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An Introduction to the world of Backtesting
Let us understand a few basics here. As per Investopedia.com, a tick is “a measure of the minimum upward or downward movement in the price of a security. A tick can also refer to the change in the price of a security from trade to trade.”
Coming to backtesting, it is the process by which you test a trading strategy depending on the available historical data. You do so to ensure the viability of the strategy before risking any actual capital. By back testing various Forex strategies, you can assess their potential for profit in the most efficient way. However, MetaTrader 4 – the most popular Forex trading platform presently has a few flaws in its design and working. Anyone who has tried the MetaTrader 4 strategy tester knows that it does not always give accurate results.
The MetaTrader 4 also does not store the actual ticks from the broker’s server. In fact, it has access to date from the M1 timeframe. It basically generates fake ticks through the interpolation of data based on the tick count of every minute.
Moreover, MetaTrader 4 is only able to backtest using fixed spread and not variable spread. If in case, you have a scalping strategy that takes profit at 10-20 pips or a strategy that incorporates following the market at close range, using these estimated ticks might prove to be your downfall. This is where the Tick Data Suite comes into the picture.
This article reviews The Tick Data Suite that was created by Birt. Anyone who is keen to back test in the MetaTrader 4 strategy tester, should be reading this with complete attention. Tick Data Suite is a must for anyone who is serious to jump into the trading foray and we are here to tell you why.
What is the Tick Data Suite?
Created by Birt in 2011, the main focus of the company was to ensure that the best quality tools for back testing are available for use. With the help of its real, detailed data, you can be sure that you will be making money. As compared to MetaTrader 4 back testing that uses randomly generated prices, Tick Data Suite uses actual price ticks.
With this software, there is nothing that is left to chance. All the backtesting is done by using pricing that was historically traded and recorded tick by tick. The program is designed perfectly and it ensures that you always get the most accurate back testing conditions that are possible.
By using real tick data, this software that is available online, allows you to back test your expert advisors in the MetaTrader 4 strategy tester. Moreover, it allows you to do so with variable spread and reach 99% modeling quality. By using Tick Data Suite, you can also take a second look at the strategy you are evaluating and can gain confidence before taking it live.
What are the features of the Tick Data Suite?
- You can store all your tick data in one location so that you can manage it easily and have it easily available for all your terminals.
- The data that you download uses less memory on your computer.
- You have custom settings and slippage parameters that you can choose.
- You can also create custom backtest environments that match any broker settings and use that.
- The software also features a Tick Download Manager, which gets access to ticks from multiple sources.
- Backtests with the help of Tick Data Suite are much faster.
- It does not impose the 4GB limitation like MetaTrader 4 for FXT files. This allows you to backtest the whole data range in one, single go.
- It also prevents overwriting of existing FXT files using every tick model. This saves you a lot of time.
- It enables you to backtest with a variable spread and automatically detects if your data are using it or not.
- It works perfectly well even with third party products like Walk Forward Analyzer.
What are the benefits of this software?
- It is really easy to use. You do not multiple tools to download, use, or export the tick data.
- The program is easy to understand and you can make the most of it, in no time.
- The program offers great customer support and tutorials that will help you understand the program better. Their official site claims that the average support response time is 1 hour, which is outstanding.
- It comes with a 100% 60-day money back guarantee.
- You get complete access to all the updates and new information as soon as it is launched.
What are the disadvantages of this software?
- You need an Internet connection to make use of it.
- Along with a one-time payment, you have to pay a monthly charge for continuing your subscription.
How much does it cost?
The Tick Data Suite can be yours, only for a very low price of $97, with a monthly subscription of $10. This is a steal considering the amount of money you will be able to make easily by using this program. Moreover, your purchase is covered by a 100% 60-day money back guarantee. This means that is you are unhappy or dissatisfied with the program at any time within 60 days of your purchase, you can ask for a refund by a simple e-mail, and you will get all your money back – no questions asked, no hassles. This makes the purchase completely risk-free and you lose nothing by trying it out.
However, if you are still not sure about purchasing access to this software, you can opt for an absolutely free, 7-day trial. This trial includes all the features of the full version so that you can take a decision after using the product for yourself. After this trial period, you can choose to continue with the software and make the payment, or cancel your subscription.
Tick Data Suite is a unique software that will enhance your Forex trading experience and ensure that you do not lose money while trading. It has great potential and ability to help you garner quick success in the world of trading by ensuring that you opt for the best strategies.
Although it charges a monthly fee for continuing your subscription it is a small price to pay for the unlimited updates and improvements that make Tick Data Suite one of the most beneficial programs in trading. Go ahead and start with the 7-day trial if you not convinced, and see it for yourself. You will definitely not be disappointed by the features of this well-designed software.
New Update – February 2019
Backtesting can be a tremendous task especially if you are not that pro on doing that certain task. There are lots of software available on the internet that helps in ticking data suite however most of them are not that effective.
When this product “Tick Data Suite” was created the hassle of backtesting becomes an easy task already. That is why a lot of IT peeps are very happy when it was released. Once you buy the product expect the following benefits that you can get:
- The tremendous amount of time in backtesting is significantly reduced.
- The stress that IT peeps are experiencing in backtesting websites and networks have been resolved which resulted in much efficient backtesting.
- The cost of backtesting is greatly reduced into half because of the effective techniques that the product is teaching.
That is why if you are aiming for a more effective backtesting that will surely improve and lessen your workload then this product is definitely the perfect product for you because it is the best among the rest. Buy this product now until it is available in the market because we might now know until when it is still for sale.