I am currently trying to learn but at the moment I have very little time.
Very often there was a situation in the chart where I think this would have been a good moment to open a position -but I am too late.
In pip school the author mentioned there is software where you can step through the price movement manually candle by candle.
Saved price movement of course - so it`s manual backtesting or whatever you want to call it.
Can I do this with MetaTrader somehow?
I figure that theoretically you could have a server-software on you PC simulating a broker accound and market. If youd connect MT4 to it you could make your trades as with a regular demo account but you could choose which previous days price data youd like to use and move through the day more quickly. I dont know if that exists.
Maybe MT4 can do this already. ?
Just make sure you untick the “auto scroll” button and then you can F12 or Shift + F12 your way through the charts.
For a demo may I suggest a FXPro MT4 demo account - they have a large amount of history on the charts so you can scroll far back into the past and then work your way forward.
There are also more advanced things you can do with MT4 such as using the strategy tester function.
I checked your link right after replying. From the description provided in the pdf I suppose it might be a little odd to use since you open and close positions by starting scripts…
On the other hand its free and appears to work so its better than nothing I guess.
Thank you for the 2 links provided.