Extremely useful tool that will let you analyze backtest reports in detail, giving you all kinds of neat stats like Sharpe Ratio, Z-Score, expectancy, return/drawdown ratio and so on. One of the most useful features is that it can load several backtest reports and merge them to see how they’d work as a portfolio and how they correlate to each other.
QuantAnalyzer enables zooming to the smallest analytic level and choosing different metrics, allows deep investigation by inspecting each fraction of the reports, it offers tons of performance charts and even offers advanced features such as Monte Carlo analysis and money management simulation.
This tool is a must-have for anyone who is serious about building a profitable EA portfolio.
An indicator that you can drag on a chart in MT4 to analyze the performance of your trading account. Can be very handy when you are running several EAs on a single account as a portfolio – it allows inspecting the performance and activity of each individual EA at a glance.
This is essentially an offline version of MyFxBook that you can run directly in your MT4 client, giving you a lot of data about each strategy and allowing you to sort by various parameters.
Got a trading strategy idea but lack the MQL programming skills to implement it? No problem, the EA Wizard will let you put together your strategy in a visual fashion, will enable you to test its profitability and finally will save it as an MT4 EA with full source code.
EA Wizard is an essential tool for people who cannot write MQL code and it saves tons of money and weeks of effort required for working with a freelance programmer on such ideas. Even for seasoned programmers it saves a lot of time that would be required for implementing a complex trading strategy.
Ever wanted a platform that automagically generates profitable trading strategies for you? This would be it – with StrategyQuant you can create an unlimited number of trading strategies with virtually no prior knowledge about trading or programming.
StrategyQuant uses some advanced techniques such as machine learning and genetic programming to come up with automated trading strategies for symbols and timeframes of your choice. It filters the generated strategies, lets you analyze the results in a myriad ways and finally lets you export the strategies you like as MT4 EAs.
Sounds good? That’s because it is. However, there is one drawback: it’s not exactly cheap.
Walk Forward Analyzer
As its name implies, this software performs a walk forward analysis of an expert advisor. This is a procedure that optimizes an EA on a limited range of time, runs a backtest to verify that the resulting parameters work fine on out-of-sample data then shifts the time range forward and repeats the procedure.
The Walk Forward Analyzer is a great tool that helps optimizing an EA while avoiding curve fitting and best of all, it’s free (although it is no longer supported).
Important note: you don’t need to enable the Tick Data Suite checkbox, it’s meant for the old TDS version.