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Preparing Forexite Minute Bars for MetaTrader 4 Backtests

Article MQL5 code base
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Summary

This document explains how to combine Forexite’s daily MetaStock-format quote files into a single instrument history file for import into MetaTrader 4. The workflow downloads and unpacks daily archives, then runs a script with the instrument name and date range to filter the desired quotes and join them into a CSV. The example focuses on gold and describes importing the result into the platform’s history center.

The author says the archive extends further back than the cited MQL4 source for gold, making it potentially useful for rough tests of strategies on medium or higher timeframes. The account reports that processing several years of gold data took about eight minutes. Important limits are that weekend and holiday files may need manual handling, the source has no volume data, and platform-generated volumes are not genuine traded volume. Results may also differ across dealers, so the data is unsuitable for strategies sensitive to small-timeframe quote differences or volume.

Key ideas

  • Daily instrument quote files can be filtered and combined into one file for MetaTrader 4 history import.
  • The process requires a symbol and start and end dates, and holiday files may need manual attention.
  • The described Forexite minute bars extend further back than the cited alternative archive for gold.
  • The source lacks volume data, and any volumes generated during import are not source observations.
  • The author recommends this data only for rough strategies that are not sensitive to dealer differences.

Tags

ForexCommoditiesBacktesting

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.