I have seen in some places that people say backtesting Forex strategies is useless because it does not guarantee future performance. Well, this is true, and everyone knows that there is no guarantee for future trading, but at least we have something, right?
If one uses manual trading and does not have an Expert Advisor how he would know the performance of the strategy? Not possible. It is not possible to backtest looking at the chart. I know many try to do that but they are not familiar with the repainting factor.
Having Expert Advisors is the only reliable way we can do backtesting Forex Strategies and especially with EA Studio we can see so many details:
