MT4ReportParser Forex Tool

MT4ReportParser Metatrader Software Usage

1.Run MT4ReportParser.exe file

2.Press "Add reports to merge" button and select all the back tests (html format) that you want to merge in the resulting report (back test)

3. Press "Result report filename" button and select file name and destination folder for the resulting report (back test)

4.Press "Merge reports" buttom

Demo version is available

Click to Download demo version

Demo version has restriction: cumulative back test will be generated on the basis of the first 15 entries of the original back tests.
 

Parameters explanation

Bars In Test – Displays the depth of the history on which the modeling was based.

Ticks Modelled – Displays the size of the modeled sequence. Every record of the sequence represents the bar state (OHLCV) at one or another moment. Different bar states can be modeled depending on the timeframe, modeling method, and presence of history data from smaller timeframes within a bar.

Modelling Quality – Calculated according to the following formula. This should be 90%. If not, read the article on downloading and setting up history data.

ModellingQuality = ((0.25*(StartGen-StartBar) +0.5*(StartGenM1-StartGen) + 0.9*(HistoryTotal-StartGenM1)) / (HistoryTotal-StartBar))*100%;

Gross Profit – The summed up profit for all profitable transactions;

Gross Loss – The summed up loss for all unprofitable transactions;

Total Net Profit – The Gross profit minus the Gross loss.

TotalNetProfit = GrossProfit – GrossLoss

Profit Factor – Profit factor, shows the ratio between gross profit and gross loss. The larger this number is, the better.
ProfitFactor = GrossProfit / GrossLoss

Expected Payoff – Calculated as follows:

Expected Payoff = (ProfitTrades / TotalTrades) * (GrossProfit / ProfitTrades) –(LossTrades / TotalTrades) * (GrossLoss / LossTrades)
Absolute Drawdown – Absolute drawdown is the difference between the initial deposit and the smallest value of balance within testing:

AbsoluteDrawDown = InitialDeposit – MinimalBalance

Maximal Drawdown – The highest difference between one of local upper extremums of the balance graph and the following lower extremums:

MaximalDrawDown = Max of (Maximal Peak – next Minimal Peak)



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