detailed, which allows you to draw some conclusions about the adviser's work.
How accurate are the results obtained and can you use them to evaluate the purchased adviser?
Having tested several dozen advisers, I came to the conclusion that in most cases the tester can only answer the following questions:
• Script performance - some advisers work only in the terminals of certain brokers. Also, in real life it is difficult to check robots that rarely open transactions, and the tester easily copes with this task.
• Trading strategy - thanks to the tester, you can clearly see how the script works, when and how many transactions it opens.
• Profitable direction - the reports indicate the percentage of profitable and unprofitable transactions depending on their direction, this fact can be used when running the adviser on a real account.
• Risk level - if the adviser drained the deposit on the strategy tester, you can be sure that he will do the same on a real account.
• Settings - Using additional settings, you can quickly test how the advisor responds to changes, thereby increasing its effectiveness on real accounts.
No matter how amazing the results you get in the strategy tester, it's always advisable to use cent accounts . The risk of loss is much lower here, but the script still works on a real account.
