Challenge automated trading using MT4!! Let's get started! EA Life | How to read the 15th EA Backtest Report [Shin Makoto Kakizawa]
Kaki-zawa Masanobu Profile
Kaki-zawa Masanobu. Since 2009, began developing automated trading systems for FX, providing many automated trading systems such as EasySniper and MultiAgent to securities firms and users. At Invast Securities’ automated trading service “Cyber Trade 24”, the provided strategy MultiAgent achieved an overwhelmingly high score in the 2016 Annual Award. Also, at Himawari Securities’ automated trading service “Ecotra”, the provided strategy “Hikaem Venus” maintained the No. 1 user count for more than a year from 2013 to 2014, with user count exceeding 700. Currently offering Dream Agent FX, an evolution of MultiAgent.
In this series, we focus on FX automated trading systems, specifically Expert Advisors (EA) that run on MetaTrader 4 (MT4), and guide you with knowledge and know-how to operate them by the full-time trader Masanobu Kaki-zawa. If you are considering operating an EA, or if you are already using an EA, please refer to this for guidance.
*This article is a republication and revision of an article from FX攻略.com August 2019 issue. Please note that the market information written here differs from the current market.
You can evaluate EAs by looking at the reports
From the previous explanations, you can now perform backtesting. After backtesting finishes, of course you need to evaluate the EA, but when you look at the report where the backtest results are shown, there are many numbers listed and some readers may feel puzzled about how to read them. Therefore this time I would like to explain “How to read an EA backtest report.”
Figure ① is an actual backtest report. From this report you can see everything: which EA, for what period, which currency pairs and timeframes, and what parameter settings were used to run it. The upper part of the report should be self-explanatory. What matters for evaluating the EA’s performance lies below. This is where the performance-related details begin. There are many items, but I will pick out and explain those that are particularly important for evaluation. The items I pick are the sections enclosed in red frames in Figure ①. Let’s examine them in order.
