90% Modeling Quality EA Tester in MT4

For those of you who want to test Phoenix (or any other EA) this manual shows you how to
get a Modeling Quality of 90%:
Use a separate installation of MT4 for testing
Install MetaTrader in a separate folder. You’re going to use this one for testing only. After the
installation open a demo-account so MT4 can update itself. After the update you click on
Help and About. Now you should see something like this:
After that, delete your account! This is necessary, because when your Terminal is
connected to the broker and you open a chart your History will be overwritten and
that’s not what we want.
Open your Windows Explorer and look for the folder where you have installed your test
version of MT4. Open the folder History and delete everything that ends with *.hst. Now
you’re ready to import the historical data for the pairs that you want to test.
Were to get the historical data
Go to:
http://www.alpari-idc.com/en/dc/databank.php
In this example we need the USDJPY:

Click on the USDJPY symbol and look in the next screen for FORMAT – MT4 and than click
on the M1 data:


Save the zip-file into a separate folder (DownloadSymbols or something like that) and unzip
the file. You now have M1 historical data for the USDJPY for more than 2 years.
How to import historical data in MT4:
Open the test version of MT4. You will get 2 screens about opening an account. You have to
cancel both because we don’t want to use an account for this test-version!
In MT4 click Tools and History Center and look for the USDJPY. Double-click the 1Minute
button. There should be no data in this screen:
Now click the Import-button and go to the folder were you have saved the file
M1_USDJPY.hst. Make sure that you’ve selected the right file-type (MetaQuotes files):


Now click the Import-button and go to the folder were you have saved the file
M1_USDJPY.hst. Make sure that you’ve selected the right file-type (MetaQuotes files):

When the data is imported, close the Import-screen with the OK-button. You have now
imported the data in the History Center. You can close this screen with the Close-button.
Converting the M1-data
Now we are going to convert the M1 data for the other time frames (M15, M30, M60, M240,
M1440 and M10080).
Click on File, Open Offline and look for USDJPY, M1. Select this and click the Open button

You now have an offline chart for the USDJPY M1 on your screen.


One more thing and I’m not sure if it’s still necessary but you have to change the Max bars for
your History and your Charts:
Click Tools, Options, and Charts and change it like this:
Close this screen with the OK-button.
On the left side of your screen you have your Navigator screen. If not you can open this with
CTRL N. Under Scripts you see the script period_converter. Double-click on it:


Close this screen with the OK-button.
On the left side of your screen you have your Navigator screen. If not you can open this with
CTRL N. Under Scripts you see the script period_converter. Double-click on it:


Now we have to convert the M1 data to the other TimeFrames. To start with the conversion
from M1 to M5, change the value of the Variable ExtPeriodMultiplier to 5 and hit the OKbutton.
The screen disappears and the script is busy converting the data:
The script needs some time for the conversion so you have to wait 20 to 30 seconds
before double-clicking it again!!
After the wait-time double-click the script again. You get a warning-screen asking if you
really want to stop the script. Yes we want, so click Yes:


Now you have the start-screen of the script again and you can use the next setting (15). After
that repeat the procedure for the rest of the settings. So we have: 5, 15, 30, 60, 240, 1440
and10080. Don’t forget the wait-time!
After the last one restart MT4, go to you Strategy Tester and you have a Modeling Quality of
90% for the USDJPY!!