Effective and Consistent Data is important when using any back test or strategy software. The Forex Strategy Builder allows for data download from Metatrader 4, with an easy to use interface. Data holes or gaps can be updated both manually and automatically through the drop down window of the FSB. We have outlined the steps below to download and update the data.
Step 1: Data Folders
The user needs to define the data upload directory. This can be done by clicking on Market and Data Directory. Please either specify a directory or use the default. When we open the Metatrader 4 platform and download the data, we will need to save it in this directory.
Step 2: Open the Metatrader 4 Terminal
Open the Metatrader 4 terminal and navigate to Tools – History Center. This is the interface, where data can be downloaded for each individual forex pair.
Step 3: Download the Data from Metatrader 4
In the History Center, choose the pair from the left hand menu. Once you have defined which pairs data you require, the window interface will either load with or without the data. To gain access to the most up to date data, please click on Download on the bottom left hand corner of the window.
Step 4: Export the Data to Forex Strategy Builder
Once the data has finished downloading, please click on the export button. You will then be required to choose the correct folder on the FSB. This is the folder you defined at the beginning of the steps. Once this is saved in the folder, then the data will automatically upload in the correct format.
Step 5: Refresh the Forex Strategy Builder
Once the data has been uploaded, you will need to refresh the currency pair. This can be done by either choosing another pair or clicking on market, then reload. The new data will show on the system. If an error window opens, identifying that the data is not complete or has gaps, please go to step 6 of the process.
Step 6: Cut off Bad Data or Fill in Gaps
Sometimes data during the transition process can become corrupt or ineffective. The Forex Strategy Builder allows the user to cut off bad data through the market window. This will then quarantine the suspect data periods. Traders can also fill in gaps in data via the market window. This step is very important as this can determine the accuracy or validity of the system.
For more information on Downloading Data and the Forex Strategy Builder please visit Vantage FX.