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Before you start
Two quick checks. Tick them as you go.
Words you'll see. Expectancy = the average result per trade, in units of risk (R), after costs. Unresolved = trades where the stop and target both sat inside one bar, so the order is unknown.
Guide · MetaTrader 5 · about 15 minutes
Use PFX RGM.Read the panel before the arrows.
RGM shows momentum signals that only count when the market regime and a higher-timeframe trend agree. Its panel scores those signals over your loaded history. It places no orders, and the panel is not a backtest. Judge a setting by the expectancy figure, and by testing it with filters turned off.
~15 minstart to finish
6 stepstick each one off
No orderssignals and levels only
Freefor PrecisionFX tools
✓
Nothing here places a trade.
RGM draws signals and scores them. If a step doesn't look like the picture, that's normal: open the "Not seeing it?" box under it.
1
Attach it to a chart
The product suggests a lower timeframe as its home.
- Drag PFX RGM onto any chart. It works on any symbol and timeframe.
- The higher-timeframe trend filter defaults to M15, so a chart at M1 or M5 suits it best.
Not seeing it?
The panel doesn't show. Check the indicator is attached and that the chart has loaded its history. The panel is in the top left.
2
Read the panel first
The panel scores every signal over your loaded history.
- The panel is in the top left. It shows signals, wins, losses, unresolved trades, win rate, expectancy and the cost it used.
- Read expectancy first. It is the one figure that decides whether a setting is worth trading.
- Treat the win rate as interesting only. A high win rate with a low reward-to-risk ratio is not an edge.
The panel is a scoring tool, not a backtest. It assumes every signal was taken, with no slippage and no commission.
Not seeing it?
Expectancy is negative. That setting does not pay after costs on this history. Change one thing and check again.
3
Check the unresolved count
High unresolved means the panel cannot judge the setting.
- If unresolved is high, the panel cannot tell which level was hit first inside a bar.
- Widen the target, widen the stop, or move up a timeframe. Each one lowers the chance that both levels fall inside one bar.
- The panel warns on screen when unresolved passes a quarter of the decided trades.
Not seeing it?
The warning shows and I don't know why. Unresolved trades are ones where the price data can't say which level came first. Use one of the three changes above.
4
Set your cost assumption
Decide what a trade costs before you trust the number.
- Round-trip cost defaults to 0, which uses your live spread. That is fine while the market is open.
- Set an explicit number if you want to test against a worse broker, or if you are looking out of hours when the spread is not typical.
Out of hours the live spread can be unrepresentative. A typed cost stays the same each time you compare.
Not seeing it?
I'm not sure what number to type. Use the spread you see during the hours you trade, or a worse figure to be cautious.
5
Turn the filters off, one at a time
Find out what is doing the work.
- Turn the trend filter off. If the numbers barely move, the filter is not earning its place.
- Set the regime gate to Any, and check the same question.
- Put each one back, one at a time, and compare the expectancy.
A filter you have never tested without is one you are trusting, not using.
Not seeing it?
The numbers jump a lot when I turn a filter off. That tells you the filter matters. Keep it on, and test the result on a demo before you rely on it.
Your safety nets
Three things to keep in mind.
1
No orders
RGM only draws signals and scores them. It does not place trades.
2
The panel is not a backtest
No slippage, no commission, one flat cost, and every signal assumed taken.
3
A signal is not a forecast
Treat each arrow as a level to study, not a prediction.
Risk warning: Trading carries a high risk of loss and is not suitable for everyone. RGM's panel scores past signals and is not a guarantee of future results. Signals are not forecasts. MetaTrader and MQL5 are trademarks of MetaQuotes Ltd.; PrecisionFX is not affiliated with or endorsed by MetaQuotes.