Using Tick Data Suite 2.x for testing MT4 EAs on renko, range bars and other custom charting types
Tick Data Suite (TDS) has been around for quite some time and although it was certainly a great tool for backtesting it was not really a “suite of tools”. It was strongly dependant on a few more utilities to get the job done.
For starters, the average tester first needed to acquire and process tick data using third-party tools such as Tick Data Downloader, TickStory, and of course the CSV2FXT converter script. TDS 1.x was essentially a special loader that performed in-memory patching of Metatarder4. This prevented the terminal from overwriting custom tick data files. The utility also performed a few different tasks, such as dropping the 4GB FXT file limit and enabling backtesting using variable spread, to name but a few.
Tick Data Suite Ver. 2.x
Version 2 of Tick Data Suite is a whole different story and the software certainly lives up to its name. The integrated tick data manager lets you download, store and manage tick data repositories for various instruments such as Forex and CFDs.
Tick Data Suite is the proven tool for traders to earn huge profits. It is been tested by third party QA team, so you can use it with piece of mind. It offers huge data storage, so no need to bother finding any other tool to store your financial data. Security, Pricing model and flexibility are the plus point of this trading tool. Now, as of, 2019, there are basically 3 types of license. The regular license will cost $97, yearly license is $183 whereas lifetime license is $499. You can also get support & updates for an additional period with some additional fees for first 2 license. You can also try Tick Data Suite free for 14 days prior to 2021.
It compresses downloaded data to unbelievable levels and lets you directly use this data to backtest your forex robots with 99% tick modeling quality on the fly! The software nicely integrates with the OS via system service and all of the controls are conveniently injected directly into the MT4 interface.
Data download times are very short (compared to other tick data downloaders) due to the use of multiple threads and parallel processing.
Traders using EAs on custom charts such as RangeBars or various Renko modes will also find TDS 2.x a very useful tool since it enables the use of custom FXT files, such as the ones created by CSV2FXT script modifications for Range Bars and Renko charting.
Backtesting custom charts
The following video will walk you through the process of testing trading robots on custom charts such as wicked Renko bars. The same procedure is also valid for RangeBars, Median, or Turbo Renko as well as Vanilla Renko bricks.
The process is possible thanks to a nice and convenient feature of TDS 2.x which is the choice of action when encountering an already existing FXT file with a read-only attribute.
This way we can utilize custom FXT files in the backtest. However, it is important to note that whenever an FXT is used with TDS 2, the settings from the FXT file will override whatever is configured in the Tick Data Settings dialog. The only exception is slippage which will work as configured. Unfortunately, the variable spread setting will not work when using FXT files, but that is only a minor setback.
Traders using TDS 2 with custom FXT files must remember that the spread entered in the “spread” field of the CSV2FXT script will also have no effect. The spread used during the backtest will be the one configured in the “Spread” drop-down in MT4. If the variable spread setting is enabled in the Tick Data Settings dialog, the current spread will be used instead. Long story short, you configure the spread in MT4 when using FXT files.
Tick Data Suite – an absolute must-have!
Summing things up, Tick Data Suite version 2 is an absolute must-have for everyone who is evaluating and optimizing trading robots on the Metatrader 4 platform. TDS 2 is a bargain when we consider the robust functionality the software has to offer and the outstanding technical support. It will certainly save you a lot of time and hassle when testing EAs on standard time frames offered by MT4 as well as all of the custom charting solutions such as Range Bars and various Renko families.
A quick recap of the steps needed to perform a backtest
How to Backtest Renko Charts in Metatrader 4
- Download Tick Data Suite
Download the trial version of Tick Data Suite 2.x from https://tiny.cc/a0fp2y
- Download the PRO version of the preferred chart type plug-in for MT4
Go to https://www.az-invest.eu and download one of the custom chart plug-ins such as Ultimate Renko
- Download tick data using TDS 2.x
- Export tick data to CSV format and process it via CSV2FXT script
- Run the MT4 backtester and use your EA on the custom chart
Make sure you are using Tick Data Suite and you have selected the M1 chart period for the backtest. This will ensure that you are using the renko chart for your backtest.
Sep 20, 2016 Backtesting EA using the new Tick Data Suite. It is much easier to use Tick Data Suite v2 now as its settings is accessible directly from the StrategyTester window in MT4 terminal. Image below shows how easy it is to access TDS settings before you run backtest. Mar 2, 2018 - I think that Tick Data Suite is required to obtain reliable backtests results. There are no mind readers here and our crystal balls are cracked. Enables the use of tick Data in metaTrader 4 backtesting; The Pricing and Discounts on the Tick Data Suite. The market price of the Tick Data Suite stands at $97 inclusive of free support and updates for up to a month. After you have bought it, you will be required to pay a monthly fee of $10 for further support and necessary updates.
A standard backtesting on MetaTrader 4 terminal using the data from the MT4 history center is usually good enough for Expert Advisors (EA) that are not scalping or pip hunting.However, if you’re dealing with a scalping EA or any EA that closes trades within 1-15 pips, even the smallest price feed differences might have a very large impact on the results.The problem here is that the MetaTrader terminal does not have access to the real tick data. It only has access to minute bar data in the best case. Because of this, MT4 generate “false” price ticks through a process of interpolation using the data for the smallest timeframe available.This is usually not so important to an Expert Advisor that uses stop loss and take profit targets of more than 100 pips, but in the case of scalping trading bots, your backtest will likely be completely misleading.It is very important to backtest trading strategies (EA) using data of quality that is as high as possible. Every trader and programmer should learn how to backtest on MetaTrader 4. Tick Data Suite 2Tick Data Suite is the only paid software you'll need to reach 99% modelling quality.
Tick Data Suite 2 Crack Software
The software is quite easy to install and easy to use. TDS not only offers 99% modelling quality backtests, but also adds real historical variable spread that have actually happened in the past. It also allows simulation of slippage and running multiple MT4 instances at the same time from the same installation so you can run multiple backtests simultaneously.TDS is the only software available for 99% modelling quality backtests with real variable spreads incorporated.Tick Data Suite is not free, but it's price is quite reasonable.
In the image above you can see there are three currency pairs (EURUSD, GBPUSD, USDCAD) that have tick data downloaded. This is easy to see when you look at the ' Downloaded days' column which shows how many days of history price data is actually downloaded for each instrument.Other columns show more information.For example ' Start date' shows from which date history price data is available for each instrument at selected source (Dukascopy in this case).' Oldest downloaded' and ' Most recent downloaded' shows you the date range of tick data you have actually downloaded on your computer.I am writing this guide on 17th October 2016 and in this example I have all tick data for EURUSD from May 4th 2003 until October 16th 2016 (yesterday).I have all GBPUSD tick data for 2016 and last 6 months of tick data for USDCAD.
Tick Data Suite Serial Free
Notes about this download:Feel free to use our portal. The version of Tick Data Suite being downloaded at the moment is 1.3.2. According to the shareware license agreement, this program offers you a trial period for free, however, it can contain several options restrictions. The download was checked for malware and ransomware by our scanners, the installer is safe.
Tick Data Suite 2 Crack Version
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