I have a brief inquiry about backtesting in MetaTrader 4.
I am in Australia so my account is obviously in AUD.
When I backtest I suspect that the platform converts the currency from my account to the currency I require for a trade based on today's rate. This can be problematic if you are doing long backtests over years. For instance the AUD was worth nearly 1USD a year ago, but now is only worth about 0.77USD.
Any information on this topic would be greatly appreciated.
'Testing Features and Limits in MetaTrader 4 - MQL4 Articles "The deposit currency can be changed, but conversion prices are set, and the current available ones are used"
Conversion is required only if your account currency is not one of the traded pairs. Change the account currency in the tester or use a pair that has AUD
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