Why would somebody not use the strategy tester?
It is a very helpful tool to find out what works and why it works.
But it is also only available for people who use a defined strategy.
You can’t tell the strategy tester that you see something or that the chart looks a certain way.
It can only deal with clear rules and real numbers and that is where a lot of people have problems.
Can you define what you do an when you do it?
Most often traders don’t have strict rules, but rather trade based on ideas and visual stimulations.
But each candle you see on a chart is only a visual representation of raw data and numbers.
Yes, it takes a while until you have defined everything, but usually you can save a lot of time afterwards.
Because manual backtesting is also a lot of effort – and it takes a lot of time to do it.
And emotional trading without strict rules is what I call hope trading, because that is when your only chance is to always hope that the very next trade will be a profit.
You can download the free version for the Algorithmic Trading System below the video on our website AlgorithmicTradingSystem.com
It will work with original Metatrader 5 demo accounts.
If you are interested to learn more, or if you are interested to trade this system on a real account, make sure to become a starter member for just one dollar.