Introduction
Well, here we are again, another trading robot claiming to have it all. This time it's the Manual BackTester Panel, which, yes you guessed it, claims to be the go-to tool for manual strategy backtesting. A quick scan of the user comments gives us a bit of a mixed bag, ranging from brilliant to back test not good. But we all know better than to take user comments at face value, right? Let's delve a little deeper and see what's lurking beneath the surface.
Description of Features
This robot appears to be a utility tool designed for the backtesting of manual trading strategies. Some users enthusiastically report that it helps them test strategies on high time frames and recognize their own trading mistakes. There seems to be a request for the option to close all buys, sells, and opened positions, which, to be fair, could be a useful addition. But let's not get too carried away here.
Analysis of Results
With a rating of 4.2 it seems that the majority of users are happy with this robot. However, we need to look at the results over a meaningful period to make any real judgment. According to the statistics available at this website, the results for the past year are... well, let's just say interesting. That being said, we all know that past performance is no guarantee of future results.
Pros and Cons
On the surface, the Manual BackTester Panel appears to be a useful tool, particularly for Forex traders looking to backtest their manual strategies. It seems to have some issues with certain indicators and there have been reports of errors when moving the TP and SL. Seems like there's still room for improvement.
Source Code of Manual BackTester Panel
The original source code of the robot sold on MQL5 is not open to the public. However, we could generate a code based on the description provided on MQL5. Now, wouldn't that be a fun project for a rainy day? If you have any questions about the code, feel free to ask us. Do remember, it's just an illustrative example from easytradingforum.com based on the robot's description. The EASY Trading Team is not selling this robot, we've simply created a pseudo code based on its description.
Code:
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Manual BackTester Panel is an interesting tool for manual trading strategy backtesting. If you're interested in downloading it or have any questions, feel free to jump into the fray at our forum. Sharing is caring, as they say, so don't be shy and share your experience with this robot. It's time to put the Manual BackTester Panel to the test, the EASY Trading way.