MT4 Analysis Tool for Evaluating Trades Using Chart Trendlines

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This tool displays backtest results.

This tool does not use the MT4 backtesting function.
It aggregates trendlines drawn on the chart.

Trendlines drawn manually as well as those drawn by indicators are included in the aggregation.
Trade direction (sell or buy) is identified based on the object name or the object’s attributes, such as colour, thickness, or type.
The price reference point can be set to the open, the close, or the trendline drawing position.
The time reference point can be set to the trendline drawing position or by specifying a time shift.

The following information is displayed:
  • Number of trades and win rate, broken down by sell / buy / total and by wins / losses
  • Pips and risk–reward ratio, broken down by sell / buy / total and by wins / losses
  • Aggregation period (number of days / weeks / months), average weekly pips, and average monthly pips
In all cases, pips are calculated as Point divided by 10.
The latest version is here..

Aggregation examples

An example where the object name is used and the period from the open of the next bar to the open of the following bar is applied.
An example where object attributes are used and the period from the trendline drawing position to the trendline drawing position is applied.
These users thanked the author funchi for the post (total 6):
AlainP, Abdi, Jimmy, Curioso, boytoy, ChuChu Rocket
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I will not create indicators without the publication of a trading system.
While I am motivated to develop greedy systems for trading systems that are already satisfactory,
I will not assist with the development of your trading systems.
Please publish your trading system first before requesting the creation of indicators.
funchi
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Re: MT4 Analysis Tool for Evaluating Trades Using Chart Trendlines

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funchi wrote: Mon Feb 09, 2026 11:47 am This tool does not use the MT4 backtesting function.
It aggregates trendlines drawn on the chart.
boytoy wrote: Fri Feb 20, 2026 9:01 pm I think this is very interesting unique approach to backtesting -- very cool because you just draw the trendline and change the name to @buy or @sell and it will tell you all the information
I was thinking about this tool before bed last night so I tried it and can confirm this backtester also works with the Fractals (Auto) Trendlines indicator by:
  • Manually selecting a trend line
  • Naming it to either @buy or @sell
This is a nice price action backtester. Would be even more superb to see the options to change the color of the font and the sizing in future.

Thank you trader Funchi.
These users thanked the author Jimmy for the post (total 2):
funchi, boytoy
List of our most powerful reversal indicators + Guide to the "All Averages" Filters (ADXvma, Laguerre etc.)
Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions + How to draw Support & Resistance

Re: MT4 Analysis Tool for Evaluating Trades Using Chart Trendlines

4
Jimmy wrote: Sat Feb 21, 2026 7:12 pm I was thinking about this tool before bed last night so I tried it and can confirm this backtester also works with the Fractals (Auto) Trendlines indicator by:
  • Manually selecting a trend line
  • Naming it to either @buy or @sell
This is a nice price action backtester. Would be even more superb to see the options to change the color of the font and the sizing in future.

Thank you trader Funchi.
We have added a Result Display Settings parameter.
  • Horizontal position
  • Vertical position
  • Column spacing
  • Row spacing
  • Font size
  • Title text colour
  • Detail text colour
  • Background colour
These users thanked the author funchi for the post (total 5):
Curioso, Jimmy, ChuChu Rocket, RodrigoRT7, boytoy
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
I will not create indicators without the publication of a trading system.
While I am motivated to develop greedy systems for trading systems that are already satisfactory,
I will not assist with the development of your trading systems.
Please publish your trading system first before requesting the creation of indicators.
funchi
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

Re: MT4 Analysis Tool for Evaluating Trades Using Chart Trendlines

5
funchi wrote: Sat Feb 21, 2026 11:23 pm We have added a Result Display Settings parameter.
This is brilliant because once you use it, it becomes a straightforward tool to see if trendlines followed through and what the results were. Today it's featured on our X and Daily Downloads.

I hope many more price action traders discover and use this.
These users thanked the author Jimmy for the post (total 4):
RodrigoRT7, mazibee, funchi, boytoy
List of our most powerful reversal indicators + Guide to the "All Averages" Filters (ADXvma, Laguerre etc.)
Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions + How to draw Support & Resistance