experience with backtesting on MT5 (MetaTrader 5)

[jamescrook]

Has anyone had experience with backtesting on MT5 (MetaTrader 5)? I’m curious about how well it performs for testing trading strategies, especially with different timeframes and complex indicators. How accurate is the backtesting feature, and do you find it useful for refining your trading strategies?

[josepruitt]

While MT5 offers powerful tools for backtesting, including multi-timeframe analysis and support for custom indicators, it's often limited by the historical data available. For traders seeking more precision and flexibility, ForexTester could be a great alternative. It provides more accurate historical data for mt5 backtesting and is designed specifically to test strategies with different timeframes and complex indicators, making it a valuable resource for refining your trading approach.

[katewilson]

Backtesting in general is an essential tool for refining trading strategies, and MT5 offers a solid platform with its robust testing features. It allows for backtesting on different timeframes and supports various custom indicators, which is useful for creating and optimizing trading strategies. However, some traders may find the backtesting process in MT5 a bit limited when it comes to real-time data simulation or finer control over strategy testing.